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

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

Property Summary

Property TypeCondominium
Details2 bd · 900 sqft · built 1967
Lot Size1.3 acres (56,838 sqft)
OwnerIndividual Name on File
Last Sale$100,000 (Jul 2019)
Tax Bill$3,158 (2023)
Deeds & MortgagesJul 2019 Sale
Jan 2018 Line of Credit
Flood ZoneZone X (minimal risk)
APN08-12-227-016-1012

Property Details

APN / Parcel Number

Primary APN08-12-227-016-1012

Interior

Bedrooms2 Beds
Units82 Units
Building Area900 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, 1
CityMOUNT PROSPECT
StateIL
Zip60056-3356
Property CategoryResidential
Property TypeResidential > Condominium / Townhouse > Condominium
Legal DescriptionPART W2 NE4 SEC12 PART W2NE4 S12 T4 1N R11E 3P
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 1N 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 Address403 S MEIER RD, MOUNT PROSPECT, IL 60056-2855
Owner TypeIndividual

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

DateDocument
Jul 25, 2019Warranty Deed, Transfer
ATTORNEY'S TITLE, ATTORNEYS TITLE GUARANTY FUND
Jan 18, 2018Deed of Trust, Mortgage · Line of Credit
MILLENNIUM BK

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJul 25, 2019 · Amount on File
Deed SaleJul 25, 2019 · Amount on File
Prior SaleNov 1, 2013 · Amount on File
Deed Document Number201946029
Prior Transfer DateJun 4, 1997
Prior Transfer Doc0000000705
Record UpdatedOct 29, 2026

July 2019: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionCOOK IL
Recording DateJul 25, 2019
Property Address501 E PROSPECT AVE APT 1N, 1N, MOUNT PROSPECT, IL 60056-3340
Document Number1920646029
Instrument DateMay 28, 2019
Instrument20646029
Transaction TypeTransfer
Record UpdatedJul 31, 2019
Title CompanyATTORNEY'S TITLE, ATTORNEYS TITLE GUARANTY FUND

Transaction

AmountAmount on Record
Tax$100.00
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address412 CRAIG CT MOUNT PROSPECT IL 600562872, MOUNT PROSPECT, IL 60056-2872

January 2018: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOK IL
Property Address501 E PROSPECT AVE APT 1N, 1N, MOUNT PROSPECT, IL 60056-3340
Document Number1803349019
Instrument DateJan 18, 2018
Transaction TypeMortgage
Record UpdatedFeb 12, 2018
Title CompanyPRECISION TITLE

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipJoint Tenants with Right of Survivorship
Address2285 ELMIRA AVE DES PLAINES IL 600182629, DES PLAINES, IL 60018-2629

Mortgage

Document Number1803349019
DateFeb 2, 2018
Instrument3349019
Lender
NameMILLENNIUM BK
TypeBank
AddressDES PLAINES, IL 60016
Agreement
TypeLine of Credit
AmountAmount on Record
Term24 Months
DueFeb 1, 2020
Interest
Rate TypeAdjustable Rate
Rate4.5%

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$15,947 Land $2,114 Building $13,833$159,470 Land $21,140 Building $138,330
2023$3,158.00 (+4.02%)
2022$3,036.00$11,337 Land $1,761 Building $9,576$113,370 Land $17,610 Building $95,760

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 1N 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 1N 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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