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501 E Prospect Ave, Apt 3E, Mount Prospect, IL 60056 Property Records

Cook County property record for 501 E Prospect Ave, Apt 3E, Mount Prospect, IL 60056

Property Summary

Property TypeCondominium
Details1 bd · built 1967
Lot Size1.3 acres (56,838 sqft)
OwnerIndividual Name on File
Last Sale$105,000 (Aug 2001)
Tax Bill$783 (2023)
Deeds & MortgagesMar 2018 Transfer
Flood ZoneZone X (minimal risk)
APN08-12-227-016-1031

Property Details

APN / Parcel Number

Primary APN08-12-227-016-1031

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, 3E
CityMOUNT PROSPECT
StateIL
Zip60056-3342
Property CategoryResidential
Property TypeResidential > Condominium / Townhouse > Condominium
Legal DescriptionPART W2 NE4 SEC12 PART W2SE4 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

Source: Cook County assessment roll, as of May 27, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordIndividual Name on File
Mailing Address501 E PROSPECT AVE, 3E, MOUNT PROSPECT, IL 60056-3342
OccupancyOwner Occupied
Owner TypeIndividual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleAug 23, 2001 · Amount on Record
Deed SaleAug 23, 2001 · Amount on Record
Prior SaleNov 24, 1997
Deed Document Number200178174
Last Transfer DateFeb 22, 2018
Transfer Doc0000049182
Record UpdatedSep 20, 2026

March 2018: Quit Claim Deed, Transfer

Document TypeQuit Claim Deed
JurisdictionCOOK IL
Recording DateMar 7, 2018
Property Address501 E PROSPECT AVE APT 3E, 3E, MOUNT PROSPECT, IL 60056-3342
Document Number1806649182
Instrument DateFeb 22, 2018
Instrument6649182
Transaction TypeTransfer
Record UpdatedMar 15, 2018

Transaction

Tax$0.00
Additional
  • Quitclaim

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipPersonal Trust
Address501 E PROSPECT AVE #3E MOUNT PROSPECT IL 600563342, 3E, MOUNT PROSPECT, IL 60056-3342

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$783.00 (+11.7%)
2022$701.00 Homeowner's exemption Senior Citizen'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.

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 at the parcel

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
Radiate Holdings
Cable		1,500 / 50
Verizon
Fixed Wireless		1,000 / 75
T-Mobile USA
Fixed Wireless		100 / 20
AT&T
Fixed Wireless · Fiber, DSL in parts of the area		100 / 20

May also be available: Everywhere Wireless.

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