HomeIllinois Closing Costs1256 S Independence Blvd
Active Listing · Chicago, IL

1256 S Independence Blvd, Chicago, IL 60623

$2,249,000Listing Price
🎓Farragut Career Academy HS · Chicago Public Schools Dist 299
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45 bd18.0 baMulti-FamilyBuilt 19098,848 sqft lot71 days on market

Estimated Closing Costs

Based on a list price of $2,249,000. Actual costs may vary.

Buyer Closing Costs
$28,889
(1.3%)
Seller Closing Costs
$15,979
(0.7%)
Cost ItemBuyerSeller
Transfer Tax$16,868$10,121
Recording Fees (Deed)$214
Owner's Title Insurance$5,858
Lender's Title Insurance$11,807
Total$28,889$15,979

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
Lawrence Dunning
Fulton Grace Realty
MLS (MRED) #12687697
3122860427lawrence@mainstreetreg.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 1256 S Independence Blvd, Chicago, IL 60623?

Based on the list price of $2,249,000, estimated buyer closing costs for 1256 S Independence Blvd, Chicago, IL 60623 are $28,889 (1.3% of purchase price). Seller closing costs are estimated at $15,979. 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 1256 S Independence Blvd, Chicago, IL 60623 at $2,249,000, the combined transfer tax estimate is $26,989. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 1256 S Independence Blvd, Chicago, IL 60623, 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