Assisted Living Communities for Sale in Illinois
Discover investment opportunities in Illinois's senior living market. Connect with pre-vetted buyers and sellers through SeniorCRE's specialized marketplace.
Illinois Market Overview
Illinois market is bifurcated: Chicago metro offers scale and affluent suburbs with high private-pay capacity, but state fiscal challenges and outmigration create headwinds. Downstate markets more affordable but slower growth. Strong institutional buyer presence in Chicagoland.
Population 65+: 16.6%
Median Income: $72,205
Growth Rate: 1.9% annually
Price/Bed: $95,000 - $155,000
EBITDA Multiple: 4.5x - 6.0x
Typical Sale: 7-11 months from listing to close
Key Markets in Illinois
Regulatory Environment in Illinois
Overview
Strict - Illinois Department of Public Health regulates assisted living and shared housing establishments. Comprehensive regulations including staffing ratios, training requirements. Administrator licensure mandatory. Union presence in Chicago area impacts labor costs. Licensing transfers 60-90 days.
Licensing Authority
Illinois Department of Public Health - Division of Long-Term Care
Typical Transaction Timeline
7-11 months from listing to close
Why List Your Illinois Facility on SeniorCRE®?
For Sellers
- ✓Pre-vetted Illinois buyers familiar with state regulations
- ✓Healthcare M&A advisors with IL transaction experience
- ✓Confidential deal matching and NDA workflow
- ✓State-specific licensing transfer guidance
For Buyers
- ✓Exclusive access to Illinois off-market opportunities
- ✓Detailed IL market analytics and comps
- ✓Understanding of Illinois reimbursement rates
- ✓Post-transaction operator platform for seamless integration
Ready to Buy or Sell an Assisted Living Community in Illinois?
Connect with Illinois's most active senior living buyers and sellers. SeniorCRE's specialized marketplace brings together qualified operators, institutional investors, and healthcare brokers who understand IL regulations and market dynamics.