Real Estate
Groupon Co-Founder Eric Lefkofsky Purchases Glencoe Home For $8.3M: Report
The billionaire entrepreneur is expanding his property in Glencoe with the recent purchase of a 1.83-acre, one-story home.
GLENCOE, IL — Billionaire and Groupon co-founder Eric Lefkofskypaid $825 million to buy a one-story home in Glencoe that adjoins property the entrepreneur already owns.
The 1.83-acre property sits along Lake Michigan and was purchased in late August, according to the Chicago Tribune. Previously, the property belonged to the late Richard Don, who died in 2005, and his widow, Arlene.
The Dons' son managed the sale on behalf of his family.
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LefKofsky, 56, is best known for founding Tempus AI and co-founding Groupon, Echo Global Logistics and InnerWorkings. In 2014, he paid $19.5 million in cash to buy a 16,304-square-foot mansion and 4.3 -acre lakefront property in Glencoe.
According to the Tribune, Lefkofsky bought the adjoining property through the same Delaware limited liability company that sold him his original home.
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Read more from the Chicago Tribune: Tech entrepreneur Eric Lefkofsky buys Glencoe home for $8.3M
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