Illinois closing date
The day the deal closes, and whether a weekend or holiday pushes it to the next business day.
Multi-Board Residential Real Estate Contract 7.0
Version 7.0. A Multi-Board 8.0 was published in 2025, so check which version you signed.
Closing
It is the date written into the contract.
Source: chicagolandpropertylaw.com · checked 2026-10-16
If it falls on a weekend or holiday
- Closing: It does not move for weekends or holidays.
Most Multi-Board deadlines run in Business Days (Monday through Friday, excluding federal holidays), counted from the Date of Acceptance. Because weekends and holidays are skipped while counting, a business-day deadline never lands on one.
Worked example: Multi-Board Residential Real Estate Contract 7.0
Multi-Board Residential Real Estate Contract 7.0. Effective Date Friday, October 16, 2026, Closing Friday, November 20, 2026. Calculated with the same rules as the calculator.
| Deadline | Date |
|---|---|
| Closing uses undefined days as a placeholder because the form leaves it blank | Friday, November 20, 2026 |
Negotiated a different number?
Change it in the calculator and every date that depends on it recalculates.
Open the Illinois calculatorFrequently asked questions
How is the "Closing" calculated on the Multi-Board Residential Real Estate Contract 7.0?
It is the date written into the contract. It does not move for weekends or holidays.
Do weekends count for this deadline in Illinois?
Most Multi-Board deadlines run in Business Days (Monday through Friday, excluding federal holidays), counted from the Date of Acceptance. Because weekends and holidays are skipped while counting, a business-day deadline never lands on one.
Something missing or incorrect?