Closed
$440,000
501 S School St, Mount Prospect, IL 60056
3beds
1,517sqft
Single Family Residence
Built in 1963
9,623 Square Feet Lot
$511,500 Zestimate®
$290/sqft
$3,024 Estimated rent
Home value
$511,500
$486,000 - $537,000
$3,024/mo
Zestimate® history
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What's special
LOCATION, LOCATION, LOCATION! This beautiful three-bedroom, one and a half bath home with detached two-car garage is in desirable Lions Park neighborhood with awarding-winning schools and family-friendly downtown just a short walk away. The kitchen, pantry, & bathroom on the first level were all updated in 2020 from top-to-bottom, including floors, kitchen windows, stainless steel appliances, concealed dishwasher, cabinetry, lighting, and custom quartz countertop. All bedrooms and full bath are on the upper level, while the main level has an open floor plan for the living room and dining room area. On the lower level you will find the large, finished rec-room, laundry room, and a storage room already pipe-fitted for bathroom conversion. For those looking to raise a family, this light-filled estate is just steps from both a fully equipped playground and Lions Park Elementary School - part of the popular D57 school district that feeds into Prospect High School (Top 15 in State in 2023). If outdoor activities and entertainment are your thing, this spacious corner lot is right near tennis courts, baseball diamonds, basketball courts, the Big Surf wave pool, and the fields of Lions Park - including the well-known Bandshell where concerts and the community band provide free entertainment all summer long. And if you don't like to drive, you won't have to when you are just a ten-minute walk from downtown Mount Prospect, which includes a full grocery store, several restaurants, beautiful library, coffee shops, village hall, a Metra Station, and all the fun family-friendly events that come with a suburban downtown area like outdoor movie nights, concerts, and holiday festivals. Come experience life in the '56 today!
Zillow last checked: 8 hours ago
Listing updated: August 30, 2023 at 02:53pm
Listing courtesy of:
Dorota Kula 773-631-8300,
Coldwell Banker Realty
Bought with:
Julie Schultz
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 11836938
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Features: Flooring (Carpet)
- Level: Second
- Area: 168 Square Feet
- Dimensions: 12X14
Bedroom 2
- Features: Flooring (Carpet)
- Level: Second
- Area: 120 Square Feet
- Dimensions: 12X10
Bedroom 3
- Features: Flooring (Carpet)
- Level: Second
- Area: 130 Square Feet
- Dimensions: 13X10
Other
- Level: Second
- Area: 200 Square Feet
- Dimensions: 20X10
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9X9
Family room
- Features: Flooring (Carpet)
- Level: Lower
- Area: 364 Square Feet
- Dimensions: 26X14
Kitchen
- Features: Kitchen (Eating Area-Breakfast Bar, Eating Area-Table Space, Pantry-Closet, Updated Kitchen), Flooring (Vinyl)
- Level: Main
- Area: 165 Square Feet
- Dimensions: 11X15
Laundry
- Level: Lower
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 300 Square Feet
- Dimensions: 25X12
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Features
- Basement: Finished,Partial,Daylight
Interior area
- Total structure area: 1,887
- Total interior livable area: 1,517 sqft
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Features
- Levels: Bi-Level
- Stories: 1
Lot
- Size: 9,623 sqft
Details
- Parcel number: 08124200010000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bi-Level
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1963
- Major remodel year: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Mount Prospect
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2023 | Sold | $440,000-2.2%$290/sqft |
Source: | ||
| 7/29/2023 | Contingent | $450,000$297/sqft |
Source: | ||
| 7/19/2023 | Price change | $450,000-7.2%$297/sqft |
Source: | ||
| 7/14/2023 | Listed for sale | $484,900-3%$320/sqft |
Source: | ||
| 7/3/2023 | Contingent | $499,900$330/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $9,105 +4.3% | $36,000 |
| 2022 | $8,726 +7% | $36,000 +22% |
| 2021 | $8,157 -9.4% | $29,508 |
Find assessor info on the county website
Neighborhood: 60056
Nearby schools
GreatSchools rating
- 10/10Lions Park Elementary SchoolGrades: 2-5Distance: 0.1 mi
- 4/10Lincoln Middle SchoolGrades: 6-8Distance: 0.9 mi
- 10/10Prospect High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Lions Park Elementary School
- Middle: Lincoln Junior High School
- High: Prospect High School
- District: 57
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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$511,500
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