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Find Appraisal real estate pros in Chicago

Avatar for Chicagoland Valuation Group, Inc.
Chicagoland Valuation Group, Inc.
5.0(
7
)

Serving Chicago, IL and surrounding areas

Approved

In business since 1997

Free estimates

Credit card accepted

"My experience with Chicagoland valuation Group Inc was 100% satisfactory. Once I put the request on Angi I got 3 calls from different agents and Tom understand my situation and how urgent I needed this appraisal. He was so understanding and friendly and was able to get the appraisal by the time line I needed for in a matter of 24hrs. So if you need an appraisal Tom is your go to guy I 100% recommend anyone to hire him. Thank you for your business."
Chicago (Wicker Park)
Response time6 hrs
Response rate87%
16 neighbors recently requested a quote
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Avatar for MJ/Johnson Appraisals
MJ/Johnson Appraisals
4.7(
353
)

Serving Chicago, IL and surrounding areas

Approved

Super Service Award Winner

In business since 2005

Customers say: True professional

"Michael was prompt and very professional. The turn-around time was incredible!! Excellent price too. I will be recommending Michael to anyone in need of a thorough and fair real estate appraisal."
Response time5 hrs
21 neighbors recently requested a quote
Recommended by85%of homeowners
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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
3.9(
27
)

Serving Chicago, IL and surrounding areas

Approved

In business since 2018

Credit card accepted

Offers commercial services

"Very prompt in getting the appraisal back to me. I like their immediate attention. They offered assistance and follow-up even after the job was done. Thank you!"
Restaurant
Response time6 hrs
2026 neighbors recently requested a quote
Recommended by17%of homeowners
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Avatar for Book Value Appraisals
Book Value Appraisals
5.0(
1
)

Serving Chicago, IL and surrounding areas

Approved

In business since 2015

Free estimates

Credit card accepted

Locally owned and operated real estate appraisal firm serving central and northeastern Illinois. We are experienced with all types of residential appraisals including single family units, 2-4 unit income properties, condominium, land appraisals, pre-listings, estate appraisals, bankruptcy and assessor related services, and more. Our priority is a high quality appraisal delivered in a quick turn around. Please call for availability outside of listed business hours.

Response time12 hrs
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Avatar for Mcneeley Appraisals, LLC
Mcneeley Appraisals, LLC
4.8(
13
)

Serving Chicago, IL and surrounding areas

In business since 2002

Free estimates

Small jobs welcome

"Tom McNeeley did an appraisal of my home for a property tax appeal before the Illinois property tax appeal aboard (PTAB) and provided expert testimony supporting his appraisal at the appeal hearing before the administrative law judge (ALJ). His appraisal was comprehensive and fair and his testimony before the ALJ was thorough and skillful. Tom was very accommodative with his time and was easy to work with. I thought his fee for the appraisal and for his expert testimony were very fair. I highly recommend using McNeeley Appraisals, particularly with respect to property tax cases."
Hinsdale Appraisal
Response time8 hrs
Response rate97%
Recommended by100%of homeowners
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Avatar for Zivka Ljutic
Zivka Ljutic
5.0(
12
)

Serving Chicago, IL and surrounding areas

In business since 2000

Free estimates

Credit card accepted

"We hired Zivka to verify the a homes square footage that was considered being purchased. She was very prompt, responsive and provided a perfectly detailed report."
Response time5 hrs
Recommended by100%of homeowners
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FAQs for appraisal real estate service projects in Chicago, IL

The appraisal timeline begins with scheduling, which may take three to five days, depending on local appraiser availability. The on-site evaluation requires one to three hours based on property size and complexity. Following the inspection, appraisers need two to five days for research, analysis, and report preparation. The entire process takes seven to 10 days, though complex properties or government-backed loans may extend this timeframe.

The value of home appraisals extends beyond their immediate expense. They protect buyers from overpaying and help lenders ensure appropriate loan amounts. By providing independent market value verification, home appraisals help prevent potential financial missteps in major property transactions. This protection justifies the upfront cost for most real estate scenarios.

Home appraisers evaluate numerous property elements, including square footage, floor plan functionality, overall condition, and specific features. They document improvements, necessary repairs, and distinctive amenities. These observations are compared against similar properties recently sold in the neighborhood. Appraisers also consider location factors, current market conditions, and relevant zoning or property restrictions.

Yes, home appraisal fees are collected before the final closing. Since lenders require completed home appraisal reports before finalizing loan approvals, this cost occurs earlier in the transaction process. While buyers usually cover this expense, payment methods vary—some pay directly to the appraiser while others include it in closing costs.

Some property owners successfully use recent appraisals when challenging tax assessments. However, tax-assessed values often differ from market valuations. The appeal process involves submitting your appraisal as evidence that the tax authority's valuation exceeds actual market value. Success rates vary by jurisdiction, and the process may require patience and persistence.

From the buyer's perspective, appraisals verify they aren't overpaying for a property. Lenders won't approve financing that exceeds appraised value, potentially requiring buyers to renegotiate or contribute additional cash. Appraisal findings can also inform future improvement planning and investment decisions.

For sellers, preparation makes a difference. Clean, well-maintained properties present better during appraisal evaluations. Some sellers obtain pre-listing appraisals to establish appropriate asking prices, though most rely on the buyer's lender-ordered appraisal during the transaction process.

The Chicago, IL homeowners’ guide to appraisal real estate services

From average costs to expert advice, get all the answers you need to get your job done.

See all articles
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