Chicago, Illinois Opportunity Zones

 
Number Of Census Tracts
809
Number Of QOZs
135
Percent Of Census Tracts
16.69%
Number Of LICS
135

Chicago lies in the state of Illinois which automatically conforms to the federal tax code as it is amended. Both the city and state have adopted the new Qualified Opportunity Zone provisions.

Out of the 809 census tracts that exist within, or partially within the city of Chicago 135 have been designated eligible for Qualified Opportunity Fund investment. This represents approximately 16.69% of the census tracts in the city. Of the zones that are eligible, 135 qualify as a low-income community. This means the poverty rate was above 20%, or that the median household income was below 80% of the state or metropolitan area’s median household income.

The remaining zones qualified as contiguous, meaning they were located adjacent to an eligible tract, and the median household income did not exceed 125% of that eligible tract. Chicago lies in the state of Illinois which automatically conforms to the federal tax code as it is amended. Both the city and state have adopted the new Qualified Opportunity Zone provisions. Illinois has 327 opportunity zones, which means Chicago contains 41.28% of the Qualified Opportunity Zones that exist within the state.

Compare Opportunity Zone Investments Side by Side

Simple & Easy to Understand

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