316 N Commerce St, Gilman, IL 60938 Property Records

Iroquois County property record for 316 N Commerce St, Gilman, IL 60938

Property Summary

Property Type	Single Family Home
Lot Size	0.289 acres (12,608 sqft)
Owner	Individual Name on Record
Last Sale	$193,000 (Aug 2026)
Tax Bill	$1,379 (2025)
Deeds & Mortgages	Aug 2026 Sale & Mortgage Jun 2026 Transfer + 1 more
Flood Zone	Zone X (minimal risk)
APN	`17 31 311 003`

Property Details

APN / Parcel Number

Primary APN	`17 31 311 003`

Exterior

Lot Area	12,608 sqft (0.289 acres)

Location & Zoning

Street Address	316 N COMMERCE ST
City	GILMAN
State	IL
Zip	60938-1243
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LTS 4 & 5 BLK 44 CITY OF GILMAN
Legal Subdivision	CITY OF GILMAN
Legal Block	44
Legal Lot Number	4,5
Jurisdiction	IROQUOIS IL
Township / Civil Division	DOUGLAS
Census Block Group	1
Census Block	1075
Census Tract	950600

Owner

Source: Iroquois County records, as of August 21, 2026

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

Owner of Record	Individual Name on Record
Mailing Address	316 N COMMERCE ST, GILMAN, IL 60938-1243
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Aug 11, 2026	Warranty Deed, Transfer · FHA Mortgage MORTGAGE MORTGAGE
Jun 24, 2026	Quit Claim Deed, Transfer NONE LISTED ON DOCUMENT
Sep 16, 2025	Intrafamily Transfer, Transfer ATTORNEY ONLY, ATTORNEY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Aug 11, 2026 · Amount on Record
Deed Sale	Aug 11, 2026 · Amount on Record
Deed Document Number	20262802
Prior Transfer Date	Sep 15, 2025
Prior Transfer Doc	0000003060
Record Updated	Oct 29, 2026

August 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	IROQUOIS IL
Recording Date	Aug 11, 2026
Property Address	316 N COMMERCE ST, GILMAN, IL 60938-1243
Document Number	0000002802
Instrument Date	Aug 10, 2026
Instrument	20262802
Transaction Type	Transfer
Record Updated	Aug 21, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$29,239.50
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	316 N COMMERCE ST, GILMAN, IL 60938-1243

Mortgage

Document Number	0000002803,
Date	Aug 11, 2026
Instrument	20262803

Lender

Name	MORTGAGE MORTGAGE

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Sep 1, 2056

Interest

Rate	6.38%
Max Rate	-1%

June 2026: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	IROQUOIS IL
Recording Date	Jun 24, 2026
Property Address	316 N COMMERCE ST, GILMAN, IL 60938-1243
Document Number	0000002149
Instrument Date	Dec 31, 2025
Instrument	20262149
Transaction Type	Transfer
Record Updated	Aug 30, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	406 E LOCUST ST, WATSEKA, IL 60970-1756

September 2025: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	IROQUOIS IL
Recording Date	Sep 16, 2025
Property Address	316 N COMMERCE ST, GILMAN, IL 60938-1243
Document Number	00025R3060
Instrument Date	Sep 15, 2025
Instrument	25R3060
Transaction Type	Transfer
Record Updated	Oct 8, 2025
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	406 E LOCUST ST, WATSEKA, IL 60970-1756

Tax Assessment & Valuation

Source: Iroquois County assessment roll, as of July 17, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Iroquois County
County Subdivision	Douglas Township
Municipality	Gilman City
Unified School District	Iroquois West Community Unit School District 10 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$1,379.00 (-0.29%)	$47,790 (+6.01%) Land $6,350 Building $41,440	$143,370 (+6.01%) Land $19,050 Building $124,320
2024	$1,383.00 (-7.92%) Homeowner's exemption Senior Citizen's exemption	$45,080 (+6.85%) Land $5,990 Building $39,090	$135,240 (+6.85%) Land $17,970 Building $117,270
2022	$1,502.00 Homeowner's exemption Senior Citizen's exemption	$42,190 Land $5,600 Building $36,590	$126,570 Land $16,800 Building $109,770

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 August 16, 2011 · 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 Claims	1 (2008)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Jan 2008 · 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	Not 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 System	GILMAN serves 1,793 people · EPA ID IL0750450
Water Source	Groundwater
Last State Inspection	Dec 2025
Lead	3 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	4 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. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 303 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Conxxus Fiber	8,000 / 8,000
Xfinity Cable	1,200 / 35
T-Mobile Fixed Wireless	100 / 20

May also be available: AT&T, Nextlink, Verizon, Watch TV.

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