State Treasurer Mike Frerichs buys $1.4M Lakeview home

Illinois State Treasurer Mike Frerichs and his wife, Erica, on April 27 paid $1.37 million for a five-bedroom, 4,026-square-foot all-brick house in Lakeview.

A Downstate native, Frerichs has been the state’s treasurer since 2015. He married his second wife, Erica Baker, last year.

Frerichs previously had been based in the Champaign area.

“I got remarried last year, and my wife has a job in Chicago and we have a growing family,” Frerichs told Elite Street in a phone interview. “So we were looking for a new house and we really liked the (Lakeview) neighborhood. I’ve been commuting (to Chicago) for the last few years, and we got engaged, and my wife had a nice place in West Town, but it was not big enough for the growing family. It had an awful lot of stairs, which gave us a great view of the city, but which are not conducive to having a growing family.”

In Lakeview, the couple’s new house was built in 2007. It has a limestone front porch, a living room with a gas fireplace, a dining room with coffered ceilings, 10-foot ceilings on the first floor, and a kitchen with a 48-inch, JennAir double oven range, a Sub-Zero refrigerator, an island work station and a walk-in pantry with built-in organizers.

The house also has a lower level with nine-foot ceilings and a wet bar with a sink, a walnut staircase to the second floor, vaulted ceilings on the second floor, a primary bedroom suite with a private balcony and a bathroom with an oversized air jet tub, heated floors and a dual sink vanity.

The house first had been listed in September for $1.5 million and then was reduced to $1.47 million in December and to $1.42 million in February.

The house had a $23,985 property tax bill in the 2021 tax year.

Goldsborough is a freelance reporter.

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