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2831 Malmo Dr, Arlington Heights, IL 60005 Property Records

Cook County property record for 2831 Malmo Dr, Arlington Heights, IL 60005

Property Summary

Property TypeCommercial
Details62,034 sqft · built 1978
Lot Size2.85 acres (124,146 sqft)
OwnerIndividual Name on File
Last Sale$2,100,000 (Sep 2021)
Tax Bill$165,682 (2023)
Deeds & MortgagesSep 2021 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN08-23-202-032

Property Details

APN / Parcel Number

Primary APN08-23-202-032
Alternative APN
  • 08-23-202-032-0000

Interior

Building Area62,034 sqft Gross Area

Exterior

Year BuiltBuilt 1978
Effective Year BuiltEffective 1978
Lot Area124,146 sqft

Location & Zoning

Street Address2831 MALMO DR
CityMOUNT PROSPECT
StateIL
Zip60056
Property CategoryCommercial
Property TypeCommercial > Retail
Legal Description(KENROYS) RESUB OF LTS 4-5 IN ELMHURST-ALGONQUIN INDU STRIAL PARK UNIT 1 SUB OF PT OF LT 3 IN LINNEMANS DIVISION OF SEC 23-41
Legal Range11E
Legal Township41N
Legal Section23
Legal SubdivisionKENROYS RESUB OF LTS 4-5 IN ELMHURST-A
Legal Lot Number3-5
Legal Unit1
JurisdictionCOOK IL
Township / Civil DivisionELK GROVE
Census Block Group4
Census Block4002
Census Tract805111

Owner

2831 Malmo Dr, a commercial property, is owned by an individual who bought it in September 2021.

Source: Cook County records, as of May 27, 2026

Owner of RecordIndividual Name on File
Mailing Address2831 MALMO DR, ARLINGTON HEIGHTS, IL 60005-4725
Owner TypeIndividual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleSep 2, 2021 · Amount on File
Deed SaleSep 2, 2021 · Amount on File
Prior SaleJan 15, 1997
Deed Document Number202116312
Prior Transfer DateSep 9, 1992
Prior Transfer Doc0000000901
Record UpdatedOct 29, 2026

September 2021: Deed, Transfer

Document TypeDeed
JurisdictionCOOK IL
Recording DateSep 2, 2021
Property Address2831 MALMO DR, ARLINGTON HEIGHTS, IL 60005-4725
Document Number0024516312
Instrument DateAug 4, 2021
Instrument2124516312
Transaction TypeTransfer
Record UpdatedSep 23, 2021
Title CompanyCHICAGO TITLE

Transaction

AmountAmount on Record
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$2,100.00
Amount AccuracyRounded by County
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name
Address10 S LA SALLE ST # ST2750, 10, CHICAGO, IL 60603-1002

Transferred To (Grantee/Buyer)

NameVerified Name
Address2831 MALMO DR, ARLINGTON HEIGHTS, IL 60005-4725

Mortgage

Document Number0024516313
DateSep 2, 2021
Instrument2124516313
Lender
NameHARVEST SMALL BUSINESS FINANCE LLC
TypeNon-Lending Institution
Agreement
TypeSBA Mortgage
AmountAmount on Record
Term299 Months
DueAug 26, 2046
Interest
Rate TypeAdjustable Rate
Rate3.25%

Tax Assessment & Valuation

Source: Cook County assessment roll, as of May 27, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyCook County
County SubdivisionElk Grove Township
MunicipalityMount Prospect Village
Secondary School DistrictTownship High School District 214 (09 - 12)
Elementary School DistrictCommunity Consolidated School District 59 (PK - 08)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$1,017,855 Land $497,144 Building $520,711$4,071,420 Land $1,988,576 Building $2,082,844
2023$165,682.00 (+4.14%)
2022$159,089.00$635,898 Land $264,107 Building $371,791$2,543,592 Land $1,056,428 Building $1,487,164

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

FEMA maps place 2831 Malmo Dr in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 1989.

Source: FEMA National Flood Hazard Layer, effective February 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Claims1 (1989)
Claims Outside the SFHA1 of 1
Most Recent ClaimAug 1989 · river or lake 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

The area around 2831 Malmo Dr has no burnable land within ember reach, so its wildfire risk is not rated.

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

Wildfire RiskNot rated
no burnable land within 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 SystemIL AMERICAN-WAYCINDEN
private · serves 1,934 people · EPA ID IL0317550
Water SourcePurchased surface water from several systems
Last State InspectionMay 2025
LeadUnder 1 ppb (2021–2023)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
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 176 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable		2,000 / 250
T-Mobile
Fixed Wireless		100 / 20

May also be available: Astound Broadband, AT&T, Verizon.

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