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Answer

Am I in a Chicago Opportunity Zone?

Opportunity Zones are designated census tracts where investors can defer and reduce capital gains taxes through a Qualified Opportunity Fund. Enter your address into the Chicago Incentive Explorer to see if it falls inside a designated zone.

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What to know

  • Existing OZ 1.0 tracts remain valid through 12/31/2028; new OZ 2.0 designations take effect 1/1/2027.
  • Benefits go to investors with capital gains, but business owners can use OZ status to attract that investment.
  • Investment must flow through a Qualified Opportunity Fund (QOF), not a direct purchase.
  • Always confirm zone status and tax treatment with a tax advisor — rules changed under the 2025 OBBBA law.

Related programs

Federal Opportunity ZonesNew Markets Tax Credits

Sources

This is a discovery tool, not legal, tax, or eligibility advice. Confirm current requirements with the administering agency before applying, certifying, or relying on any program listed here.

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