Isley Brother Buys R. Kelly’s Mansion

The home sold for a fraction of its former value.

Rudolph Isley of the Isley Brothers is the new owner of R. Kelly’s former Olympia Fields mansion, reports the Chicago Tribune.

The 74-year-old Isley and his wife, Elaine, recently purchased Kelly’s massive 14,500-square-foot home for $587,500—far less than the $1.6 million listing price in 2011or the $5.16 million it was once worth.

CLICK: See photos of Kelly’s mansion

The home is in “pretty bad” shape, however, with some estimating $500,000 worth of repairs needed.

J.P. Morgan Chase had previously purchased the property in March following Kelly’s foreclosure

Your turn: Did Isley get a fair deal?

Juvenal December 05, 2013 at 05:44 PM
I believe I read the taxes on the property were over $100k a year. No way some has been singer can afford to Maintain it; it will be in foreclosure again within three years


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