Obama’s Neighbors Trying to Sell

President Barack Obama’s next-door neighbors in Chicago, Bill and Jacky Grimshaw, are trying to sell their house.

Matt Garrison of the Matt Garrison Group, which listed the property, would not specify the listing price. He said the sale price will ultimately be determined by “the Obama factor.”

The 17-room brick home located in the Hyde Park neighborhood last sold in 1973 for $35,000. Homes in the area now sell for between $1 million and $2.5 million.

In order to view the property, interested buyers must demonstrate that they can afford to spend at least $1.5 million on a home and explain why they want to live there. People who pass the initial screening also must be investigated by the Secret Service before a showing can be arranged.

Source: Chicago Tribune, Mary Ellen Podmolik (09/12/2009)