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Theo Epstein purchases Chicago home

The Chicago Cubs' new president of baseball operations recently purchased a home in the Lakeview neighborhood in Chicago.

The Chicago Cubs' new president of baseball operations recently purchased a home in the Lakeview neighborhood in Chicago.

The new president of baseball operations for the Chicago Cubs, 37-year-old Theo Epstein, has found a home in the Lakeview neighborhood just block away from Wrigley Field.

Epstein recently paid $3.25 million for a 7,800-square-foot house that had been on the market since late in 2010, listed for close to $3 million.

Epstein bought the house through a bank trust in late October and likely had upgrades installed, which would be an explanation for the higher sale price, the Chicago Tribune reported.

According to the Tribune, public records show that Chicago Blackhawks player Patrick Sharp also tried to purchase the home, signing a contract for it on September 15, but cancelled the contract October 21, just five days before Epstein closed on it.

The house sits on a 37-square-foot lot and has six bedrooms, five full bathrooms, two half-bathrooms and four fireplaces. In addition, the house also has a four-car garage attached, hand-carved limestone facade and an eat-in kitchen.

Moving trucks will likely be moving Epstein's possessions from Beantown to his new Windy City home soon, as he left the Boston Red Sox for the Chicago Cubs after signing a contract for $18.5 million over five years.

According to Zillow, the average home value in Chicago is $174,700.