The gated, 16-room mansion built by Grammy Award-winning R. Kelly in 1997 in suburban Olympia Fields is officially on the market.

Kelly, 44, is selling the mansion, part of a $2.9 million foreclosure lawsuit, for $1.595 million. Kelly reportedly failed to make mortgage payments on the property at 2945 Maros Ln. since June 2010.

JPMorgan Chase filed a foreclosure suit on the Maros Lane mansion in July. The home’s appraised value went from an estimated $5.2 million to $3.8 million in the span of a year.