Hedge fund founder bulks up Kenilworth investment, buys adjacent mansion for $2 million
Dmitry Balyasny, the founder and chief investment officer of Chicago-based hedge fund Balyasny Asset Management, earlier this month paid $2.025 million to expand his spread on Lake Michigan in Kenilworth.
In 2014, Balyasny paid $6.2 million for a four-bedroom, 4,249-square-foot Colonial Revival-style house on a 0.91-acre, lakefront parcel on a private lane. Now, he has added to his property by paying $2.025 million through a land trust on Aug. 1 to buy a 4,000-square-foot house lying between his previous purchase and Sheridan Road.
Built in 1964 and designed by architect Jerome Cerny, the house he just bought has a large foyer, a curved staircase, 10-foot ceilings, a kitchen designed by de Giulio Kitchen Design, a family room with a fireplace and a wet bar, a master suite with a new bath, two second-floor balconies and a lower level with a playroom and a workout room. Outside on the half-acre parcel are a circular driveway, a wraparound bluestone patio and a formal crushed gravel courtyard.
According to Kenilworth village records, Balyasny is proposing an addition to the house he purchased in 2014. He also is proposing to resubdivide his combined properties.
Via email, Balyasny on Sunday declined to comment.