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Chicago City Wire

Wednesday, July 23, 2025

Chinatown home prices rise in 2017

Realestate1

The median sale price of a home sold in 2017 in Chinatown, a Chicago neighborhood, rose by $49,000 while total sales increased by 14.3%, according to BlockShopper.com.

From January through December of 2017, there were 40 homes sold, with a median sale price of $274,000 - a 21.8% increase over the $225,000 median sale price for the previous year. There were 35 homes sold in Chinatown in 2016.

The median sales tax in Chinatown for 2017 was $4,063. In 2016, the median sales tax was $3,907. This marks an increase of 4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares Chinatown to other Chicago neighborhood with similar median sales prices in 2017:

NeighborhoodJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Jefferson Park3933706.2%$290,000$281,5003%
Kenwood113117-3.4%$290,000$225,00028.9%
Albany Park6205934.6%$286,000$266,0007.5%
Big Oaks978218.3%$281,000$274,0002.6%
Beverly 28223520%$274,500$269,5001.9%
Chinatown403514.3%$274,000$225,00021.8%
O'Hare1221201.7%$274,000$230,00019.1%
Union Ridge8485-1.2%$270,000$265,0001.9%
Heart of Chicago897617.1%$265,000$225,25017.6%
Oriole Park1181125.4%$260,000$234,50010.9%
Humboldt Park 535569-6%$255,000$258,000-1.2%

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