501 E Prospect Ave #1I, Mount Prospect, IL 60056
OFF MARKET

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

  • 1 Bed
  • 1 Bath
  • 800 sqft (on 1.05 acres)

$155,000

Trulia Estimate
as of Jun 5, 2026
Est. Refi. Payment $1,107/mo*
Refinance Your Home

$155,000

Trulia Estimate
as of Jun 5, 2026
Est. Refi. Payment $1,107/mo*
Refinance Your Home
1 Bed
1 Bath
800 sqft
(on 1.05 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Newly renovated 1 bedroom unit situated in quiet and crime free in Prospect Gardens condominiums available for rent.
- Walk to Metra Station (0.2 miles)
- First floor unit with laundry on same floor.
- Freshly painted, brand new flooring, professionally cleaned.
- Walk-in closet in bedroom, tons of closet space in hallway and a separate storage room in building on the same floor.
- Brand new vanity and toilet in the bathroom.
- One parking spot, plenty of guest parking plus lots of street parking.
- Professionally managed condominium community.
- Steps away from Lions Recreation park and swimming pool
- Walking distance to Restaurants, Bars, Banks and plenty of things to do around.

Tenant pays for Electricity and gas only. Minimum 1 year lease required. Tenant must pass background and credit check.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 501 E Prospect Ave #1I

Interior Features

Heating & Cooling
Heating: Forced Air, GasCooling System: OtherHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 3Floors: Hardwood
Interior Details
Number of Rooms: 4Types of Rooms: Dining Room
Appliances & Utilities
Refrigerator

Exterior Features

Exterior Home Features
Roof: OtherExterior: Brick
Parking & Garage
Parking Space: 1Parking: Off Street

Property Information

Year Built
Year Built: 1963
Property Type / Style
Property Type: ApartmentArchitecture: Other

Community

Units in Building: 60

Lot Information

Lot Area: 1.05 acres

Additional Information

On Site Laundry Available

Price History for 501 E Prospect Ave #1I

DatePriceEventSource
03/24/2021ListingRemovedN/A
08/13/2019$1,145ListingRemovedN/A
07/24/2019$1,145Listed For RentN/A
07/11/2019$92,500Sold
MRED as distributed by MLS GRID #10425397
06/22/2019$99,500PendingAgent Provided
06/21/2019$99,500PendingToActiveAgent Provided
05/23/2019$99,500PendingAgent Provided
05/14/2019$99,500Listed For SaleAgent Provided
02/21/2014$56,700Sold
MRED as distributed by MLS GRID #08480254
12/23/2013$57,500PendingAgent Provided
11/02/2013$57,500Listed For SaleAgent Provided

Market trends in Mount Prospect

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$383K
$23.33KMoM
Sale-to-List Price
—
Price per sq ft
$272
$28MoM
Available listings
112
13MoM
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Property Tax and Assessment

Year2023
Tax$2,445
Assessment$87,770
Home facts updated by county records

Comparable Sales for 501 E Prospect Ave #1I

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
920 Beau Dr #204, Des Plaines, IL
1.77
Apartment
$218,000
11/12/25
2
1
850
1119 E Algonquin Rd #2, Arlington Heights, IL
2.49
Apartment
$163,500
04/09/26
1
1
1,000
647 Metropolitan Way #402L, Des Plaines, IL
2.57
Apartment
$275,000
09/25/25
1
1
900
940 Beau Dr #110, Des Plaines, IL
1.77
Apartment
$230,000
03/30/26
2
1
1,000
326 E Cypress St, Arlington Heights, IL
2.49
Apartment
$369,000
06/16/25
3
1
1,450
930 Beau Dr #312, Des Plaines, IL
1.77
Apartment
$263,500
04/13/26
3
2
1,700
1615 E Central Rd #122C, Arlington Heights, IL
1.85
Apartment
$275,000
05/08/26
3
2
1,600
1206 E Fairview St #305, Arlington Heights, IL
2.23
Apartment
$185,000
03/02/26
2
2
1,100
2323 S Goebbert Rd #109, Arlington Heights, IL
2.55
Apartment
$200,000
12/31/25
2
1
900
370 S Western Ave #403, Des Plaines, IL
1.98
Apartment
$375,000
04/08/26
2
2
1,994
Home facts updated by county records

Nearby homes

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Assigned Schools

These are the assigned schools for 501 E Prospect Ave #1I.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Mount Prospect

At least 375 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.
  • 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
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  • Myrvetehoxhaj
    "It is safe for kids, and around area are good playgrounds that your little one can make easily friends. "
    0
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  • 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
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  • 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
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  • 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."
    0
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  • 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
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  • Abhishek R.
    "The bark park in the neighborhood is really help full for the dog owners. "
    1
    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
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Homes for sale near 501 E Prospect Ave #1I

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Off Market Homes Near 501 E Prospect Ave #1I

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Homes for rent near 501 E Prospect Ave #1I

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501 E Prospect Ave #1I, Mount Prospect, IL 60056 is a 1 bedroom, 1 bathroom, 800 sqft apartment built in 1963. This property is not currently available for sale. 501 E Prospect Ave #1I was last sold on Jul 11, 2019 for $92,500. The current Trulia Estimate for 501 E Prospect Ave #1I is $155,000.