HomeIllinois Closing Costs5041 S Dorchester Ave
Active Listing · Chicago, IL

5041 S Dorchester Ave, Unit 2N, Chicago, IL 60615

$399,900Listing Price
🎓Kenwood Academy High School · Chicago Public Schools Dist 299
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3 bd2.0 ba1,350 sqftCondo73 days on marketHOA $385/mo

Estimated Closing Costs

Based on a list price of $399,900. Actual costs may vary.

Buyer Closing Costs
$5,313
(1.3%)
Seller Closing Costs
$3,960
(1.0%)
Cost ItemBuyerSeller
Transfer Tax$3,000$1,800
Recording Fees (Deed)$214
Owner's Title Insurance$2,160
Lender's Title Insurance$2,099
Total$5,313$3,960

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
Chuck Gullett
Best Chicago Properties
MLS (MRED) #12685740
3125931436chuck@bestchicagoproperties.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 5041 S Dorchester Ave, Unit 2N, Chicago, IL 60615?

Based on the list price of $399,900, estimated buyer closing costs for 5041 S Dorchester Ave, Unit 2N, Chicago, IL 60615 are $5,313 (1.3% of purchase price). Seller closing costs are estimated at $3,960. 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 5041 S Dorchester Ave, Unit 2N, Chicago, IL 60615 at $399,900, the combined transfer tax estimate is $4,800. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 5041 S Dorchester Ave, Unit 2N, Chicago, IL 60615, 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