Illinois Seller Closing Costs & Net Proceeds Calculator
Estimate exactly what you'll walk away with after selling a home in Illinois. Defaults below reflect typical Illinois transfer-tax treatment, title custom, and seller closing costs.
Data last reviewed: August 2026
Estimated net proceeds — Illinois
$0
Enter a sale price below to estimate your net proceeds in Illinois.
Net Proceeds Calculator — Illinois
Defaults reflect typical Illinois practice. Edit any field to match your transaction.
Figures last updated: August 2026
Sale & loan
Commission
Post-NAR settlement: the buyer-agent share is negotiable. Switch to listing-only if you're not offering buyer-agent compensation.
Title & closing costs
In Illinois, the seller customarily pays this. Informational only — the premium amount isn't included in the totals below.
Optional adjustments
Breakdown
| Gross sale price | $0 |
| Agent commission | − $0 |
| Mortgage payoff | − $0 |
| Title / escrow services | − $0 |
| Transfer / excise tax | − $0 |
| Recording fees | − $75 |
| Settlement / escrow fee | − $450 |
| Home warranty | − $0 |
| Repairs / concessions | − $0 |
| Property tax proration | − $0 |
| HOA dues owed | − $0 |
| Total deductions | − $525 |
| Estimated net proceeds | $0 |
Selling a home in Illinois: what to expect
Transfer / excise tax
0.10% state (+0.05% county) — Chicago ~1.2% combined, partly buyer-paid.
Title & closing custom
Attorney-state in practice. Owner's title policy customarily paid by SELLER.
Recording fees vary by county; often $60-$100.
Typical commission
Around 5.5% of the sale price in Illinois, combining the listing-side commission and anything the seller agrees to offer the buyer's brokerage. Always negotiable — there is no set rate.
Typical total seller closing costs
About 1.0%-2.5% statewide; higher in Chicago (excluding agent commission).
Notes specific to Illinois
- Illinois layers state ($1.00/$1,000), county ($0.50/$1,000), and often municipal transfer taxes — the seller pays the state and county portions, with municipal portions varying by city.
- In the City of Chicago the combined transfer tax is $5.25 per $500, with the seller's portion at $3.00 per $500 (0.6%).
- Illinois closings customarily involve attorneys for both buyer and seller, and the seller typically pays for the owner's title insurance policy.
A real example: selling a median-priced home in Illinois
Illinois homes sold for a median of $333,814 in May 2026 (Redfin), up 5.6% year-over-year, with 11,717 homes sold statewide. Running the median price through this calculator's Illinois defaults: a 5.5% commission comes to $18,360, the state's 0.10% transfer tax adds $334, and closing costs of 1.0%–2.5% add roughly $5,842 at the midpoint — total deductions land near $24,535, about 7.35% of the sale price.
That transfer tax number holds almost nowhere near Chicago. The city layers its own transfer tax on top of the state and county portions, pushing the combined rate to roughly 1.2% — on the median price, that's about $4,006 instead of $334, and part of it is customarily paid by the buyer. If your sale is inside Chicago city limits, don't use the statewide 0.10% figure.
Frequently asked questions — Illinois
Who pays the transfer tax in Illinois?
0.10% state (+0.05% county) — Chicago ~1.2% combined, partly buyer-paid.
What are typical seller closing costs in Illinois?
Excluding the real estate agent commission, sellers in Illinois typically pay about 1.0%-2.5% statewide; higher in Chicago of the sale price in closing costs. Attorney-state in practice. Owner's title policy customarily paid by SELLER.
What is the typical real estate commission in Illinois?
Commission in Illinois is negotiated between the seller and the listing brokerage — combined rates commonly land in the mid-single digits, but there is no set rate. Since the 2024 NAR settlement, what the seller offers the buyer's brokerage (if anything) is negotiated in the purchase contract, not advertised on the MLS.
Do I need an attorney to sell a home in Illinois?
Illinois closings customarily involve attorneys for both buyer and seller, and the seller typically pays for the owner's title insurance policy.