Quantcast

Chicago City Wire

Friday, January 10, 2025

13 homes sold in Greektown with a median residential property valuation of $3,620 in 2023

Webp lzwbwec7uw1uav6y1j5hmgf6aba8

Dan Ganzer, Chairperson, Village of Lemont Heritage Corridor & Outdoor Recreation Commission | Linkedin

Dan Ganzer, Chairperson, Village of Lemont Heritage Corridor & Outdoor Recreation Commission | Linkedin

Greektown's residential property owners experienced a rare decrease of 19.5% in average property tax in 2023 compared to the previous year, defying the usual upward trend, according to BlockShopper.com.

Throughout 2023, the neighborhood recorded 13 residential property valuations, reaching a median value of $3,620 in Greektown. In the previous year, there were 32 residential property assessments, with a median valuation of $3,310.

In 2023, the residential property with the highest valuation in Greektown was located at 770 W GLADYS AVE, valued at $40,477. The second and third highest valuations were at 770 W GLADYS AVE and 770 W GLADYS AVE, valued at $38,225 and $37,104, respectively.

Property tax assessments in South suburban Cook County have skyrocketed, with some homeowners facing increases up to 650%. This has led to widespread concern, as articulated by Jami Flaws from Lyons Township, who fears such hikes will force many from their homes. Residents say the tax assessment increases don't match the market values of their homes.

"We probably won't be able to sell our homes because they aren't even close to what the assessment says," Flaws said.

Due to privacy and security concerns, some addresses were not fully disclosed.

For accurate comparisons, property valuations prior to 2023 have been adjusted using average CPI inflation to reflect 2023 dollars.

Top 10 Residential Property Valuations in Greektown, Year-over-Year Comparison

OwnerAddress2023 Valuation2022 Valuation
Mmathew Sicillano770 W GLADYS AVE, Chicago, IL 60661$40,477$38,397
Jack Lambert770 W GLADYS AVE, Chicago, IL 60661$38,225$36,508
Ahmad Zaidi770 W GLADYS AVE, Chicago, IL 60661$37,104$35,249
Gerald Wolmarans770 W GLADYS AVE, Chicago, IL 60661$34,850$33,360
Mohamed Abdelli and Nuno Reis770 W GLADYS AVE, Chicago, IL 60661$32,596$31,682
Ymelda A. Kratky812 W VAN BUREN ST, Chicago, IL 60607$4,126$3,386
Danielle Decosmo812 W VAN BUREN ST, Chicago, IL 60607$4,126$3,386
David Paul Dyson and Mara Kathleen Berkland812 W VAN BUREN ST, Chicago, IL 60607$4,126$3,386
Jay Z. Yuan, Leah Yuan, and Qinghua Guo125 S GREEN ST, Chicago, IL 60607$3,418$3,597
Shaohang Yuan125 S GREEN ST, Chicago, IL 60607$3,418$3,597

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS