Reserve Study Companies in Chicago
Chicago has a very large stock of condominium high-rises and converted vintage buildings, and the city’s facade ordinance adds its own repair cycle to the reserve plan. 3 firms are based in the Chicago area, 4 more work in Illinois, and 7 national firms cover it.
Associations in the Chicago area
Lakefront high-rises run from the South Loop and Streeterville through the Gold Coast, Lincoln Park and Lakeview to Edgewater; vintage courtyard and greystone buildings converted to condominiums fill the North Side; and townhome and condominium associations spread through the suburbs of DuPage, Lake and Will counties.
The high-rise facade ordinance
The City of Chicago requires periodic inspection of the exterior walls of buildings 80 feet or taller, and the masonry, concrete balcony, sealant and window repairs those inspections call for belong in the reserve study. Illinois law requires condominium budgets to provide reasonable reserves (765 ILCS 605/9) but does not require a study or define reasonable. A firm that has read the latest facade report will price that work into the plan instead of leaving it for a special assessment.
firms on our list with an office in the Chicago area.
firms on our list state that they work in Illinois, national firms included.
set by Illinois law; three to five years between studies is the usual practice.
Firms based in the Chicago area
Facts read from each firm's website or a public register. No ratings, no paid placements.
| Firm | Based in | Works in | Credentials stated | Services |
|---|---|---|---|---|
| Building Technology Consultantsbtc.expert | Arlington Heights, IL | Illinois | Not stated | reserve study, transition study |
| Structural Technologies, Inc.structuraltechnologiesinc.com | Bloomingdale, IL | Illinois | Not stated | reserve study |
| Waldman Engineering Consultantswaldmaneng.com | Lisle, IL | Illinois | Not stated | reserve study |
Other firms working in Illinois
Based elsewhere, and stating on their own sites that they work in Illinois.
| Firm | Based in | Works in | Credentials stated | Services |
|---|---|---|---|---|
| Building Reservesbuildingreserves.com | Not stated | 11 states, including Illinois | Not stated | reserve study |
| Facilities Advisorsfacilitiesadvisors.com | Not stated | 9 states, including Illinois | RS | reserve study, capital planning |
| Kipconkipconengineering.com | North Brunswick, NJ | 6 states, including Illinois | RS, PE, CAI member | reserve study, SIRS, transition study |
| zumBrunnenzumbrunnen.com | Atlanta, GA | 13 states, including Illinois | Not stated | reserve study, transition study, property condition assessment |
National firms
Each states on its own site that it works in all fifty states.
| Firm | Based in | Works in | Credentials stated | Services |
|---|---|---|---|---|
| Apex Reserve Groupapexreservegroup.com | Irvine, CA | All 50 states | Not stated | reserve study |
| Association Reservesreservestudy.com | Not stated | All 50 states | RS, PE | reserve study |
| Global Solution Partnersglobalsolutionpartners.com | Not stated | All 50 states | RS, PE | reserve study, SIRS, insurance appraisal, transition study, capital planning |
| MillerDodson Associatesmillerdodson.com | Annapolis, MD | All 50 states | Not stated | reserve study, transition study |
| Reserve Advisorsreserveadvisors.com | Milwaukee, WI | All 50 states | Not stated | reserve study, SIRS, insurance appraisal |
| Reserve Data Analysisreservedataanalysis.com | Not stated | All 50 states | Not stated | reserve study, SIRS |
| The Falcon Groupthefalcongroup.us | Warren, NJ | All 50 states | RS, PRA | reserve study, SIRS, transition study, capital planning |
Distance and the fee in Chicago
Firms based in Arlington Heights, Lisle and Bloomingdale cover the city and the suburbs, and Milwaukee firms are about two hours north. Travel is rarely the cost in Chicago; high-rise access, the garage and the mechanical plant are.
Proposals from firms in different cities will differ on the level of service and the travel line before they differ on the fee. Comparing proposals sets out what to read first, and the firms near you page explains how distance is priced.
More in Illinois
- All of IllinoisReserve fund rules only
Tell us the association's ZIP code and size and we will find a firm that works in Chicago.
Get a quoteWhat Illinois law says
Illinois regulates reserve funds without requiring a study. 765 ILCS 605/9 (condos); 765 ILCS 160/1-45 (CICAA) sets rules on how reserves are held, funded or disclosed; the amount the association should hold is left to the board, which is exactly the question a reserve study answers.
On disclosure: Disclosure shows reserve status and amount (per CAI).
General information checked against the statute, not legal advice. Governing documents can require more than the law does.
Questions from boards in Chicago
Does Illinois require a reserve study?
Should the facade inspection and the reserve study be done together?
Is a reserve study required in Illinois?
What does a reserve study cost in Chicago?
Where this information comes from
Related pages
- Reserve study companies in IllinoisEvery firm serving the state.
- Reserve study costEstimator and ranges by size.
- Find firms near youPick a state, then a metro area.
Request proposals in Chicago
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