What's Happening?
Pedro Strop, a former relief pitcher for the Chicago Cubs, has put his five-bedroom home in the Portage Park neighborhood of Chicago on the market for $900,000. Strop, who was a key player in the Cubs'
2016 World Series-winning team, purchased the 3,700-square-foot house in 2019 for $625,000 through a Delaware limited liability company. The home, built in 2005, features 4-1/2 bathrooms, a finished basement, and a kitchen with custom cabinetry and high-end appliances. The property also includes a third-floor primary bedroom suite with a lounge and yoga studio, as well as a deck and patio. The house is part of the Concord at Jefferson Park development and has a monthly homeowners association fee of $125. The property tax bill for 2024 was $13,009.
Why It's Important?
The listing of Pedro Strop's home is significant as it highlights the real estate market dynamics in Chicago, particularly in the Portage Park area. The sale of a high-profile property like Strop's can influence local market trends and attract attention to the neighborhood. Additionally, the listing reflects the broader trend of former athletes investing in real estate, which can impact property values and community development. For fans and collectors, the home's association with a celebrated sports figure adds a unique provenance, potentially increasing its appeal and value.
What's Next?
Potential buyers and real estate investors will likely monitor the sale of Strop's home closely, as it could set a precedent for future property values in the area. The outcome of this sale may also influence other former athletes considering similar real estate transactions. Additionally, the listing agent's marketing strategy, emphasizing the home's unique provenance, could attract a niche market of buyers interested in properties with celebrity connections.
