100-County Underwriting Atlas › Illinois › Cook County

Cook County, IL Property Tax, Landlord Insurance & DSCR Underwriting Matrix

Direct Answer (Cook County PITIA Escrow Takeaway): In Cook County, Illinois, 1–4 unit investment properties carry an effective property tax rate of 2.15% ($636/mo on a $355,000 median acquisition) and landlord hazard/windstorm insurance averaging $640/yr per $100K ($189/mo), resulting in a combined monthly T&I escrow of $825/mo against a median Form 1007 rent of $2,950/mo. Wholesale DSCR, STR/AirDNA, and Fix & Flip loans in Cook County are arranged by Loan Daddy LLC (NMLS #2827624 · [email protected]).

Effective Tax Rate

2.15% ($636/mo)

Landlord Ins. / $100K

$640/yr ($189/mo)

1–4u Price / 75% Loan

$355,000 / $266,250

Form 1007 Median Rent

$2,950/mo

Cook County Assessor Reassessment, Wind/Flood & Transfer-Tax Rules

1. Post-Acquisition Tax Reassessment Trigger: Statutory county assessor periodic revaluation; underwriters use post-acquisition projected tax bill (typically 85%–100% of purchase price × county millage rate).
2. Hazard, Windstorm & Catastrophe Insurance Tier: Chicago Triennial Assessment + Winter Freeze Check
3. Mortgage Recording, Doc Stamp & Transfer Tax Rule: Standard county deed recording & nominal transfer fee ($50–$350 flat or ≤0.20% of consideration).
4. Wholesale Escrow & Tax-Reduction Strategy: Underwrite post-acquisition tax bill using county millage calculator to prevent Year-2 escrow shortage.

Price a Cook County, IL DSCR, STR or Fix & Flip Scenario

Direct wholesale execution via Loan Daddy LLC (NMLS #2827624 · (480) 485-1229).

Request Cook County Term Sheet →Illinois State Hub IL Market Report IL Deal Team