10's on $5,000 ?

Exactly........ no rush.
Take your time.

Does your state still use a title for vehicles that old?

The greed of Illinois, when you scrap a vehicle it has to have a title in your name. If it's not in your name the money goes to who's ever name is on it. And don't try to scrap one without a title they won't take it.
Every vehicle has to have a title. And if it has plates on it even if it's sitting there without an engine in it, it has to have insurance.