Chicago Real Estate

Price plummets for Olympia Fields mansion previously home to Chicago celebrities

Listed for almost $3.5 million in January 2024, the asking price is now $1 million lower

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A majestic mansion in Chicago's south suburbs that previously served as the home of some of the city's biggest names has seen a massive price drop, just over six months after first being placed on the market.

Originally listed for $3,499,000 in January 2024, the home is currently listed for $2,499,000, a $1 million decrease from the original asking price.

The Olympia Fields mansion sports an impressive 19 rooms across two stories, with seven bedrooms and 9.75 bathrooms in the expansive home.

Credit: Chicago Home Photos

Originally built in 1997 by disgraced R&B singer R. Kelly, the mansion fell into a state of disrepair before the late Rudolph Isley of the Isley Brothers and his wife Elaine brought the building back to life beginning in 2013.

Credit: Chicago Home Photos

With high ceilings throughout and prominent natural light, the mansion has the Olympia Fields Country Club in the backdrop, giving the home a picturesque setting.

Credit: Chicago Home Photos
Credit: Chicago Home Photos

The home was originally listed for $3,499,000, with a cost of $253,959.34 in total taxes.

Credit: Chicago Home Photos

The home also includes a gourmet kitchen with luxury appliances, though the home's highlight revolves around recreation.

Credit: Chicago Home Photos
Credit: Chicago Home Photos

The mansion boasts an indoor two-story pool hall, as well as a jungle-themed grotto, waterfall, hot tub and two-story treehouse, adjacent to a full family room and bathroom, creating a year-round getaway with the home.

Credit: Chicago Home Photos
Credit: Chicago Home Photos
Credit: Chicago Home Photos

In addition to all of the amenities inside the home, the property includes a fully equipped fitness center with a lit private court for basketball, pickleball or tennis.

Credit: Chicago Home Photos
Credit: Chicago Home Photos
Credit: Chicago Home Photos

According to the realtor, the home "is designed to captivate the hearts of those who crave the epitome of opulence and privacy, where every detail tells a story, where privacy is paramount and provides an escape from the hustle and bustle of everyday life."

Credit: Chicago Home Photos

More information on the once-in-a-lifetime listing can be found here.

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