On May 12, 2020, Julia Banducci and Jonathan Ottarson purchased a home at 1025 W. Monroe St. P-7, Chicago from Jessica B. Beringer (trust), Jessica B. Beringer (trustee), Daniel W. Beringer (trustee) and W. Beringer Daniel (trust) for $600,000.
The amount paid for property taxes on this property in 2018 was $599.65, 0.1% of the sale price of the home.
This home last sold on Oct. 21, 2014 for $499,500.
In May 2020, five properties sold in Near West Side.
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.
Sign-up for the Weekly Newsletter from Chicago City Wire.