The home at 1400 E. 55th St. 905S, Chicago was sold on Sept. 28 by Cindy Qingdai Tam for $123,000. The buyer was Chandra Lamorrial Libby.
In 2019, the property tax paid for this property was $816.26, which is 0.66% of the sale price of the home.
This home last sold for $85,500 on Oct. 19, 2015.
So far in September 2021, 54 properties sold in Hyde Park.
This story was found on BlockShopper.com.
BlockShopper.com reports the effective property tax rate in Chicago’s Gold Coast grew from 1.3% in 2016 to 1.8% in 2025, a rise of 0.5 percentage points over a decade.
Homeowners in Ashburn, a Chicago neighborhood, paid property taxes equal to 1.6% of their home values in the fourth quarter of 2025, putting them at more than 1.8 times higher than the national average, BlockShopper.com reported.
River North, a neighborhood in Chicago, saw its effective property tax rate increase by 0.5 percentage points over a 10-year period, reaching 1.8% in 2025 from 1.3% in 2016, according to BlockShopper.com.
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