Advertisement
Home Arts & Entertainment Originally published March 18, 2013

Bank Buys R. Kelly's Chicago-area Home

by Associated Press

  •   Click on the photo to view additional Photos.
    This Friday, Aug. 10, 2012 photo released by Starpix shows R&B singer R. Kelly at a book signing for his memoir, "Soulacoaster: The Diary of Me," at Barnes & Noble in New York. Photo/Starpix, Amanda Schwab (AP Photo)

Story Tools
Share |


Comments
There are currently 0 comments.

Be the next to make a comment.

Post a comment

Login|Register


AFRO Black History Archives
Check out related stories, research genealogies, or peruse all that our archives have to offer.

Click Here to get started!

CHICAGO (AP) — R&B star R. Kelly's Chicago-area mansion has been sold for $950,000 in a foreclosure auction.

The Chicago Sun-Times reports (http://tinyurl.com/cg7bup2) that Kelly's Olympia Fields home was sold Monday to J.P. Morgan Chase, which already held the mortgage. Chase set the opening bid at $950,000, then submitted the only offer.

The property once was valued at more than $5 million. Last year, Chase stated in court files that Kelly still owed about $3 million on the 11,140-square-foot home.

Once a judge approves the deal, the bank can put it on the market.

Kelly's business manager didn't return a call from the newspaper. His one-time spokesman, Allan Mayer, says he can't comment on the auction, but the Grammy winner isn't having financial problems.

Kelly was acquitted of child pornography charges in 2008.