From October to December, 17 homes sold in Heart of Chicago for a median price of $325,000. That's 2 percent lower than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 1 home in Heart of Chicago was in foreclosure.
Median property tax for homeowners in Heart of Chicago was $4,932.31 in 2017 according to tax data from that year. That means homeowners pay 1.5 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.
Heart of Chicago real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
16
$152,393
-
2010
7
$159,600
4.7%
2011
8
$75,145
-52.9%
2012
14
$111,725
48.7%
2013
22
$139,590
24.9%
2014
18
$200,870
43.9%
2015
22
$212,795
5.9%
2016
15
$242,025
13.7%
2017
21
$331,500
37%
2018
17
$325,000
-2%
Median property tax
Median sale price
Effective property tax rate
2009
$3,923.90
$152,393
2.6%
2010
$4,964.65
$159,600
3.1%
2011
$5,061.50
$75,145
6.7%
2012
$3,961.14
$111,725
3.5%
2013
$3,751.22
$139,590
2.7%
2014
$3,777.64
$200,870
1.9%
2015
$4,261.21
$212,795
2%
2016
$4,195.33
$242,025
1.7%
2017
$4,932.31
$331,500
1.5%
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