On Sept. 28, Christopher L. and Elizabeth L. Jones sold their home at 1111 S. Wabash Ave. 1001, Chicago to Nishika Ramchandan for $370,000.
In 2019, the property tax paid for this property was $6,524.97, which is 1.76% of the sale price of the home.
This home last sold on Oct. 12, 2007 for $450,000.
This property is one of 95 sales so far in South Loop in September 2021.
This story was found on BlockShopper.com.
Paul Vallas criticizes Cook County’s property tax system for disproportionately affecting residents while benefiting political figures.
A rise in property taxes for Chicago homeowners is linked to companies leaving downtown due to safety concerns and economic challenges.
There were 380 reported residential sales in Cook County in the week ending Oct. 18, according to BlockShopper.com.
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