Cook County property record for 1040 Summit St, Elgin, IL 60120 · Last verified June 2026
| Property Type | Commercial > Retail > Regional Shopping Center, Mall |
|---|---|
| Year Built | Built 1994 |
| Square Footage | 102,643 sqft Gross Area |
| Lot Size | 10.5 acres |
| Last Sale | $13,050,000 (2018) |
| Tax Bill | $574,401.00 (2023) |
| Primary APN | 06-07-314-023 |
|---|---|
| Alternative APN |
|
| Building Area | 102,643 sqft Gross Area |
|---|
| Year Built | Built 1994 |
|---|---|
| Effective Year Built | Effective 1994 |
| Lot Area | 459,122 sqft |
| Street Address | 1040 SUMMIT ST |
|---|---|
| City | ELGIN |
| State | IL |
| Zip | 60120-4320 |
| Property Usage | Commercial Property Usage |
| Type | Commercial > Retail > Regional Shopping Center, Mall |
| Legal Range | 9E |
| Legal Township | 41N |
| Legal Section | 07 |
| Legal Subdivision | COBBLERS XING RETAIL |
| Legal Lot Number | 1 |
| Jurisdiction | COOK IL |
| Minor Civil Division | HANOVER |
| Census Blockgroup | 4 |
| Census Block | 4023 |
| Census Tract | 804403 |
Source: Cook County records · APN 06-07-314-023
Assessment roll updated May 27, 2026 · Last verified June 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Individual Name on File |
|---|---|
| Mailing Address | 515 CONGRESS AVE, 1925, AUSTIN, TX 78701-0024 |
| Owner Type | Owner is an Individual, Couple or Unincorporated Entity |
| Date | Document |
|---|---|
| Dec 01, 2023 | Deed of Trust, Mortgage JOHN HANCOCK LIFE INSURANCE COMPANY USA |
| May 17, 2022 | Deed of Trust, Mortgage · Commercial Mortgage BANK OF AMERICA NA |
| Jan 05, 2022 | Deed of Trust, Mortgage · Commercial Mortgage BANK OF AMERICA NA |
| Oct 09, 2018 | Trustee's Deed, Transfer · Line of Credit FIFTH THIRD BK |
| Deed Names | Verified Name on Deed |
|---|---|
| Last Sale | Oct 09, 2018 · Amount on Record |
| Deed Sale | Oct 09, 2018 · Amount on Record |
| Prior Sale | Feb 24, 1998 |
| Deed Doc Number | 201834075 |
| Prior Transfer Date | Dec 22, 1999 |
| Prior Transfer Doc | 0000000781 |
| Record Refreshed | Sep 20, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | COOK IL |
| Property Address | 1040 SUMMIT ST, ELGIN, IL 60120-4320 |
| Transaction Type | Mortgage |
| Record Updated | Dec 13, 2023 |
| Name | Verified Name |
|---|---|
| Address | 515 CONGRESS AVE 1925, 1925, AUSTIN, TX 78701-0024 |
| Document Number | 0033506349 |
|---|---|
| Date | Dec 01, 2023 |
| Instrument | 2333506349 |
| Name | JOHN HANCOCK LIFE INSURANCE COMPANY USA |
|---|---|
| Type | Insurance Company |
| Address | BOSTON, MA 02116 |
| Amount | Amount Recorded |
|---|
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | COOK IL |
| Property Address | 1040 SUMMIT ST, ELGIN, IL 60120-4320 |
| Transaction Type | Mortgage |
| Record Updated | May 25, 2022 |
| Name | Verified Name |
|---|
| Document Number | 0013706349 |
|---|---|
| Date | May 17, 2022 |
| Instrument | 2213706349 |
| Name | BANK OF AMERICA NA |
|---|---|
| Type | Bank |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount Recorded |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | COOK IL |
| Property Address | 1040 SUMMIT ST, ELGIN, IL 60120-4320 |
| Transaction Type | Mortgage |
| Record Updated | Apr 22, 2022 |
| Name | Verified Name |
|---|---|
| Address | 515 CONGRESS AVE 1925, 1925, AUSTIN, TX 78701-0024 |
| Document Number | 0000519043 |
|---|---|
| Date | Jan 05, 2022 |
| Instrument | 2200519043 |
| Name | BANK OF AMERICA NA |
|---|---|
| Type | Bank |
| Address | AUSTIN, TX 78701 |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount Recorded |
| Document Type | Trustee's Deed |
|---|---|
| Jurisdiction | COOK IL |
| Recording Date | Oct 09, 2018 |
| Property Address | 1040 SUMMIT ST, ELGIN, IL 60120-4320 |
| Document Number | 1828234075 |
| Instrument Date | Sep 20, 2018 |
| Instrument | 28234075 |
| Transaction Type | Transfer |
| Record Updated | Oct 18, 2018 |
| Title Company | CHICAGO TITLE COMPANY, CHICAGO TITLE INS CO |
| Amount | Amount Recorded |
|---|---|
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $13,050.00 |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 515 CONGRESS AVE #1925 AUSTIN TX 787010024, 1925, AUSTIN, TX 78701-0024 |
| Document Number | 1828234076 |
|---|---|
| Date | Oct 09, 2018 |
| Instrument | 28234076 |
| Name | FIFTH THIRD BK |
|---|---|
| Type | Bank |
| Address | 222 S RIVERSIDE PLZ # 31ST, CHICAGO, IL 60606-5808 |
| Type | Line of Credit |
|---|---|
| Amount | Amount Recorded |
| Term | 60 Months |
| Due | Oct 08, 2023 |
| Rate Type | Adjustable Rate |
|---|
Source: Cook County records · Assessment roll updated May 27, 2026 · Last verified June 2026
| Type | Name |
|---|---|
| State | Illinois |
| County | Cook County |
| County Subdivision | Hanover Township |
| Municipality | Elgin City |
| Unified School District | School District U-46 (PK - 12) |
Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $2,535,500 (+27.06%) Land $401,815 Building $2,133,685 | $10,142,000 (+27.06%) Land $1,607,260 Building $8,534,740 | |
| 2023 | $574,401.00 (+2.9%) | ||
| 2022 | $558,225.00 | $1,995,519 Land $1,033,238 Building $962,281 | $7,982,076 Land $4,132,952 Building $3,849,124 |
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