501 E Lake St, Addison, IL 60101 Property Records

DuPage County property record for 501 E Lake St, Addison, IL 60101

Property Summary

Property TypeCommercial
Lot Size0.2 acres (8,712 sqft)
OwnerCompany Name on File
Last Sale$500,000 (Dec 2022)
Tax Bill$2,890 (2025)
Deeds & MortgagesDec 2022 Sale & Mortgage
Jul 2022 Construction Loan
+ 2 more
Flood ZoneZone AE (high risk)
APN03-27-303-022

Property Details

APN / Parcel Number

Primary APN03-27-303-022

Exterior

Lot Area8,712 sqft (0.2 acres)
Lot Dimensions14 ft deep x 6.3 ft wide

Location & Zoning

Street Address501 E LAKE ST
CityADDISON
StateIL
Zip60101-2828
Property CategoryCommercial
Property TypeCommercial > Retail
Local Zoning CodeC
Legal DescriptionADLER RLTY COS ELM LAKE ST SUB /EX NLY 23FT FOR HWY/ ALL ALL E 1/2 & 1/2 VAC ALLEY ADJ ON S
Legal SubdivisionADLER RLTY COS ELM LAKE ST SUB
Legal Lot Number4-6
JurisdictionDU PAGE IL
Township / Civil DivisionADDISON
Census Block Group1
Census Block1004
Census Tract846701

Owner

Source: DuPage County records · APN 03-27-303-022

Assessment roll updated August 17, 2026 · Last verified August 2026

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

Owner of RecordCompany Name on File
Mailing Address1111 N 4TH AVE, WAUSAU, WI 54401-4487
Owner TypeCompany
VestingLimited Liability Partnership

Deeds, Mortgages & Sale History

DateDocument
Dec 28, 2022Special Warranty Deed, Transfer · Stand-Alone First Mortgage
INTERCITY STATE BANK
Jul 14, 2022Deed of Trust, Mortgage · Construction Mortgage
PARK RIDGE COMMUNITY BANK
Sep 02, 2020Deed of Trust, Mortgage · Construction Mortgage
PARK RIDGE COMMUNITY BANK
Feb 14, 2020Grant Deed, Transfer
CHICAGO TITLE COMPANY, CHICAGO TITLE LAND TRUST CO

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleDec 28, 2022 · Amount on Record
Deed SaleDec 28, 2022 · Amount on Record
Prior SaleFeb 14, 2020 · Amount on Record
Deed Document Number2022110598
Prior Transfer DateAug 01, 2005
Prior Transfer Doc0000181703
Record UpdatedSep 20, 2026

December 2022: Special Warranty Deed, Transfer

Document TypeSpecial Warranty Deed
JurisdictionDU PAGE IL
Recording DateDec 28, 2022
Property Address501 E LAKE ST, ADDISON, IL 60101-2828
Document Number0000110598
Map ReferenceDOC 237265
Instrument DateDec 13, 2022
InstrumentR2022-110598
Transaction TypeTransfer
Record UpdatedJan 11, 2023
Title CompanyE-CHICAGO TITLE, CHICAGO TITLE

Transaction

AmountAmount Recorded
DownpaymentDownpayment on File
Loan-to-Value (LTV)LTV on Record
Tax$500.00
Amount AccuracyRounded by County
Additional
  • Arm's Length
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address501 E LAKE ST, ADDISON, IL 60101-2828

Mortgage

Document Number0000110599
DateDec 28, 2022
InstrumentR2022-110599
Lender
NameINTERCITY STATE BANK
TypeBank
Agreement
TypeStand-Alone First Mortgage
AmountAmount Recorded
Term240 Months
DueDec 15, 2042

July 2022: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionDU PAGE IL
Property Address501 E LAKE ST, ADDISON, IL 60101-2828
Transaction TypeMortgage
Record UpdatedAug 05, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000067229
DateJul 14, 2022
InstrumentR2022-067229
Lender
NamePARK RIDGE COMMUNITY BANK
TypeBank
AddressPARK RIDGE, IL 60068
Agreement
TypeConstruction Mortgage
AmountAmount Recorded

September 2020: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionDU PAGE IL
Property Address501 E LAKE ST, ADDISON, IL 60101-2828
Transaction TypeMortgage
Record UpdatedAug 05, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000098058
DateSep 02, 2020
InstrumentR2020-098058
Lender
NamePARK RIDGE COMMUNITY BANK
TypeBank
AddressPARK RIDGE, IL 60068
Agreement
TypeConstruction Mortgage
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate

February 2020: Grant Deed, Transfer

Document TypeGrant Deed
JurisdictionDU PAGE IL
Recording DateFeb 14, 2020
Property Address501 E LAKE ST, ADDISON, IL 60101-2828
Document Number0000015664
Instrument DateFeb 12, 2020
Instrument15664
Transaction TypeTransfer
Record UpdatedMar 11, 2020
Title CompanyCHICAGO TITLE COMPANY, CHICAGO TITLE LAND TRUST CO

Transaction

AmountAmount Recorded
Tax$1,800.00
Additional
  • Arm's Length
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address1104 FAIRFIELD RD GLENCOE IL 600221009, GLENCOE, IL 60022-1009

Tax Assessment & Valuation

Source: DuPage County records · Assessment roll updated August 17, 2026 · Last verified August 2026

Property Jurisdictions

TypeName
StateIllinois
MunicipalityAddison Village
CountyDuPage County
County SubdivisionAddison Township
Elementary School DistrictAddison School District 4 (PK - 08)
Secondary School DistrictDuPage High School District 88 (09 - 12)

Tax Bill & Assessment History

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

YearTax BillAssessed ValueAssessed Market Value
2025$2,890.00 (+16.86%)$42,313 (+25.11%) Land $42,313$126,939 (+25.11%) Land $126,939
2022$2,473.00$33,820 Land $33,820$101,460 Land $101,460

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, DuPage County (17043C), as of September 1, 2025 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 170438467011, as of September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition, as of 2020 · Last verified October 2026

Flood

FEMA Flood ZoneZone AE
high risk
100-Year FloodplainYes
1% annual chance
FloodwayNo
Base Flood ElevationVaries along the reach; see FIRM
Flood Insurance RequirementRequired
federally backed loans
Flood Insurance CostPremium on Record
median of 37 policies
Community Rating SystemClass 5 (25% premium discount)
Nearby Flood Policies37 in force
Nearby Flood Claims206 (1979–2020)
Claims Outside the SFHA28 of 206
Most Recent ClaimMay 2020 · rainfall accumulation
Claims by Event
  • Severe Storms, Straight-line Winds, And Flooding, Apr 2013 · 11 claims
  • Severe Storms And Flooding, Jul 2010 · 83 claims
  • Severe Storms & Flooding, Aug 1987 · 65 claims

Wildfire

Wildfire RiskLow
lower than 98% of the US · lower than 86% of Illinois
Wildfire LikelihoodUnder 0.01% annual chance
ExposureDirect
burnable vegetation at the parcel

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.

Internet Providers

Source: FCC Broadband Data Collection as of December 31, 2025 · Last verified October 2026

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250
Verizon
Fixed Wireless
300 / 20
T-Mobile USA
Fixed Wireless
100 / 20

Based on FCC filings for 67 locations within half a mile of this property.

Drinking Water

Source: EPA Safe Drinking Water Information System, water system IL0430050, as of 2026 Q3 · EPA water system boundaries as of March 2026 · Last verified October 2026

Water SystemADDISON
serves 38,017 people
Water SourcePurchased surface water from DU PAGE WATER COMMISSION
Last State InspectionJan 2024
Lead2 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting2
last 3 years

Results are for the whole water system as reported to EPA, not water tested at this address; lead at the tap also depends on the building's own pipes. The full violation and enforcement history is in the system's EPA record.

Nearby Properties on E Lake St

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