For $899K, You Could Be Obama's Neighbor
Empty lot next door to Chicago home is available
By Evann Gastaldo, Newser Staff
Posted Nov 14, 2012 2:20 PM CST
In this Dec. 10, 2009, file photo in Chicago, the home belonging to President Barack Obama and family, left, is pictured.   (M. Spencer Green, File)

(Newser) – You could be President Obama's next-door neighbor, assuming you've got $899,000 burning a hole in your pocket, plus however much it costs to build a house. The empty double lot next to Obama's Chicago home is going up for sale, AFP reports. The real estate agent gave the Obamas first dibs on purchasing it, but they declined, the agent says. Though it's not formally listed yet, the owners, who purchased the corner lot in 2008 for $675,000, have settled on the asking price. The Secret Service has been maintaining it and making sure no one unauthorized enters.

In addition to putting you in the proximity of a president, the lot comes with a side of scandal: Former Obama fundraiser Tony Rezko, who is currently in prison on fraud and bribery charges, bought it in 2005 after Obama bought his home, and then sold Obama some of the land. (Two years ago, the house next to the Obama home on the other side sold for $1.4 million, considerably higher than market value.)

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Nov 17, 2012 2:06 PM CST
if i had $899,000 that is the last place i would be!
Nov 16, 2012 8:33 PM CST
Oblama won't be moving back there to Chicago - he's getting a $40,000,000 place in Hawaii for doling out 1 trillion dollars a year to all his socialict buddies. I guess the Presidential library he is building on the same grandious property justifies the expenditure in his somewhat befuddled mind... he will enjoy his view of the ocean while our children and childrens' children are buried under the debt he has run up. I wonder if we will still be paying the tab for his Kenyan relatives who now live at the Whitehouse with him at the taxpayers' expense? This country will never recover. Happy Thanksgiving.
Nov 15, 2012 12:40 PM CST
Obama's house is beautiful, but I wouldn't want to live in Chicago.