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UPDATE: Valuable Stradivarius violin recovered by Milwaukee police

MILWAUKEE (WTAQ) - Milwaukee Police have recovered the 300-year-old Stradivarius violin stolen in a late night robbery last Monday night.

WTMJ-TV said one of the suspects arrested in the heist took police to a house on Milwaukee's east side Wednesday night, where the rare instrument was being held.

It's said to be in good condition, stored at Milwaukee Police headquarters. Officials are expected to say more about the recovery later Thursday.

Prosecutors announced Wednesday that the three people -- a 36-year-old man, and a 41-year-old man, and a 32-year-old woman -- are facing possible charges in the robbery. The district attorney's office said a decision on those charges won't come until later Thursday at the earliest.

Concert master Frank Almond had the unique Lipinski Stradivarius stolen soon after he performed with it during a January 27th concert at Wisconsin Lutheran College.

The Journal Sentinel said the 41-year-old suspect was accused of stealing a $25,000 statue from a downtown Milwaukee art gallery in 1995 -- and he then tried selling it back to the gallery's owner in '99. He was convicted of receiving stolen property.

(Story courtesy of Wheeler News Service)