HomeIllinois Closing Costs1508-1512 W Farwell Ave
Active Listing · Chicago, IL

1508-1512 W Farwell Ave, Chicago, IL 60626

$5,700,000Listing Price
🎓Sullivan High School · Chicago Public Schools Dist 299
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32 bd25.0 baMulti-FamilyBuilt 196317,200 sqft lot84 days on market

Estimated Closing Costs

Based on a list price of $5,700,000. Actual costs may vary.

Buyer Closing Costs
$72,889
(1.3%)
Seller Closing Costs
$38,410
(0.7%)
Cost ItemBuyerSeller
Transfer Tax$42,750$25,650
Recording Fees (Deed)$214
Owner's Title Insurance$12,760
Lender's Title Insurance$29,925
Total$72,889$38,410

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
Michael Stangel
@properties Park Ridge South
MLS (MRED) #12676923
8476577000mikestangel@atproperties.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 1508-1512 W Farwell Ave, Chicago, IL 60626?

Based on the list price of $5,700,000, estimated buyer closing costs for 1508-1512 W Farwell Ave, Chicago, IL 60626 are $72,889 (1.3% of purchase price). Seller closing costs are estimated at $38,410. 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 1508-1512 W Farwell Ave, Chicago, IL 60626 at $5,700,000, the combined transfer tax estimate is $68,400. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 1508-1512 W Farwell Ave, Chicago, IL 60626, 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