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501 E Lincoln St, Mount Prospect, IL 60056 Property Records

Cook County property record for 501 E Lincoln St, Mount Prospect, IL 60056

Property Summary

Property TypeCondominium
Details3 bd · 1.5 ba · 1,176 sqft · built 1965
Lot Size2.77 acres (120,887 sqft)
OwnerIndividual Name on Record
Last Sale$255,000 (Nov 2023)
Tax Bill$5,012 (2023)
Deeds & MortgagesNov 2023 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN08-12-227-019-1026

Property Details

APN / Parcel Number

Primary APN08-12-227-019-1026

Interior

Bedrooms3 Beds
Full Baths1.5 Baths
Half Baths1 Half Bath
Total Rooms6 Rooms
Units5 Units
Stories2 Stories
Building Area1,176 sqft Living Area

Exterior

Year BuiltBuilt 1965
Effective Year BuiltEffective 1965
Architectural StyleCondo/Apartment
Exterior MaterialBrick
Lot Area120,887 sqft

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemForced Air with A/C
Heating FuelGas
Water SourceCommercial

Location & Zoning

Street Address501 E LINCOLN ST
CityMOUNT PROSPECT
StateIL
Zip60056-3329
Property CategoryResidential
Property TypeResidential > Condominium / Townhouse > Condominium
Legal DescriptionU501 INDUSTRIAL PARK W1/2 NE1/4 & W 1/2 SE1/4 S12 T41N R11E
Legal Range11E
Legal Township41N
Legal Section12
Legal SubdivisionLIONS PARK CONDOMINIUM
Legal Lot Number1-10
JurisdictionCOOK IL
Township / Civil DivisionELK GROVE
Census Block Group4
Census Block4003
Census Tract804901

Owner

Source: Cook County records, as of May 27, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordIndividual Name on Record
Mailing Address1223 GOLF VIEW DR, WOODRIDGE, IL 60517-7701
Owner TypeIndividual
VestingTenants in Common

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleNov 14, 2023 · Amount on Record
Deed SaleNov 14, 2023 · Amount on Record
Prior SaleJun 8, 2007
Deed Document Number20236219
Prior Transfer DateSep 26, 1994
Prior Transfer Doc0000000583
Record UpdatedOct 29, 2026

November 2023: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionCOOK IL
Recording DateNov 14, 2023
Property Address501 E LINCOLN ST, MOUNT PROSPECT, IL 60056-3329
Document Number0031806219
Map ReferenceDOC LR2698574
Instrument DateOct 9, 2023
Instrument2331806219
Transaction TypeTransfer
Record UpdatedDec 4, 2023
Title CompanyATTORNEY ONLY, ATTORNEY

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$255.00
Amount AccuracyRounded by County
Additional
  • Lis Pendens
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipJoint Tenants
Address1223 GOLF VIEW DR, WOODRIDGE, IL 60517-7701

Mortgage

Document Number0031806220
DateNov 14, 2023
Instrument2331806220
Lender
NameLEADERONE FINANCIAL CORP
TypeMortgage Company
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term360 Months
DueNov 1, 2053
Interest
Rate TypeFixed Rate
Rate7.62%

Tax Assessment & Valuation

Source: Cook County assessment roll, as of May 27, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyCook County
County SubdivisionElk Grove Township
MunicipalityMount Prospect Village
Secondary School DistrictTownship High School District 214 (09 - 12)
Elementary School DistrictMount Prospect School District 57 (PK - 08)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$24,691 (+37.23%) Land $2,901 Building $21,790$246,910 (+37.23%) Land $29,010 Building $217,900
2023$5,012.00 (+4.03%)
2022$4,818.00 (+11.22%)$17,992 (+29.41%) Land $2,417 Building $15,575$179,920 (+29.41%) Land $24,170 Building $155,750
2021$4,332.00$13,903 Land $1,571 Building $12,332$139,030 Land $15,710 Building $123,320

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective February 11, 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 95% of the US · lower than 70% of Illinois
Wildfire LikelihoodUnder 0.01% annual chance
ExposureDirect
burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemMOUNT PROSPECT
serves 41,000 people · EPA ID IL0311980
Water SourcePurchased surface water from NORTHWEST SUBURBAN MUNICIPAL JAWA
Last State InspectionAug 2025
Lead2 ppb (2026–2028)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting11
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 488 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable		2,000 / 250
Astound Broadband
Cable		1,500 / 50
Verizon
Fixed Wireless		1,000 / 75
T-Mobile
Fixed Wireless		100 / 20
AT&T
Fixed Wireless · Fiber, DSL in parts of the area		100 / 20

May also be available: Zentro.

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