HomeIllinois Closing Costs7641 S Phillips Ave
Active Listing · Chicago, IL

7641 S Phillips Ave, Chicago, IL 60649

$600,000Listing Price
🎓South Shore Intl Col Prep HS · Chicago Public Schools Dist 299
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9 bd3.0 baMulti-FamilyBuilt 19251 days on market

Estimated Closing Costs

Based on a list price of $600,000. Actual costs may vary.

Buyer Closing Costs
$7,864
(1.3%)
Seller Closing Costs
$5,260
(0.9%)
Cost ItemBuyerSeller
Transfer Tax$4,500$2,700
Recording Fees (Deed)$214
Owner's Title Insurance$2,560
Lender's Title Insurance$3,150
Total$7,864$5,260

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
Jaiva Birch
Century 21 Impact
MLS (MRED) #12737828
7087981111

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Frequently Asked Questions

How much are closing costs for 7641 S Phillips Ave, Chicago, IL 60649?

Based on the list price of $600,000, estimated buyer closing costs for 7641 S Phillips Ave, Chicago, IL 60649 are $7,864 (1.3% of purchase price). Seller closing costs are estimated at $5,260. 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 7641 S Phillips Ave, Chicago, IL 60649 at $600,000, the combined transfer tax estimate is $7,200. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 7641 S Phillips Ave, Chicago, IL 60649, 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