501 E Prospect Ave Unit 2B, Mount Prospect, IL 60056
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About this home
This unit has it all: assigned parking, storage unit, and a SUPERB location! Walk up to downtown Mt Prospect, to the famous Mrs P and ME and to two parks too. It's freshly painted, newly carpeted and available now.
Est. $1,590 per month, based on comparable rentals
Sale and tax history for 501 E Prospect Ave Unit 2B
Sale History
Tax History
Date
Event
Price
MRED as Distributed by MLS Grid #12727312
Sep 2, 2026
Sold (MLS) (Closed)
$155,000
MRED as Distributed by MLS Grid #09742505
Nov 1, 2017
Sold (MLS) (Closed Sale)
$85,000
Oct 2, 2017
Contingent
—
Sep 22, 2017
Price Changed
$89,900
Sep 6, 2017
Listed (New)
$99,900
+5
THE PERFECT ANSWER FOR THE BUYER WHO WANTS SOMETHING INEXPENSIVE AND WITH A CONVENIENT COUPLE OF MINUTE WALK TO TOWN AND TRAIN. IT IS ALSO PERFECT FOR THE BUYER WHO SPENDS 6 MONTHS DOWN SOUTH FOR THE WINTER, BUT WANTS TO COME BACK TO THE NORTHWEST SUBURBS FOR THE OTHER 6 MONTHS. AND LASTLY, FOR THE INVESTOR BUYER IT IS ONE OF ONLY A HANDFUL OF CONDO COMPLEXES THAT ALLOW INVESTOR OWNERS. ALTHOUGH ONLY A 1 BEDROOM, THIS CONDO WILL SURPRISE YOU WITH HOW SPACIOUS IT IS AND YOU CAN'T BEAT THE LOW ASSOCIATION FEE OF $ 155/ MONTH AND REAL ESTATE TAXES OF $ 819 FOR 2016 ( HOMEOWNERS EXEMPTION IS INCLUDED). ALL IN ALL IT IS THE PERFECT COMBINATION OF PRICE , CONDITION AND LOCATION. COME SEE IT TODAY AND MAKE IT YOUR OWN TOMORROW!
MRED as Distributed by MLS Grid #07168960
Jun 11, 2009
Listing Removed
—
Mar 24, 2009
Listed
*
Public Records
Dec 9, 2004
Sold
$110,000
Public Records
Aug 1, 1988
Sold
$40,500
Public Records
Sep 1, 1985
Sold
$34,000
Year
Property tax
Land + Additions
Assessment*
2023
$2,445 (+4.0%)
$1,364 + $7,413
$8,777
2022
$2,351 (+20.8%)
$1,364 + $7,413
$8,777
2021
$1,947 (+2.1%)
$886 + $5,361
$6,247
2020
$1,906
$886 + $5,361
$6,247
2019
$1,905 (+11.6%)
$886 + $6,062
$6,948
2018
$1,707 (+152.4%)
$750 + $4,830
$5,580
2017
$676 (−17.4%)
$750 + $4,830
$5,580
2016
$819 (−14.9%)
$750 + $4,830
$5,580
2015
$962
$613 + $5,322
$5,935
2014
$962 (+2.0%)
$613 + $5,322
$5,935
2013
$943 (−1.7%)
$613 + $5,322
$5,935
2012
$959 (−6.7%)
$716 + $5,502
$6,218
2011
$1,027 (−4.2%)
$716 + $5,502
$6,218
2010
$1,073 (−17.0%)
$716 + $5,502
$6,218
2009
$1,293 (+7.7%)
$975 + $8,975
$9,950
2008
$1,200 (+3.8%)
$1,560 + $9,139
$10,699
2007
$1,157
$1,560 + $9,139
$10,699
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Condo/Co-op
County
Cook County
APN
08122270161014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 11, 2026.
R4
Multi Family Residence District
The purpose of the R-4 multi-family residence district is to provide areas for limited concentrations of medium to higher density apartment and multi-family development.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Multiple units
Recreation
Property details
Parking
Parking Information
# of Parking (Total): 1
Parking Features: Owned
Interior
Bathroom Information
# of Baths (Full): 1
Bedroom Information
# of Bedrooms: 1
# of Bedrooms Possible: 1
Room Information
Room Type: Bedroom 2
Room Information
Room Type: Bedroom 3
Room Information
Room Type: Bedroom 4
Room Information
Room Type: Dining Room
Room Information
Room Type: Family Room
Room Information
Room Type: Kitchen
Level: Main
Dimensions: 11 x 8
Flooring: Ceramic Tile
Room Information
Room Type: Laundry
Room Information
Room Type: Living Room
Level: Main
Dimensions: 20 x 13
Window Treatments: All
Flooring: Wood Laminate
Room Information
Room Type: Master Bedroom
Level: Main
Dimensions: 14 x 12
Flooring: Wood Laminate
Bath: None
Interior Features
Interior Features: Storage
# of Rooms: 3
Flooring: Laminate
Exterior
Building Information
# Of Units in Building: 40
Living Area Source: Not Reported
Age: 61-70 Years
Built Before 1978 (Y/N): Yes
Construction Materials: Brick
Property Information
Entry Level: 2
Property Type: Attached Single
Property Type: Condo
Ownership: Condo
Property Currently Being Leased: Yes
Rebuilt (Y/N): No
Rehab (Y/N): No
Parcel Number: 08122270161014
Lot Information
Dimensions: INTEGRAL
Financial
Tax Information
Tax Annual Amount: $3,335
Tax Year: 2025
Financial Information
Finance Code: Cash
Special Service Area: N
Utilities
Utility Information
Water Source: Lake Michigan
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas, Forced Air
Cooling: Wall Unit(s)
Location
Community Information
Pets Allowed (Y/N): Yes
Pets Allowed: Cats OK, Dogs OK
Max Pet Weight: 999
Homeowners Association Information
Association Fee: $197
Association Fee Frequency: Monthly
Association Fee Includes: Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Master Association Fee Frequency: Not Required
School Information
Elementary School District: 57
Elementary School: Lions Park Elementary School
Middle Or Junior School District: 57
Middle Or Junior School: Lincoln Junior High School
High School District: 214
High School: Prospect High School
Location Information
Township: Elk Grove
Corporate Limits: Mount Prospect
Directions: EMERSON ST SOUTH OF NW HWY TO PROSPECT AVE, THEN EAST TO PROSPECT GARDENS CONDOS
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Cook County
APN: 08122270161014
Home facts updated by county records on Jul 11, 2026
Estimated 70-78% chance 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
0% 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)
30
15
38
21
54
33
62
42
69
48
82
62
85
68
81
64
79
58
68
48
50
37
36
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 4% for direct sun exposure in Mount Prospect. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.7 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$136,000 – $164,000
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