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Illinois Real Estate

Real Estate Flip Software for Illinois Investors

Illinois offers one of the most GP-friendly regulatory environments for real estate syndication. As an early adopter of Series LLC legislation in 2005, the Prairie State allows operators to create multiple liability-protected series within a single entity structure. Combined with Blue Sky filing fees of just $100—among the lowest in the nation—and processing times of 1-2 weeks, Illinois removes many of the friction points that slow down fund formation in other states. Chicago's multifamily market, with cap rates averaging 6.8%, provides attractive entry points for value-add syndications.

$265,000
Median Home Price
6.8%
Avg Cap Rate
12,582,032
Population
3.2%
YoY Appreciation

Illinois Compliance at a Glance

Series LLC
Domestic formation allowed since 2005
$150 filing fee
Blue Sky Filing
Required within 15 days after first sale
$100 fee • 1-2 weeks

Key Compliance Points

  • Domestic Series LLC formation since 2005 ($150 filing fee)
  • Lowest Blue Sky filing fee among major states ($100)
  • Fast processing: 1-2 weeks
  • Annual LLC report required ($75)
Source: Illinois Limited Liability Company Act 805 ILCS 180/37-40

Illinois Real Estate Market Overview

Key metrics for real estate investors evaluating Illinois opportunities. Data sourced from Zillow, Redfin, and state regulatory filings.

$265,000
Median Home Price
6.8%
Average Cap Rate
3.2%
YoY Appreciation
$100
Blue Sky Filing Fee

Market Highlights

1

Median home price $265K (excellent affordability)

2

Average cap rates 6.8% for multifamily

3

Year-over-year appreciation 3.2%

4

Strong rental demand in Chicago metro

Last verified: February 2026 | Sources: US Census Bureau, Zillow, Redfin, CoStar

Illinois Compliance & Legal Requirements

Essential legal and regulatory information for raising capital in Illinois. Always consult a securities attorney for your specific situation.

Series LLC Formation

Available
Formation Year2005
Filing Fee$150
Annual Report$75

Illinois was an early adopter of Series LLC legislation. Annual report required ($75).

Source: Illinois Limited Liability Company Act 805 ILCS 180/37-40

Blue Sky Filing

Required
Filing Fee
$100
Processing Time
1-2 weeks
Deadline
15 days after first sale

Illinois Securities Department offers some of the lowest Blue Sky fees and fastest processing.

Source: Illinois Securities Law of 1953 § 137.4

SEC Regional Office

Chicago Regional Office
Address
175 W. Jackson Boulevard, Suite 1450, Chicago, IL 60604
Phone
(312) 353-7390

Source: SEC Regional Office Directory (sec.gov/contact)

Important: This information is for educational purposes only and does not constitute legal advice. Securities laws are complex and vary by situation. Always consult a qualified securities attorney before raising capital from investors.

Major Markets in Illinois

Explore real estate opportunities in Illinois's largest metros. Each market has unique characteristics for house flipping.

Chicago

IL Metro Area

$335,000
Median
6.8%
Cap Rate
9.5M
Population

Third-largest metro in US (9.5M residents)

Looking for other states? Explore our flipper guides:

texasfloridacaliforniaarizonacolorado

Frequently Asked Questions

Common questions about house flipping and raising capital in Illinois.

Yes, Illinois was an early adopter of Series LLC legislation in 2005. The filing fee is $150 with a $75 annual report requirement. This makes Illinois one of the most cost-effective states for structuring multiple flip projects.

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Illinois Real Estate Flip Software | Real Estate Flippers | Fund Flow