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Single Family ResidenceResidential
$517,232$203 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $200,000 on Nov 7, 2000

116 S ELMWOOD AVE

PALATINE, IL 60074
3
Beds
2
Baths
2,546 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.26 ac
Lot SizeThe size of the land the home sits on, from county records.
1950
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
8
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$517K
$476K low$559K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$200,000 · Nov 7, 2000

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$10,268 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$49,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$7,938
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$41,062
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$38,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$490,000

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.43
46
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
61
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
66
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.11 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyCOOK
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1951
Lot (acres)The size of the land the home sits on, from county records.0.26
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.No Foundation
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Winston Campus Junior High SchoolD+
Middle · Grades 6–8 · 0.4 mi
E
Virginia Lake Elementary SchoolC
Elementary · Grades KG–5 · 1.4 mi
H
Palatine High SchoolC+
High · Grades 9–12 · 1.8 mi

District: Township High School District 211

Neighborhood · ZIP 60074These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.69
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.122
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.46

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.28%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.9%
PopulationHow many people live in this area.35,345
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,963 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$82,834
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$100,133
Average tempThe average temperature here across a full year.48°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

116 S Elmwood Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 92% of homes in Palatine 60074
  • Costs less per square foot than 70% of homes in Palatine 60074
  • Bigger than 92% of homes in Palatine 60074
  • Has a bigger lot than 71% of homes in Cook County
  • Older than 97% of homes in Palatine 60074

What homes are worth in Palatine 60074

Each bar is how many homes fall in that price range. The marker is this home.

This home
$151K$658K

This home is worth more than 92% of homes in Palatine 60074.

How it measures up in Palatine 60074

The dot is this home. The mark in the middle is the typical home in Palatine 60074.

Estimated value$517,232
CheaperTypical $303,294Pricier

Pricier than 92% of homes nearby

Price per ft²$203
CheaperTypical $224Pricier

Pricier than 30% of homes nearby

Living area2,546 ft²
SmallerTypical 1,248 ft²Bigger

Bigger than 92% of homes nearby

Lot size0.26 ac
SmallerTypical 0.65 acBigger

Bigger than 40% of homes nearby

Year built1950
OlderTypical 1977Newer

Newer than 3% of homes nearby

How 116 S Elmwood Ave ranks against every home in each area.
MeasureThis homePalatine 60074Cook County
Estimated valuepricier than$517,23292% of homes78% of homes
Price per ft²pricier than$20330% of homes31% of homes
Living areabigger than2,546 ft²92% of homes83% of homes
Lot sizebigger than0.26 ac40% of homes71% of homes
Year builtnewer than19503% of homes35% of homes

About 116 S Elmwood Ave

How much is 116 S Elmwood Ave, Palatine, IL worth?

The TopHap Estimate for 116 S Elmwood Ave, Palatine, IL is $517,232 as of Sep 24, 2026. The likely range is $475,587 to $558,877. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 116 S Elmwood Ave, Palatine, IL last sell?

116 S Elmwood Ave, Palatine, IL last sold on Nov 7, 2000 for $200,000, according to the county's recorded deed.

How big is 116 S Elmwood Ave, Palatine, IL?

116 S Elmwood Ave, Palatine, IL has 3 bedrooms, 2 bathrooms, 2,546 square feet of living space and a 0.26-acre lot.

When was 116 S Elmwood Ave, Palatine, IL built?

116 S Elmwood Ave, Palatine, IL was built in 1950, making it 76 years old. It is a ranch home. The building has 1 story.

What schools serve 116 S Elmwood Ave, Palatine, IL?

116 S Elmwood Ave, Palatine, IL is assigned to Winston Campus Junior High School (middle), rated D+; Virginia Lake Elementary School (elementary), rated C; Palatine High School (high), rated C+. All sit in Township High School District 211. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 116 S Elmwood Ave, Palatine, IL compare to other homes in Palatine 60074?

Among the 12,594 homes in Palatine 60074, it is worth more than 92% of them ($517,232 against a typical $303,294), its price per square foot is higher than 30% of them ($203 against a typical $224), it is bigger than 92% of them (2,546 ft² against a typical 1,248 ft²), its lot is bigger than 40% of them (0.26 ac against a typical 0.65 ac) and it is newer than 3% of them (1950 against a typical 1977). Measured against all of Cook County, it is worth more than 78% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 116 S Elmwood Ave, Palatine, IL?

The 2023 property tax bill for 116 S Elmwood Ave, Palatine, IL was $10,268. The county assessed it at $49,000.

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