501 E Prospect Ave, Apt 1C, Mount Prospect, IL 60056 Property Records

Cook County property record for 501 E Prospect Ave, Apt 1C, Mount Prospect, IL 60056

Property Summary

Property Type	Condominium
Details	1 bd · built 1967
Lot Size	1.3 acres (56,838 sqft)
Owner	Company Name on Record
Last Sale	$89,000 (Dec 2020)
Tax Bill	$2,445 (2023)
Deeds & Mortgages	Dec 2020 Transfer Dec 2020 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`08-12-227-016-1003`

Property Details

APN / Parcel Number

Primary APN	`08-12-227-016-1003`

Interior

Bedrooms	1 Bed
Total Rooms	4 Rooms
Units	82 Units

Exterior

Year Built	Built 1967
Effective Year Built	Effective 1967
Architectural Style	Condo/Apartment
Exterior Material	Brick
Lot Area	56,838 sqft (1.3 acres)

Utilities, Heating & Cooling

Cooling System	Wall Unit
Heating System	Forced Air with A/C
Heating Fuel	Electric
Water Source	Commercial

Location & Zoning

Street Address	501 E PROSPECT AVE, 1C
City	MOUNT PROSPECT
State	IL
Zip	60056-3339
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Condominium
Legal Range	11E
Legal Township	41N
Legal Section	12
Legal Subdivision	MATHIES & DALY INC PROSPECT GARDEN
Legal Lot Number	3
Jurisdiction	COOK IL
Township / Civil Division	ELK GROVE
Census Block Group	4
Census Block	4003
Census Tract	804901

Owner

Source: Cook County records, as of May 29, 2026

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

Owner of Record	Company Name on Record
Mailing Address	501 E PROSPECT AVE, 1C, MOUNT PROSPECT, IL 60056-3339
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Dec 1, 2020	Quit Claim Deed, Transfer ATTORNEY ONLY
Dec 31, 2020	Warranty Deed, Transfer · Conventional Mortgage PROSPERITY HM MTG

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 31, 2020 · Amount on Record
Deed Sale	Dec 31, 2020 · Amount on Record
Prior Sale	Jun 15, 2005 · Amount on Record
Deed Document Number	202013334
Prior Transfer Date	Oct 2, 2020
Prior Transfer Doc	0000021001
Record Updated	Oct 29, 2026

December 2020: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	COOK IL
Recording Date	Dec 1, 2020
Property Address	501 E PROSPECT AVE APT 1C, 1C, MOUNT PROSPECT, IL 60056-3339
Document Number	2033421001
Instrument Date	Oct 2, 2020
Instrument	33421001
Transaction Type	Transfer
Record Updated	Dec 14, 2020
Title Company	ATTORNEY ONLY

Transaction

Tax	$0.00
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	900 CENTER ST #4H DES PLAINES IL 600166561, 4H, DES PLAINES, IL 60016-6561

December 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	COOK IL
Recording Date	Dec 31, 2020
Property Address	501 E PROSPECT AVE APT 1C, 1C, MOUNT PROSPECT, IL 60056-3339
Document Number	2036613334
Instrument Date	Sep 29, 2020
Instrument	36613334
Transaction Type	Transfer
Record Updated	Jan 12, 2021
Title Company	PRECISION TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$89.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	900 CENTER ST #41F DES PLAINES IL 600166585, 41F, DES PLAINES, IL 60016-6585

Mortgage

Document Number	2036613335
Date	Dec 31, 2020
Instrument	36613335

Lender

Name	PROSPERITY HM MTG
Type	Mortgage Company
Address	CHANTILLY, VA 20151

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Dec 30, 2050

Interest

Rate Type	Fixed Rate
Rate	4.62%

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Illinois
County	Cook County
County Subdivision	Elk Grove Township
Municipality	Mount Prospect Village
Secondary School District	Township High School District 214 (09 - 12)
Elementary School District	Mount Prospect School District 57 (PK - 08)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$12,346 (+40.66%) Land $1,637 Building $10,709	$123,460 (+40.66%) Land $16,370 Building $107,090
2023	$2,445.00 (+4.04%)
2022	$2,350.00 Homeowner's exemption	$8,777 Land $1,364 Building $7,413	$87,770 Land $13,640 Building $74,130

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 Zone	Zone X minimal risk
Flood Insurance Requirement	Not 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 Risk	Low lower than 95% of the US · lower than 70% of Illinois
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct 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 System	MOUNT PROSPECT serves 41,000 people · EPA ID IL0311980
Water Source	Purchased surface water from NORTHWEST SUBURBAN MUNICIPAL JAWA
Last State Inspection	Aug 2025
Lead	2 ppb (2026–2028) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	11 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

Provider	Max 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.

Nearby Properties on E Prospect Ave

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures