Why would you do this instead of just a comment? I feel like type hints only have value if they can be used by the tooling.
A comment would be fine too, especially if it's right next to the type signature, but to do that you'd need to add extra newlines, and the comment would be in roughly the same spot as the type hint, so I don't know that you gain much. Mypy doesn't really like strings used that way, but mypy isn't a great tool anyway, so c'est la vie?
If somebody just wanted to throw that in a docstring I wouldn't complain though. It's definitely more important that the information exist than that it be in a particular place.