Property taxes shown on the listing are $5,450 per year, which seems low. According to standard Cook County Assessment and rates, which are about 1.5% of assessed property value, taxes would likely be around $8,125 per year
I imagine HOA fees are probably $400 per month also.
Chicago housing is cheap, but taxes and fees are crazy
“I imagine HOA fees are probably $400 per month also.”
Try $881. It accounts for the relatively low listing price. HOA fees on some of these older buildings can get very high.