Episode 412: Luke Helliker Leverages the ADU Process & Learns Many Lessons
Release Date: 11/13/2025
Straight Up Chicago Investor
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Do you need a HELOC on your investment property? ============= Connect with Mark and Tom: Guest: Benjamin Stef, Email the Show: Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ----------------- Production House: Copyright of Straight Up Chicago Investor 2026.
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Is now a good time for me to purchase in Chicago? ============= Connect with Mark and Tom: Guest: Mark Ainley, Email the Show: Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ----------------- Production House: Copyright of Straight Up Chicago Investor 2025.
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SUCI Podcast Co-Host Tom Shallcross is today’s special guest and breaks down everything you need to know about architectural plans and permits in Chicago! Tom discusses when you need plans and permits for a project and when it’s appropriate to engage an architect. He shares the best way to optimize timelines to ensure your plans and permits get approved as fast as possible. Tom discusses lessons learned on design and functionality particularly on luxury redevelopments! He closes with insights on dormer additions and considerations for ADUs and historic district remodels that will add to...
info_outlineLuke Helliker is a buy and hold real estate investor that has leveraged networking, house hacking, and value-add strategies to build a successful portfolio.
Luke kicks things off by sharing how he acquired his first house hack and provides insights on the ADU process that he used to add a third legal unit. He lays out top considerations when converting a basement into a dwelling unit including the top dollar items. Luke talks about getting a 4-unit acquisition to the finish line, despite it involving violations and a difficult seller. Throughout this episode, Luke demonstrates how holding real estate for the long term has built him great wealth and how staying active in the market is the key to success!
If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Properties for Sale on the North Side? We want to buy them. Email: StraightUpChicagoInvestor@gmail.com
Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement
Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com
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Guest: Luke Helliker
Link: Luke Helliker - DocuSign | LinkedIn
Link: EUBA
Link: SUCI Ep 345 - Joey Turano
Link: SUCI Ep 354 - Jake Fugman & Mike Scanlon
Link: SUCI Ep 389 - Sebastian Mysliwiec
Link: Rich Dad Poor Dad (Book Recommendation)
Guest Questions:
03:15 Housing Provider Tip - Ensure to perform periodic checks on properties to identify issues that tenants may not bring up!
05:03 Intro to our guest, Luke Helliker!
13:19 Luke’s first deal: a 2-unit house hack!
20:18 How to leverage the ADU process.
27:20 Funding an ADU project.
41:09 Navigating investing with your significant other.
43:15 Acquiring a 4-unit building in a competitive market!
58:47 Lessons learned on the 4-unit acquisition.
65:30 Luke’s next investment targets.
66:19 What is your competitive advantage?
67:15 One piece of advice for new investors.
67:59 What do you do for fun?
69:19 Good book, podcast, or self development activity that you would recommend?
70:01 Local Network Recommendation?
70:30 How can the listeners learn more about you and provide value to you?
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2025.