Don't miss this exceptional opportunity to own a beautifully maintained, RECENTLY RENOVATED, apartment in the heart of downtown Mount Prospect. Perfectly situated just steps from shops, restaurants, and public transportation, this unit offers unbeatable convenience and lifestyle appeal. Currently leased to a reliable tenant, this property presents a turnkey investment with immediate income potential. The interior features a bright and functional layout, a well-appointed kitchen, and a cozy living space ideal for comfortable living. Newer dishwasher & water heater. Each unit has an assigned storage space. This unit combines strong rental demand with a fantastic location. Property is currently leased until July 22, 2025.
Active
Price cut: $10K (6/18)
$175,000
501 E Prospect Ave APT 1F, Mount Prospect, IL 60056
1beds
800sqft
Est.:
Condominium, Single Family Residence
Built in 1963
-- sqft lot
$-- Zestimate®
$219/sqft
$183/mo HOA
What's special
Cozy living spaceWell-appointed kitchenBright and functional layout
- 38 days
- on Zillow |
- 888 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: June 22, 2025 at 10:07pm
Listing courtesy of:
Natalia Zukowski 847-924-0922,
Kale Realty
Source: MRED as distributed by MLS GRID,MLS#: 12377676

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14X12
Dining room
- Level: Main
- Dimensions: COMBO
Kitchen
- Level: Main
- Area: 88 Square Feet
- Dimensions: 11X8
Living room
- Level: Main
- Area: 260 Square Feet
- Dimensions: 20X13
Heating
- Natural Gas, Forced Air
Cooling
- Wall Unit(s)
Appliances
- Laundry: Common Area
Features
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 800 sqft
Property
Parking
- Total spaces: 1
- Parking features: Guest, On Site
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 08122270161006
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
Materials
- Brick
Condition
- New construction: No
- Year built: 1963
- Major remodel year: 2013
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: Yes
- Services included: Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- HOA fee: $183 monthly
Location
- Region: Mount Prospect
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $87,770
- Annual tax amount: $1,521
- Date on market: 5/30/2025
- Ownership: Condo
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