Glencoe's Pabst Mansion Sells For $4.8 Million

By Chuck Sudo in News on Aug 28, 2014 4:40PM

An interior shot of the "Pabst mansion."

A mansion in Glencoe built for a former Pabst Brewing Co. executive in the 1930s has sold for $4.8 million. The 26-room, 14,364-square-foot Georgian mansion was designed by architect William Pereira and built for Pabst executive Harris Perlstein in 1936.

But there isn't as much of a market for ginormous testaments to personal wealth on the North Shore as there used to be. Public records show Jeffrey S. Lange bought the mansion, which was originally listed at $6.95 million last year before the price was cut to $5.95 million, then $4.95 million. The mansion has frequently been on the market over the past 17 years and has had five owners (and depreciating values) in that span and the Lange purchase is the second time the mansion sold at a loss.

[Tribune]