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ITW's CFO Lists Winnetka Home for Sale

VHT Studios
A top executive at the $14-billion Glenview-based manufacturing firm ITW and his wife listed their Winnetka home for sale.
Micahel Larsen, ITW's senior vice president and chief financial officer, and Jennifer Larsen listed the six-bedroom, 9,700-square-foot house on Lincoln Avenue for sale Jan. 17, priced at just under $3.5 million.
The Larsens bought the home in March 2014, when it was newly built, for $3.2 million, according to the Cook County Recorder of Deeds. At the time, Michael Larsen had recently joined ITW, the company founded in 1912 as Illinois Tool Works.
Michael Larsen did not immediately respond to a request for comment left at his office, and Jena Radnay, the @properties agent representing the property, declined to discuss the sellers.
About the house, Radnay said in text messages that "it's like a designer showpiece, better than new construction, as everything has been upgraded with no expense spared." Among the upgrades she mentioned were custom wallpapers, automatic window treatments, new millwork, and landscaping, including a bluestone patio.
The gold-leaf painted ceiling in the foyer, Radnay said, "is stunning."
It's not clear whether the couple's total investment, combining purchase and upgrades, is more than they are asking for the house; Radnay did not comment on the cost of the upgrades.
Behind the multi-hued stone, facades is a living room and dining room with tall windows and extensive millwork, a crisp white kitchen with a sunny breakfast room attached, and a wood-wrapped office with a fireplace. In the basement are a glass-walled wine room, a movie room, and a bar area, and the home also has an indoor half-court basketball gym and separate workout room.
The house, a block north of the home where the movie "Home Alone" takes place, is a few blocks walk to shops, restaurants, and a Metra station in one direction, and to the town's Tower Road Park beach in another.

The Larsens' home is one of 12 on the market in Winnetka at between $3 million and $4 million. In the past 12 months, eight Winnetka homes sold in that price range, with an average time on the market of 156 days, according to Midwest Real Estate Data.

Source: Crain's Chicago Business

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