CHICAGO (WLS) -- Homeowners in some of Chicago's most neglected neighborhoods are now bracing for tax hikes, amid fresh interest from investors.

The growing investment has triggered a spike in property assessments, which will likely result in higher property tax bills. This is an issue the Consumer I-Team has been reporting on for years .

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Between 2023 and 2024, homeowners in parts of Englewood, Roseland and North Lawndale saw their valuation increase between 119% and 160%.

That's far more sharp than anywhere else in the city, according to an Illinois Answers Project and Chicago Tribune analysis. Meanwhile, some of the wealthiest areas saw the smallest increases, as low as three percent in the Gold Coast.

The Illinois Answers

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