Singer R. Kelly’s Olympia Fields Home On Market For $1.6 Million

CHICAGO (CBS) — Chicago-born singer R-Kelly’s suburban home is on the market following a foreclosure suit this summer.

The mansion is being sold in a short sale for $1.6 million in Olympia Fields. That means Kelly owes more on the home than it’s actually worth.

According to previously published reports in Crain’s, Kelly has not made a monthly mortgage payment since June 2010 on the mansion, located on Maros Lane.

Thus, J.P. Morgan Chase Bank N.A. filed a foreclosure complaint in the Chancery Division of Cook County Circuit Court earlier this year, Crain’s reported.

The house and its gated estate were constructed for Kelly 11 years ago. The house is 22,000 square feet, and features eight bathrooms, four fireplaces, an indoor pool, sauna, theater room and a four-car garage.

LISTEN: WBBM Newsradio’s Felicia Middlebrooks Reports

  • Larry Horse's Arse Horse's Arse

    Some people obviously spend far too much and get in way over their head.

    But this is happening to the everyday Joe as well. There are millions out there who owe more than their home is worth, and it is impossible to get out of it without ruining your credit. Does Congress have a plan to get people out of this deep financial ditch?

    Meanwhile, the whole foreclosure business is about the only thing booming these days as far as legal work goes.

blog comments powered by Disqus
Daily Weather Reports Delivered To You!SIGN UP NOW: Get daily weather reports every morning from meteorologist Steve Baskerville!
CBS Sports Radio RoundupGet your latest sports talk from across the country.

Listen Live