Illinois Home Seller 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.
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: June 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, split between the listing and buyer's agents. Always negotiable.
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.
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?
The typical combined real estate commission in Illinois is around 5.5% of the sale price, split between the listing and buyer's agents. Commission is always negotiable.
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.