South Side, West Side homeowners over-taxed in Chicago area amid fresh investment

CHICAGO (WLS) -- Homeowners in some of Chicago's most neglected neighborhoods are now bracing for tax hikes, amid fresh interest from investors.

The growing investment has triggered a spike in property assessments, which will likely result in higher property tax bills. This is an issue the Consumer I-Team has been reporting on for years.

ABC7 Chicago is now streaming 24/7. Click here to watch

Between 2023 and 2024, homeowners in parts of Englewood, Roseland and North Lawndale saw their valuation increase between 119% and 160%.

That's far more sharp than anywhere else in the city, according to an Illinois Answers Project and Chicago Tribune analysis. Meanwhile, some of the wealthiest areas saw the smallest increases, as low as three percent in the Gold Coast.

The Illinois Answers Project and the Chicago Tribune collaborated on an investigation into Cook County's property assessments.

You can read the full report here.