The Obama Family Home
The Obamas were able to buy this renovated mansion in 2005 for $1.65 million after then Senator-Elect Obama signed book contracts with Crown Publishers and Alfred A. Knopf at the end of 2004. (Prior to buying this house, the Obamas lived in a vintage condo at 5450 S. East View Ave.)
The home purchase took on political significance for its connection with Tony Rezko, a Chicago real estate developer who was one of Obama's earliest supporters. The longtime political fundraiser was later convicted on several counts of fraud and bribery.
The previous owner wanted to sell the house and a neighboring empty lot in one deal. On the day the Obamas bought the mansion, Rezko's wife, Rita, bought the adjoining empty lot. Obama has acknowledged he told Rezko about the need to close both deals on the same day, but has denied the two coordinated to make the purchases.
In 2006, the Obamas bought a 10-foot strip of the empty lot from Rezko for $104,500. Rezko never developed the remaining portion of the corner lot.
Once, when Sen. Obama called the mansion to brag to his wife about federal legislation he helped pass, Michelle Obama ignored him, saying, “We have ants.” She wanted him to stop on his way home to pick up some traps for the manse.
Obama Family Home
5046 S. Greenwood Ave.
Northwest corner, East Hyde Park Boulevard and Greenwood Avenue