On March 23, Michael Benford purchased a two bedroom, two bathroom home at 1243 S. Wabash Ave. 402, Chicago from Mark Gannon and Cynthia Brookhart Riggs for $420,000.
The amount paid for property taxes on this property in 2020 was $7,751.03, 1.85% of the sale price of the home.
This home last sold for $365,000 on July 18, 2013.
So far in March 2022, nine properties sold in South Loop.
This story was found on BlockShopper.com.
Homeowners in Calumet Heights, a Chicago neighborhood, paid property taxes equal to 1.2% of their home’s value during the fourth quarter of 2025, surpassing the national average by more than 1.3 times, BlockShopper.com reports.
Homeowners in Marquette Park, a Chicago community, paid property taxes equal to 1.1% of their home’s value during the fourth quarter of 2025—over 1.2 times higher than the national average, according to BlockShopper.com.
During the fourth quarter of 2025, homeowners in Hegewisch, a Chicago neighborhood, paid property taxes amounting to 1.1% of their home values, exceeding the national average by more than 20%, as reported by BlockShopper.com.
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