Want to be Obama's neighbor? You can for $899,000 (and a security check).(Read article summary)
A vacant lot next to President Obama’s home in Chicago hit the market this week. But to get a showing of the lot, prospective buyers must submit information to the Secret Service.
Charles Rex Arbogast/AP/File
Ever wondered what it would be like to share a property line with a sitting US president?
You now have your chance. A vacant lot next to President Obama’s home in the historic Chicago neighborhood of Kenwood is for sale. The 50-by-150-foot lot, located at 5050 South Greenwood Avenue, is listed at $899,000 and hit the market this week.
But to get a showing of the lot, prospective buyers must submit financial information and the names of anyone planning to attend the showing at least 24 hours beforehand to the Secret Service. The Secret Service, in fact, currently maintains the lot, which includes mowing the lawn.
The Obama family has had the Kenwood home since 2005, and his presidency has altered life in the South Side neighborhood. A concrete barrier was erected on the south end of that street during the first year of his presidency, and the constant presence of Chicago police and Secret Service personnel make strolling down the street impossible. Neighbors and their guests are required to carry identification with them, and surrounding streets are blocked off – sometimes with cars towed – whenever the president and his family arrive home.
The lot’s current owners purchased it in March 2008 and planned to build an 8,000-square-foot home, says Anthony Rouches of @Properties in Chicago, the listing agent. The original purchase price was $675,000, but the house never materialized.