Michael Ritchie

"Real Estate Consultant"
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Michael Ritchie, in Chicago, IL
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About Me
Solid experience, unrivaled client service.

Residential real estate development and sales in Chicago and surrounding communities.

Business focus is full service to referral network.

Top Producer honors since rookie year in the business.

Hard worker, tough negotiator and creative problem solver.
Testimonials
"“We love our new home that Michael helped us find and purchase. He went above and beyond to make sure we got a great deal on our house and to help us through the process. Michael was always available any time of day to answer questions and he also gave us great referrals for home improvements. We would absolutely recommend Michael to anyone and we will definitely be calling him again when it comes time to sell!!”"
Melissa & Jed -Chicago Thu Nov 15, 2007
"“Mike did a great job from start to finish on our home purchase. He was thorough in his knowledge of the neighborhood in which we wished to purchase and pre-viewed locations on his own to limit our viewings to homes he knew we would be interested in. As great as this was, it was nothing compared to his negotiating skills and working with the seller to get the best value for us. We will be using Mike again for our next move.”"
Dave D. -Chicago Wed Mar 26
"“In the overcrowded Chicago condo market, Mike Ritchie sold our place downtown in record time and for a great price. Mike was always available for questions and responded to our messages in a timely fashion. I appreciated his advice and help to stage our condo for the fastest sale possible along with an eventually sale price very close to our list price. His style is both approachable and very professional. He gave our listing his full attention and really went above and beyond what is typical to sell our property. I would definitely hire him again and would highly recommend his services to everyone.”"
Michele B. - Chicago Fri May 2
"Mike Ritchie did an excellent job of marketing our home. My wife and I interviewed agents from two other firms before we talked/met with Mike. We decided to go with him because he was the most enthusiastic and confident about selling our condo. It was almost as if he liked our home as much as we did. The results were fantastic. He generated a lot of traffic in a short period of time and got us a very acceptable offer in less that two weeks. From the time he took the listing until the day it closed, he was totally accessible. I called him several times during that period and only got his voicemail on two occasions. I'd recommend him to anyone who's looking to sell their house/condo for a fair price!"
Mark & Karie C.-Chicago Tue Jul 3, 2007
"Michael was an invaluable resource throughout the process of purchasing my first home. His patience, expertise, and listening skills turned what was an apprehensive time into a flawless, confident experience that left me completely satisfied. I appreciated Michael's integrity so much that I recommended him to a friend"
Ryan B.-Chicago Fri Sep 21, 2007
"Michael is an excellent real estate broker. He has a vast knowledge of the Chicagoland area and will go the extra step to satisfy your requirements."
Steve C.-Chicago Thu Jan 10
"Mike Ritchie listened to what we wanted, asked great questions, went out and found our home. We had been in the real estate market for over 3 years between San Francisco and Chicago. We joined up with Mike and found a place in 3 weeks. He did a great job representing our side, and we have been recommending Mike to our friends, family and business associates."
Jeff D. and Stephanie L.-Chicago Wed Oct 1
"Mr. Michael Ritchie is a highly responsible agent. As I am now living in Asia, and if without his help, we wont be able to sell the condo at Chicago so smoothly and quickly. I highly recommned Michael to be your agent, and I am sure you will find very happy about him as well."
Michelle F. - Chicago Mon Sep 1
"We thought that Mike was very friendly as well as knowledgeable about the area where our house was located and about the real estate profession. He kept us informed as to what was going on with our house while it was on the market and when it was under contract. He was willing to go above and beyond to make the sale of our house go as smoothly as possible and we really appreciated that because we only had 3 weeks from contract to close. Though we no longer live in Chicago, we would happily recommend him to family and friends in the Chicago area. I really liked that he had a list of references that we could call-I thought it was good to know that he had a list of people who were happy former clients."
Sarah & Marc O.-Chicago Tue Apr 1
"We worked with Michael Ritchie to buy a new house and sell our existing condo. Michael was extremely professional, he added a ton of value and the best part was that we set a new HIGH for the price we got on the Condo and a new LOW for the price we bought our new house. We’re thrilled. Thanks."
Melissa & Jeff A. -Chicago Mon Oct 6
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Michael Ritc…'s Questions (0)
Michael Ritc…'s Answers (1)
Susan Okimoto, Buyer & Seller in Chicago

How much does it cost to convert a two flat apartment into a single family home?

Asked Tue Aug 19 2008, 20:31 by Susan Okimoto  -  Edgewater  -  Remodel & Renovate  -  2 answers
Michael Ritchie answered:
That's a great question Susan. I have three 2-flat conversions currently underway, one that is almost complete at 1660 W Carmen and another two in Old Irving Park and Lakewood-Balmoral respectively. The key is the condition and layout of the existing property. It's common knowledge that you can put as much $$ as you want into it and if you ask a contractor, they will spend your money happily. This is a long discussion so feel free to give me a call to discuss where to start. There are ways you can rule something in or out and at the end of the day, the market (and the bank) has to support the end product value. In other words, the sum of purchase and rehab cannot exceed 80% of the final market value.
2 flats, especially brownstone, greystone, and brick, make excellent homes and having a team including architect, designer and contractors who have experience in these conversions is critical. It also helps to have an experienced agent who can seek and find a viable subject property without guess work and risk. - Tue Aug 19 2008, 22:27
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My Listings
424 Park Ave, River Forest, IL 60305 424 Park Ave…
$249,900
2 br  2 ba  
844 W Diversey Pkwy, Chicago, IL 60614 844 W Diver…
$525,000
  0.0 ba  
515 N Noble St, Chicago, IL 60642 515 N Noble…
$299,900
1 br  1.0 ba Listing Web Site
515 N Noble St, Chicago, IL 60642 515 N Noble…
$325,000
1 br  1 ba  
808 S Grant St, Hinsdale, IL 60521 808 S Grant…
$1,189,000
3 br  4.0 ba Listing Web Site
1660 W Carmen Ave, Chicago, IL 60640 1660 W Carm…
$950,000
5 br  3½ ba Listing Web Site
View all 12 listings
Certifications & Awards
Top Producer - Chicago Association of Realtors
Top Producer - @properties
"Rookie of the Year" 2004 - @properties
"Road to the Rolex" winner 2006 - @properties
Interests
President of Alumni and Housing Corporation
SIgma Nu Fraternity at University of Illinois - Urbana, IL

Alumni Officer of the Year - 2007
Sigma Nu National Fraternity
Lexington, VA
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