Multifamily Property Identification
Multifamily property identification service specializes in sourcing apartment buildings, townhome communities, and residential rental properties that qualify as like kind replacement properties for Chicago, IL investors. This service focuses exclusively on multifamily assets nationwide to help investors meet their forty five day identification deadline and one hundred eighty day closing requirement.
Our team maintains relationships with multifamily sponsors, apartment brokers, and development partners across all major markets. We provide property underwriting, rent roll analysis, and market data specific to multifamily assets. The service coordinates with your Qualified Intermediary to ensure proper identification letter structure and works with qualified escrow agents to facilitate compliant closings within the one hundred eighty day window.
Chicago, IL investors benefit from our specialized focus on multifamily properties, which often have different underwriting criteria and market dynamics compared to other asset classes. We understand the specific requirements for multifamily replacement property identification and can help structure exchanges that comply with IRS like kind rules.
What We Include
- •Specialized multifamily property sourcing nationwide
- •Apartment building and townhome community identification
- •Rent roll analysis and T12 financial reviews
- •Multifamily market data and cap rate comparisons
- •Coordination with Qualified Intermediary for identification letters
- •Qualified escrow coordination for one hundred eighty day closings
- •Daily deadline monitoring for forty five day and one hundred eighty day milestones
- •Property underwriting summaries specific to multifamily assets
Common Situations
Chicago, IL investor selling commercial property and needs to identify multifamily replacement properties within forty five days
Investor seeking apartment buildings in specific markets and needs specialized multifamily sourcing support
Investor with multiple multifamily identification options and needs underwriting analysis to make selection decisions
Example of the type of engagement we can handle
Service Type
Multifamily Property Identification
Scope
Identify multifamily replacement properties across major metropolitan markets nationwide within forty five day deadline
Client Situation
Investor selling Chicago industrial property and needs to identify apartment building replacement properties in Sunbelt markets before forty five day deadline
Our Approach
Specialized multifamily sourcing team scanning apartment inventory nationwide, providing rent roll analysis and market data, coordinating with Qualified Intermediary for identification letter structure
Expected Outcome
Multiple vetted multifamily replacement property options identified with complete underwriting data and compliance documentation before forty five day deadline
Educational content only. Not tax, legal, or investment advice.
Related Services
Industrial Property Identification
Source logistics, distribution, and manufacturing assets for 1031 exchanges.
Learn moreNNN Property Identification
Triple net lease properties with investment grade tenants for 1031 exchanges.
Learn moreProperty Identification Concierge
White glove outreach to sponsors, brokers, and developers to secure vetted replacement options.
Learn moreFrequently Asked Questions
What identification rules apply to multifamily property identification for Chicago, IL investors?
How does boot affect Chicago, IL investors exchanging into multifamily properties?
Can Chicago, IL investors identify multifamily properties in different states?
What happens if Chicago, IL investors cannot close on identified multifamily properties within one hundred eighty days?
How does multifamily property identification differ from other asset class identification for Chicago, IL investors?
Ready to Get Started?
Contact our team to discuss how Multifamily Property Identification can support your 1031 exchange in Chicago, IL. We'll help you navigate the 45-day identification deadline and 180-day closing requirement.