Teresa Fraga of the Pilsen Neighbors Community Council has been a homeowner in Pilsen for the last 43 years. She said she was expecting a $2,500 bill in December but instead received one for $14,279.
The abandonment and neglect that has undermines the economies of many Chicago and Cook County neighborhoods is very much man-made, according to a new study.
Renters are finding fewer affordable homes and apartments as the city sees a decline in units. A new study from DePaul University shows the city experienced a 5.2% decline in affordable rental units over the past decade.
Chicago and Cook County home prices are up nearly 12 percent in the second quarter of 2013. We get the latest on the housing recovery from Geoff Smith, the Executive Director of the Institute for Housing Studies at DePaul University, and Loretta Alonzo, the 2012 president of the Illinois Association of Realtors.