3984 Drexel Ave, Gurnee, IL 60031 Property Records

Lake County property record for 3984 Drexel Ave, Gurnee, IL 60031

Property Summary

Property Type	Duplex
Details	6 bd · 3 ba · 3,108 sqft · built 1993
Lot Size	0.345 acres (15,028 sqft)
Owner	Trust Name on File
Last Sale	$270,000 (Apr 2015)
Tax Bill	$9,871 (2024)
Deeds & Mortgages	Sep 2025 Line of Credit Jan 2021 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`07-24-103-019`

Property Details

APN / Parcel Number

Primary APN	`07-24-103-019`

Interior

Bedrooms	6 Beds
Full Baths	3 Baths
Half Baths	2 Half Baths
Plumbing Fixtures	12 Plumbing Fixtures
Stories	1 Story
Building Area	3,108 sqft Living Area
Gross Area	7,140 sqft
1st Floor Area	3,108 sqft
Basement Area	3,108 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1993
Effective Year Built	Effective 1993
Architectural Style	Duplex Single
Exterior Material	Wood Siding
Construction Type	Frame
Roof Material	Composition Shingle
Lot Area	15,028 sqft (0.345 acres)
Garage Type	Attached
Garage Area	924 sqft
Parking Spaces	4 Parking Spaces
Patio Area	240 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C

Location & Zoning

Street Address	3984 DREXEL AVE
City	GURNEE
State	IL
Zip	60031-2850
Property Category	Residential
Property Type	Residential > Multi-Unit > Duplex
Legal Description	MARTIN GUST SUB; LOT 2
Legal Subdivision	MARTIN GUST SUB
Legal Lot Number	2
Jurisdiction	LAKE IL
Township / Civil Division	WARREN
Census Block Group	2
Census Block	2002
Census Tract	861510

Owner

3984 Drexel Ave, a duplex, is owner-occupied and held in a trust since January 2021.

Source: Lake County records, as of April 29, 2026

Owner of Record	Trust Name on File
Mailing Address	3984 DREXEL AVE, GURNEE, IL 60031-2850
Occupancy	Owner Occupied
Owner Type	Company
Vesting	Trust

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

Date	Document
Sep 8, 2025	Deed of Trust, Mortgage · Line of Credit LIBERTYVILLE BANK & TRUST CO
Jan 12, 2021	Deed of Trust, Mortgage · Conventional Mortgage BAY EQUITY LLC
Jan 13, 2021	Intrafamily Transfer, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 7, 2015 · Amount on File
Deed Sale	Apr 7, 2015 · Amount on File
Deed Document Number	20157184012
Last Transfer Date	Jan 7, 2021
Transfer Doc	0007738059
Record Updated	Oct 29, 2026

September 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IL
Property Address	3984 DREXEL AVE, GURNEE, IL 60031-2850
Transaction Type	Mortgage
Record Updated	Oct 22, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0008120029
Date	Sep 8, 2025
Instrument	8120029

Lender

Name	LIBERTYVILLE BANK & TRUST CO
Type	Bank
Address	LIBERTYVILLE, IL 60048

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate
Rate	7.5%
Change Frequency	Monthly

January 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IL
Property Address	3984 DREXEL AVE, GURNEE, IL 60031-2850
Transaction Type	Mortgage
Record Updated	Feb 26, 2021
Title Company	FIRST AMERICAN TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3984 DREXEL AVE, GURNEE, IL 60031-2850

Mortgage

Document Number	0007737860
Date	Jan 12, 2021
Instrument	7737860

Lender

Name	BAY EQUITY LLC
Type	Mortgage Company
Address	CORTE MADERA, CA 94925

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	360 Months
Due	Jan 1, 2051

Interest

Rate Type	Fixed Rate
Rate	2.99%

January 2021: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	LAKE IL
Recording Date	Jan 13, 2021
Property Address	3984 DREXEL AVE, GURNEE, IL 60031-2850
Document Number	0007738059
Map Reference	DOC 2944988
Instrument Date	Jan 7, 2021
Instrument	7738059
Transaction Type	Transfer
Record Updated	Mar 17, 2022

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	3984 DREXEL AVE, GURNEE, IL 60031-2850

Tax Assessment & Valuation

Source: Lake County assessment roll, as of April 29, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Lake County
County Subdivision	Warren Township
Municipality	Gurnee Village
Elementary School District	Gurnee School District 56 (PK - 08)
Secondary School District	Warren Township High School District 121 (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$153,057 Land $22,760 Building $130,297	$459,217 Land $68,287 Building $390,930
2024	$9,871.00 (+3.22%)
2023	$9,563.00 (+7.74%)	$135,167 (+24.77%) Land $18,635 Building $116,532	$405,542 (+24.77%) Land $55,911 Building $349,631
2022	$8,876.00	$108,336 Land $20,845 Building $87,491	$325,040 Land $62,541 Building $262,499

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 3984 Drexel Ave in Zone X, an area of minimal flood risk, within 100 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective February 20, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 100 ft
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	7 in force

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

Wildfire risk around 3984 Drexel Ave is low, with less than a 0.01% annual chance of 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	GURNEE serves 30,193 people · EPA ID IL0970350
Water Source	Purchased surface water from several systems
Last State Inspection	May 2025
Lead	Under 1 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	None 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 249 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
T-Mobile Fixed Wireless	100 / 20

May also be available: AT&T.

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