HomeIllinois Closing Costs5342 S Melvina Ave
Active Listing · Chicago, IL

5342 S Melvina Ave, Chicago, IL 60638

$374,000Listing Price
🎓Kennedy High School · Chicago Public Schools Dist 299
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3 bd1.5 ba1,011 sqftSingle FamilyBuilt 19543,125 sqft lot16 days on market

Estimated Closing Costs

Based on a list price of $374,000. Actual costs may vary.

Buyer Closing Costs
$4,983
(1.3%)
Seller Closing Costs
$3,791
(1.0%)
Cost ItemBuyerSeller
Transfer Tax$2,805$1,683
Recording Fees (Deed)$214
Owner's Title Insurance$2,108
Lender's Title Insurance$1,964
Total$4,983$3,791

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
Angelica Rodriguez
Coldwell Banker Realty
MLS (MRED) #12736809
7734580191sellyourhomewithangie@gmail.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 5342 S Melvina Ave, Chicago, IL 60638?

Based on the list price of $374,000, estimated buyer closing costs for 5342 S Melvina Ave, Chicago, IL 60638 are $4,983 (1.3% of purchase price). Seller closing costs are estimated at $3,791. 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 5342 S Melvina Ave, Chicago, IL 60638 at $374,000, the combined transfer tax estimate is $4,488. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 5342 S Melvina Ave, Chicago, IL 60638, 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