Rod Blagojevich House Sale - Bail Set $450K

By: , NewsOXY Reporter
07/17/2011 10:00 AM ET

Rod Blagojevich has listed his Chicago house for sale amid costs of his corruption trial and subsequent conviction continued to grow. Blagojevich shares the home with his wife and family.

A judge set bail Friday at $450,000 for the former Illinois governor and ordered him to use the Chicago residence and another property in Washington, D.C., as collateral -- at which point Blagojevich indicated that the Illinois home was already on the market.

"If anyone's watching this and is interested in a nice house in Ravenswood, contact the Blagojeviches," the former governor's attorney, Sheldon Sorosky, told reporters after the hearing.

Blagojevich and his wife, Patti, bought the extensively-renovated 1920s house in Ravenswood Manor for $505,000 in 1999. A new asking price was not yet made public.

US District Judge James B. Zagel told Blagojevich that he would have the home seized if he attempted to flee the state, according to court documents.

"I have no intention of violating the bond," Blagojevich responded.

According to the Chicago Sun-Times, Blagojevich could face up to 300 years in prison, but experts said that his sentence was likely to be closer to 10 years. No sentencing date was yet set.

Last month's verdicts came more than two years after Blagojevich, 54, was arrested by federal agents.

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