HomeIllinois Closing Costs1600 S Jefferson St
Active Listing · Chicago, IL

1600 S Jefferson St, Apt 201, Chicago, IL 60616

$485,000Listing Price
🎓Dunbar Vocational Career Acad HS · Chicago Public Schools Dist 299
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2 bd2.0 baCondoBuilt 19209 days on marketHOA $489/mo

Estimated Closing Costs

Based on a list price of $485,000. Actual costs may vary.

Buyer Closing Costs
$6,398
(1.3%)
Seller Closing Costs
$4,513
(0.9%)
Cost ItemBuyerSeller
Transfer Tax$3,638$2,183
Recording Fees (Deed)$214
Owner's Title Insurance$2,330
Lender's Title Insurance$2,546
Total$6,398$4,513

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
Meg Tange
Keller Williams ONEChicago
MLS (MRED) #12743665
3127520538megtange@kw.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 1600 S Jefferson St, Apt 201, Chicago, IL 60616?

Based on the list price of $485,000, estimated buyer closing costs for 1600 S Jefferson St, Apt 201, Chicago, IL 60616 are $6,398 (1.3% of purchase price). Seller closing costs are estimated at $4,513. 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 Jefferson St, Apt 201, Chicago, IL 60616 at $485,000, the combined transfer tax estimate is $5,821. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 1600 S Jefferson St, Apt 201, 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