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Class 7a to Class 7c Tax Incentive Revision Approved for Urban Core Inc. at 1940 E 71st Street

  • When: 2025/04/16
  • Address: 1940 E 71st Street
  • City: Chicago
  • State: IL
  • Category: Economic Development Incentives
  • Asset Class: Commercial
  • Property Type: Retail

Urban Core, Inc. renovated a single-story, four-unit storefront building at 1940 East 71st Street in Chicago, Illinois, to provide wellness services. The applicant initially secured a Class 7a tax classification from the Cook County Assessor with City Council support on April 16, 2025. Subsequently, Urban Core, Inc. requested to revise its application to revert to an original Class 7c classification. This ordinance amends the previous 7a ordinance to approve the Class 7c classification, replacing the prior text with new exhibits.

Source

Applicant - Urban Core, Inc.