The northwest-sider was exploring a run for mayor of Chicago, but last week cancelled those plans because he said he's in line for a congressional leadership post in the new Democratic-controlled Congress.
From this morning's Chicago Sun-Times:
Rep. Luis Gutierrez got a deal on a riverfront town house built by Antoin "Tony" Rezko, a developer and prominent political fund-raiser now under indictment for an alleged kickback scheme involving state pension funds.
Gutierrez paid $434,900 three years ago for the town house along the Chicago River just north of Diversey. That's far less than his neighbors paid for any of the other riverfront town houses in the development, records show.
Gutierrez no longer lives there. In March, he sold the town house for $610,000 -- a 40 percent profit.
Only two other original owners have sold their riverfront town houses -- one paid $535,000 and sold it for $650,000, a 21 percent profit; the other paid $622,000 and sold it for $662,000, a 6 percent profit.
As with the Obama and Blagojevich situations, Rezko is a past contributor to Gutierrez' campaign funds, and Luis has been friends with Rezko for years.
For certain, Congressman Gutierrez won't be the last Democratic politician embarrassed by ties to Rezko.
Technorati tags: Obama National politics Politics Barack Obama Illinois News Tony Rezko Democrats real estate Luis Gutierrez Blagojevich Corruption Congress
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