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Leah Badach, 1031 Exchange Specialist serving Illinois

1031 Exchange Specialist Illinois

Certified Exchange Specialist

The Sontag Group The Sontag Group

Illinois's trusted qualified intermediary for seamless 1031 tax-deferred exchanges on multi-family, commercial, and industrial properties.

10+
Years
5,000+
Exchanges
$1B+
Facilitated

1031 Exchanges in Illinois

Looking to defer capital gains taxes on your Illinois investment property? A 1031 exchange lets you sell and reinvest into like-kind property while keeping 100% of your equity working for you. Chicago's diverse real estate market offers excellent 1031 exchange options.

Illinois taxes capital gains at a flat 4.95% rate. Working with a Certified Exchange Specialist ensures you meet every IRS deadline and maximize your tax deferral — whether you're exchanging multi-family, commercial, and industrial properties in Chicago, Aurora, Naperville, Springfield.

Leah Badach, CES at The Sontag Group, has facilitated over 5,000 exchanges totaling more than $1 billion nationwide, including forward exchanges, reverse 1031 exchanges, DST exchanges for passive investors, and construction/improvement exchanges.

Illinois 1031 Exchange FAQ

Common questions from Illinois investors

How does a 1031 exchange work in Illinois?
A 1031 exchange in Illinois follows the same IRS rules as anywhere in the U.S. You sell an investment property, a qualified intermediary holds the proceeds, you identify replacement properties within 45 days, and close within 180 days. Illinois taxes capital gains at a flat 4.95% rate.
Do I need a qualified intermediary in Illinois?
Yes. IRS rules require a qualified intermediary (QI) to facilitate your 1031 exchange. The QI holds your sale proceeds and ensures compliance with all deadlines. You cannot touch the funds yourself, or the exchange is disqualified. Talk to a certified QI today.
What properties qualify for a 1031 exchange in Illinois?
Any property held for investment or business use qualifies, including multi-family, commercial, and industrial properties. Primary residences and fix-and-flip properties do not qualify. Your replacement property can be in any U.S. state — you're not limited to Illinois.
Can I exchange my Illinois property for one in another state?
Absolutely. 1031 exchanges allow you to sell in Illinois and buy replacement property anywhere in the United States. Many investors use this to diversify into different markets or move into passive investments like DSTs.
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