Cook County property record for 501 E Prospect Ave, Apt 1F, Mount Prospect, IL 60056
| Property Type | Condominium |
|---|---|
| Details | 1 bd · built 1967 |
| Lot Size | 1.3 acres (56,838 sqft) |
| Owner | Individual Name on Record |
| Last Sale | $60,000 (Jan 2014) |
| Tax Bill | $1,521 (2023) |
| Deeds & Mortgages | Apr 2023 Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | 08-12-227-016-1006 |
| Primary APN | 08-12-227-016-1006 |
|---|
| Bedrooms | 1 Bed |
|---|---|
| Units | 82 Units |
| Year Built | Built 1967 |
|---|---|
| Effective Year Built | Effective 1967 |
| Architectural Style | Condo/Apartment |
| Lot Area | 56,838 sqft (1.3 acres) |
| Street Address | 501 E PROSPECT AVE, 1F |
|---|---|
| City | MOUNT PROSPECT |
| State | IL |
| Zip | 60056-3339 |
| Property Category | Residential |
| Property Type | Residential > Condominium / Townhouse > Condominium |
| Legal Description | (MATHIES) & (DALY) INC (PROSPECT) GARDENS CONDOMINIUM SEC 12-41-11 |
| Legal Range | 11E |
| Legal Township | 41N |
| Legal Section | 12 |
| Legal Subdivision | MATHIES & DALY INC PROSPECT GARDENS COND |
| Legal Lot Number | 3 |
| Jurisdiction | COOK IL |
| Township / Civil Division | ELK GROVE |
| Census Block Group | 4 |
| Census Block | 4003 |
| Census Tract | 804901 |
Source: Cook County records, as of October 19, 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Individual Name on Record |
|---|---|
| Mailing Address | 501 E PROSPECT AVE, 1F, MOUNT PROSPECT, IL 60056-3339 |
| Occupancy | Owner Occupied |
| Owner Type | Individual |
| Vesting | Tenants by the Entirety |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Jan 14, 2014 · Amount on Record |
| Deed Sale | Jan 14, 2014 · Amount on Record |
| Prior Sale | Apr 10, 2013 · Amount on Record |
| Deed Document Number | 201415009 |
| Prior Transfer Date | Aug 2, 2012 |
| Prior Transfer Doc | 0000044114 |
| Record Updated | Oct 29, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | COOK IL |
| Property Address | 501 E PROSPECT AVE APT 1F, 1F, MOUNT PROSPECT, IL 60056-3339 |
| Transaction Type | Mortgage |
| Record Updated | May 8, 2023 |
| Title Company | SATURN TITLE LLC |
| Name | Verified Name |
|---|---|
| Address | 1547 QUAKER LN 113A, 113A, PROSPECT HEIGHTS, IL 60070-1919 |
| Document Number | 0011419036 |
|---|---|
| Date | Apr 24, 2023 |
| Instrument | 2311419036 |
| Name | POLISH & SLAVIC FCU |
|---|---|
| Type | Credit Union |
| Address | FAIRFIELD, NJ 07004 |
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 181 Months |
| Due | May 1, 2038 |
| Rate Type | Adjustable Rate |
|---|---|
| Rate | 5.5% |
| Type Change Date | May 1, 2028 |
| Change Frequency | 5 Years |
| Min Rate At Change | 5.5% |
| Max Rate At Change | 8.5% |
| Index | 5-Year TN |
| Margin | 3 |
| Max Rate | 11.5% |
Source: Cook County assessment roll, as of May 27, 2026
| 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) |
| 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 | $1,521.00 (+6.07%) | ||
| 2022 | $1,434.00 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.
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.
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.
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 |
| 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.
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.
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