Real estate investor sells new Southport home

Thomas and Sinead McHugh sold their five-bedroom, 5.1 bath Lincoln Park home at 2306-08 N. Southport for $1.88 million to Kathleen Nowlin on Aug. 24.

The McHughs paid $336,000 for the property at 2306 N. Southport and $635,000 for the land at 2308 N. Southport in Aug. 2002. The home was built by Madison Oxford Developers of Chicago.

Nowlin, 55, is the daughter of Robert Kirby, a former defense lawyer for the Illinois Central Railroad and executive vice president and general counsel for Illinois Central Industries. Kirby passed away in Sept. 2004 at the age of 79.

McHugh, 39, formerly worked as director of the Investment Services Group at the Chicago office of Transwestern, a real estate market research firm. He was a principal with Julian, Toft & Downey before Transwestern bought the company in 2001.

Previously, McHugh was an investment analyst for Richard Ellis and has held positions at Kemper Financial Services, Inc., United Biscuits (Holdings), U.S. Ltd., and Price Waterhouse. He has a B.S. in accounting from Boston College and an M.A. from the University of Wisconsin-Madison. The CPA has an Illinois real estate broker license.

Address: 2306 North Southport Avenue
Buyer(s): Kathleen Nowlin
Seller(s): Sinead M McHugh and Thomas J McHugh
Sale date: Aug. 24, 2006

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