HomeIllinois Closing Costs5043 S Racine Ave
Active Listing · Chicago, IL

5043 S Racine Ave, Chicago, IL 60609

$394,000Listing Price
🎓Richards Career Academy HS · Chicago Public Schools Dist 299
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7 bd3.0 baMulti-FamilyBuilt 19903,049 sqft lot1 days on market

Estimated Closing Costs

Based on a list price of $394,000. Actual costs may vary.

Buyer Closing Costs
$5,238
(1.3%)
Seller Closing Costs
$3,921
(1.0%)
Cost ItemBuyerSeller
Transfer Tax$2,955$1,773
Recording Fees (Deed)$214
Owner's Title Insurance$2,148
Lender's Title Insurance$2,069
Total$5,238$3,921

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
Amanda Stapleton
Blue Door Dave Inc
MLS (MRED) #12716238
7732317879info@amandastapleton.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 5043 S Racine Ave, Chicago, IL 60609?

Based on the list price of $394,000, estimated buyer closing costs for 5043 S Racine Ave, Chicago, IL 60609 are $5,238 (1.3% of purchase price). Seller closing costs are estimated at $3,921. 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 5043 S Racine Ave, Chicago, IL 60609 at $394,000, the combined transfer tax estimate is $4,728. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 5043 S Racine Ave, Chicago, IL 60609, 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