An entity controlled by billionaire Jennifer Pritzker has acquired another home near Evanston’s lakefront.

Property records show that the home at 2437 Sheridan Road was purchased last month by General Sheridan LLC, which in turn is owned by Brown Shoe Investments LLC, which is managed by Pritzker and Mary Parthe, the chief investment officer of Pritzker’s Tawani Enterprises, Inc.

The home, which backs up to the city’s water plant, was sold for $1.7 million by Tyrone and Anne Fahner, who had purchased it in 1991 from Northwestern University.

County records show that the century-old, 4,777 square foot building on a 17,500 square foot lot has 3 full and 2 half baths and was most recently assessed at $992,650.

The home adjoins a vacant city-owned lot at the corner of Sheridan Road and Milburn Street. The two lots combined had been considered as a possible site for a new five-million gallon water reservoir, although a report presented to aldermen Monday night indicated that the least expensive option for the reservoir would be to build it on the existing 1934 reservoir site off Lincoln Street on land the city leases from the university.

Pritzker last fall opened the first legal bed and breakfast establishment in the city, Stone Porch by the Lake, at 300 Church St., and is rehabbing another property two doors away at 1622 Forest Place for use as a B&B.

Pritzker’s B&B projects have drawn intense opposition from some of her lakefront neighbors, although the neighbors failed to block city approval of either project.

However, her offer to purchase the city-owned lakefront Harley Clarke mansion and expand it for use as a boutique hotel was rejected on a 6-3 vote by aldermen in 2013 amid a wave of objections to the sale of city-owned lakefront land. The city is still trying to determine a viable alternative use for the Harley Clarke property, about two blocks north of her newly-acquired home.

Pritzker has not announced her plans for the 2437 Sheridan Road building.

Bill Smith is the editor and publisher of Evanston Now.

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