OFF MARKET

Off market oct 2010 for $353K

$607,718

Est. refi paymentEst. refi $2,593/mo

•

2 ba

•

—

sq ft

502 W Memory Ln, Mount Prospect, IL 60056

About this home

Single-familyProperty Type

1952Year Built

6,534 sq ftLot Size

2 spacesParking

Listed by Sheila Morgan • RE/MAX Unlimited Northwest

Bought with James Regan • RE/MAX Suburban

Redfin checked: a minute ago

•Source:MRED as Distributed by MLS Grid #07588642

Redfin Estimate

$607,718

$255K since sold in October 2010$2,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 25.4% higher than the average sale price ($485K) of 6 comparable homes.

SOLD JUL 10, 2026
$397,000
A
3 beds2 baths1,069 sq ft
406 N Prospect Manor Ave, Mount Prospect, IL 60056
SOLD AUG 14, 2026
$470,000
B
3 beds2 baths1,654 sq ft
511 N Maple St, Mount Prospect, IL 60056
SOLD AUG 7, 2026
$595,000
C
3 beds2 baths1,705 sq ft
107 N Elmhurst Ave, Mount Prospect, IL 60056
SOLD OCT 2, 2026
$330,000
D
3 beds2 baths2,000 sq ft
620 N Main St, Mount Prospect, IL 60056
SOLD SEP 28, 2026
$575,000
E
3 beds2 baths— sq ft
506 N Elmhurst Ave, Mount Prospect, IL 60056
SOLD JUN 22, 2026
$540,000
F
3 beds2 baths1,371 sq ft
615 N Prospect Manor Ave, Mount Prospect, IL 60056

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Earn from this home

Sell

$405,959

Est. take-home

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Est. cash available

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Rent

$2,233/mo

Redfin rental estimate

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Market trends in 60056, IL

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

100.5%

0.8% MoM

Median sale price

$466K

$4K MoM

Avg. days on market

48d

2 days MoM

Recently sold homes

161

12 MoM

New listings for sale

NEW
$275,000
3 beds2 baths1,443 sq ft
762 Dempster St Unit D212, Mount Prospect, IL 60056
OPEN SUN, 2PM TO 4PM
$259,900
2 beds2 baths1,150 sq ft
502 W Huntington Commons Rd #241, Mount Prospect, IL 60056
3D WALKTHROUGH
$799,000
3 beds3 baths1,494 sq ft
2824 Briarwood Dr, Arlington Heights, IL 60005
$499,000
3 beds2.5 baths1,235 sq ft
1205 E Ironwood Dr, Mount Prospect, IL 60056
$450,000
3 beds2 baths1,209 sq ft
517 N Emerson St, Mount Prospect, IL 60056
$559,000
3 beds2 baths1,148 sq ft
217 S Owen St, Mount Prospect, IL 60056
$299,900
2 beds2 baths1,342 sq ft
1255 W Prospect Ave #101, Mount Prospect, IL 60056
$325,000
3 beds1.5 baths1,770 sq ft
1250 N Wheeling Rd, Mount Prospect, IL 60056
$220,000
2 beds2 baths1,104 sq ft
625 W Huntington Commons Rd #405, Mount Prospect, IL 60056
$289,500
3 beds2 baths1,500 sq ft
1777 W Crystal Ln #206, Mount Prospect, IL 60056
See all

Provided by Redfin

Sale history for 502 W Memory Ln

Year

Property tax

Land + Additions

Assessment*

2023

$6,860 (−6.1%)

$7,796 + $27,393

$35,189

2022

$7,308 (+31.8%)

$6,497 + $24,258

$30,755

2021

$5,546 (+0.8%)

$4,060 + $17,103

$21,163

2020

$5,500 (−0.7%)

$4,060 + $17,103

$21,163

2019

$5,540 (−19.4%)

$4,060 + $19,613

$23,673

2018

$6,871 (−0.5%)

$3,573 + $22,380

$25,953

2017

$6,908 (+11.2%)

$3,573 + $22,380

$25,953

2016

$6,210 (+13.5%)

$3,573 + $22,380

$25,953

2015

$5,471 (+1.4%)

$3,086 + $18,412

$21,498

2014

$5,393 (−35.6%)

$3,086 + $18,412

$21,498

2013

$8,378 (+43.1%)

$3,086 + $28,963

$32,049

2012

$5,855 (+3.0%)

$3,410 + $21,853

$25,263

2011

$5,682 (+3.1%)

$3,410 + $21,853

$25,263

2010

$5,514 (−5.3%)

$3,410 + $21,853

$25,263

2009

$5,820 (+15.5%)

$3,573 + $28,558

$32,131

2008

$5,038 (+14.2%)

$5,717 + $28,833

$34,550

2007

$4,409

$5,717 + $28,833

$34,550

Tax history for 502 W Memory Ln

Year

Property tax

Land + Additions

Assessment*

2023

$6,860 (−6.1%)

$7,796 + $27,393

$35,189

2022

$7,308 (+31.8%)

$6,497 + $24,258

$30,755

2021

$5,546 (+0.8%)

$4,060 + $17,103

$21,163

2020

$5,500 (−0.7%)

$4,060 + $17,103

$21,163

2019

$5,540 (−19.4%)

$4,060 + $19,613

$23,673

2018

$6,871 (−0.5%)

$3,573 + $22,380

$25,953

2017

$6,908 (+11.2%)

$3,573 + $22,380

$25,953

2016

$6,210 (+13.5%)

$3,573 + $22,380

$25,953

2015

$5,471 (+1.4%)

$3,086 + $18,412

$21,498

2014

$5,393 (−35.6%)

$3,086 + $18,412

$21,498

2013

$8,378 (+43.1%)

$3,086 + $28,963

$32,049

2012

$5,855 (+3.0%)

$3,410 + $21,853

$25,263

2011

$5,682 (+3.1%)

$3,410 + $21,853

$25,263

2010

$5,514 (−5.3%)

$3,410 + $21,853

$25,263

2009

$5,820 (+15.5%)

$3,573 + $28,558

$32,131

2008

$5,038 (+14.2%)

$5,717 + $28,833

$34,550

2007

$4,409

$5,717 + $28,833

$34,550

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

1.5

Lot width

—

Lot depth

—

Lot size

6,497 Sq. Ft.

Year renovated

—

Sq. Ft.

1,412

Year built

1950

Style

Single Family Residential

County

Cook County

APN

03341180110000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 16, 2026.

Single Family Residence District

The purpose of the R-A single-family residence district is to accommodate existing single-family residential development in older, established sections of the Village. These neighborhoods are characterized by smaller lots than required in the R-1 district.

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit

Property details

Parking

Parking Information
# of Cars: 2
# of Garage Spaces: 2
Garage Parking
Garage Door Opener(s)
Attached Garage

Interior

Bedroom Information
# of Bedrooms: 4
# of Bedrooms (Above Grade): 4

Master Bedroom Information
Size: 19X18
On 2nd Level
Carpet Flooring
Has Window Treatments

Bedroom #2 Information
Size: 18X12
On 2nd Level
Carpet Flooring
Has Window Treatments

Bedroom #3 Information
Size: 14X11
On Main Level
Hardwood Flooring
Has Window Treatments

Bedroom #4 Information
Size: 12X11
On Main Level
Hardwood Flooring
Has Window Treatments

Bathroom Information
# of Baths (Full): 2

Living Room Information
Size: 20X14
On Main Level
Carpet Flooring
Has Window Treatments

Family Room Information
Size: 16X12
On Main Level
Hardwood Flooring
Has Window Treatments

Dining Room Information
Separate Dining Room, L-shaped
Size: 13X11
On Main Level
Carpet Flooring
Has Window Treatments

Kitchen Information
Size: 16X11
Eating Area (Breakfast Bar), Eating Area (Table Space)
On Main Level
Hardwood Flooring
Has Window Treatments

Laundry Room Information
Size: 22X13
On Lower Level
Other Flooring

Additional Rooms Information
Deck, Recreation Room
Full Basement
Finished Basement

Additional Room #1 Information
Recreation Room
Size: 14X13
On Lower Level
Carpet Flooring
Has Window Treatments

Additional Room #3 Information
Deck
Size: 22X16
On Main Level
Other Flooring

Equipment
Oven/Range, Microwave, Dishwasher, Refrigerator, Disposal
Humidifier, Water Softener (Owned), Cable TV, Carbon Monoxide Detectors, Whole House Fan, Sump Pump

Fireplace Information
# of Fireplaces: 1
In Living Room
Attached Fireplace Doors/Screen, Gas Logs

Interior Features
Vaulted/Cathedral Ceilings, 1st Floor Bedroom

Heating & Cooling
Gas Heating, Forced Air Heating
Central Air Conditioning

Exterior

Building Information
Sq. Ft. Source: Not Reported
Built Before 1978
Recent Rehab (Y/N): Yes
Age: 51-100 Years
Aluminum/Vinyl/Steel Siding, Brick Exterior

Property Features
Deck

Lot Information
Dimensions: 50X135
Less Than .25 Acre
Corner, Fenced Yard, Professionally Landscaped

Property Information
# of Rooms: 10
Ownership: Fee Simple
School Bus Service, Commuter Bus, Commuter Train
Parcel Identification Number: 03341180110000

Financial

Financial Information
Tax: $5,037
Tax Year: 2008
Tax Exemptions: Homeowner
Finance Code: Conventional

Utilities

Utility Information
Water: Lake Michigan
Sewer (Public)

Location

Community Information
Park/Playground, Pool, Tennis Courts

School Information
Elementary School: FAIRVIEW ELEMENTARY SCHOOL
Elementary School District: 57
Junior High: LINCOLN JUNIOR HIGH SCHOOL
Junior High District: 57
High School: PROSPECT HIGH SCHOOL
High School District: 214

Location Information
Township: WHEELING
Corporate Limits: MOUNT PROSPECT
Directions: NORTHWEST HWY E (PASS ARTHUR) TO GREGORY L,TO MACARTHUR L,TO MEMORY R TO HOME

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,412
Stories: 1.5
Lot Size: 6,497 square feet
Style: Single Family Residential
Year Built: 1950
Year Renovated: —
County: Cook County
APN: 03341180110000

Home facts updated by county records on Sep 16, 2026

Other

Listing Information
Possession: Closing
Holds Earnest Money: Yes
Sale Terms: Conventional
Seller Concessions: No

Around this home

Schools

Fairview Elementary School

Public 2-5 • Assigned • 0.3mi

9/10

Lincoln Middle School

Public 6-8 • Assigned • 1.1mi

7/10

Prospect High School

Public 9-12 • Assigned • 0.4mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 100° expected this year, 14 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Mount Prospect, IL • 60056

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$578,000 – $699,000

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Nearby similar homes

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New listings for sale in 60056

NEW3D WALKTHROUGH

$275,000

3 beds2 baths1,443 sq ft

762 Dempster St Unit D212, Mount Prospect, IL 60056

Open-concept living • Oak cabinetry • Private bath

OPEN SUN, 2PM TO 4PM

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502 W Huntington Commons Rd #241, Mount Prospect, IL 60056

Open floor plan • $470 HOA • Garage

3D WALKTHROUGH

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$499,000

3 beds2.5 baths1,235 sq ft

1205 E Ironwood Dr, Mount Prospect, IL 60056

Updated home • Refreshed kitchen • Private backyard

$450,000

3 beds2 baths1,209 sq ft

517 N Emerson St, Mount Prospect, IL 60056

Open layout • Hardwood floors • Updated kitchen

$559,000

3 beds2 baths1,148 sq ft

217 S Owen St, Mount Prospect, IL 60056

Hardwood floors • Versatile space • New windows

$299,900

2 beds2 baths1,342 sq ft

1255 W Prospect Ave #101, Mount Prospect, IL 60056

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3 beds1.5 baths1,770 sq ft

1250 N Wheeling Rd, Mount Prospect, IL 60056

$230 HOA • 2 parking spots • Built 1962

$220,000

2 beds2 baths1,104 sq ft

625 W Huntington Commons Rd #405, Mount Prospect, IL 60056

Top floor condo • Private balcony • Eat in kitchen

Home values near 502 W Memory Ln

Data from public records.

Address	Redfin Estimate
501 West Memory Ln, Mount Prospect, IL 3 Beds \| 1 Baths \| 992 Sq. Ft.	$390,911
502 North Eastwood Ave, Mount Prospect, IL 3 Beds \| 1 Baths \| 1125 Sq. Ft.	$427,271

Address	Redfin Estimate
510 North Prospect Manor Ave Apt A, Mount Prospect, IL 3 Beds \| 1.5 Baths \| 1701 Sq. Ft.	$485,202
513 North Prospect Manor Ave Apt A, Mount Prospect, IL 3 Beds \| 2 Baths \| 1107 Sq. Ft.	$484,929

Address	Redfin Estimate
415 North Prospect Manor Ave, Mount Prospect, IL 4 Beds \| 2.5 Baths \| 2267 Sq. Ft.	$585,059
418 North Eastwood Ave, Mount Prospect, IL 3 Beds \| 1.5 Baths \| 1866 Sq. Ft.	$529,644

Property information provided by MRED as Distributed by MLS Grid when last listed in 2010. This data may not match . Learn more.

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