503 E Colfax St, Palatine, IL 60074 Property Records

Cook County property record for 503 E Colfax St, Palatine, IL 60074

Property Summary

Property Type	Single Family Home
Details	3 bd · 1 ba · 1,290 sqft · built 1954
Lot Size	0.218 acres (9,500 sqft)
Owner	Individual Name on Record
Tax Bill	$5,635 (2023)
Deeds & Mortgages	Aug 2017 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`02-14-414-017`

Property Details

APN / Parcel Number

Primary APN	`02-14-414-017`
Alternative APN	`02-14-414-017-0000`

Interior

Bedrooms	3 Beds
Full Baths	1 Bath
Total Rooms	6 Rooms
Stories	1 Story
Building Area	1,290 sqft Living Area
1st Floor Area	1,290 sqft

Exterior

Year Built	Built 1954
Effective Year Built	Effective 1955
Architectural Style	Bungalow
Exterior Material	Brick/Stone
Construction Type	Masonry / Concrete Block
Foundation Type	No Foundation
Roof Material	Asphalt
Lot Area	9,500 sqft (0.218 acres)
Garage Type	Detached
Parking Spaces	1 Parking Space

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	503 E COLFAX ST
City	PALATINE
State	IL
Zip	60074-5466
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	ARTHUR T (MCINTOSH) + COS (FAIR)(GROUNDS) PARK SUB OF PT EH SEC 14-42-10
Legal Range	10E
Legal Township	42N
Legal Section	14
Legal Subdivision	MCINTOSH + COS FAIR GROUNDS
Legal Lot Number	95
Jurisdiction	COOK IL
Township / Civil Division	PALATINE
Census Block Group	1
Census Block	1008
Census Tract	803800

Owner

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

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

Owner of Record	Individual Name on Record
Mailing Address	503 E COLFAX ST, PALATINE, IL 60074-5466
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Borrower in Default

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Transfer Date	Mar 18, 2014
Transfer Doc	0000048003
Record Updated	Sep 20, 2026

August 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	503 E COLFAX ST, PALATINE, IL 60074-5466
Document Number	1725547094
Instrument Date	Aug 22, 2017
Transaction Type	Mortgage
Record Updated	Sep 21, 2017

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Personal Trust
Address	503 E COLFAX ST PALATINE IL 600745466, PALATINE, IL 60074-5466

Mortgage

Document Number	1725547094
Date	Sep 12, 2017
Instrument	25547094

Lender

Name	JP MORGAN CHASE BK
Type	Bank
Address	COLUMBUS, OH 43240

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	360 Months
Due	Sep 11, 2047

Interest

Rate Type	Adjustable Rate
Rate	4.25%

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Illinois
County	Cook County
County Subdivision	Palatine Township
Municipality	Palatine Village
Elementary School District	Palatine Community Consolidated School District 15 (PK - 08)
Secondary School District	Township High School District 211 (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$30,000 (+2%) Land $6,650 Building $23,350	$300,000 (+2%) Land $66,500 Building $233,500
2023	$5,635.00 (+4.43%)
2022	$5,396.00 Homeowner's exemption Senior Citizen's exemption	$25,000 Land $5,700 Building $19,300	$250,000 Land $57,000 Building $193,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective February 11, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

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	PALATINE serves 70,875 people · EPA ID IL0312340
Water Source	Purchased surface water from NORTHWEST WATER COMMISSION
Last State Inspection	Feb 2026
Lead	9 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	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 524 locations within half a mile, as of December 31, 2025

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

May also be available: AT&T, Verizon.

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