From October to December, 52 homes sold in South Chicago for a median price of $76,000. That's 6.4 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 4 homes in South Chicago were in foreclosure.
Median property tax for homeowners in South Chicago was $2,793.25 in 2017 according to tax data from that year. That means homeowners pay 3.9 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
South Chicago real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
75
$26,910
-
2010
57
$28,500
5.9%
2011
52
$30,510
7.1%
2012
47
$27,250
-10.7%
2013
60
$28,350
4%
2014
57
$42,400
49.6%
2015
66
$36,040
-15%
2016
67
$48,825
35.5%
2017
77
$71,400
46.2%
2018
52
$76,000
6.4%
Median property tax
Median sale price
Effective property tax rate
2009
$2,425.93
$26,910
9%
2010
$2,534.72
$28,500
8.9%
2011
$2,649.14
$30,510
8.7%
2012
$2,151.16
$27,250
7.9%
2013
$2,000.21
$28,350
7.1%
2014
$2,477.06
$42,400
5.8%
2015
$2,489.43
$36,040
6.9%
2016
$2,766.75
$48,825
5.7%
2017
$2,793.24
$71,400
3.9%
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