650 E Algonquin Rd, Schaumburg, IL 60173 Property Records

Cook County property record for 650 E Algonquin Rd, Schaumburg, IL 60173

Property Summary

Property Type	Apartments (5+ Units)
Details	238 bd · 236,820 sqft · built 2016
Lot Size	6.53 acres (284,882 sqft)
Owner	Company Name on Record
Last Sale	$50,000,000 (Nov 2018)
Tax Bill	$882,465 (2023)
Deeds & Mortgages	Nov 2018 Sale & Mortgage Aug 2018 Loan Modification
Flood Zone	Zone X (minimal risk)
APN	`02-34-102-066`

Property Details

APN / Parcel Number

Primary APN	`02-34-102-066`
Alternative APN	`02-34-102-066-0000`

Interior

Bedrooms	238 Beds
Units	460 Units
Building Area	236,820 sqft Living Area

Exterior

Year Built	Built 2016
Effective Year Built	Effective 2016
Lot Area	284,882 sqft

Location & Zoning

Street Address	650 E ALGONQUIN RD
City	SCHAUMBURG
State	IL
Zip	60173-3846
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Range	10E
Legal Township	42N
Legal Section	34
Legal Subdivision	LAKEWOODS/KINDER CARE
Legal Lot Number	2
Jurisdiction	COOK IL
Township / Civil Division	PALATINE
Census Block Group	1
Census Block	1018
Census Tract	804108

Owner

Source: Cook County records, as of June 15, 2026

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

Owner of Record	Company Name on Record
Mailing Address	55 E MONROE ST, 3900, CHICAGO, IL 60603-5710
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Nov 21, 2018	Grant Deed, Transfer · Conventional Mortgage WALKER & DUNLOP
Aug 21, 2018	Loan Modification, Mortgage REGIONS BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Nov 21, 2018 · Amount on Record
Deed Sale	Nov 21, 2018 · Amount on Record
Prior Sale	May 13, 2015 · Amount on Record
Deed Document Number	201845081
Record Updated	Sep 20, 2026

November 2018: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	COOK IL
Recording Date	Nov 21, 2018
Property Address	650 E ALGONQUIN RD, SCHAUMBURG, IL 60173-3846
Document Number	1832545081
Instrument Date	Nov 16, 2018
Instrument	32545081
Transaction Type	Transfer
Record Updated	Dec 7, 2018
Title Company	OTHER

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$50,000.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	55 E MONROE ST #39TH CHICAGO IL 606035713, 39TH, CHICAGO, IL 60603-5713

Mortgage

Document Number	1832545082
Date	Nov 21, 2018
Instrument	32545082

Lender

Name	WALKER & DUNLOP
Address	BETHESDA, MD 20814

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	120 Months
Due	Nov 20, 2028

Interest

Rate Type	Adjustable Rate

August 2018: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	COOK IL
Property Address	650 E ALGONQUIN RD, SCHAUMBURG, IL 60173-3846
Document Number	1825513034
Instrument Date	Aug 21, 2018
Transaction Type	Mortgage
Record Updated	Sep 25, 2018
Title Company	OTHER

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	212 E 3RD ST #300 CINCINNATI OH 452025500, 300, CINCINNATI, OH 45202-5500

Mortgage

Document Number	1825513034
Date	Sep 12, 2018
Instrument	25513034

Lender

Name	REGIONS BK
Type	Bank
Address	100 N TAMPA ST # 3400, TAMPA, FL 33602-5145

Agreement

Amount	Amount Recorded

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	Schaumburg 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		$4,688,200 (+49.09%) Land $256,519 Building $4,431,681	$46,882,000 (+49.09%) Land $2,565,190 Building $44,316,810
2023	$882,465.00 (+3.52%)
2022	$852,431.00	$3,144,511 Land $285,021 Building $2,859,490	$31,445,110 Land $2,850,210 Building $28,594,900

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

Source: FEMA National Flood Hazard Layer, effective February 11, 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 Policies	4 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

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	SCHAUMBURG serves 75,750 people · EPA ID IL0314890
Water Source	Purchased surface water from NORTHWEST SUBURBAN MUNICIPAL JAWA
Last State Inspection	Mar 2025
Lead	Under 1 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	3 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 148 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	1,000 / 75
AT&T Fixed Wireless · Fiber, DSL in parts of the area	100 / 20

May also be available: Astound Broadband, T-Mobile.

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