From January to March, 11 homes sold in Heart of Chicago for a median price of $350,000. That's 47.9 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 3 homes in Heart of Chicago were in foreclosure.
Median property tax for homeowners in Heart of Chicago was $5,203.41 in 2016 according to tax data from that year. That means homeowners pay 2 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.
Heart of Chicago real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
9
$228,150
-
2010
17
$193,800
-15.1%
2011
12
$136,448
-29.6%
2012
10
$138,975
1.9%
2013
8
$179,820
29.4%
2014
14
$157,940
-12.2%
2015
10
$219,950
39.3%
2016
18
$261,975
19.1%
2017
20
$236,640
-9.7%
2018
11
$350,000
47.9%
Median property tax
Median sale price
Effective property tax rate
2009
$3,869.57
$228,150
1.7%
2010
$4,663.96
$193,800
2.4%
2011
$3,651.27
$136,448
2.7%
2012
$3,292.11
$138,975
2.4%
2013
$3,902.36
$179,820
2.2%
2014
$3,733.59
$157,940
2.4%
2015
$3,975.10
$219,950
1.8%
2016
$5,203.41
$261,975
2%