HomeIllinois Closing Costs1160 S Michigan Ave
Active Listing · Chicago, IL

1160 S Michigan Ave, Apt 3107, Chicago, IL 60605

$785,000Listing Price
🎓Jones College Prep High School · Chicago Public Schools Dist 299
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2 bd2.5 ba1,928 sqftCondoBuilt 2007172 days on marketHOA $1426/mo

Estimated Closing Costs

Based on a list price of $785,000. Actual costs may vary.

Buyer Closing Costs
$10,223
(1.3%)
Seller Closing Costs
$6,463
(0.8%)
Cost ItemBuyerSeller
Transfer Tax$5,888$3,533
Recording Fees (Deed)$214
Owner's Title Insurance$2,930
Lender's Title Insurance$4,121
Total$10,223$6,463

Estimates include state and local transfer taxes, county recording fees, and title insurance. Does not include lender fees, prepaid items, or agent commissions. Run the full calculator to adjust the price or see itemized details.

Listed By
Ryan Cherney
Circle One Realty
MLS (MRED) #12593600
6305282300ryan@circleonerealty.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 1160 S Michigan Ave, Apt 3107, Chicago, IL 60605?

Based on the list price of $785,000, estimated buyer closing costs for 1160 S Michigan Ave, Apt 3107, Chicago, IL 60605 are $10,223 (1.3% of purchase price). Seller closing costs are estimated at $6,463. These include transfer taxes, recording fees, and title insurance.

What are the transfer taxes for a home in Chicago, IL?

Transfer taxes in Chicago, IL are assessed at the state and local level. For 1160 S Michigan Ave, Apt 3107, Chicago, IL 60605 at $785,000, the combined transfer tax estimate is $9,421. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 1160 S Michigan Ave, Apt 3107, Chicago, IL 60605, buyers typically pay recording fees and lender's title insurance. Sellers commonly pay owner's title insurance and may share transfer tax costs depending on local custom. The breakdown above shows the estimated split for this address.

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Illinois Closing Cost Guide