Census tract 3501, Cook County, IL: 2027 Opportunity Zone

Yes. Census tract 3501 in Cook County, Illinois (GEOID 17031350100, QOZ ID N17031350100-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population

2,435

Median family income

$66,827

Poverty rate

24.6%

Unemployment

6.4%

Median home value

–

American Community Survey 2020 to 2024 5-year estimates (U.S. Census Bureau).

Why it qualified

Treasury's data shows it qualified on median family income at or below 70% of the area median and a poverty rate of at least 20% (poverty 24.6%, income at 59% of the area median). See how a tract qualifies.

Its poverty rate ranks 47 of 84 among the designated tracts in Cook County.

Was it a 2018 zone?

About 100% of this tract's land lay in a 2018 Opportunity Zone: 17031350100 (100%). Those designations end December 31, 2028. For 2027 and 2028 the two maps run side by side, and which one matters depends on when the investment is made.

What applies here

A gain invested in a Qualified Opportunity Fund after December 31, 2026 is deferred for up to five years. Held five years, basis rises by 10%. Held at least ten years, the investor can elect to exclude appreciation, measured no later than year 30. See the OZ 2.0 rules.

Other designated tracts in Cook County

• Tract 17031010201
• Tract 17031010501
• Tract 17031010503
• Tract 17031080400
• Tract 17031170100
• Tract 17031191302
• Tract 17031200200
• Tract 17031230600
• Tract 17031251100
• Tract 17031251300
• Tract 17031271500
• Tract 17031280400

See all Cook County Opportunity Zones, open the tract map, or check an exact address with the lookup. Tract lines follow the 2020 census. Source: CDFI Fund designated tract list.