If all your eggs are in this strategy for your move, I would strongly advise doing some underwriting and research concurrently with this selling decision.

If it is your primary residence as indicated, just sell it and skip the 1031I Persue all 3 payment options concurrently and see which pans out as your best deal.

. - You've got some pretty solid information above and concurrence that it shouldn't cost nearly as much as you thought, but on a separate note, I'd like to understand your situation a bit better.You are currently just looking for a Chicago property to purchase and asking the quit claim question in preparation for closing? 

This can be very gray as you run into concurrent fund issues and fund of fund issues.Regarding the above, there is a lot to unpack here as it appears there are multiple REIT's, a 506c offering, training programs with notes in it etc. and honestly, I have no idea of the inner workings of all of these (nor do I care about them), but seems like a lot going on and its very complex - which for me I am a keep it simple stupid person.

However, you must give both a 5 and 14 day notice (concurrently) which must be properly served, and it gets more technical from there. 

Concurrently there is a huge value-wise as well as strategic realignment happening in almost all commercial sectors and we have yet to see who the long term winners will be.

And state's AG's should concurrently prosecute those cases in criminal courts.

I’ve had success with infill development, exiting through a sale at the end, but have reached a bottleneck in how many concurrent projects I can fund. 

I’ve seen some long term options - as long as 25 years in one case, but it was concurrent with a triple net lease of the same length of time with the property being commercial.If the option is with a homeowner then you deal with consumer protection laws, Dodd Frank act, and CFPB.  

I'd think you'd need to list both addresses as the replacement property concurrent with the single APN.