The home at 850 W. Margate Terrace 5A, Chicago was sold on Sept. 2 by Parkway Bank & Trust Co. (trustee) and 11323 for $2,426,500. The buyer was 850 Margate LLC.
The property tax paid for this property in 2019 was $1,927.96. This is 0.08% of the sale price of the home.
This home last sold for $59,000 on April 29, 1999.
This property is one of 10 sales so far in Uptown 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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