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To complete a 1031 exchange in North Chicago, IL, you must work with a qualified intermediary to hold your funds and sign an agreement. At 1031 Nationwide, we can provide the expertise and support you need to ensure a successful exchange.
To participate in a 1031 exchange, you must first sell your existing property, which is known as the “relinquished property.” All deadlines for the exchange process are based on the closing date of the relinquished property, not the contract date.
Once you’ve sold your relinquished property, the next step in a 1031 exchange is to identify potential replacement properties to buy. This is a crucial step in the exchange process, and it must be completed within 45 days of the sale of the relinquished property.
The final step is to purchase the replacement property within 180 days of selling the relinquished property. This six-month window allows you to find and close on a suitable replacement that meets your investment goals and the exchange requirements.
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process. We understand that navigating a 1031 exchange in North Chicago, IL can be complex and time-consuming, but with our expertise and experience, we can guide you every step of the way.
Our team of qualified intermediaries has helped countless investors across the country successfully complete their 1031 exchanges, unlocking new opportunities for growth and financial freedom. We offer personalized guidance and support throughout the entire process, from identifying potential replacement properties to closing the deal.
At 1031 Nationwide, we understand that completing a 1031 exchange can be a complex and daunting process. That’s why we offer a range of services to simplify the exchange process and help…
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At 1031 Nationwide, we are dedicated to helping real estate investors grow their portfolios and achieve their financial goals through 1031 exchanges. We understand that navigating the complexities…
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process in North Chicago, IL. We understand that navigating a 1031 exchange…
Learn More
North Chicago officially became a city in 1901. This Lake County city is not to be confused with the nearby town known as "Chicago," as the two locations are separate entities. Initially established as a manufacturing center, North Chicago has evolved into a vibrant hub offering a mix of residential, commercial, and industrial spaces.
With a population of approximately 30,000 residents, North Chicago boasts a diverse community that contributes to its unique culture. The city's rich history, combined with its strategic location near Lake Michigan, makes it an attractive place to live and work. Residents enjoy a variety of amenities, from parks and recreational facilities to schools and shopping centers.
The real estate market in North Chicago presents a range of housing options, from historic homes to modern developments, catering to different preferences and budgets. Property values have shown steady growth in recent years, reflecting the city's appeal as a desirable residential area. Whether you are looking to buy, rent, or invest in real estate, North Chicago offers opportunities for those seeking a dynamic urban lifestyle.
We have worked with various companies, just a few we have partnered with. You can be assured that your 1031 Exchange will be handled appropriately.
