501 E Prospect Ave #2L, Mount Prospect, IL 60056
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OFF MARKET

501 E Prospect Ave #2L
Mount Prospect, IL 60056

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

$142,100

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $1,038/mo*
Refinance Your Home

$142,100

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $1,038/mo*
Refinance Your Home
1 Bed
1 Bath
725 sqft
(on 1.05 acres)

Home Value

Trulia Estimate
$142K
Since last month
Decreased$500 (-0.4%)
Since last year
Increased$9K (+6.4%)
Since last sale
Increased$67K (+89.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +82% in the last 10 years
MonthEstimated value
2026
August 2026$142K
July 2026$144K
June 2026$143K
May 2026$144K
April 2026$140K
March 2026$137K
February 2026$132K
January 2026$133K
2025
2024
2023
2022
2020

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
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
1415 E Central Rd #318C, Arlington Heights, IL
1.91
Apartment
$216,000
05/01/26
2
2
1,240
1505 E Central Rd #212B, Arlington Heights, IL
1.85
Apartment
$177,000
07/14/26
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
1301 Nutmeg Ct #A, Mount Prospect, IL
2.39
Apartment
$323,000
07/09/26
2
2
1,280
750 W Dempster St #103, Mount Prospect, IL
1.89
Apartment
$232,000
07/13/26
3
1
1,700
2222 S Goebbert Rd #258, Arlington Heights, IL
2.70
Apartment
$155,000
03/16/26
1
1
750
370 Western Ave #403, Des Plaines, IL
1.98
Apartment
$375,000
04/08/26
2
2
1,994
904 W Saint James St #1N, Arlington Heights, IL
3.83
Apartment
$205,000
03/24/26
2
1
1,100
Home facts updated by county records

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
501 E Prospect Ave #1B, Mount Prospect, IL 60056
0.00
$168,100
1
1
714
Off Market
501 E Prospect Ave #3F, Mount Prospect, IL 60056
0.00
$165,000
1
1
800
Off Market
501 E Prospect Ave #2E, Mount Prospect, IL 60056
0.00
$195,500
1
1
800
Off Market
407 E Lincoln St, Mount Prospect, IL 60056
0.03
$307,200
3
1.5
1,176
Off Market
415 E Lincoln St, Mount Prospect, IL 60056
0.03
$297,700
3
1.5
1,100
Off Market
501 E Lincoln St, Mount Prospect, IL 60056
0.03
$311,700
3
1.5
1,280
Off Market
545 E Lincoln St, Mount Prospect, IL 60056
0.03
$342,600
3
1.5
1,280
Off Market
307 S William St, Mount Prospect, IL 60056
0.10
$421,600
3
2
1,120
Off Market
630 E Shabonee Trl, Mount Prospect, IL 60056
0.16
$303,200
2
1.5
1,131
Off Market
317 S Louis St, Mount Prospect, IL 60056
0.15
$465,000
3
1
1,014
Off Market
706 E Sha Bonee Trl, Mount Prospect, IL 60056
0.16
$265,000
2
2.5
1,668
Recently Sold
1901 E Cholo Ln, Mount Prospect, IL 60056
0.10
$774,700
4
2.5
2,900
Off Market

Local Information

  • Map ViewExplore the area around 501 E Prospect Ave #2L.
-- mins to
Commute Destination

Home Highlights

Property Type
Apartment
Year Built
1963
Lot Size
1.05 acres
Living Area
725 sqft
Price/Sqft
$196

About this House

Great location, walk to town and parks, 1 off street parking spot included

Tenant pays Electric utilities
501 E Prospect Ave #2L, Mount Prospect, IL 60056 is a 1 bedroom, 1 bathroom, 725 sqft apartment built in 1963. It last sold for $75,075 on Sep 5, 2019. More recently, it was listed as a rental in September 2019 with an asking price of $900 per month. That rental listing was removed on March 24, 2021. It is currently off market. The Trulia Estimate is $142,100, with a rent estimate of $1,986/month.

Home Details for 501 E Prospect Ave #2L

Interior Features

Heating & Cooling
Heating: Forced Air, GasCooling System: OtherHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 3Floors: Carpet, Linoleum Vinyl
Interior Details
Types of Rooms: Dining Room

Property Information

Year Built
Year Built: 1963
Property Type / Style
Property Type: Apartment

Exterior Features

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

Community

Units in Building: 40

Lot Information

Lot Area: 1.05 acres

Additional Information

On Site Laundry Available

Price and Tax history

DateEventPrice
Mar 24, 2021
Source: N/A
ListingRemoved
Oct 7, 2019
Source: N/A
ListingRemoved
$900
Sep 17, 2019
Source: N/A
Listed For Rent
$900
Sep 5, 2019
Source: MRED as distributed by MLS GRID #10425383
Sold
$75,075
Jul 25, 2019
Source: Agent Provided
Pending
$74,900

Market trends in Mount Prospect

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$420K
$18.33KMoM
Sale-to-List Price
100.5%
Price per sq ft
$269
$9MoM
Available listings
124
9MoM
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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
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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
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  • 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
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  • Vicky Drebos
    "Excellent neighborhood. Great schools. Friendly neighborhoods. Easy to get to major highways and trains. Close to mall."
    0
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  • 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."
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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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  • 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
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  • 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

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Apartments for Rent

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Explore by feature - Pet Friendly

23 pet-friendly rentals in Mount Prospect, IL

Explore by feature - Garage

13 rentals with a garage in Mount Prospect, IL

Explore by feature - Air Conditioning

36 rentals with air conditioning in Mount Prospect, IL

Explore by feature - Pool

8 rentals with a pool in Mount Prospect, IL

Explore by feature - Washer/dryer

26 rentals with a washer/dryer in Mount Prospect, IL

Explore by feature - Outdoor Space

Homes for sale near 501 E Prospect Ave #2L

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Off Market Homes Near 501 E Prospect Ave #2L

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Frequently asked questions about 501 E Prospect Ave #2L

  • What is 501 E Prospect Ave #2L estimated to be worth?
    Trulia's estimated value for 501 E Prospect Ave #2L in Mount Prospect, IL is $142,100.
  • What is the price history for 501 E Prospect Ave #2L?
    501 E Prospect Ave #2L in Mount Prospect, IL last sold for $75,075 in September 2019.
  • 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.
  • Does 501 E Prospect Ave #2L have air conditioning?
    Yes, 501 E Prospect Ave #2L in Mount Prospect, IL has air conditioning.
  • Does 501 E Prospect Ave #2L have laundry facilities?
    Yes, 501 E Prospect Ave #2L in Mount Prospect, IL has laundry facilities.