Average Closing Costs in Illinois (2026)
Illinois Closing Cost Laws & Requirements
Illinois requires an attorney review period for all real estate contracts — either party can cancel within 5 business days of signing. Illinois has transfer tax at the state level plus additional municipal taxes in Chicago.
Transfer Tax
Illinois State transfer tax is $0.50 per $500. Chicago adds $3.75 per $500. The buyer pays $1.50 per $500 of Chicago portion.
Attorney Requirement
Illinois custom strongly favors attorney representation at closing especially in Chicago.
First-Time Buyer Programs in Illinois
IHDA offers the Access programs with down payment assistance up to $10,000 for qualifying first-time buyers.
Closing Costs by City in Illinois
| City | Typical Range | Avg % of Price |
|---|---|---|
| Chicago | $6,500 – $16,250 | 2.2% |
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