ELITE STREET | By Bob Goldsborough | Former Chicago Cubs pitcher Ted Lilly on Tuesday cut the asking price of his five-bedroom, 5,400-square-foot house just west of Wrigley Field from $2.4 million to $2.1 million. Lilly, 34, was traded by the Cubs to the Los Angeles Dodgers in late July.

In September, Elite Street broke the news of Lilly informally placing the home on the market for $2.4 million. On Tuesday, however, Lilly both reduced its asking price and for the first time placed it in the multiple listing service at the new, lower price.

Built in 2006, Lilly’s brick and limestone house sits on a corner lot and has six bedrooms, 4 1/2 baths, a wine cellar, a wide limestone center entrance, a large gourmet kitchen, two roof decks, an attached 2.5-car heated garage and a private rear yard. He paid $2.15 million to purchase the home in early 2007, meaning he now expects to take a loss on the sale of the property.