502 W Memory Ln, Mount Prospect, IL 60056
OFF MARKET

502 W Memory Ln
Mount Prospect, IL 60056

  • 4 Beds
  • 2 Baths
  • 2,600 sqft

$534,900

Trulia Estimate
as of Aug 13, 2026

$534,900

Trulia Estimate
as of Aug 13, 2026
4 Beds
2 Baths
2,600 sqft

Home Value

Trulia Estimate
$535K
Since last month
Decreased$12K (-2.2%)
Since last year
Increased$20K (+3.9%)
Since last sale
Increased$182K (+51.4%)
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 +49% in the last 10 years
MonthEstimated value
2026
August 2026$535K
July 2026$536K
June 2026$546K
May 2026$530K
April 2026$524K
March 2026$513K
February 2026$496K
January 2026$484K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
417 N Prospect Manor Ave, Mount Prospect, IL
0.04
Single-Family Home
$445,000
06/24/26
3
2.5
2,015
407 N Prospect Manor Ave, Mount Prospect, IL
0.09
Single-Family Home
$711,500
07/01/26
4
2
1,850
416 N Eastwood Ave, Mount Prospect, IL
0.05
Single-Family Home
$468,000
02/20/26
3
2
1,143
402 N Russel St, Mount Prospect, IL
0.19
Single-Family Home
$570,000
04/02/26
4
3
2,440
406 N Prospect Manor Ave, Mount Prospect, IL
0.10
Single-Family Home
$397,000
07/10/26
3
2
1,069
519 N Forest Ave, Mount Prospect, IL
0.16
Single-Family Home
$555,000
08/05/26
3
2
1,824
504 N Russel St, Mount Prospect, IL
0.15
Single-Family Home
$365,000
05/05/26
3
1.5
1,060
502 N Elmhurst Ave, Mount Prospect, IL
0.09
Single-Family Home
$550,000
05/01/26
3
2
1,290
512 N Prospect Manor Ave, Mount Prospect, IL
0.07
Single-Family Home
$500,000
10/21/25
6
3.5
2,847
606 N Elmhurst Ave, Mount Prospect, IL
0.18
Single-Family Home
$529,000
10/02/25
3
2
1,600

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
512 N Prospect Manor Ave, Mount Prospect, IL 60056
0.07
$500,000
6
3.5
2,847
Recently Sold
515 N Prospect Manor Ave, Mount Prospect, IL 60056
0.07
$456,500
3
2
1,224
Off Market
514 N Prospect Manor Ave, Mount Prospect, IL 60056
0.08
$434,400
3
1
1,147
Off Market
417 N Prospect Manor Ave, Mount Prospect, IL 60056
0.04
$445,000
3
2.5
2,015
Recently Sold
416 N Eastwood Ave, Mount Prospect, IL 60056
0.05
$468,000
3
2
1,143
Recently Sold
510 N Fairview Ave, Mount Prospect, IL 60056
0.11
$425,000
3
1
1,156
Recently Sold
500 N Fairview Ave, Mount Prospect, IL 60056
0.10
$849,000
4
3.5
2,916
Recently Sold
508 N Elmhurst Ave, Mount Prospect, IL 60056
0.10
$425,000
3
1.5
-
Recently Sold
504 N Elmhurst Ave, Mount Prospect, IL 60056
0.09
$842,500
4
2.5
2,564
Off Market
502 N Elmhurst Ave, Mount Prospect, IL 60056
0.09
$550,000
3
2
1,290
Recently Sold
413 N Fairview Ave, Mount Prospect, IL 60056
0.09
$498,100
3
2
1,500
Off Market
519 N Forest Ave, Mount Prospect, IL 60056
0.16
$555,000
3
2
1,824
Recently Sold

Local Information

  • Map ViewExplore the area around 502 W Memory Ln.
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Home Highlights

Property Type
Single-Family Home
Year Built
1952
Living Area
2,600 sqft
Price/Sqft
$206
Parking
Garage

About this House

SPECTACULAR 4 BEDROOM, 2 BATH OVERSIZED CAPECOD NESTLED ON A GORGEOUS SITE! RICH HARDWOOD! FORMAL LR OFFERS CUSTOM FIREPLACE & BAY WINDOW! SEPARATE BANQUET SIZED DINING ROOMWITH ENTRY TO BACK YARD & TO VOLUME CEILING FAMILY ROOM! DAZZLING KITCHEN WITH CUSTOM WHITE CABINETRY, GRANITE, BREAKFAST BAR & EATING AREA! MARVELOUS MASTER SUITE WITH SITTING AREA! THREE OTHE NICE SIZED BEDROOMS , TWO OF THEM ON 1ST FLOOR! REMODELED BATHS! FINISHED LOWER LEVEL WITH LARGE STORAGE ROOM! FABULOUS FENCED PATI & LOVELY LANDSCAPE YARD! TWO CAR ATTACHED GARAGE! A TRUE CHARM!<br/><br/>Brokered And Advertised By: Re/Max Unlimited Northwest<br/>Listing Agent: Sheila Morgan
502 W Memory Ln, Mount Prospect, IL 60056 is a 4 bedroom, 2 bathroom, 2,600 sqft single-family home built in 1952. It last sold for $353,000 on Oct 14, 2010. It is currently off market. The Trulia Estimate is $534,900, with a rent estimate of $3,452/month.

Home Details for 502 W Memory Ln

Interior Features

Interior Details
BasementAtticNumber of Rooms: 6Types of Rooms: Breakfast Nook, Dining Room, Family Room, Laundry Room, Pantry, WorkshopCeiling Fan
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2
Appliances & Utilities
Cable Ready
Fireplace & Spa
Fireplace
Windows, Doors, Floors & Walls
Double Paned Windows

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: Other, BrickLawn
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1952
Property Type / Style
Property Type: Single Family HomeArchitecture: Colonial

Community

Units in Building: 1

Lot Information

Lot Area: 7500 sqft

Price and Tax history

DateEventPrice
Oct 14, 2010
Source: MRED as distributed by MLS GRID #07588642
Sold
$353,000
Jul 25, 2010
Source: Agent Provided
Listed For Sale
$384,900
Jun 16, 2010
Source: Agent Provided
ListingRemoved
$419,000
Apr 24, 2010
Source: Agent Provided
PriceChange
$419,000
Price decreased by 2%
Mar 27, 2010
Source: Agent Provided
PriceChange
$429,000
Price decreased by 2%

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
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  • Dc
    "This neighborhood is clean, safe and friendly. It has a beautiful public park that has been built and its open for everyone."
    0
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  • 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
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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
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  • 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."
    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
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  • 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
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  • 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
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  • Pjfrayn
    "Family hometown feeling. A wonderful library, parks and schools. Well lighted and maintained Metra station."
    0
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  • 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
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  • 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
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  • Hassna M.
    "Lovely neighborhood, nice neighbors and very helpful also great schools, every thing is almost around you- shopping, Entertainment, hospital. "
    0
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  • Ken F.
    "Reasonable driving to suburban office & quick and easy if taking metro downtown office, metro is very convenient "
    0
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  • 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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  • 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
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  • 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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Explore by feature - Pet Friendly

25 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

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Explore by feature - Pool

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Homes for sale near 502 W Memory Ln

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Off Market Homes Near 502 W Memory Ln

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Frequently asked questions about 502 W Memory Ln

  • What is 502 W Memory Ln estimated to be worth?
    Trulia's estimated value for 502 W Memory Ln in Mount Prospect, IL is $534,900.
  • What is the price history for 502 W Memory Ln?
    502 W Memory Ln in Mount Prospect, IL last sold for $353,000 in October 2010.
  • 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 502 W Memory Ln have air conditioning?
    Yes, 502 W Memory Ln in Mount Prospect, IL has air conditioning.
  • Does 502 W Memory Ln have laundry facilities?
    Yes, 502 W Memory Ln in Mount Prospect, IL has laundry facilities.