The former home of Groucho Marx, the cigar-chomping, round-glass-wearing comedian of the 1920s, is up for sale in Long Island, N.Y. you too could own the five-bedroom, 3,800-square-foot home built in 1926. Marx paid a scant $27,000 for it in 1926 (roughly $465,000 in 2023 dollars) and lived there for a few years before selling and relocating to the budding Hollywood scene on the West Coast. Had Marx stayed in his home and ultimately gifted it to his children, how would his investment have performed over the years? Like many of those interested in real estate, I was curious to see how the numbers worked out. An investment purchased…
