HomeIllinois Closing Costs7056 S Parnell Ave
Active Listing · Chicago, IL

7056 S Parnell Ave, Chicago, IL 60621

$695,000Listing Price
🎓Urban Prep Chtr Acad Englewood HS · Chicago Public Schools Dist 299
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20 bd9.0 baMulti-FamilyBuilt 19021 days on market

Estimated Closing Costs

Based on a list price of $695,000. Actual costs may vary.

Buyer Closing Costs
$9,075
(1.3%)
Seller Closing Costs
$5,878
(0.8%)
Cost ItemBuyerSeller
Transfer Tax$5,213$3,128
Recording Fees (Deed)$214
Owner's Title Insurance$2,750
Lender's Title Insurance$3,649
Total$9,075$5,878

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
Sherri Jordan
Suite 527 Realty Group, LLC
MLS (MRED) #12654319
7739876164sjordan@suite527.comAgent Website →

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Frequently Asked Questions

How much are closing costs for 7056 S Parnell Ave, Chicago, IL 60621?

Based on the list price of $695,000, estimated buyer closing costs for 7056 S Parnell Ave, Chicago, IL 60621 are $9,075 (1.3% of purchase price). Seller closing costs are estimated at $5,878. 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 7056 S Parnell Ave, Chicago, IL 60621 at $695,000, the combined transfer tax estimate is $8,341. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 7056 S Parnell Ave, Chicago, IL 60621, 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