Q1 real estate sales report: South Loop
From January to March, 155 homes sold in South Loop for a median price of $310,000. That's 12.7 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, 5 homes in South Loop were in foreclosure.
Median property tax for homeowners in South Loop was $4,050.02 in 2016 according to tax data from that year. That means homeowners pay 1.3 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.