Aramis Ramirez takes big loss on Lake Shore Drive condo

    The housing recovery didn’t arrive in time for former Chicago Cubs and current Milwaukee Brewers slugger Aramis Ramirez, who unloaded his Lake Shore Drive condominium this month at a 27 percent loss.

    The two-time All-Star third baseman sold the three-bedroom unit at 1440 N. Lake Shore Drive for $680,000, according to multiple listing service data from Midwest Real Estate Data LLC. The 2,300-square-foot condo offers Lake Michigan and skyline views and includes a kitchen and separate dining room, built-in window seating, master suite and in-unit laundry, according to a listing.

    Records show Mr. Ramirez, who spent nearly nine seasons with the North Siders, paid $937,500 for the condo in 2005.

    Read more in Crain’s Chicago Business.

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