Ex-Groupon CEO unloads mansion on Lake Michigan for $4M

Since being being fired last year as CEO of the Chicago-based company, Groupon co-founder Andrew Mason has been building a new life in San Francisco. So it’s only natural he’d have little use for the five-bedroom, Evanston, Ill., mansion he purchased for $3.8 million in August 2012.

Mason’s timing is fortuitous. With the housing market on the rebound, he put the 4,963-square-foot home — which has 185 feet of frontage on Lake Michigan — on the market for $4.2 million in September. The deal closed last month for $4.07 million, the Chicago Tribune reports. Mason still owns a condo in Chicago that he paid nearly $1 million for in 2010. Source: chicagotribune.com.