What is the rental yield in Greater Grand Crossing, Chicago, Illinois?

The gross yield in Greater Grand Crossing, Chicago, Illinois is 7.1. Prices are about 40% below Chicago and 8% below Illinois, and they are up 14.0% over the past year. Walkability is 86, education is in the 16th percentile, and the Red Flag score is 54.

How has Greater Grand Crossing in Chicago, Illinois performed over the past year?

Prices in Greater Grand Crossing, Chicago, Illinois are up 14.0% over the past year. The neighborhood is priced about 40% below Chicago and 8% below Illinois, with a gross yield of 7.1, walkability of 86, education in the 16th percentile, and a Red Flag score of 54.

How does Greater Grand Crossing compare with Chicago and Illinois?

Greater Grand Crossing in Chicago, Illinois is priced about 40% below Chicago and 8% below Illinois. It also has a gross yield of 7.1, prices up 14.0% over the past year, walkability of 86, education in the 16th percentile, and a Red Flag score of 54.

Neighborhood

Greater Grand Crossing

Chicago, Illinois US

Greater Grand Crossing in Chicago, Illinois has an investment profile defined by pricing about 40% below Chicago and 8% below Illinois, a gross yield of 7.1, and prices up 14.0% over the past year. The neighborhood pairs walkability of 86 with education in the 16th percentile, while the Red Flag score of 54 suggests a moderate overall risk reading.

AI Summary•Updated May 2026

Area

3.55 mi²

ZIP Code

60619

County

Cook County

State

Illinois

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$223,934

YoY+14.0%

Gross Rental Yield

7.1%

Listed rent · ZORI annualized

Red Flag Index

Moderate

54 / 100

Walkability Score

Very Walkable

OpenStreetMap POI density · national percentile

Education Score

16 / 100

Limited · better than 16% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Greater Grand Crossing Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Greater Grand Crossing, Chicago.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$223,934	+14.0%
Price / Sq Ft (Verified)	$131/sqft	+12.0%
Asking Rent (Median)	$1,332/mo	+1.4%
Gross Rental Yield	7.1%	—
Liquidity Score	39 / 100	Moderate
Homes Sold (Period)	144	+7.5%

Is Greater Grand Crossing Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Illinois crime context.

Red Flag Breakdown

54 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Heat100Very High

Flood80Very High

Tornado80Very High

Earthquake60High

Hail60High

Strong Wind40Moderate

Wildfire20Low

Hurricane20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Illinois averaged 20.0 crimes and 2.9 violent per 1,000 residents (+0.0% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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What Stands Out AI Insight

Above-average gross rental yield at 7.1%

Appreciating market — +14.0% sale-price YoY

Highly walkable neighborhood — score 86/100

Active transaction volume — 144 homes sold last period

Heat risk is Very High (100/100)

Flood risk is Very High (80/100)

Insights are generated from Greater Grand Crossing's live DistrictScore metrics.

Greater Grand Crossing Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Illinois-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

7.0 µg/m³ Meets EPA, above WHO guideline-23.1% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Greater Grand Crossing centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 79% of U.S. neighborhoods.

Illinois Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	20.0	2.9	+0.0%
2023	20.1	3.1	+2.1%
2022	19.8	2.9	+13.2%
2021	17.4	3.5	-11.8%
2020	19.9	4.3	-13.1%
2019	22.7	4.2	—

Reported at the state level — the finest official US crime aggregation; Greater Grand Crossing inherits the Illinois figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Greater Grand Crossing

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor1 nearbyHigh

Point-source screening near Greater Grand Crossing: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Greater Grand Crossing

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

86

Very Walkable

Walkability Score

36

Grocery

8

Dining

30

Schools

0

Universities

3

Hospitals

2

Pharmacies

22

Parks

10

Rail Transit

0

Coworking

POI counts are amenities within Greater Grand Crossing's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Greater Grand Crossing vs Chicago vs Illinois

How Greater Grand Crossing benchmarks against its city and state medians.

Benchmark vs City & State

Across Greater Grand Crossing, the median sale price sits about 40% below the median for Chicago neighborhoods and about 8% below the statewide median. Gross rental yield is 7.1%, against 6.3% for Chicago neighborhoods and 6.2% statewide. Over the past 12 months, prices rose 14.0%. Transaction liquidity sits above the median for Chicago neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Greater Grand Crossing	$131/sqft	7.1%	39
Chicago	$219/sqft	6.3%	36
Illinois	$143/sqft	6.2%	34

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Buying Property in the US as a Foreigner

Federal & Illinois tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.79% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 4.95%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $0.50 per $500 state + local.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Illinois property-tax guidance for foreign buyers

Latest Chicago Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

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Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Greater Grand Crossing Real Estate FAQ

Greater Grand Crossing in Chicago, Illinois presents a value-oriented profile, with prices about 40% below Chicago and 8% below Illinois, a gross yield of 7.1, and prices up 14.0% over the past year. It also has walkability of 86, education in the 16th percentile, and a Red Flag score of 54.

Neighborhoods near Greater Grand Crossing

Compare Greater Grand Crossing with nearby neighborhoods in Chicago.

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