Inside The $3.7 Million “Uninhabitable” Home of a Billionaire Politician
J.B. Pritzker is a billionaire heir to the Hyatt Hotel fortune, and he’s also running in the Democratic primary for governor in Illinois as a self-proclaimed progressive despite his family’s notorious unprogressive business dealings.
This weekend, the Chicago Sun-Times reported that Pritzker used a tax loophole that would make even the most shameless faux progressive politician blush.
According to the Sun-Times, Pritzker used a loophole only available to millionaires and billionaires to slash his property taxes by more than $230,000 — nearly four times what the average Illinois family makes in a year.
Pritzker purchased for $3.7 million the mansion next door to his main, $14.5 million estate to create a buffer between him and his neighbors. He proceeded to spend $1 million upgrading the exterior of his “buffer mansion,” but claimed the inside was “uninhabitable,” allowing him to claim an 83% property tax reduction.
According to photos obtain from the listing, it appears that “uninhabitable” for a Pritzker is simply “unimaginable” for all Illinoisans who could never afford to live in Chicago’s Gold Coast neighborhood.
See for yourself: