United States/Real estate/Chicago

City

Chicago

The City of Chicago inside Cook County’s classification system. Residential property is assessed at 10 percent of fair market value, most commercial property at 25 percent, before the state’s equalization.

Last reviewed 27 October 2026

• Market structureNoteHow the stock is held, occupied and added. Houses, condominiums and co-ops are different legal objects, and a city rule is named apart from the state rule.
• Rental demandNoteWho rents, and which rules constrain the lease.
• TaxesNoteState and local charges on a purchase and on a holding. Each rate stays with the office that publishes it.
• FinancingNoteWhat a loan depends on here. Any down-payment ratio stays in the lender’s approval.
• Foreign buyersNoteWhich rules are federal, which are local, and what a title actually conveys.
• EmploymentNoteThe jobs that support housing demand. A large employer is a payroll, which can still change.
• InfrastructureNoteThe routes that already move people and goods. A project still under construction is left out of the commute.
• Major risksNoteThe risks that belong to this place.

Federal withholding, CFIUS and the mortgage rule stay on the United States real estate page, not on each topic.

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