Real estate in Illinois
Thanks so much in advance
When a company owns a physical property such as real estate, the business must be registered in that state, respectively.
It's usually recommended that each property is registered as it's own LLC. With that in mind, you could register separate LLC's to be owned by you personally for each property, or you could set up a holding company, in Wyoming, Delaware or Nevada for example, and use that company to own and register an LLC for each property.
It's costly to form Illinois LLCs, however in case of real estate holding there is no way around forming your entity in Illinois for that purpose.