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

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

Property Summary

Property Type	Condominium
Details	1 bd · built 1967
Lot Size	1.3 acres (56,838 sqft)
Owner	2 Individual Names on File
Last Sale	$155,000 (Jul 2025)
Tax Bill	$1,521 (2023)
Flood Zone	Zone X (minimal risk)
APN	`08-12-227-016-1032`

Property Details

APN / Parcel Number

Primary APN	`08-12-227-016-1032`

Interior

Bedrooms	1 Bed
Total Rooms	3 Rooms
Units	82 Units

Exterior

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

Utilities, Heating & Cooling

Cooling System	Window A/C
Heating System	Forced Air with A/C
Heating Fuel	Gas
Water Source	Commercial

Location & Zoning

Street Address	501 E PROSPECT AVE, 3F
City	MOUNT PROSPECT
State	IL
Zip	60056-3342
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Condominium
Legal Range	11E
Legal Township	41N
Legal Section	12
Legal Subdivision	GLEICHS INDUST PARK
Legal Lot Number	3
Jurisdiction	COOK IL
Township / Civil Division	ELK GROVE
Census Block Group	4
Census Block	4003
Census Tract	804901

Owner

Source: Cook County records · APN 08-12-227-016-1032

Assessment roll updated May 27, 2026 · Last verified July 2026

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

Owner of Record	2 Individual Names on File
Mailing Address	224 S PHELPS AVE, ARLINGTON HEIGHTS, IL 60004-6829
Owner Type	Individual
Vesting	Joint Tenants

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Verified Names on Deed
Last Sale	Jul 15, 2025 · Amount on Record
Deed Sale	Jul 15, 2025 · Amount on Record
Prior Sale	May 11, 2005 · Amount on Record
Deed Document Number	202520409
Prior Transfer Date	Sep 12, 2006
Prior Transfer Doc	0000005197
Record Updated	Sep 20, 2026

Tax Assessment & Valuation

Source: Cook County records · Assessment roll updated May 27, 2026 · Last verified July 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	$1,521.00 (+6.07%)
2022	$1,434.00 Homeowner's exemption	$8,777 Land $1,364 Building $7,413	$87,770 Land $13,640 Building $74,130

Flood & Wildfire

Source: FEMA National Flood Hazard Layer as of February 11, 2026 · USDA Forest Service Wildfire Risk to Communities as of 2024 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Wildfire

Wildfire Risk	Low lower than 95% of the US · lower than 70% of Illinois
Wildfire Likelihood	Under 0.01% annual chance
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 as of December 31, 2025 · Last verified October 2026

Provider	Max 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.

Based on FCC filings for 488 locations within half a mile of this property.

Drinking Water

Source: EPA Safe Drinking Water Information System as of 2026 Q3 · EPA water system boundaries as of March 2026 · Last verified October 2026

Water System	MOUNT PROSPECT serves 41,000 people
Water Source	Purchased surface water from NORTHWEST SUBURBAN MUNICIPAL JAWA
Last State Inspection	Aug 2025
Lead	2 ppb (2026–2028) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	11 last 3 years

Results are for the whole water system as reported to EPA, 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. The full violation and enforcement history is in the system's EPA record.