601 W 3rd St, Gilman, IL 60938 Property Records

Iroquois County property record for 601 W 3rd St, Gilman, IL 60938

Property Summary

Property Type	Single Family Home
Lot Size	0.545 acres (23,767 sqft)
Owner	Company Name on File
Last Sale	$55,000 (Nov 2024)
Tax Bill	$1,956 (2025)
Deeds & Mortgages	Oct 2026 Foreclosure Oct 2021 Sale & Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`16 31 433 009`

Property Details

APN / Parcel Number

Primary APN	`16 31 433 009`

Exterior

Lot Area	23,767 sqft (0.545 acres)

Location & Zoning

Street Address	601 W 3RD ST
City	GILMAN
State	IL
Zip	60938-1011
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LTS 9-11 BLK 40 CITY OF GILMAN
Legal Subdivision	GILMAN
Legal Block	40
Legal Lot Number	9-11
Jurisdiction	IROQUOIS IL
Township / Civil Division	DOUGLAS
Census Block Group	1
Census Block	1117
Census Tract	950600

Owner

601 W 3rd St is owned by a company that acquired it in October 2026.

Source: Iroquois County records, as of October 22, 2026

Owner of Record	Company Name on File
Mailing Address	601 W 3RD ST, GILMAN, IL 60938-1011
Owner Type	Company

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
Oct 9, 2026	Deed in Lieu of Foreclosure, Foreclosure NONE LISTED ON DOCUMENT
Oct 5, 2021	Warranty Deed, Transfer · Line of Credit FIRST STATE BANK OF FORREST

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Nov 6, 2024 · Amount on File
Deed Sale	Nov 6, 2024 · Amount on File
Prior Sale	Dec 13, 2010 · Amount on File
Deed Document Number	20243548
Last Transfer Date	Oct 9, 2026
Transfer Doc	0000003538
Record Updated	Oct 29, 2026

October 2026: Deed in Lieu of Foreclosure, Foreclosure

Document Type	Deed in Lieu of Foreclosure
Jurisdiction	IROQUOIS IL
Recording Date	Oct 9, 2026
Property Address	601 W 3RD ST, GILMAN, IL 60938-1011
Document Number	0000003538
Instrument Date	Oct 9, 2026
Instrument	20263538
Transaction Type	Foreclosure
Record Updated	Oct 23, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Tax	$0.00
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Investor	Possibly a Property Investor

October 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	IROQUOIS IL
Recording Date	Oct 5, 2021
Property Address	601 W 3RD ST, GILMAN, IL 60938-1011
Document Number	21R4105
Instrument Date	Oct 5, 2021
Instrument	21R4105
Transaction Type	Transfer
Record Updated	Oct 18, 2021
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$114.75
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	424 N HARTWELL ST, 424, GILMAN, IL 60938-1435

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	601 W 3RD ST, GILMAN, IL 60938-1011

Mortgage

Document Number	21R4106
Date	Oct 5, 2021
Instrument	21R4106

Lender

Name	FIRST STATE BANK OF FORREST
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	62 Months
Due	Dec 5, 2026

Tax Assessment & Valuation

The 2025 property tax bill for 601 W 3rd St was $1,956, up 41.1% from the year before.

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	$1,956.00 (+41.13%) Homeowner's exemption	$25,060 (+5.96%) Land $10,500 Building $14,560	$75,180 (+5.96%) Land $31,500 Building $43,680
2024	$1,386.00	$23,650 Land $9,910 Building $13,740	$70,950 Land $29,730 Building $41,220
2022	$1,254.00 Homeowner's exemption	$22,140 Land $9,280 Building $12,860	$66,420 Land $27,840 Building $38,580

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 601 W 3rd St in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2008.

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

Wildfire risk around 601 W 3rd St 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 98% of the US · lower than 86% 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	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 146 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
Watch TV Fixed Wireless	100 / 20

May also be available: Nextlink, Verizon.

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