Frank Diliberto Tapped to Auction Sumptuous Mansion in Chicago Suburb on August 31st

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Diliberto Real Estate Services Conducts Open Cry Auction of 10749 Cherrywood Drive in Palos Park, Illinois.

frank diliberto

10749 Cherrywood Drive

Cherrywood Drive is the ideal place to raise a family or enjoy a retreat from the busy urban activity of Chicago, while being just outside Chicago

A magnificent, stately mansion designed by well-known builder David DePaulo, situated only 30 minutes from Downtown Chicago in the community of Palos Park, Illinois, will be offered at auction to the highest bidder on Friday, August 31st through Chicago-based Diliberto Real Estate Services, LLC.

The auction of the residence, originally priced to $1.8 million, will take place within the home, which is situated in the secluded, wooded, Palos Park community at 10749 Cherrywood Drive, commencing at 7pm.

“Homebuilders across the country are once again turning to the auction process to capture those new buyers entering the market,” said Frank Diliberto, president of Diliberto Real Estate Services. “The auction process provides a competitive edge because it’s hard to compete with the vast advertising initiative that’s implemented,” added Diliberto.

The two-story, four+/six-bedroom, four and a half bath, 6,000-square-foot, brick and stone family home is situated on a one-acre cul de sac. The majority of the home’s eleven rooms overlook Azure Lake. Other exclusive features include a boat dock; three decks and a covered patio; custom multiple tray ceilings; gas fireplaces in the kitchen, family room and master bedroom; a gourmet kitchen with 15’ island; granite countertops and Viking appliances.

The walk-out lower level creates a vacation-like home ambiance, complete with cobbled stone patios and archways, overlooking the lake for boating in summer and ice skating in winter. The attached four-car garage has a finished loft that could accommodate two additional bedrooms. The area is served by top schools in the state.

Established in 1909, the 13,000-acre Forest Preserve District of Palos Park is the largest and most diversified preserve on the outskirts of Chicago. More than 4,700 residents enjoy close proximity to the hilly, wooded, terrain featuring creeks and caves, ravines, ponds and springs. The Preserve’s roots go back to 1871 when noted architect Daniel Burnham, charged with rebuilding Chicago after the fire of 1871, had the vision to create a ‘green belt’ recreational area just outside the City. The preserve offers over 100 miles of paved bicycle trains and over 200 miles of hiking/walking trails, cross country skiing, horseback riding, canoeing and rowing on Tampier Lake and kayaking, canoeing and fishing in Saganashkee Slough.

Nestled in Cook County, only 19 miles southwest of Chicago, downtown is easily accessed via expressway and metra rail. Route 83 takes residents north Oakbrook for shopping and dining, while South LaGrange Road leads to the commercial districts in Orland Park.

In this classic setting, 10749 Cherrywood Drive is prominently positioned on a lot that abounds with natural flora and fauna, populated by chipmunks and wide variety of local birds.

"Cherrywood Drive is the ideal place to raise a family or enjoy a retreat from the busy urban activity of Chicago, while being just outside Chicago,” added Mr. Diliberto.

Bidders are welcome to attend open houses to view the premises on three consecutive Sundays: July 29th, August 5th and August 12th. For further information about the forthcoming auction, including how to qualify, terms of sale, bidders packages and other details, please contact Diliberto Real Estate Services main office in Chicago: 855.460 BIDS (2437).

Diliberto Real Estate Services, LLC
Diliberto Real Estate Services, LLC, is a leading real estate and financial advisory firm with a 23-year specialty in real estate auctions. With over 140 combined years of experience and in excess of $5 billion in transactional and sales volume, the firm has maintained a leading role in the mainstreaming of real estate auctions in their use by corporate, private and public sellers of real estate across the globe.

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Melanie Keenan
Rubenstein Associates, Inc.
212 843-8092
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