501 E Prospect Avenue Unit 1F
Mount Prospect, IL 60056
Map
- 1 bed
- 1 bath
- 800 sqft
- $218 per sqft
- 1963 build
- – on site
Don't miss this exceptional opportunity to own a beautifully maintained, RECENTLY RENOVATED, apartment in the heart of downtown Mount Prospect. Perfectly situated just steps from shops, restaurants, and public transportation, this unit offers unbeatable convenience and lifestyle appeal. Currently leased to a reliable tenant, this property presents a turnkey investment with immediate income potential. The interior features a bright and functional layout, a well-appointed kitchen, and a cozy living space ideal for comfortable living. Newer dishwasher & water heater. Each unit has an assigned storage space. This unit combines strong rental demand with a fantastic location. Property is currently leased until July 22, 2025.
Last checked:
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Last updated Jun 18, 2025
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MLS# 12377676 —
The Building
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Year Built:1963
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Rebuilt:No
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New Construction:false
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Construction Materials:Brick
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Basement:None
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Disability Access:No
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Stories Total:3
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Living Area Source:Estimated
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Entry Level:1
Interior
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Room Type:No additional rooms
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Rooms Total:4
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Laundry Features:Common Area
Room Dimensions
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Living Area:800
Location
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Directions:Northwest Highway to Emerson, Emerson to Prospect Ave. Building will be on the right.
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Location:4646
The Property
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Parcel Number:08122270161006
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Property Type:Residential
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Lot Size Dimensions:COMMON
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Rural:N
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Waterfront:false
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Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 939-5253
- Office phone:
- (312) 939-5253
Taxes
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Tax Year:2023
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Tax Annual Amount:1521
Beds
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Bedrooms Total:1
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Bedrooms Possible:1
Baths
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Baths:1
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Full Baths:1
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas, Forced Air
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Cooling:Wall Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Lions Park Elementary School
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Elementary School District:57
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Middle Or Junior School:Lincoln Junior High School
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Middle Or Junior School District:57
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High School:Prospect High School
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High School District:214
The Community
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Pets Allowed:Cats OK
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Association Fee:183
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Association Fee Includes:Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
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Association Fee Frequency:Monthly
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Master Assoc Fee Frequency:Not Required
Parking
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Parking Total:1
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Parking Features:Guest, On Site
Monthly cost estimate
Asking price
$175,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$937
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| Taxes | $126 |
| Insurance | $48 |
| HOA fees | $183 |
| Utilities | $103 See report |
| Total | $1,397/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/17/25
Jun 17, 2025
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Price Changed | MRED | $175,000 | -5.4% |
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5/30/25
May 30, 2025
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Listed / Active | MRED | $185,000 | 208.3% (18.0% / YR) |
|
10/30/13
Oct 30, 2013
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MRED | $60,000 | 106.9% |
