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

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

Property Summary

Property TypeCondominium
Details1 bd · 800 sqft · built 1967
Lot Size1.3 acres (56,838 sqft)
OwnerIndividual Name on File
Last Sale$92,500 (Jul 2019)
Tax Bill$2,445 (2023)
Deeds & MortgagesJul 2019 Sale
Flood ZoneZone X (minimal risk)
APN08-12-227-016-1007

Property Details

APN / Parcel Number

Primary APN08-12-227-016-1007

Interior

Bedrooms1 Bed
Units82 Units
Building Area800 sqft Living Area

Exterior

Year BuiltBuilt 1967
Effective Year BuiltEffective 1967
Architectural StyleCondo/Apartment
Lot Area56,838 sqft

Location & Zoning

Street Address501 E PROSPECT AVE, 1I
CityMOUNT PROSPECT
StateIL
Zip60056-3339
Property CategoryResidential
Property TypeResidential > Condominium / Townhouse > Condominium
Legal Description(MATHIES) & (DALY) INC (PROSPECT) GARDENS CONDOMINIUM SEC 12-41-11
Legal Range11E
Legal Township41N
Legal Section12
Legal SubdivisionMATHIES & DALY INC PROSPECT GARDENS COND
Legal Lot Number3
JurisdictionCOOK IL
Township / Civil DivisionELK GROVE
Census Block Group4
Census Block4003
Census Tract804901

Owner

501 E Prospect Ave, Apt 1I is owned by an individual who bought it in July 2019.

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

Owner of RecordIndividual Name on File
Mailing Address1312 W PLYMOUTH CT, ARLINGTON HEIGHTS, IL 60004-2817
Owner TypeIndividual
VestingTenants in Common

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJul 19, 2019 · Amount on File
Deed SaleJul 19, 2019 · Amount on File
Prior SaleMar 20, 2014 · Amount on File
Deed Document Number201949023
Prior Transfer DateNov 7, 1995
Prior Transfer Doc0000000916
Record UpdatedOct 29, 2026

July 2019: Grant Deed, Transfer

Document TypeGrant Deed
JurisdictionCOOK IL
Recording DateJul 19, 2019
Property Address501 E PROSPECT AVE APT 1I, 1I, MOUNT PROSPECT, IL 60056-3339
Document Number1920049023
Instrument DateJul 11, 2019
Instrument20049023
Transaction TypeTransfer
Record UpdatedJul 29, 2019
Title CompanyATTORNEY'S TITLE, ATTORNEYS TITLE GUARANTY FUND

Transaction

AmountAmount on Record
Tax$292.50
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipTenants in Common
Address1312 W PLYMOUTH CT ARLINGTON HEIGHTS IL 600042817, ARLINGTON HEIGHTS, IL 60004-2817

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$12,346 Land $1,637 Building $10,709$123,460 Land $16,370 Building $107,090
2023$2,445.00 (+4.04%)
2022$2,350.00$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

FEMA maps place 501 E Prospect Ave, Apt 1I in Zone X, an area of minimal flood risk.

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

Wildfire risk around 501 E Prospect Ave, Apt 1I is low, with less than a 0.01% annual chance of 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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