Molly Phelan


77 West Washington Street, Suite 900
Chicago, IL 60602-2804
Tel (312) 973-3896
Fax (312) 726-4622
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Molly Phelan

Molly is a partner with the Chicago office.  She helps clients identify, maximize and protect the full potential of their real estate assets, minimize related tax liabilities, and resolve disputes with tax authorities and government entities. Molly advises real estate companies, investors, and businesses with extensive commercial and industrial real estate portfolios, and municipal organizations on a broad spectrum of real estate taxation matters, including tax assessment valuations, commercial development incentives, government incentives, reclassifications, exemptions, tax parcel divisions, large-scale municipal developments and Tax Increment Financing (TIF).  Her comprehensive understanding of the commercial real estate market was developed in part through her time as a real estate broker in the Chicago area prior to starting her legal career.  Molly regularly represents clients in hearings before review boards, local assessors’ offices, the Illinois Property Tax Appeal Board, and the circuit courts.


  • Loyola University Chicago School of Law, JD
  • University of Notre Dame

Bar Admissions

  • Illinois – 2005

Professional Associations

  • Chicago Bar Association