HomeIllinois Closing Costs5438 W Melrose St
Active Listing · Chicago, IL

5438 W Melrose St, Chicago, IL 60641

$568,000Listing Price
🎓Foreman High School · Chicago Public Schools Dist 299
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5 bd3.0 ba2,500 sqftSingle FamilyBuilt 192446 days on market

Estimated Closing Costs

Based on a list price of $568,000. Actual costs may vary.

Buyer Closing Costs
$7,456
(1.3%)
Seller Closing Costs
$5,052
(0.9%)
Cost ItemBuyerSeller
Transfer Tax$4,260$2,556
Recording Fees (Deed)$214
Owner's Title Insurance$2,496
Lender's Title Insurance$2,982
Total$7,456$5,052

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
David Jaracz
Savvy Properties Inc
MLS (MRED) #12710808
7737104376djaracz82@gmail.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 5438 W Melrose St, Chicago, IL 60641?

Based on the list price of $568,000, estimated buyer closing costs for 5438 W Melrose St, Chicago, IL 60641 are $7,456 (1.3% of purchase price). Seller closing costs are estimated at $5,052. 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 5438 W Melrose St, Chicago, IL 60641 at $568,000, the combined transfer tax estimate is $6,816. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 5438 W Melrose St, Chicago, IL 60641, 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