501 E Prospect Ave, Apt 2D, Mount Prospect, IL 60056 Property Records

Cook County property record for 501 E Prospect Ave, Apt 2D, Mount Prospect, IL 60056 · Last verified June 2026

Property Summary

Property Type	Condominium
Details	1 bd · built 1967
Lot Size	1.3 acres (56,838 sqft)
Owner	Company Name on File
Last Sale	$65,500 (Jul 2016)
Tax Bill	$2,445 (2023)
Deeds & Mortgages	Feb 2019 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`08-12-227-016-1016`

Property Details

APN / Parcel Number

Primary APN	`08-12-227-016-1016`

Interior

Bedrooms	1 Bed
Units	82 Units

Exterior

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

Location & Zoning

Street Address	501 E PROSPECT AVE, 2D
City	MOUNT PROSPECT
State	IL
Zip	60056-3340
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Condominium
Legal Description	U2-D PROSPECT GARDENS CONDO SE1/4 S12 T41N R11E
Legal Range	11E
Legal Township	41N
Legal Section	12
Legal Subdivision	MATHIES & DALY INC PROSPECT GARDENS COND
Jurisdiction	COOK IL
Township / Civil Division	ELK GROVE
Census Block Group	4
Census Block	4003
Census Tract	804901

Owner

Source: Cook County records · APN 08-12-227-016-1016

Assessment roll updated May 27, 2026 · Last verified June 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 File
Mailing Address	PO BOX 184, PARK RIDGE, IL 60068-0184
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Jul 21, 2016 · Amount on Record
Deed Sale	Jul 21, 2016 · Amount on Record
Prior Sale	Oct 18, 1994 · Amount on Record
Deed Document Number	201622008
Prior Transfer Date	Jul 31, 2006
Prior Transfer Doc	0000049045
Record Updated	Sep 20, 2026

February 2019: Quit Claim Deed, Mortgage

Document Type	Quit Claim Deed
Jurisdiction	COOK IL
Recording Date	Feb 20, 2019
Property Address	501 E PROSPECT AVE APT 2D, 2D, MOUNT PROSPECT, IL 60056-3340
Document Number	1905117043
Instrument Date	Jan 25, 2019
Instrument	5117043
Transaction Type	Mortgage
Record Updated	Mar 01, 2019
Title Company	OLD REPUBLIC TITLE

Transaction

Tax	$0.00
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	PO BOX 184 PARK RIDGE IL 600680184, PARK RIDGE, IL 60068-0184

Mortgage

Document Number	1905117044
Date	Feb 20, 2019
Instrument	5117044

Lender

Name	FIRST NATIONS BK
Type	Bank
Address	CHICAGO, IL 60631-1509

Agreement

Amount	Amount Recorded
Term	60 Months
Due	Feb 19, 2024

Interest

Rate	5.25%

Tax Assessment & Valuation

Source: Cook County records · Assessment roll updated May 27, 2026 · Last verified June 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

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.

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	$8,777 Land $1,364 Building $7,413	$87,770 Land $13,640 Building $74,130

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Cook County (17031C), updated February 11, 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Special Flood Hazard Area	No
Flood Hazard	Minimal
500-Year Floodplain	No

Wildfire

Wildfire Risk	Low above 5% of the US · above 30% of Illinois
Wildfire Likelihood	Less than 1 in 10,000 per year
Exposure	Direct burnable vegetation at the parcel

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

Internet Providers

Source: FCC Broadband Data Collection, availability as of December 31, 2025 · Published October 2026 · based on 488 locations within about half a mile of this property

Provider	Technology	Download / Upload (Mbps)
Xfinity	Cable	2,000 / 250
Radiate Holdings	Cable	1,500 / 50
Verizon	Fixed Wireless	1,000 / 75
T-Mobile USA	Fixed Wireless	100 / 20
AT&T	Fixed Wireless	100 / 20

May also be available at this address: AT&T, Everywhere Wireless. Availability varies by address; speeds are provider-advertised maximums, not measured.

Mobile Coverage

5G and 4G LTE

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