Indicted Teamsters labor boss bought $1.1M Lincoln Park home in'14
A labor leader charged with extorting $100,000 from a local business paid more than $1 million for a Lincoln Park home in 2014.
Two weeks after selling their longtime home in the northern suburbs, John T. Coli and his wife, Joann, paid $1.090 million for 1226 W. George on Sept. 12, 2014, public records show.
The newly-remodeled, Prairie-style single-family home is 3,600 square feet, has four bedrooms and 3.5 baths, according to its for sale listing. It is in Lincoln Park's Southport Corridor.
Coli sold his house at 209 Annapolis Drive in Vernon Hills' Deerpath subdivision for $407,000 on Aug. 26, 2014.
The July 12 indictment charges Coli with with attempted extortion and accepting prohibited payment as a union official. It alleges he received $25,000 quartely payments from a company, "induced by the wrongful use of fear of economic loss from threatened work stoppages and other labor unrest unless such cash payments were made."
If Coli is convicted, he will have to forfeit $100,000 or his Lincoln Park home.
Coli served as International Vice President of the Central Region for the International Brotherhood of Teamsters from 2006 to 2017 and as has been Secretary-Treasurer of Teamsters Local Union 727 since 2000.