Real Estate Law · DuPage County, Illinois
Residential and commercial closings handled with care from contract to keys, so the details are covered before you sign.
A properly structured 1031 exchange defers capital gains tax on the sale of investment real estate — letting you reinvest the entire proceeds into a replacement property. We handle the legal side of 1031 exchanges across Illinois.
We’ve handled this specific area of real estate law for DuPage County clients for over three decades. We integrate it with our broader real estate practice — closings, title, leases, litigation — so you get one team handling all aspects of your matter.
We address the full range of issues in this area.
1031 exchange requirements (like-kind, time limits, identification rules)
45-day identification and 180-day exchange windows
30+ years in DuPage and Cook County courts and recorder offices.
Chris or John handles your file personally.
Real estate, litigation, and estate planning under one roof.
We’ll tell you realistic outcomes — including when settlement is better than litigation.
Flat fees where possible, clear hourly rates where flat doesn’t fit.
Your calls returned, your questions answered.
From our Villa Park office, we represent clients across DuPage County and the western suburbs of Chicago.
Exchanges of real property held for investment or productive use in a trade or business. Personal residences don’t qualify. The replacement property must be ‘like-kind’ to the relinquished property — but ‘like-kind’ for real estate is very broad (apartment for farmland, retail for office, etc.).
You must identify potential replacement property within 45 days of selling the original property, and close on the replacement within 180 days. These deadlines are strict — IRS won’t extend them.
Yes — for a delayed exchange, you cannot touch the proceeds from the original sale. They must be held by a qualified intermediary (QI). We coordinate with QIs but don’t act as QI ourselves (legal conflict).
Yes — you can identify up to three replacement properties without limitation, or more under the ‘200% rule’ or ‘95% rule.’ This flexibility is one of the most powerful aspects of 1031 planning.
When you acquire the replacement property before selling the original. More complex and expensive, but useful when timing forces you to buy first. Requires careful structuring through an Exchange Accommodation Titleholder.
A free consultation tells you whether you have a viable matter and what the realistic process looks like.