LINCOLN PARK
SALE $7.21 MILLION

Seven years ago, Matthew Pritzker and his sister, Liesel, each received a $280 million settlement following a bitter legal battle over their family’s fortune. Now we know how Matthew spent some of that loot: acquiring three adjoining lots on an elite Lincoln Park street.

Pritzker began his buying spree in 2006, when he paid a builder $1.46 million for a new house. Two years later, he bought the residence next door for $2 million, and last July he bought the one next to that for $3.75 million. Pritzker has no plans to put up a megamansion on the three lots, says his spokesman, Elliot Sloane.

Currently, Pritzker lives in the first house (above, at right). He tore down the middle residence—a two-story red brick abode—in the fall. According to Sloane, he plans to install a landscaped yard there and use the third property as a rental. Through his Matthew Pritzker Company, the 29-year-old also invests in commercial real estate, as well as in the HomeMade Pizza Company, Hugo Naturals (which makes soaps and other personal care products), and several Internet companies.

Send tips about home sales to dennis@rodkin.com.

Photograph: Todd Urban