Welcome To

Second City Appraisal

Reliable Appraisal Services in Chicago, IL
Second City Appraisal

Location

420 Lake Cook Rd Ste 116 Deerfield, IL 60015
Second City Appraisal

Hours

Monday-Friday:
8:30 am – 5pm

About Us

We provide thorough and reliable appraisal services for clients throughout the Chicago community.

Here at Second City Appraisal, we’re proud to offer accurate and reliable appraisal services in the Chicago, Illinois region and beyond. As a locally owned and operated business, we strive to offer top-notch services for every client who relies on us, which means leveraging modern technology and completing detailed analyses of local communities to ensure trustworthy results. Whether you need appraisal services following a divorce, before investing in new property, or for estimating the value of your estate, our dedicated team has you covered.

Our company is unique in the fact that three generations of our family have worked as appraisal professionals. The owner and founder of our business has been interested in the industry from a young age, learning all about the process from his father. Although our company was founded in 2017, we have over 25 years of combined experience to guarantee exceptional service for every client.

If you’d like to learn more about our services or schedule a consultation, please reach out to us today.

Our Services

What We Offer

Commercial Appraisal

We’re proud to offer comprehensive commercial appraisal services for several types of properties.

Land Appraisal

We offer land appraisal services to help homeowners, prospective buyers, and mortgage lenders understand the value of the property.

Tax Appraisal

Trust our experienced team to accurately determine the value of your property for tax purposes.

Book Your Appointment

Not exactly sure what type of appraisal you need or unfamiliar with the process? Contact us and we’ll address any questions you have.

Frequently Asked Questions

Understanding the appraisal process doesn’t have to be complicated. Take a look at our frequently asked questions to learn more about our services, process, and what sets us apart. You can also reach out to us directly if the information you need is not included here.

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What information is needed to start a commercial appraisal?

Typical items include the property address, use of the appraisal (financing, sale, tax, estate, etc.), rent rolls, income and expense statements, and building plans if available.

Are your commercial appraisals suitable for lending purposes?

Yes, our reports follow accepted appraisal standards and are commonly used by banks, lenders, attorneys, and financial institutions.

What types of land can you appraise?

We appraise many different types of land, including vacant residential lots, commercial development land, agricultural land, and investment parcels.

Does the land need to be surveyed prior to an appraisal?

A survey is not always necessary, but it can be extremely helpful, especially for irregular parcels or development tracts.

What types of properties can be included in a rent survey?

Rent surveys are common for apartment buildings, office spaces, retail spaces, industrial properties, and mixed-use developments.

Can a rent study help with lease disputes or negotiations?

Yes, a professionally prepared rent study can provide strong support during lease negotiations, disputes, or court proceedings.

What should I expect during the appraisal process?

During your appraisal, we will evaluate your property using up-to-date market data and valuation methods. We will deliver a detailed, narrative-style report that is tailored to the specific type of property and appraisal purpose (sale, tax appeal, estate, etc.), and we can also work with you to gather any necessary additional information or clarify any questions you have so that you stay fully informed about the results and next steps.

Why Choose Us?

Never needed an appraisal before?

Here are a few reasons why we’re the go-to appraisal company in the Chicago area.

Locally Owned & Operated

We’re proud to be a small local business that operates in the same community we live in.

Experienced

We have over 25 years of experience in the industry and are a member of the Appraisal Institute, the Illinois Coalition of Appraisal Professionals, and the Illinois Property Assessment Institute. We also served as the President of Illinois Association of Certified Real Estate Appraisers in 2015 and 2017.

Licensed

We are fully licensed and currently serve on the Board of Directors and the Executive Committee of the Chicago Chapter of the Appraisal Institute.

We have worked with Second City Appraisal for several years and have had nothing but positive experiences. Our questions have been answered quickly and in detail. Second City’s commercial appraisals are thorough and written professionally. We have a great working relationship with Andrew Richter. He cares deeply about his clients and delivery of his appraisals. We are extremely satisfied with Second City Appraisal and will continue our working relationship in the years to come.

—Patti M.

Second City Appraisal

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