Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Storage Acquisition Company, L.L.C.
 2. Date of Event Requiring Statement (Month/Day/Year)
12/13/2004		 3. Issuer Name and Ticker or Trading Symbol
HOME PRODUCTS INTERNATIONAL INC [HOMZ]
(Last)
(First)
(Middle)
C/O EQUITY GROUP INVESTMENT LLC, TWO NORTH RIVERSIDE PLAZA, SUITE 600		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHICAGO, IL 60606		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share 7,365,360 (1)
I (2)
See Footnote (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Storage Acquisition Company, L.L.C.
C/O EQUITY GROUP INVESTMENT LLC
TWO NORTH RIVERSIDE PLAZA, SUITE 600
CHICAGO, IL 60606		     X    
EGI FUND 02 04 INVESTORS LLC
C/O EQUITY GROUP INVESTMENTS
2 N RIVERSIDE PLZ
CHICAGO, IL 60606		     X    
EGI MANAGING MEMBER 02 04 LLC
EQUITY GROUP INVESTMENTS LLC
2 N RIVERSIDE PALZA STE 600
CHICAGO, IL 60606		     X    
SZ INVESTMENTS LLC
TWO NORTH RIVERSIDE PLAZA
CHICAGO, IL 60606		     X    
CHAI TRUST CO LLC

 		     X    
ZELL GENERAL PARTNERSHIP INC

 		     X    

Signatures

/s/ Donald J. Liebentritt, Vice President of Storage Acquisition Company, L.L.C. 12/15/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person is a member of a Section 13(d) group that owns more than 10% of the issuer's outstanding common stock.
(2) These shares are directly beneficially owned by Storage Acquisition Company, L.L.C. ("SAC"), and indirectly beneficially owned by each of (i) EGI-Fund (02-04) Investors, L.L.C., the sole managing member of SAC ("EGI Fund 02-04"), (ii) EGI-Managing Member (02-04), L.L.C., the managing member of Fund 02-04 ("EGI Managing Member"), (iii) SZ Investments, L.L.C., the managing member of MM ("SZI"), (iv) Zell General Partnership, Inc., the manager of SZI ("ZGP"), and (v) Chai Trust Company, L.L.C., the indirect owner of SZI ("Chai"). Each of EGI Fund 02-04, EGI Managing Member, SZI, ZGP and Chai disclaims beneficial ownership with respect to all shares held of record by SAC, except to the extent of its pecuniary interest therein.

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