This image is of George K. Spoor, founder of the Essanay Studios once located on Argyle. It was taken in 1953 from his home at 903 Argyle. This would have been the year he died.
A biography from Wikipedia:
George Kirke Spoor (December 18, 1872 – 24 November 1953) was an early film pioneer who, with Broncho Billy Anderson, founded Essanay Studios in Chicago in 1907.
Spoor and Anderson were responsible for discovering stars such as Wallace Beery, Francis X. Bushman, Ben Turpin, Gloria Swanson, and Charlie Chaplin. Allan Dwan, who was hired as a screenwriter, went on to become a famous Hollywood director. Louella Parsons, also hired by Spoor as a screenwriter, later became a famous Hollywood gossip columnist.
In 1894, while box office manager of the Phoenix Opera House in Waukegan, Illinois, George K. Spoor teamed with inventor Edward Hill Amet (1860-1948) to build and exhibit The Magniscope, the first practical 35mm movie projector ever designed and used in a large audience display. Spoor and Amet made films and distributed them with this device before the 1895 device by the Lumiere Brothers of France. Thomas Edison's more famous Kinetoscope was exhibited in 1891, but was only able to be viewed by one person at a time through a peephole.
Spoor and Amet are credited for having filmed: the world's first newsreel, a film of the first Inauguration of President William McKinley in 1897; the first use of film miniatures (The Battle of Santiago Bay) in which tin replicas and cigar smoke created the illusion of live war footage; the first to experience local censorship (due to the graphic images of China's Boxer Rebellion); and even the first "fake newsreel" in which Spoor used neighbors to act out battles such as the Battle of San Juan Hill in a local park.
In 1926, Spoor and inventor P. John Berggren invented Natural Vision, an early 65mm widescreen process which was only used to film four movies, including Danger Lights (RKO, 1930). The trademark Natural Vision was later used for an unrelated system of making 3-D films in 1953.
In 1948, Spoor received an Oscar, specifically an Academy Honorary Award for his contribution to developing motion pictures as entertainment.
He died on 24 November 1953.
The image is available here: George K. Spoor