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Chicago Public Colleges CEO Pedro Martinez paid $690,000 for …


Chicago Public Colleges CEO Pedro Martinez and his spouse, Berenice, paid $690,000 for a four-bedroom space at the Close to West Facet in October.

A Chicago local and a former leader monetary officer for CPS, Martinez in September was once appointed CEO via Mayor Lori Lightfoot, and his appointment was once showed via the Chicago Board of Training. Straight away prior, he have been superintendent of the general public college gadget in San Antonio, Texas, for 6 years.

At the West Facet, Martinez and his spouse purchased a space within the Illinois Clinical District. In-built 1991, the home has 3 ½ bogs, a hearth in the lounge, hardwood flooring, a terrace overlooking the yard, a decrease stage rec room, a second-floor proprietor’s suite with two walk-in closets, a lined outside lounge and a peak surface with two bedrooms and a big skyline-view terrace.

The couple purchased the home for not up to the $728,000 than the former proprietor had paid for it in 2007. The ones homeowners first indexed the home in July for $750,000, and minimize their asking value later that month to $715,000 ahead of they struck a deal Aug. 3 to promote the house to Pedro and Berenice Martinez. That Aug. 3 actual property contract was once greater than a month ahead of Lightfoot publicly introduced that she had selected him as CPS’ CEO.

Paz Martinez of Realty 123, who represented the couple, mentioned she may no longer touch upon her shoppers and even on their identities. On the other hand, she instructed Elite Boulevard that “the valuables is in an overly prosperous community with a top quantity of top-tier execs.”

“The valuables itself is tastefully designed with capability, aesthetics which are gratifying to the attention and a contemporary interface with an inherent ability of Chicago vintage structural design,” she mentioned.

The home had an $18,192 assets tax invoice within the 2020 tax 12 months.

Goldsborough is a contract author.

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