R. Kelly’s Olympia Fields mansion auctioned for $950,000
BY LISA DONOVAN Cook County Reporter email@example.com March 18, 2013 1:13PM
Updated: April 20, 2013 6:23AM
If he hasn’t already, controversial R&B artist R. Kelly should be readying to move everything — including anything trapped in closets — out of his south suburban mansion.
On Monday, his 22,000-square-foot Olympia Fields home went up for auction as part of ongoing foreclosure proceedings, and Kelly’s lender on the property, JP Morgan Chase, offered the sole bid of $950,000 on Monday.
Once a judge signs off on the purchase, the lender can ask a Cook County Chancery Court judge to evict the owner, according to the Sheriff’s Office, which handles eviction orders.
An attorney for Chase emailed the bid to the sheriff’s office, whose myriad duties include serving as auctioneer for foreclosed properties. A Chase spokeswoman reached later in the day declined to comment on the auction, citing “borrower privacy.”
Once a judge signs off on the deal, the bank can ask a judge to have the sheriff evict the owners and, eventually, move toward putting the home on the market.
The house on Maros Lane boasts six bedrooms, eight full bathrooms, six half-baths, an indoor pool and theatre, according to the Cook County assessor’s office and the Century 21 real estate listing. The home sits on 3 acres with a private lake surrounded by imposing iron fence in the tony Maynegaite Woods subdivision.
The foreclosure is seemingly another sign of financial problems for one of the best-selling, highest-earning recording artists of all time, who rose to acclaim with songs like “I Believe I can Fly” and has penned the operetta “Trapped In the Closet” — a musical soap opera with 33 chapters depicting the complicated and sometimes tangled sex lives of its characters.
Last year, the Sun-Times reported Kelly owed the Internal Revenue Service nearly $5 million in unpaid taxes, according to documents held by the Cook County Recorder of Deeds.
His one-time spokesman, Allan Mayer, reached in Los Angeles said he couldn’t comment on the auction but said Kelly is not having financial problems.
Kelly’s business manager Derrel McDavid didn’t return a call for comment.
Kelly originally paid $1.5 million for the Olympia Fields property that once belonged to the Maros family, who owned several McDonald’s restaurants. Kelly demolished the house to build the mansion that sits there today. Bess Maros was “heartbroken” to learn that Kelly had torn down the home, Maros’ daughter told the Sun-Times after her mother’s death.
Kelly custom-built the 16-room gated mansion in 1997, according to the Associated Press.
In March 1999, Chase gave Kelly a $3.5 million mortgage but he still owed $2.9 million on it back in 2011, according to court filings.
Contributing: Mike Nolan, AP