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MAR 18, 2013 - Chicago Sun-Times

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R. Kelly’s Olympia Fields mansion auctioned for $950,000

R&B artist R. Kelly’s suburban Olympia Fields mansion, once valued at $5.16 million, was sold at auction Monday for $950,000 as part of foreclosure proceedings on the residence. J.P. Morgan Chase, which held the mortgage on the property, offered the one and only bid in what was a 15-second auction on the south suburban property. In fact, Chase — as the plaintiff in the foreclosure lawsuit — set the opening bid at $950,000. Last year, the lender stated in court files that Kelly still owed more than $2.9 million on the property. In March 1999, Chase gave Robert S. Kelly …

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