Estimate how much you'll walk away with after selling your Illinois property. A seller net sheet accounts for commissions, closing costs, and mortgage payoff to show your true bottom line.
Avg Cap Rate
6.5%
Median Price
$286K
Property Tax
1.79%
Vacancy Rate
6.5%
Local Factors
Estimated Net Proceeds
$94,600
What does this mean?
Excellent equity position. Your net proceeds represent a significant return on your original investment. Consider a 1031 exchange to defer capital gains if reinvesting in real estate.
A seller net sheet is a detailed estimate of how much money you'll actually receive after all the costs of selling your home are deducted from the sale price.
Common seller costs include: real estate agent commissions (typically 5–6% split between listing and buyer's agents), title insurance, escrow fees, transfer taxes, recording fees, attorney fees, and any repair credits negotiated with the buyer.
Pro tip: After the 2024 NAR settlement, buyer agent commissions are no longer automatically included in the listing agreement. Sellers may negotiate what — if anything — they offer toward the buyer's agent commission.
Don't forget to account for capital gains tax if applicable. If you've lived in the home as your primary residence for at least 2 of the last 5 years, you may exclude up to $250K (single) or $500K (married filing jointly) in gains from federal taxes.
Keep running the numbers
Know what you'll walk away with in Illinois. Now decide what to do with it.
Find out if selling your home makes financial sense. Analyze equity, rate lock-in cost, capital gains, and compare sell vs hold scenarios.
Calculate timelines and reinvestment requirements for a tax-deferred 1031 exchange.
Estimate total cash needed at closing including down payment, fees, and prepaid items.
Want to analyze a full deal with comps, rehab estimates, and flip projections?
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