Fund Flow

Raise capital with confidence.

Illinois Syndication

Real Estate Syndication Software for Illinois GPs

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 Syndication Compliance

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 for Syndicators

Key metrics for syndication opportunities in Illinois.

$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

Illinois Syndication Compliance Requirements

Essential legal and regulatory information for raising capital in Illinois.

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

Major Markets in Illinois

Explore syndication opportunities in Illinois's largest metros.

Frequently Asked Questions

Common questions about real estate syndication in Illinois.

Illinois combines Series LLC formation ($150), low Blue Sky fees ($100), fast processing (1-2 weeks), and Chicago's institutional-quality market. This regulatory efficiency allows syndicators to focus on operations rather than compliance.

Ready to Scale Your Illinois Syndication Business?

Join operators who've automated their back office with FundFlow. AI agents handle investor verification, distributions, and compliance while you focus on deals.

Automated accreditation verification
Waterfall distribution calculations
SEC-compliant document generation
Multi-state Blue Sky tracking
Illinois Real Estate Fund Software | Syndicators | Fund Flow