494 N Commonwealth Ave, Elgin, IL 60123 Property Records

Kane County property record for 494 N Commonwealth Ave, Elgin, IL 60123

Property Summary

Property Type	Single Family Home
Details	2 bd · 1.5 ba · 1,266 sqft · built 1933
Lot Size	0.151 acres (6,588 sqft)
Owner	Individual Name on File
Last Sale	$170,000 (Mar 2018)
Tax Bill	$6,820 (2025)
Deeds & Mortgages	Jul 2026 Mortgage Sep 2025 Mortgage + 3 more
Flood Zone	Zone X (minimal risk)
APN	`06-11-355-008`

Property Details

APN / Parcel Number

Primary APN	`06-11-355-008`

Interior

Bedrooms	2 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	7 Rooms
Stories	5 Stories
Building Area	1,266 sqft Living Area
Gross Area	2,285 sqft
Basement Area	1,019 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1933
Effective Year Built	Effective 1933
Exterior Material	Brick
Lot Area	6,588 sqft (0.151 acres)
Lot Dimensions	108 ft deep x 61 ft wide
Garage Type	Attached
Parking Spaces	1 Parking Space

Location & Zoning

Street Address	494 N COMMONWEALTH AVE
City	ELGIN
State	IL
Zip	60123-3467
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	GREENACRES LOT 4 BLOCK 3
Legal Subdivision	GREENACRES
Legal Block	3
Legal Lot Number	4
Jurisdiction	KANE IL
Township / Civil Division	ELGIN
Census Block Group	3
Census Block	3002
Census Tract	851102

Owner

494 N Commonwealth Ave is owned and occupied by an individual who acquired it in January 2021.

Source: Kane County records, as of August 4, 2026

Owner of Record	Individual Name on File
Mailing Address	494 N COMMONWEALTH AVE, ELGIN, IL 60123-3467
Occupancy	Owner Occupied
Owner Type	Individual

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
Jul 28, 2026	Deed of Trust, Mortgage · FHA Mortgage ROCKET MORTGAGE LLC
Sep 22, 2025	Deed of Trust, Mortgage · FHA Mortgage ROCKET MORTGAGE LLC
Sep 20, 2023	Deed of Trust, Mortgage · FHA Mortgage ROCKET MORTGAGE LLC
Feb 4, 2021	Quit Claim Deed, Transfer ATTORNEY ONLY, ATTORNEY
Mar 27, 2018	Warranty Deed, Transfer FIRST AMERICAN TITLE

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Mar 27, 2018 · Amount on File
Deed Sale	Mar 27, 2018 · Amount on File
Prior Sale	Feb 24, 2014 · Amount on File
Deed Document Number	201813904
Last Transfer Date	Jan 25, 2021
Transfer Doc	0000009555
Record Updated	Oct 29, 2026

July 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	KANE IL
Recording Date	Jul 28, 2026
Property Address	494 N COMMONWEALTH AVE, ELGIN, IL 60123-3467
Document Number	0000031998
Instrument Date	Jul 22, 2026
Instrument	202631998
Transaction Type	Mortgage
Record Updated	Aug 4, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	494 N COMMONWEALTH AVE, ELGIN, IL 60123-3467

Mortgage

Document Number	0000031998,
Date	Jul 28, 2026
Instrument	202631998

Lender

Name	ROCKET MORTGAGE LLC

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	360 Months
Due	Aug 1, 2056

Interest

Rate Type	Adjustable Rate
Rate	4.38%
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

September 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	KANE IL
Property Address	494 N COMMONWEALTH AVE, ELGIN, IL 60123-3467
Transaction Type	Mortgage
Record Updated	Oct 1, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000036570
Date	Sep 22, 2025
Instrument	2025K036570

Lender

Name	ROCKET MORTGAGE LLC
Type	Mortgage Company
Address	DETROIT, MI 48226

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Oct 1, 2055

Interest

Rate	5.49%

September 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	KANE IL
Property Address	494 N COMMONWEALTH AVE, ELGIN, IL 60123-3467
Transaction Type	Mortgage
Record Updated	Sep 27, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000032795
Date	Sep 20, 2023
Instrument	2023K032795

Lender

Name	ROCKET MORTGAGE LLC
Type	Mortgage Company
Address	DETROIT, MI 48226

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Oct 1, 2053

February 2021: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	KANE IL
Recording Date	Feb 4, 2021
Property Address	494 N COMMONWEALTH AVE, ELGIN, IL 60123-3467
Document Number	0000009555
Instrument Date	Jan 25, 2021
Instrument	2021K009555
Transaction Type	Transfer
Record Updated	Jul 27, 2021
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	494 N COMMONWEALTH AVE, ELGIN, IL 60123-3467

March 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	KANE IL
Recording Date	Mar 27, 2018
Property Address	494 N COMMONWEALTH AVE, ELGIN, IL 60123-3467
Document Number	0000013904
Instrument Date	Mar 21, 2018
Instrument	13904
Transaction Type	Transfer
Record Updated	Apr 11, 2018
Title Company	FIRST AMERICAN TITLE

Transaction

Amount	Amount on Record
Tax	$255.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	245 PINE DR RIDGWAY CO 814329415, RIDGWAY, CO 81432-9415

Tax Assessment & Valuation

The 2025 property tax bill for 494 N Commonwealth Ave was $6,820 with a homeowner's exemption.

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

Property Jurisdictions

Type	Name
State	Illinois
County	Kane County
County Subdivision	Elgin Township
Municipality	Elgin City
Unified School District	School District U-46 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$6,820.00 Homeowner's exemption	$97,403 (+8.57%) Land $21,729 Building $75,674	$292,326 (+8.57%) Land $65,213 Building $227,113
2024		$89,715 Land $20,014 Building $69,701	$269,253 Land $60,066 Building $209,187
2022	$5,976.00 (+6.16%) Homeowner's exemption	$73,905 (+6.96%) Land $16,487 Building $57,418	$221,715 (+6.96%) Land $49,461 Building $172,254
2021	$5,629.00 Homeowner's exemption	$69,096 Land $15,414 Building $53,682	$207,288 Land $46,242 Building $161,046

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 494 N Commonwealth Ave in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 1982.

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 Claims	1 (1982)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Feb 1982 · rainfall accumulation

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 494 N Commonwealth Ave 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 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	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 382 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Astound Broadband Cable	1,500 / 50
Verizon Fixed Wireless	300 / 20
AT&T DSL · Fiber in parts of the area	100 / 20

May also be available: T-Mobile.

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