630-581-5164

Kevin A. Byrnes, MAI

Co-Founder

Founding member of Byrnes & Walsh, LLC, a real estate appraisal and consulting firm in
Oak Brook, Illinois.

  kbyrnes@bhwappraisal.com  |    630-624-0935

Experience
  • Active commercial real estate appraiser since 1990.
  • Appraisal, review, and consulting services for a wide array of properties including
    development sites, large distribution warehouses, factories, landfills, apartment
    complexes, cooperative apartments, condominium residences, single family homes,
    regional malls, retail shopping centers, department stores, restaurants, hotels,
    corporate headquarters, office complexes, golf courses, nuclear power stations,
    petroleum refineries, automobile racetracks, airport terminals, hangars, and related
    structures, landmark buildings, and other special use properties. Consulting
    assignments include the formerly proposed Lake Calumet Airport, which had a land
    area of over 11,000 acres.
  • Appraisals, appraisal reviews, and evaluations of commercial, industrial, residential,
    and special purpose properties for mortgage, acquisition, leasing, insurance,
    subrogation, ad valorem assessment, arbitration, condemnation, right of way,
    bankruptcy, estate, divorce, zoning, conservation easement, mortgage fraud,
    construction defects, and other litigation purposes.
  • Assignments performed in Illinois, Colorado, Florida, Georgia, Indiana, Iowa,
    Kansas, Michigan, Missouri, New York, Ohio, South Carolina, Tennessee, Texas,
    and Wisconsin.
  • Assignments include a number of major office properties and hotels in the central
    business district of Chicago.
  • Before 1990, active as a residential sales agent in the southwest suburbs of Chicago.
Expert Qualifications

Qualified and testified as an expert witness in the following forums:

  • U.S. Bankruptcy Court for the Northern District of Illinois
  • Circuit Court of Cook County
  • Circuit Court of Lake County
  • Circuit Court of Will County
  • Zoning Board of Appeals of the City of Chicago
  • Zoning Board of Appeals of DuPage County
  • Illinois Property Tax Appeal Board
  • Illinois Pollution Control Board
  • Cook County Board of Review
  • DuPage County Board of Review
  • Madison County (IL) Board of Review
  • Arbitration
Professional Designations & Affiliations
  • MAI, Appraisal Institute
  • Appraisal Institute, Experience Screener and Demonstration Report Grader
  • Chicago Chapter of the Appraisal Institute, Board of Directors, 2013-2015; Chapter Secretary, 2015; Chapter Treasurer, 2016; Chapter Vice-President, 2017 ; Chapter
    President, 2018
  • National Association of Review Appraisers and Mortgage Underwriters, Certified, Review Appraiser (CRA)
  • CCIM Institute, Associate Member
  • International Association of Assessing Officials, Associate Member
  • Illinois Coalition of Appraisal Professionals, Member
  • National Association of Realtors, Member
  • Chicago Association of Realtors, Member
  • Greater Northwest Indiana Association of Realtors, Member
  • International Council of Shopping Centers, Member
  • City of Elmhurst, Zoning & Planning Commission/Zoning Board of Appeals, Member
Licenses
  • Illinois Certified General Real Estate Appraiser, expiration September 30, 2019
  • Indiana Certified General Appraiser, expiration June 30, 2018
  • Iowa Certified General Real Property Appraiser, expiration June 30, 2018
  • Michigan Certified General Real Estate Appraiser, expiration July 31, 2018
Publications & Presentations
  • “The Valuation of Landfills for Ad Valorem Assessment,” Journal of Property Tax
    Management, Summer 1995 (with Michael J. Kelly).
  • “Reviewing Appraisals for Tax Appeal Purposes,” presented at November 2000, Real Estate Expo in Las Vegas.
  • “The Basics of Understanding and Analyzing Commercial and Residential Real
    Estate Valuation Reports,” presented at Chicago Bar Association, Young Lawyers
    Section, April 2002.
  • “The Appraiser’s Role as an Expert,” presented at Eminent Domain in Illinois,
    Hoffman Estates, Illinois, March 10, 2006 and May 15, 2007.
  • “Use of Experts,” presented at Eminent Domain Update 2006, Springfield, Illinois,
    November 9, 2006.
  • “Conditions of the Chicago Real Estate Market,” moderator; Chicago Chapter of the Appraisal Institute, Chicago, Illinois, August 29, 2012; May 1, 2013; May 28, 2014; March 12, 2015; March 10, 2016; May 23, 2017
  • “Nuts and Bolts of a Property Tax Hearing,” moderator and participant; Chicago Chapter of the Appraisal Institute, Chicago, Illinois, April 3, 2009; October 24, 2016
  • “Loop Historic and Modern Architecture & Geography Walking Tour,” Instructor, May 10, 2017
Education
Bachelor of Arts, University of Notre Dame, 1976
Master of Arts, University of Chicago, 1988
Appraisal Institute

 

 

 

Courses (passed all examinations)

  • 7-Hour National USPAP Update (every two years)
  • Real Estate Appraisal Principles
  • Basic Valuation Procedures
  • Standards of Professional Practice, Part A (USPAP)
  • Standards of Professional Practice, Part B
  • Capitalization Theory & Techniques, Part A
  • Capitalization Theory & Techniques, Part B
  • Highest & Best Use and Market Analysis
  • Advanced Sales Comparison & Cost Approaches
  • Advanced Applications
  • Report Writing and Valuation Analysis
  • Business Practices and Ethics
  • Comprehensive examination, all 4 modules

Seminars

  • Analyzing Operating Expenses
  • Anticipating the Cross Examination of your Appraisal in the Tax Appeal Process
  • Appraisal Review – Income Properties
  • Appraising From Blueprints and Specifications
  • Capital Market Conditions and the Impact on Real Estate
  • Conditions of the Chicago Real Estate Market
  • Fair Lending and the Appraiser
  • General Demonstration Appraisal Report Writing
  • Indiana Statutes & Rules
  • Lease Abstracting and Analysis
  • Michigan Law Update
  • New Housing in a Declining Market
  • Internet Search Strategies for R.E. Appraisers
  • Small Hotel/Motel Valuation
  • USPAP Update 2003 – Standards and Ethics for Professionals
  • Valuation & Litigation Services SIG Kick-Off
  • When Good Houses Go Bad
Awards

• Chicago Chapter of the Appraisal Institute, Distinguished Service Award, 2012
• Chicago Chapter of the Appraisal Institute, Herman O. Walther Award, 2013
• Appraisal Institute, Volunteer of Distinction, Region III, June 2015
• Chicago Chapter of the Appraisal Institute, President’s Award, 2017