suntimes
LABORIOUS 
Weather Updates

Betty Loren-Maltese’s old Cicero home goes on auction block

Betty Loren-Maltese's former residence 3818 S. AustCicero goes auctiblock Thursday. The home features three bedrooms two baths finished basement with

Betty Loren-Maltese's former residence at 3818 S. Austin in Cicero goes on the auction block Thursday. The home features three bedrooms, two baths and a finished basement with full kitchen. | Jean Lachat~Sun-Times

storyidforme: 15737459
tmspicid: 5575694
fileheaderid: 2659959
Article Extras
Story Image

Updated: July 26, 2011 2:46PM



For sale later this week: A piece of Cicero’s storied political history.

The modest brick house that once belonged to former Town President Betty Loren-Maltese will be auctioned off on Thursday, the result of Loren-Maltese’s 2002 conviction in an insurance scam.

Potential buyers had one last chance to get a look at Loren-Maltese’s old digs on Sunday during a four-hour open house. Thirty-two groups of people showed up, but most had no idea who the former owner was.

One of the few who did was Connie Schafer of Darien.

“It’s an interesting history, but it’s still just a house,” Schafer said. “It looks better from the outside. The inside really needs updating.”

The 1,200-square-foot home on South Austin in Cicero has three bedrooms, 1.5 baths and a finished basement. There’s a touch of Loren-Maltese in the fancy lavender drapes, pleated shades and massive white entertainment center in the mirror-walled living room.

Loren-Maltese, whose Facebook page says she now lives in Palos Hills, was convicted of racketeering conspiracy for defrauding Cicero residents of more than $12 million in a mob-related insurance scam. She served six years in prison.

The government seized four of Loren-Maltese’s properties, including the Cicero house, a bigger home in Las Vegas and two properties in Indiana. In March, a judge ruled that authorities can go ahead with the Cicero auction in an attempt to recoup some of the $8.3 million she owes.

Real estate broker Harold Couture said — based on the 32 groups of people who went through the house Sunday — this week’s auction should be well-attended.

“For these days and times, that could mean 10 to 15 people who are seriously interested,” Couture said.

Loren-Maltese has told WMAQ-Channel 5 that she’d be willing to go to lunch with the winning bidder. She has also said she plans to show up at the auction, which takes place at the house, 3818 S. Austin, at noon on Thursday.

For more details, go to treas.gov/auctions/treasury/rp and click upcoming auctions or call (703) 273-7373. For more pictures of the house, go to suntimes.com.



© 2014 Sun-Times Media, LLC. All rights reserved. This material may not be copied or distributed without permission. For more information about reprints and permissions, visit www.suntimesreprints.com. To order a reprint of this article, click here.