1. Home
  2. Illinois
  3. Cook County
  4. Mount Prospect
  5. E Prospect Ave
  6. 501 E Prospect Ave

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

Cook County property record for 501 E Prospect Ave, Apt 2I, Mount Prospect, IL 60056

Property Summary

Property TypeCondominium
Details1 bd · built 1967
Lot Size1.3 acres (56,838 sqft)
Owner2 Individual Names on Record
Last Sale$117,500 (Feb 2023)
Tax Bill$2,445 (2023)
Deeds & MortgagesFeb 2023 Sale
Feb 2021 Transfer
Flood ZoneZone X (minimal risk)
APN08-12-227-016-1021

Property Details

APN / Parcel Number

Primary APN08-12-227-016-1021

Interior

Bedrooms1 Bed
Units82 Units

Exterior

Year BuiltBuilt 1967
Effective Year BuiltEffective 1967
Architectural StyleCondo/Apartment
Lot Area56,838 sqft (1.3 acres)

Location & Zoning

Street Address501 E PROSPECT AVE, 2I
CityMOUNT PROSPECT
StateIL
Zip60056-3341
Property CategoryResidential
Property TypeResidential > Condominium / Townhouse > Condominium
Legal Range11E
Legal Township41N
Legal Section12
Legal SubdivisionINDUSTRIAL PK/GLEICHS 02-I
Legal Lot Number3
JurisdictionCOOK IL
Township / Civil DivisionELK GROVE
Census Block Group4
Census Block4003
Census Tract804901

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 Record2 Individual Names on Record
Mailing Address442 MARSHALL DR, DES PLAINES, IL 60016-2630
Owner TypeIndividual

Deeds, Mortgages & Sale History

DateDocument
Feb 28, 2023Deed, Transfer
ALTIMA TITLE LLC
Feb 24, 2021Intrafamily Transfer, Transfer

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleFeb 28, 2023 · Amount on Record
Deed SaleFeb 28, 2023 · Amount on Record
Prior SaleApr 24, 2001 · Amount on Record
Deed Document Number202329050
Prior Transfer DateJan 4, 2021
Prior Transfer Doc0000022053
Record UpdatedOct 29, 2026

February 2023: Deed, Transfer

Document TypeDeed
JurisdictionCOOK IL
Recording DateFeb 28, 2023
Property Address501 E PROSPECT AVE APT 2I, 2I, MOUNT PROSPECT, IL 60056-3341
Document Number0005929050
Map ReferenceDOC LR1752354
Instrument DateFeb 21, 2023
Instrument2305929050
Transaction TypeTransfer
Record UpdatedMar 10, 2023
Title CompanyALTIMA TITLE LLC

Transaction

AmountAmount Recorded
Tax$117.50
Amount AccuracyRounded by County
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipJoint Tenants
Address442 MARSHALL DR, DES PLAINES, IL 60016-2630

February 2021: Intrafamily Transfer, Transfer

Document TypeIntrafamily Transfer
JurisdictionCOOK IL
Recording DateFeb 24, 2021
Property Address501 E PROSPECT AVE APT 2I, 2I, MOUNT PROSPECT, IL 60056-3341
Document Number0005522053
Map ReferenceDOC 1752354
Instrument DateJan 4, 2021
Instrument2105522053
Transaction TypeTransfer
Record UpdatedJun 7, 2023

Transaction

Tax$0.00
Amount AccuracyTransfer Tax Exempt
Additional
  • Intrafamily Transfer

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipLiving Trust
Address501 E PROSPECT AVE # 21, 21, MOUNT PROSPECT, IL 60056-3356

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 (+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

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 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

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.

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