Cook County property record for 501 E Prospect Ave, Apt 3M, Mount Prospect, IL 60056
| Property Type | Condominium |
|---|---|
| Details | 1 bd · built 1967 |
| Lot Size | 1.3 acres (56,838 sqft) |
| Owner | Individual Name on File |
| Last Sale | $55,000 (Jul 2016) |
| Tax Bill | $2,445 (2023) |
| Flood Zone | Zone X (minimal risk) |
| APN | 08-12-227-016-1039 |
| Primary APN | 08-12-227-016-1039 |
|---|
| Bedrooms | 1 Bed |
|---|---|
| Units | 82 Units |
| Year Built | Built 1967 |
|---|---|
| Effective Year Built | Effective 1967 |
| Architectural Style | Condo/Apartment |
| Lot Area | 56,838 sqft (1.3 acres) |
| Street Address | 501 E PROSPECT AVE, 3M |
|---|---|
| City | MOUNT PROSPECT |
| State | IL |
| Zip | 60056-3342 |
| Property Category | Residential |
| Property Type | Residential > Condominium / Townhouse > Condominium |
| Legal Description | U3M INDUSTRIAL PARK W1/2 NE1/4 S12 T41N R11E |
| Legal Range | 11E |
| Legal Township | 41N |
| Legal Section | 12 |
| Legal Subdivision | MATHIES & DALY INC PROSPECT GARDENS COND |
| Legal Lot Number | 3 |
| Jurisdiction | COOK IL |
| Township / Civil Division | ELK GROVE |
| Census Block Group | 4 |
| Census Block | 4003 |
| Census Tract | 804901 |
Source: Cook County assessment roll, APN 08-12-227-016-1039, as of 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 | Individual Name on File |
|---|---|
| Mailing Address | 550 FOREST CIR, ALGONQUIN, IL 60102-2137 |
| Owner Type | Individual |
| Deed Names | Verified Name on Deed |
|---|---|
| Last Sale | Jul 27, 2016 · Amount on Record |
| Deed Sale | Jul 27, 2016 · Amount on Record |
| Prior Sale | Aug 07, 2000 · Amount on Record |
| Deed Document Number | 201617082 |
| Record Updated | Sep 20, 2026 |
Source: Cook County assessment roll as of May 27, 2026 · Last verified June 2026
| 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) |
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 |
Source: FEMA National Flood Hazard Layer, Cook County (17031C), as of February 11, 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition, as of 2020 · Last verified October 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
| 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.
Source: FCC Broadband Data Collection, 488 locations within half a mile, 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.
Source: EPA Safe Drinking Water Information System, water system IL0311980, 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 |
| 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.
Search by:
By searching, you agree to: Terms • Privacy • Disclosures