Dan Ganzer, Chairperson, Village of Lemont Heritage Corridor & Outdoor Recreation Commission | Linkedin
Dan Ganzer, Chairperson, Village of Lemont Heritage Corridor & Outdoor Recreation Commission | Linkedin
During 2023, the latest valuation data available, the neighborhood recorded a total of 137 residential property valuations, culminating in a median property valuation of $37,199. Data shows this is a 61% decrease from the 351 registered in the previous year.
In 2023, the residential property with the highest valuation in River North was located at 415 W SUPERIOR ST, valued at $201,999. The second and third highest valuations were at 550 N KINGSBURY ST and 215 W ILLINOIS ST, valued at $139,399 and $122,608, respectively.
Chicago faced a 7.1% decrease in residential property taxes in 2021, with the 2023 median property valuation of $22,000 serving as a guideline.
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.
This story was found on BlockShopper.
| Neighborhood | Median Valuation (2023) | Median Valuation (2022) | Assessment Change % | Property Tax Change % |
|---|---|---|---|---|
| Magnificent Mile | $34,073 | $20,444 | 66.7% | 5.6% |
| Ravenswood | $55,859 | $44,311 | 26.1% | 19.9% |
| Oakland | $19,379 | $15,959 | 21.4% | -9.6% |
| Hegewisch | $14,820 | $12,540 | 18.2% | 10.3% |
| Pilsen | $55,860 | $48,062 | 16.2% | -1.1% |
| Wrigleyville | $66,073 | $57,169 | 15.6% | 11.8% |
| East Garfield Park | $19,379 | $17,099 | 13.3% | -1.4% |
| Dunning | $30,779 | $27,366 | 12.5% | -0.3% |
| Brighton Park | $22,800 | $20,551 | 10.9% | 13% |
| The Loop | $36,479 | $33,059 | 10.3% | 13.9% |
| West Pullman | $7,522 | $6,839 | 10% | -2.1% |
| West Englewood | $6,269 | $5,700 | 10% | -3.9% |
| Gold Coast | $42,817 | $38,987 | 9.8% | -6.6% |
| Greektown | $4,127 | $3,773 | 9.4% | -19.5% |
| Back of the Yards | $10,544 | $9,690 | 8.8% | 12% |
| River West | $47,414 | $43,595 | 8.8% | -59.9% |
| Roscoe Village | $80,939 | $74,452 | 8.7% | 2% |
| Edison Park | $43,320 | $39,900 | 8.6% | 4.7% |
| Logan Square | $53,662 | $49,833 | 7.7% | 2.9% |
| West Rogers Park | $33,059 | $30,780 | 7.4% | -2% |
| Chatham | $19,380 | $18,240 | 6.3% | -9.9% |
| North Center | $82,652 | $77,933 | 6.1% | -6.7% |
| Bridgeport | $42,180 | $39,900 | 5.7% | 8.1% |
| Forest Glen | $42,180 | $39,900 | 5.7% | 29.3% |
| Austin | $21,659 | $20,520 | 5.6% | -4.3% |
| Hyde Park | $22,799 | $21,659 | 5.3% | 7.4% |
| South Chicago | $11,400 | $10,830 | 5.3% | 6.9% |
| Washington Park | $22,799 | $21,659 | 5.3% | 11.8% |
| University Village / Little Italy | $38,949 | $37,264 | 4.5% | 2.7% |
| Washington Heights | $13,109 | $12,540 | 4.5% | 3.8% |
| McKinley Park | $27,360 | $26,220 | 4.3% | 6.4% |
| Buena Park | $23,939 | $22,980 | 4.2% | -0.1% |
| Mayfair | $43,319 | $41,609 | 4.1% | 13.7% |
| Belmont/Cragin | $29,640 | $28,499 | 4% | -0.5% |
| South Niles/Forest Preserve | $45,030 | $43,320 | 3.9% | 13% |
| Hermosa | $31,923 | $30,783 | 3.7% | 3.6% |
| Beverly | $33,059 | $31,920 | 3.6% | 3.2% |
| Albany Park | $38,760 | $37,620 | 3% | -0.7% |
| Goose Island | $51,531 | $50,047 | 3% | -3% |
| Humboldt Park | $35,209 | $34,279 | 2.7% | 0.8% |
| Irving Park | $49,020 | $47,880 | 2.4% | -6.8% |
| River North | $42,407 | $41,445 | 2.3% | -3.9% |
| Burnside | $12,492 | $12,238 | 2.1% | -6% |
| Ukrainian Village | $59,037 | $58,140 | 1.5% | -2% |
| West Town | $59,850 | $59,280 | 1% | 4% |
| West Loop | $34,280 | $33,999 | 0.8% | -0.4% |
| North Mayfair | $36,480 | $36,480 | 0% | -12.1% |
| Mount Greenwood | $25,080 | $25,080 | 0% | -2% |
| Portage Park | $36,479 | $36,480 | 0% | -4.9% |
| Englewood | $5,129 | $5,129 | 0% | -7.7% |
| Gresham | $14,819 | $14,820 | -0% | -7.1% |
| Wrightwood | $20,520 | $20,520 | 0% | -4.5% |
| Ashburn | $20,519 | $20,519 | 0% | -3.9% |
| Big Oaks | $34,206 | $34,206 | 0% | -1.3% |
| West Lawn | $21,660 | $21,660 | 0% | 2.8% |
| Garfield Ridge | $26,219 | $26,219 | 0% | -6.7% |
| Calumet Heights | $14,819 | $14,819 | 0% | -5.2% |
| Woodlawn | $18,239 | $18,239 | 0% | -6.7% |
| West Elsdon | $21,660 | $21,660 | 0% | -3.3% |
| East Side | $12,540 | $12,538 | 0% | -1.9% |
| South Deering | $6,840 | $6,840 | 0% | 7.4% |
| Gage Park | $18,239 | $18,240 | -0% | -7.9% |
| Little Village | $20,519 | $20,519 | 0% | -10.8% |
| Montclare | $27,360 | $27,359 | 0% | -2.1% |
| Marquette Park | $17,100 | $17,100 | 0% | -10.8% |
| South Shore | $12,539 | $12,540 | -0% | -13.1% |
| Clearing | $23,940 | $23,940 | 0% | -0% |
| Chicago Lawn | $17,100 | $17,100 | 0% | 0.5% |
| Union Ridge | $34,203 | $34,203 | 0% | -11.6% |
| Ashburn | $20,520 | $20,520 | 0% | 5.6% |
| Sauganash, Forest Glen | $34,200 | $34,200 | 0% | -0.6% |
| Oriole Park | $32,496 | $32,528 | -0.1% | 5.8% |
| Streeterville | $44,131 | $44,459 | -0.7% | 2% |
| Galewood | $26,220 | $26,475 | -1% | -0.1% |
| North Park | $37,623 | $38,128 | -1.3% | -5% |
| Near West Side | $39,488 | $40,324 | -2.1% | 4.7% |
| Bucktown | $64,980 | $66,347 | -2.1% | -2.2% |
| Sauganash | $45,582 | $46,740 | -2.5% | -1.7% |
| Norwood Park | $37,620 | $38,760 | -2.9% | -9.9% |
| Old Town | $30,779 | $31,921 | -3.6% | -13.1% |
| Wicker Park | $68,102 | $70,677 | -3.6% | -5.7% |
| Edgebrook | $57,192 | $59,387 | -3.7% | -8.6% |
| Uptown | $27,360 | $28,499 | -4% | 8.5% |
| Jefferson Park | $35,030 | $36,480 | -4% | -14.6% |
| Edgewater | $21,887 | $22,799 | -4% | -1.2% |
| Tri-Taylor | $46,170 | $48,241 | -4.3% | 9.5% |
| Bronzeville | $25,079 | $26,219 | -4.3% | 2.6% |
| Archer Heights | $22,800 | $23,940 | -4.8% | -13.7% |
| Scottsdale | $21,659 | $22,799 | -5% | -11.8% |
| Roseland/Pullman | $9,689 | $10,259 | -5.6% | -4.7% |
| Rogers Park | $18,239 | $19,379 | -5.9% | -9% |
| Near North | $33,059 | $35,141 | -5.9% | 6.9% |
| Andersonville | $52,440 | $55,860 | -6.1% | -15.3% |
| Heart of Chicago | $43,320 | $46,170 | -6.2% | -6.9% |
| South Loop | $29,207 | $31,220 | -6.4% | 0.3% |
| Lincoln Square | $60,735 | $65,069 | -6.7% | -12.6% |
| Lawndale | $13,778 | $14,819 | -7% | -5.5% |
| Brainerd | $14,820 | $15,959 | -7.1% | -7% |
| Noble Square | $53,038 | $57,886 | -8.4% | -9.7% |
| Boystown | $23,939 | $26,219 | -8.7% | -4.5% |
| Greater Grand Crossing | $11,399 | $12,539 | -9.1% | -8.5% |
| Avondale | $44,460 | $49,020 | -9.3% | -10.5% |
| Lincoln Park | $55,414 | $61,550 | -10% | -12.3% |
| Kenwood | $24,570 | $27,359 | -10.2% | -16.9% |
| Riverdale/Altgeld Gardens | $3,049 | $3,419 | -10.8% | 147.5% |
| West Garfield Park | $9,119 | $10,258 | -11.1% | -20.2% |
| Lakeview | $45,599 | $51,867 | -12.1% | -14.6% |
| Lake View | $35,003 | $39,899 | -12.3% | -10.8% |
| Chinatown | $31,919 | $37,050 | -13.8% | -19.5% |
| O'Hare | $17,099 | $20,046 | -14.7% | -8.9% |
| Canaryville/Fuller Park | $14,819 | $19,380 | -23.5% | -0.7% |
| Lower West Side | $13,120 | $17,629 | -25.6% | 8.9% |
| Morgan Park | $12,539 | $16,919 | -25.9% | -14.4% |
| Austin | $43,939 | $63,222 | -30.5% | -32.4% |
| West Ridge | $12,539 | $19,379 | -35.3% | -21.2% |
| North Center | $3,419 | $17,445 | -80.4% | -61% |
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