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R. Kelly Lists Estate as a Short Sale

In Celebs by LimeLife , on Wednesday, December 14, 2011, 1:46 PM (PST)
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He Believes The Home Will Fly Off the Market

R&B singer R. Kelly has listed his Chicago-area estate as a $1.595 million short sale.

The Grammy winner, who was cited in a $2.9 million foreclosure suit on the property over the summer, had tried to get the bank to modify his $3.5 million loan -- to no avail -- so now he's selling at a big loss.

Kelly, who's from Chicago originally, bought the home 22,000 square-foot home in 1999. It's on a private lot that's encompassed by a 12-foot high concrete and wrought-iron wall (?) and comes with many "Cribs" worthy amenities including a jungle-themed indoor pool and a movie theater.

Back in August, the "Bump N' Grind" singer sold another Chi-town area property for $2.74 million.

You can see the listing for the short-sale home, including photos of the property, on zillow.com.

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