Illinois

Some rent prices are coming down in Illinois

Published

2 years ago

October 23, 2022

Some rent prices are coming down in Illinois

(The Heart Sq.) – After skyrocketing the previous 12 months, some hire costs look like coming down in Illinois.

After declining by as a lot as 20% in Chicago and different city metros on the peak of the pandemic, hire costs started to soar.

Jon Leckie, researcher for the web site Lease.com, stated the actual property market contributed to the rising costs for residences.

“In case you have a pink scorching housing market, it’ll put plenty of stress on rents as effectively,” Leckie stated.

Some are additionally blaming a rental algorithm referred to as YieldStar that takes the human aspect out of housing and hikes costs on behalf of landlords. Created by Texas-based property administration software program firm RealPage, YieldStar is an analytics algorithm that makes use of rental charge information to assist landlords set rental costs.

However Leckie stated costs for residences in Illinois began to go within the different route final month.

“Town of Chicago was down about 6%, and the state of Illinois was down a bit over 4.5%,” Leckie stated.

Trade analysts say we’re seeing a whole reversal of market circumstances, going from demand considerably outstripping obtainable models to now new models outpacing lackluster demand.

Costs across the state are nonetheless up from final 12 months. In Joliet, a 1-bedroom residence goes for about $1,000, up 13% from final 12 months. In Schaumburg, the worth is round $1,500, up 14%, and in St. Charles, a 1-bedroom residence averages round $1,900, a 13% improve over final 12 months.

In Chicago, it’s a totally different story. A 1-bedroom residence averages $1,859 a month, down 4% from final 12 months, whereas a 2-bedroom residence goes for about $2,263, down 16% from final 12 months.

Renters within the Windy Metropolis can evaluate that to The Large Apple. A 1-bedroom residence in New York Metropolis at present averages $4,477 a month.

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Illinois

Police shooting leaves man dead in North Riverside, Illinois

Published

32 minutes ago

January 13, 2025

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Police shooting leaves man dead in North Riverside, Illinois – CBS Chicago

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Police said an officer shot a man wielding two knives to protect another person in an incident on Cermak Road.

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Illinois

Some Illinois taxpayers will be able to file 2024 taxes for free with IRS program

Published

12 hours ago

January 12, 2025

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Some Illinois taxpayers will be able to file 2024 taxes for free with IRS program

Nearly 2 million eligible Illinois residents will be able to file their 2024 federal tax returns for free using a new IRS program.

State officials announced that Illinois will participate in the IRS Direct File service which begins on Jan. 27.

Direct File was first launched as a test program last year. This year, the program will become a permanent option with participation in 25 states.

A simplified process

The IRS estimates that more than 30 million people will be eligible to use the program during the 2025 tax filing season.

State officials said the IRS Direct File option will simplify the filing process for eligible taxpayers.

“We understand that a significant amount of time and money is spent every year to ensure personal income tax returns are filed accurately and on time,” said David Harris, the director of the Illinois Department of Revenue, in a statement. “This integration will help relieve stress and financial burden for taxpayers.”

Direct File is an online service that’s available on mobile phones, laptops, tablets or desktop computers.

The service provides a checklist and a guide to help navigate the process. Users will have access to a chatbot for guidance in both English and Spanish.

For more information on eligibility and how to use the service, visit irs.gov/filing/irs-direct-file-for-free.

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Illinois

Illinois State Police trooper hurt in multi-vehicle crash near Chicago

Published

23 hours ago

January 12, 2025

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Illinois State Police trooper hurt in multi-vehicle crash near Chicago

(25News Now) – An Illinois State Police trooper was hurt in a five-vehicle crash Saturday morning in the Chicago suburb of South Barrington, but there are conflicting reports about the severity of the trooper’s injuries.

State Police said the trooper was heading to an accident scene to help with traffic control at Illinois Route 59 and Higgins Road. Police said the trooper activated his emergency lights and sirens, but was struck by another vehicle at the intersection about 9:45 a.m.

The trooper suffered critical injuries, according to a release from the East Dundee and Countryside Fire Protection District, but State Police said the trooper’s injuries were not life-threatening.

The fire department said it took almost a half-hour to extricate the trooper from his heavily damaged vehicle.

Fire crews said it took almost a half-hour to extricate an Illinois State Police trooper from his heavily damaged squad car on Saturday, Jan. 11, 2025, in the Chicago suburb of South Barrington.(East Dundee and Countryside Fire Protection District)

Authorities said two people from other vehicles were hospitalized with non-life-threatening injuries.

State Police are investigating.

Saturday’s accident happened less than a month after State Police Trooper Clay Carns was killed in a crash on I-55 in Will County.

The 35-year-old officer left his squad car to pick up debris from the roadway when he was struck by a passing pickup truck two days before Christmas. The truck’s 69-year-old driver was cited for not moving over to avoid hitting Trooper Carns.

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