The property at 3601 Runge St., Franklin Park was sold on Oct. 13 by Green Bay Packaging Inc. for $4,571,000. The buyer was Runge St. Partners LLC.
In 2019, the property tax paid for this property was $299,529.78, which is 6.55% of the sale price of the home.
The last time this property sold was Dec. 16, 2004. It last sold for $3,200,000.
So far in October 2021, 11 properties sold in Franklin Park.
This story was found on BlockShopper.com.
With a median commercial property tax rate of 2.5% in fiscal year 2025, Northlake ranked 78th out of 92 Cook County municipalities.
Stone Park reported the second-highest median commercial property tax rate in Cook County for fiscal year 2025, reaching 12.7%.
In fiscal year 2025, Broadview’s commercial property owners faced a median tax rate of 4.5% of property value, surpassing the Cook County average.
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