Photo: Erol Ahmed / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Chicago may be about to make deals in nearly a third of the city more expensive. A municipal code amendment tucked into the city’s proposed 2027 budget would end the real estate transfer tax exemption in Enterprise Zones, The Real Deal reported Friday. Those six zones cover about 30% of Chicago and have existed since 1982. The zones include the far South Side,…
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Chicago Wants to End a 44-Year-Old Break on Property Deals. It Covers About 30% of the City.
Chicago’s proposed 2027 budget would end the real estate transfer tax exemption in Enterprise Zones covering about 30% of the city.
