HomeIllinois Closing Costs7727 S Colfax Ave
Active Listing · Chicago, IL

7727 S Colfax Ave, Chicago, IL 60649

$534,900Listing Price
🎓South Shore Intl Col Prep HS · Chicago Public Schools Dist 299
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14 bd11.0 baMulti-FamilyBuilt 19658,350 sqft lot381 days on market

Estimated Closing Costs

Based on a list price of $534,900. Actual costs may vary.

Buyer Closing Costs
$7,035
(1.3%)
Seller Closing Costs
$4,837
(0.9%)
Cost ItemBuyerSeller
Transfer Tax$4,013$2,408
Recording Fees (Deed)$214
Owner's Title Insurance$2,430
Lender's Title Insurance$2,808
Total$7,035$4,837

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
Finley Askin
Chicago Real Estate Resources
MLS (MRED) #12450507
6063755398finleya@crer.com

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Frequently Asked Questions

How much are closing costs for 7727 S Colfax Ave, Chicago, IL 60649?

Based on the list price of $534,900, estimated buyer closing costs for 7727 S Colfax Ave, Chicago, IL 60649 are $7,035 (1.3% of purchase price). Seller closing costs are estimated at $4,837. 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 7727 S Colfax Ave, Chicago, IL 60649 at $534,900, the combined transfer tax estimate is $6,421. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 7727 S Colfax 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