Weekly Real Estate News
The childhood home of Muhammad Ali in Louisville, Kentucky, has been listed for sale at $1.5 million as part of a three-property parcel.
According to an Associated Press report, the boxing champion was still living in the 3,363-square-foot pink house when he gained world attention through his gold medal-winning performance in the 1960 Rome Olympics. Las Vegas real estate investor Jared Weiss bought the house in 2012 for $70,000 when it was in a vacant and dilapidated state.
The house, which was built in 1920, features two bedrooms and one bathroom. It was turned into a museum devoted to Ali following the boxer’s death in 2016; one of the adjacent houses listed in the sale functioned as a welcome center and gift shop for the museum while the other was meant to be used for short-term rentals. However, the museum ran into financial problems closed after less than two years of operation.
George Bochetto, a Philadelphia attorney and former Pennsylvania state boxing commissioner who co-owns the properties, is eager for a new buyer to maintain the site as a museum.
“This is a part of Americana,” said Bochetto. “This is part of our history. And it needs to be treated and respected as such … I want to make sure that it continues in that fashion and never goes back to where it’s abandoned or dilapidated. That should never have happened.”
Photo courtesy of Zillow
