A five-bedroom, 6,200-square-foot combined condominium on the 37th floor of Water Tower Place that is owned by billionaire couple Renee and Lester Crown was listed on March 22 for $5.5 million.
Long the patriarch of one of Chicago’s most prominent business and civic families, Lester Crown, 100, is known for continuing to run his family’s building materials company, Material Service Corp., well into the 21st century, after which point it was sold. Also a onetime chairman and part-owner of the Chicago Bulls and an investor in the New York Yankees, Lester Crown and his wife have been well-known for their philanthropy, including as stalwart supporters of Israel and Jewish causes and institutions.
In Water Tower place, the Crowns, whose main residence is in Wilmette, bought the 37th-floor condo in two pieces. In 2015, they paid $2.745 million for the first part of it, and they paid $3.27 million the following year for an adjoining one.
Now, the couple have the unit, which is in the northeast and southeast corners of Water Tower Place, up for sale. Features in the condo, which has been renovated by Kara Mann Interiors, include 5 1/2 bathrooms, custom cabinetry, wide plank white oak floors, motorized shades, a walk-in coat closet, a living room with a wet bar, a breakfast room overlooking the lake and a white kitchen with custom cabinetry, dual Wolf ovens, an induction cooktop, an Asko dishwasher and a Sub-Zero refrigerator. Other features include two walk-in pantries, an office with a wet bar and rich wood designer built-ins, and a primary bedroom suite with a linen closet, another office with glass sliding doors, and a bathroom with a large custom vanity, heated floors and a walk-in shower with body sprays.
In the home’s present configuration, one of the bedrooms is outfitted as a gym with a wet bar, while another bedroom is set up as an en suite nursery.
Listing agent Kathleen Malone declined to comment on the listing.
The two units together had a $60,043 property tax bill in the 2024 tax year. It also has monthly homeowners association dues of $4,705, which totals $56,500 a year in association fees.
Goldsborough is a freelance reporter.
