501 E Prospect Ave #3F, Mount Prospect, IL 60056
Property image
Property image
OFF MARKET

501 E Prospect Ave #3F
Mount Prospect, IL 60056

  • 1 Bed
  • 1 Bath
  • 800 sqft

$164,500

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $1,190/mo*
Refinance Your Home

$164,500

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $1,190/mo*
Refinance Your Home
1 Bed
1 Bath
800 sqft

Local Information

  • Map ViewExplore the area around 501 E Prospect Ave #3F.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Condo
Year Built
1963
Living Area
800 sqft
Price/Sqft
$206
Parking
1 Parking Spaces
HOA
$183/Monthly

About this House

Discover the allure of this spacious condo, perfectly poised with 1 bedroom and 1 bathroom on the third floor, basking in abundant natural light through tall windows. An inviting eat-in kitchen complements the combined dining and living area. Generous storage include a walk-in closet and additional linen and hallway closets. Enjoy the ease of assigned parking and storage, with convenient laundry on the first floor. Located minutes from downtown Mt. Prospect and Arlington Heights, this residence offers seamless access to the Metra and vibrant urban amenities. Embrace the opportunity to move in immediately or tailor it to your vision, all within a pet-friendly community with low assessments.
501 E Prospect Ave #3F, Mount Prospect, IL 60056 is a 1 bedroom, 1 bathroom, 800 sqft condo built in 1963. It last sold for $155,000 on Jul 11, 2025 (3% below the $160,000 asking price). It is currently off market. The Trulia Estimate is $164,500, with a rent estimate of $1,950/month.

Home Details for 501 E Prospect Ave #3F

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 4Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 800 Square Feet
Appliances & Utilities
Appliances: Microwave, RefrigeratorLaundry: Common AreaMicrowaveRefrigerator
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Wall Unit(s)Has HeatingHeating Fuel: Natural Gas
Levels, Entrance, & Accessibility
Number of Stories: 3Accessibility: No Disability Access
View
No View

Exterior Features

Parking & Garage
No Attached GarageParking Spaces: 1Parking: On Site
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1963
Property Type / Style
Property Type: ResidentialProperty Subtype: Condominium, Single Family Residence
Building
Construction Materials: BrickNot a New Construction
Property Information
Parcel Number: 08122270161032

Price & Status

Price
List Price: $160,000
Status Change & Dates
Off Market Date: Sun Jun 15 2025Possession Timing: Close Of Escrow

Location

Direction & Address
City: Mount Prospect
School Information
Elementary School: Lions Park Elementary SchoolElementary School District: 57Jr High / Middle School: Lincoln Junior High SchoolJr High / Middle School District: 57High School: Prospect High SchoolHigh School District: 214

Agent Information

Buyer Agent
Buyer Company Name: Tierney Group

HOA

HOA Fee Includes: Water, Parking, Insurance, Lawn Care, Scavenger, Snow RemovalHas an HOAHOA Fee: $183/Monthly

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Condo

Miscellaneous

Mls Number: 12366402

Additional Information

HOA Amenities: Coin Laundry,StorageSource Internet Consumer CommentSource Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display
Last check for updates: about 11 hours ago
Listed by Mihaiela Malureanu, (773) 370-0824
Compass
Bought with: Fergal Tierney, Compass
Source: MRED as distributed by MLS GRID, MLS#12366402

Price History for 501 E Prospect Ave #3F

DatePriceEventSource
07/11/2025$155,000Sold
MRED as distributed by MLS GRID #12366402
06/17/2025$160,000ContingentMRED as distributed by MLS GRID #12366402
06/07/2025$160,000Listed For SaleMRED as distributed by MLS GRID #12366402
05/11/2005$112,000Sold
N/A

Market trends in Mount Prospect

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$438K
$26KMoM
Sale-to-List Price
100.5%
1.3%MoM
Price per sq ft
$277
$13MoM
Available listings
132
5MoM
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2024
Tax$1,686
Assessment$87,780
Home facts updated by county records

Comparable Sales for 501 E Prospect Ave #3F

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
100 S Emerson St #507, Mount Prospect, IL
0.45
Condo
$305,000
05/18/26
1
1
965
40 E Northwest Hwy #314, Mount Prospect, IL
0.45
Condo
$405,000
06/17/26
1
1
1,226
11 S Wille St #311, Mount Prospect, IL
0.60
Condo
$270,000
09/10/25
1
1
1,110
20 S Main St #301, Mount Prospect, IL
0.57
Condo
$305,000
12/08/25
1
1
1,100
15 S Pine St #506A, Mount Prospect, IL
0.65
Condo
$275,000
10/10/25
1
1
1,104
605 W Central Rd #C1, Mount Prospect, IL
0.98
Condo
$149,000
04/15/26
1
1
850

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 501 E Prospect Ave #3F.
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 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
    Flag
  • Edgar M.
    "very friendly neighbourhood with lots to offer and many places to visit. lots to offer and very safe as well."
    0
    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

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature - Pet Friendly

23 pet-friendly rentals in Mount Prospect, IL

Explore by feature - Garage

12 rentals with a garage in Mount Prospect, IL

Explore by feature - Air Conditioning

32 rentals with air conditioning in Mount Prospect, IL

Explore by feature - Pool

9 rentals with a pool in Mount Prospect, IL

Explore by feature - Washer/dryer

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

Homes for sale near 501 E Prospect Ave #3F

Skip to last item
Skip to first item

Off Market Homes Near 501 E Prospect Ave #3F

Skip to last item
Skip to first item

Frequently asked questions about 501 E Prospect Ave #3F

  • What is 501 E Prospect Ave #3F estimated to be worth?
    Trulia's estimated value for 501 E Prospect Ave #3F in Mount Prospect, IL is $164,500.
  • What is the price history for 501 E Prospect Ave #3F?
    501 E Prospect Ave #3F in Mount Prospect, IL last sold for $155,000 in July 2025.
  • Is Mount Prospect a buyer's or seller's market?
    Mount Prospect is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Mount Prospect?
    The median sale price in Mount Prospect is $438K. That is up $26K from the prior month.
  • Does 501 E Prospect Ave #3F have air conditioning?
    Yes, 501 E Prospect Ave #3F in Mount Prospect, IL has air conditioning.
  • Does 501 E Prospect Ave #3F have laundry facilities?
    Yes, 501 E Prospect Ave #3F in Mount Prospect, IL has laundry facilities.
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information