501 E Prospect Ave #1D, Mount Prospect, IL 60056
Property image
Property image
OFF MARKET

501 E Prospect Ave #1D
Mount Prospect, IL 60056

  • 1 Bed
  • 1 Bath

$174,900

Trulia Estimate
as of Aug 23, 2026

$174,900

Trulia Estimate
as of Aug 23, 2026
  • 1 Bed
  • 1 Bath

Home Highlights

Property Type
Apartment

Local Information

  • Map ViewExplore the area around 501 E Prospect Ave #1D.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Located in the heart of Mount Prospect, this clean and well-maintained lean and bright 1-bedroom, 1-bath floor unit offers exceptional walkability and convenience. Just minutes walking to the Metra station, downtown shopping, dining, parks, and schools. Easy access to I-90 and I-294. The unit features a spacious 14x12 bedroom with a 6x5 walk-in closet plus a bonus linen closet. Luxury Vinyl Planking flooring throughout. Updated bath, and large windows providing abundant natural light. Quiet building. Tons Of Storage . Includes: 1 assigned parking space Visitor parking available Coin laundry in building steps from the unit Additional storage closet School Districts 54 & 214 Rental Requirements: Good credit required Income minimum 2.5x monthly rent Income verification required Tenant pays, gas and electric. Great opportunity to live steps from everything downtown Mount Prospect has to offer.

Tenant is responsible for gas and electric. Rental requirements include good credit, a minimum income of 2.5x the monthly rent, and income verification. The unit includes 1 assigned parking space, access to visitor parking, and an additional storage closet. Coin laundry is available in the building.
501 E Prospect Ave #1D, Mount Prospect, IL 60056 is a 1 bedroom, 1 bathroom apartment. More recently, it was listed as a rental in February 2026 with an asking price of $1,580 per month. That rental listing was removed on March 7, 2026. It is currently off market. The Trulia Estimate is $174,900, with a rent estimate of $2,053/month.

Home Details for 501 E Prospect Ave #1D

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central AirHeating Fuel: Forced Air
Appliances & Utilities
DryerMicrowaveRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Tile

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Exterior Features

Parking & Garage
Parking: Off Street Parking, On Site

Comparable Sales for 501 E Prospect Ave #1D

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1505 E Central Rd #212B, Arlington Heights, IL
1.85
Apartment
$177,000
07/14/26
1
1
1,000 sqft
940 Beau Dr #110, Des Plaines, IL
1.77
Apartment
$230,000
03/30/26
2
1
1,000 sqft
920 Beau Dr #204, Des Plaines, IL
1.77
Apartment
$218,000
11/12/25
2
1
850 sqft
750 W Dempster St #103, Mount Prospect, IL
1.89
Apartment
$232,000
07/13/26
3
1
1,700 sqft
1415 E Central Rd #318C, Arlington Heights, IL
1.91
Apartment
$216,000
05/01/26
2
2
1,240 sqft
370 Western Ave #403, Des Plaines, IL
1.98
Apartment
$375,000
04/08/26
2
2
1,994 sqft
647 Metropolitan Way #402L, Des Plaines, IL
2.57
Apartment
$275,000
09/25/25
1
1
900 sqft
535 S Cleveland Ave #406, Arlington Heights, IL
2.23
Apartment
$250,000
06/30/26
2
2
1,250 sqft
2222 S Goebbert Rd #258, Arlington Heights, IL
2.70
Apartment
$155,000
03/16/26
1
1
750 sqft
1301 Nutmeg Ct #A, Mount Prospect, IL
2.39
Apartment
$323,000
07/09/26
2
2
1,280 sqft
Home facts updated by county records

Nearby homes

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Around this home

What Locals Say about Mount Prospect

At least 376 Trulia users voted on each feature.

  • 84 % Say it's dog friendly

  • 84 % Say car is needed

  • 83 % Say there are sidewalks

  • 81 % Say parking is easy

  • 73 % Say there's holiday spirit

  • 70 % Say kids play outside

  • 69 % Say people would walk alone at night

  • 67 % Say yards are well-kept

  • 66 % Say it's walkable to restaurants

  • 65 % Say it's quiet

  • 58 % Say streets are well-lit

  • 56 % Say they plan to stay for at least 5 years

  • 54 % Say it's walkable to grocery stores

  • 52 % Say there's wildlife

  • 52 % Say neighbors are friendly

  • 42 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Zulennyb
    "Everyone walks their dogs with the leash on. In general, the dogs look calm and trained. I have been seeing the dog owners pick up the dogs poop."
    0
    Flag
  • Dc
    "This neighborhood is clean, safe and friendly. It has a beautiful public park that has been built and its open for everyone."
    0
    Flag
  • Life4u
    "Great place to live and raise family. Excellent schools and community. Hoping to raise our children here."
    0
    Flag
  • Myrvetehoxhaj
    "It is safe for kids, and around area are good playgrounds that your little one can make easily friends. "
    0
    Flag
  • Mohsin Mohammad
    "Well known very inclusive local flew markets events and many other amenities all big grocery stores are close by and easy access. "
    0
    Flag
  • Jillian
    "Commuter suburbs that also has everything you need. Plus friendly people. Good for families as the schools are rated well. "
    0
    Flag
  • Bledar
    "Love this area quite clean and school is good everything is close by my home "
    0
    Flag
  • Vicky Drebos
    "Excellent neighborhood. Great schools. Friendly neighborhoods. Easy to get to major highways and trains. Close to mall."
    0
    Flag
  • Zulennyb
    "My commute is comfortable because I have everything very close like restaurants, shopping centers, banks, parks and more."
    0
    Flag
  • Azeez Yusuf
    "Good environment is the major reason that the neighbors consider before moving to another location. My obey the neighbor requirement policy and every "
    0
    Flag
  • Jocelynn C.
    "there a lot of parks and open fields , to walk your dog . It’s overall a great place to live it’s very clean and quite ."
    2
    Flag
  • L.royal
    "Within walking distance of my home we have schools, parks, grocery shopping, and a train station. Power lines are buried on my block so we have very few issues with power."
    1
    Flag
  • L.royal
    "I am a dog owner and we have great parks within walking distance and even restaurants that allow the dogs to join when dining alfresco. They even will bring a water bowl for the pooch. We often plan our routes around locations to drop off mail in mailboxes and garbage cans for the poop. It’s a must to pick up after your pooch and keep them on a leash. Most homes in the area have good size to allow your dog to run around outside at home too. Biggest thing to watch out for are skunks and coyotes. Small dogs have even been known to disappear under the talons of a red tail hawk in the area. Our dog is black so our hot summers can be rough, we have learned to plan the longer walks for early mornings and later evenings. Is this 100 words yet. I am running out of things to say about dogs in the area."
    0
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  • Edgar M.
    "very friendly neighbourhood with lots to offer and many places to visit. lots to offer and very safe as well."
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    Flag
  • Lisa R
    "Mount Prospect is an amazing place to live. The schools are great. Our children have so many opportunities to try sports and music through our schools and park district. We can walk to shopping, restaurants, and the train. If looking to buy, walk the prospective neighborhood and strike up a conversation. We were sold on the neighborhood after we talked to our future neighbors."
    1
    Flag
  • Edgar M.
    "Neighborhood is very clean, very peaceful, and and very friendly area. People are very respectful and kind."
    0
    Flag
  • Kishan P.
    "I own a car. Buses takes lots of time for commute. So to make easy your transportation if you have a car in this neighborhood will make your day easy"
    2
    Flag
  • Abczsipe
    "you see people their dogs more then ever. We have all shapes and sizes. planty of space. people are great about cleaning up after their furry friends. no negative dog issues."
    2
    Flag
  • Mattyiq
    "best suburb. close to everything especially highways and airport. I can travel locally or internationally. Also the school district is amazing."
    0
    Flag
  • Abczsipe
    "love the fact young old. parks great schools very good sized houses. people take very goid care of yards. planty yard space. freidly neighborhood. kids riding bike. ect.."
    0
    Flag
  • Finley C.
    "Good sense of community and plenty of family activities with the park district and Library. The Library is fantastic and has a lovely children's section."
    0
    Flag
  • Pjfrayn
    "Family hometown feeling. A wonderful library, parks and schools. Well lighted and maintained Metra station."
    0
    Flag
  • Gerry M.
    "It’s a safe place to live and I couldn’t ask for a better place to live. I can take a walk at any time"
    0
    Flag
  • Ken F.
    "Lots of dogs, friendly neighbors who are dog friendly even if they don’t have a dog themselves, great place for dogs"
    0
    Flag
  • Dianferc7
    "good neighbors, safe and friendly. great location close to everything.. good schools in the area, restaurants and easy for shopping "
    0
    Flag
  • Hassna M.
    "Lovely neighborhood, nice neighbors and very helpful also great schools, every thing is almost around you- shopping, Entertainment, hospital. "
    0
    Flag
  • Ken F.
    "Reasonable driving to suburban office & quick and easy if taking metro downtown office, metro is very convenient "
    0
    Flag
  • Cathy P
    "Downtown block party and seasonal events, concerts, Friday’s on the Green in summer, concerts at the memorial bandshell, parades on 4 July and local carnival w/fireworks, terrific pools, recreation/fitness center, classes for all ages in a myriad of topic areas, great library, cute boutique shops/restaurants in downtown Mt. Prospect. Lots of options, but not overwhelming. "
    1
    Flag
  • Aumamimi
    "Easy access to several metra trains stations from walking distance to 10 min drive. Easy access to major highways and easy easy drive to ORD. Early flights (pre rush hour - 20 min) best location. "
    2
    Flag
  • Janicekessel
    "This area is unreal. I love the shopping, restaurants and outstanding park . Walking paths at Melis Park and Arlington lakes, rock. Best place to live in my book!"
    0
    Flag
  • bob c
    "Close to trains. Great school districts. Close to shopping etc. nice neighborhood with well maintained homes."
    1
    Flag
  • Stormyjl
    "Everything is close and convenient. I have grocery stores,restaurants,schools,parks, and gas stations within walking distance."
    0
    Flag
  • famendez73
    "Our neighborhood is unique because it has great schools, a strong heartwarming and welcoming community, cool outdoor mall and a small but awesome downtown area."
    1
    Flag
  • Daniel C.
    "Mount Prospect is a nice place to raise and family. It lies in Cook County so it is on the expensive side of housing costs. overall. I recommend Mount Prospect. "
    1
    Flag
  • Dave R. S.
    "it's safe, very convenient (restaurants,grocery stores,highways) and has great town library. I would recommend if your looking for a quite small suburban place to live. "
    1
    Flag
  • Janinepschoen
    "We just moved in a week ago and absolutely love the neighborhood, the people and the entire town of Mount Prospect. This is definitely out forever neighborhood. "
    1
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Mar 7, 2026
Source: Zillow Rentals
ListingRemoved
$1,580
Feb 20, 2026
Source: Zillow Rentals
Listed For Rent
$1,580

Frequently asked questions about 501 E Prospect Ave #1D

  • What is 501 E Prospect Ave #1D estimated to be worth?
    Trulia's estimated value for 501 E Prospect Ave #1D in Mount Prospect, IL is $174,900.
  • Is Mount Prospect a buyer's or seller's market?
    Mount Prospect is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Mount Prospect?
    The median sale price in Mount Prospect is $420K. That is down $18.33K from the prior month.
  • What do residents say about Mount Prospect?
    Residents describe Mount Prospect, IL as dog-friendly, pedestrian-friendly, and easy to park in. See recently sold homes in Mount Prospect, IL.
  • Does 501 E Prospect Ave #1D have air conditioning?
    Yes, 501 E Prospect Ave #1D in Mount Prospect, IL has air conditioning.
  • Does 501 E Prospect Ave #1D have laundry facilities?
    Yes, 501 E Prospect Ave #1D in Mount Prospect, IL has in-unit laundry.

Homes for rent near 501 E Prospect Ave #1D

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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