HomeIllinois Closing Costs5201 S Cornell St
Active Listing · Chicago, IL

5201 S Cornell St, Unit 16E, Chicago, IL 60615

$399,500Listing Price
🎓Kenwood Academy High School · Chicago Public Schools Dist 299
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3 bd2.0 ba1,700 sqftCondoBuilt 19691 days on marketHOA $1551/mo

Estimated Closing Costs

Based on a list price of $399,500. Actual costs may vary.

Buyer Closing Costs
$5,308
(1.3%)
Seller Closing Costs
$3,957
(1.0%)
Cost ItemBuyerSeller
Transfer Tax$2,996$1,798
Recording Fees (Deed)$214
Owner's Title Insurance$2,159
Lender's Title Insurance$2,097
Total$5,308$3,957

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
Mario Greco
COMPASS
MLS (MRED) #12744522
3123244312office@mggroupchicago.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 5201 S Cornell St, Unit 16E, Chicago, IL 60615?

Based on the list price of $399,500, estimated buyer closing costs for 5201 S Cornell St, Unit 16E, Chicago, IL 60615 are $5,308 (1.3% of purchase price). Seller closing costs are estimated at $3,957. 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 5201 S Cornell St, Unit 16E, Chicago, IL 60615 at $399,500, the combined transfer tax estimate is $4,794. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 5201 S Cornell St, Unit 16E, 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