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Far South Side homeowners question Red Line extension’s impact on property values

Draft Environmental Impact Statement

“We have not done an appraisal on the home, but the asking price is $35,000. If you look at the market in that area that’s what they are worth and less,” said Banks-McGee, whose parents bought the house 50 years ago.

The original purchase price has long faded from memory.

“It is a blow to our family because we didn’t expect the market to shift. The house that we grew up in, lived in … is worth nothing,” she said…Please click here to read La Risa Lynch’s story in the Chicago Reporter.

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