R. Kelly’s Olympia Fields mansion in foreclosure
By Mike Nolan Sun-Times Media email@example.com July 12, 2011 7:32PM
R. Kelly’s Olympia Fields mansion. | File Photo
Updated: July 13, 2011 2:12AM
The Olympia Fields mansion of R&B artist R. Kelly is in foreclosure, with J.P. Morgan Chase Bank alleging that the Grammy winner owes it more than $2.9 million.
The 11,140-square-foot home at 1 Maros Lane — the street so named for the prior owner, who owned several south suburban McDonald’s restaurants — boasts six full bathrooms, seven half-baths and two fireplaces, according to the Cook County assessor’s office. There’s also a four-car garage, and the house sits behind an imposing iron fence in the tony Maynegaite Woods subdivision.
In March 1999, J.P. Morgan gave Robert S. Kelly a $3.5 million mortgage, and in a court filing last month the bank said it’s still owed more than $2.9 million. A spokeswoman for the bank said it would not comment on the foreclosure filing.
Through a firm in Oak Brook, Kelly last year paid more than $170,000 in property taxes on the house but owes more than $100,000 in back taxes, according to the county treasurer’s office.
A source said Kelly hadn’t made a mortgage payment on the home in “a significant time.”
The home’s value has plunged as the real estate market has soured. In 2009, the county assessor said the house was worth $5.16 million but that fell to $3.8 million last year.
Kelly’s spokesman, Allan Mayer, wouldn’t comment on the foreclosure but told The Associated Press that Kelly isn’t having financial trouble. Mayer said the singer now lives in Chicago and that Kelly’s recent tour and 2010 album, “Love Letter,” have been successful.
Kelly’s major hits have included “I Believe I Can Fly” and “Ignition.” In 2008, he was acquitted of child pornography charges.
The house was built by James and Bess Maros, who were among the first 50 McDonald’s franchisees selected by company founder Ray Kroc.
The Maroses built a 15,000-square-foot house, complete with a McDonald’s-style fry station. They had owned 10 McDonald’s outlets, and locals dubbed the house as the “McDonald’s Mansion” or “Maros Mansion.”
Kelly paid $1.5 million for the property and demolished the house to build a new home. Bess Maros was “heartbroken” to learn that Kelly had torn down the home, Maros’ daughter told the Sun-Times last year after her mother’s death.