New owner set to close on R. Kelly's former mansion

March 31, 2011 2:41:29 PM PDT
The Chicago mansion formerly owned by singer R. Kelly is under contract and set to close on Saturday.

The property is an 1885 church that was converted into a private residence in the Lakeview neighborhood.

R. Kelly sold the property for $2.5 million back in 2002. It has changed hands a few times since.

The selling price is not known, but the mansion is listed at $3.5 million.

The real estate agent says the new buyer is a young, high-profile CEO.