Our accounting firm specializes in real estate in Chicago and the surrounding areas.

Based in Skokie, Illinois, The Hechtman Group Certified Public Accountants (CPAs) professionals have been serving Chicago-area real estate for over 50 years. Our team brings in-depth expertise and practical experience in managing real estate transactions, accounting and tax compliance services to a full range of real estate businesses and property types.

Chicago skyline at dusk


The real estate industry is constantly changing; fast-paced and full of challenges. Residential and commercial real estate accounting is complex with vastly different IRS requirements along with state and federal regulatory standards and tax laws. It is essential for real estate companies to utilize a Certified Public Accountant (CPA) specialized in the industry to ensure compliance and to maximize returns and growth opportunities.

Architects  ◊  Developers and Builders  ◊  Investors for Commercial and Residential Properties  ◊  Property Owners  ◊  Construction and Brokerage Firms  ◊  Managers

We provide our clients with long-range economic perspectives to develop business plans to stay competitive in today’s fast-growing real estate market and to meet the financial challenges and tax laws that govern the real estate industry. Our comprehensive real estate accounting services include Tax Planning and Compliance, Financial Reporting, and Acquisition Analysis.

Financial Reporting

  • Cash flow analysis
  • Business accounting services
  • Budgets and projections
  • Infrastructure improvements
  • Depreciation and amortization
  • Enterprise zone subsidies
  • Property tax abatements
  • Income tax credits
  • Tax planning initiatives
  • City, state and federal tax compliance
  • Year-round tax planning strategies
  • Outsourced CFO services

Tax Planning and Compliance

  • Tax deferral transactions
  • Green Energy tax credits
  • Energy efficient deductions and credits
  • IRS problem resolution

Acquisition Analysis

  • 1031 exchanges of “like-kind” investment property
  • Acquisition due diligence
  • Disposition planning
  • Refinancing and disposition of distressed property
  • Bankruptcy, insolvency, and work out solutions

Our CPAs are involved in a wide range of courses and networking to stay current on the ever-changing landscape of real estate accounting. We immerse ourselves in the industry, taking updated courses, networking with other real estate accounting firms, and are proud members of the following affiliations:


  • Real Estate and Construction Certified Public Accountants
  • Home Builders Association of Greater Chicago (HBAGC)
  • International Council of Shopping Centers, Inc (ICSC)
  • The Greater North Shore Estate & Financial Planning Council (GNSEFPC)


If you are a real estate professional in Chicago or the surrounding area, we offer a free consultation to business and property owners. Contact us today to schedule an appointment with one of our real estate certified public accountants.