HomeIllinois Closing Costs1600 S Indiana Ave
Active Listing · Chicago, IL

1600 S Indiana Ave, Unit 1308, Chicago, IL 60616

$392,500Listing Price
🎓Dunbar Vocational Career Acad HS · Chicago Public Schools Dist 299
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2 bd2.0 ba1,200 sqftCondoBuilt 20061 days on marketHOA $788/mo

Estimated Closing Costs

Based on a list price of $392,500. Actual costs may vary.

Buyer Closing Costs
$5,218
(1.3%)
Seller Closing Costs
$3,911
(1.0%)
Cost ItemBuyerSeller
Transfer Tax$2,944$1,766
Recording Fees (Deed)$214
Owner's Title Insurance$2,145
Lender's Title Insurance$2,061
Total$5,218$3,911

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
Danny Lewis
Baird & Warner
MLS (MRED) #12673964
7739889092lewischicagorealestate@gmail.com;lewischicagorealestate@fivestreet.meAgent Website →

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Frequently Asked Questions

How much are closing costs for 1600 S Indiana Ave, Unit 1308, Chicago, IL 60616?

Based on the list price of $392,500, estimated buyer closing costs for 1600 S Indiana Ave, Unit 1308, Chicago, IL 60616 are $5,218 (1.3% of purchase price). Seller closing costs are estimated at $3,911. 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 1600 S Indiana Ave, Unit 1308, Chicago, IL 60616 at $392,500, the combined transfer tax estimate is $4,710. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 1600 S Indiana Ave, Unit 1308, Chicago, IL 60616, 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