2440 Alft Ln, Elgin, IL 60124 Property Records

Kane County property record for 2440 Alft Ln, Elgin, IL 60124

Property Summary

Property Type	Commercial
Owner	Company Name on Record
Last Sale	$1,025,000 (Aug 2021)
Tax Bill	$249,403 (2025)
Deeds & Mortgages	Apr 2023 Second Mortgage Jan 2023 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`03-31-277-062`

Property Details

APN / Parcel Number

Primary APN	`03-31-277-062`
Alternative APN	`03-31-277-070`

Location & Zoning

Old Parcel Number	0331277062
Street Address	2440 ALFT LN
City	ELGIN
State	IL
Zip	60124-7864
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	CLAYMART SUB LT 2 (EX PT DESC IN DOC 2023K039117 FOR RD ROW)
Legal Subdivision	CLAYMART SUB
Legal Block	3
Legal Lot Number	2
Jurisdiction	KANE IL
Township / Civil Division	DUNDEE
Census Block Group	3
Census Block	3050
Census Tract	850600

Owner

Source: Kane County records, as of July 23, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	324 ROXBURY RD, ROCKFORD, IL 61107-5090
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Apr 5, 2023	Deed of Trust, Mortgage · Stand-Alone Second Mortgage ULINOIS BANK & TRUST
Jan 23, 2023	Deed of Trust, Mortgage · Commercial Mortgage ILLINOIS BANK & TRUST
Aug 30, 2021	Warranty Deed, Transfer CHICAGO TITLE COMPANY, CHICAGO TITLE INSURANCE CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Aug 30, 2021 · Amount on Record
Deed Sale	Aug 30, 2021 · Amount on Record
Deed Document Number	202166059
Prior Transfer Date	Aug 18, 2021
Prior Transfer Doc	0000066059
Record Updated	Sep 20, 2026

April 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	KANE IL
Property Address	2440 ALFT LN, ELGIN, IL 60124-7864
Transaction Type	Mortgage
Record Updated	Aug 30, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000010605
Date	Apr 5, 2023
Instrument	2023K010605

Lender

Name	ULINOIS BANK & TRUST
Type	Non-Lending Institution

Agreement

Type	Stand-Alone Second Mortgage
Amount	Amount Recorded
Term	74 Months
Due	Jun 23, 2029

January 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	KANE IL
Property Address	2440 ALFT LN, ELGIN, IL 60124-7864
Transaction Type	Mortgage
Record Updated	Aug 30, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000002264
Date	Jan 23, 2023
Instrument	2023K002264

Lender

Name	ILLINOIS BANK & TRUST
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

August 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	KANE IL
Recording Date	Aug 30, 2021
Property Address	2440 ALFT LN, ELGIN, IL 60124-7864
Document Number	0000066059
Map Reference	DOC 2012K031418
Instrument Date	Aug 18, 2021
Instrument	2021K066059
Transaction Type	Transfer
Record Updated	Aug 29, 2023
Title Company	CHICAGO TITLE COMPANY, CHICAGO TITLE INSURANCE CO

Transaction

Amount	Amount Recorded
Tax	$1,025.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	324 ROXBURY RD, ROCKFORD, IL 61107-5090

Tax Assessment & Valuation

Source: Kane County assessment roll, as of July 23, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Kane County
County Subdivision	Dundee Township
Municipality	Elgin City
Unified School District	Community Unit School District 300 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$249,403.00 (+1.9%)	$3,331,146 (+5.52%) Land $591,570 Building $2,739,576	$9,997,437 (+5.52%) Land $1,775,420 Building $8,222,017
2024	$244,744.00 (+454.82%)	$3,156,988 (+504.83%) Land $540,642 Building $2,616,346	$9,474,754 (+505.07%) Land $1,622,575 Building $7,852,179
2022	$44,112.00 (+1.17%)	$521,962 (+5.91%) Land $521,962	$1,565,886 (+5.91%) Land $1,565,886
2021	$43,603.00	$492,835 Land $492,835	$1,478,505 Land $1,478,505

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.

Flood

Source: FEMA National Flood Hazard Layer, effective October 8, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force
Nearby Flood Claims	2 (2002–2007)
Claims Outside the SFHA	1 of 2
Most Recent Claim	Aug 2007 · Severe Storms And Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 94% of Illinois
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	ELGIN serves 114,797 people · EPA ID IL0894380
Water Source	Surface water
Last State Inspection	Aug 2025
Lead	19 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	8 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 18 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
Fox Valley Internet Fixed Wireless	100 / 20

May also be available: Astound Broadband.

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