Closing Costs for Sellers in Chicago: What You Need to Know

Selling your home in Chicago? You’re probably focused on getting top dollar—but don’t forget about the closing costs that come out of your proceeds. These expenses can take sellers by surprise if you’re not prepared, so let’s walk through what you can expect.

What Are Closing Costs for Sellers in Chicago?
In Chicago, seller closing costs typically range from 1% to 3% of the sale price—but that doesn’t include your mortgage payoff or agent commission. The main fees often include:

• Transfer taxes (especially the City of Chicago transfer tax)

• Title insurance (for the buyer’s policy)

• Attorney fees

• Survey fees

• Property taxes (prorated up to the closing date)

• HOA fees or disclosures, if applicable

You’ll also want to factor in potential credits to the buyer and any repairs negotiated during escrow.

Want to get a better idea of your bottom line? Start with a free home value estimate to see how your pricing compares in today’s market.

Chicago’s Unique Costs
Unlike many cities, Chicago has its own transfer tax, which adds $7.50 per $1,000 of sale price—though the seller typically pays $3.00 of that. Curious how that adds up? The City of Chicago’s official site breaks it down clearly.

Additionally, if you're selling a condo or a home in an HOA community, be prepared for disclosure document fees, which can cost $200–$500 or more depending on your association.

Minimizing Costs Without Cutting Corners
If you’re on a tight timeline or looking to simplify the process, you might consider exploring a cash offer option, which can help avoid some of the traditional expenses and speed up closing.

Working With a Local Expert Helps
An experienced Chicago Realtor can help you navigate these costs and even negotiate some of them. Need guidance? Reach out through our contact form and we’ll walk you through your personalized selling strategy.

For more tips on selling in the Windy City, visit our real estate blog for updates and insights.

According to Bankrate, many sellers underestimate the true cost of closing—don’t let that be you.

👉 Ready to Sell Your Chicago Home? Get a Free Market Analysis!
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📍 Request your free market analysis at HeartOfChicagoHomes.com or call/text (312) 361-8288.