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

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

Property Summary

Property TypeCondominium
Details2 bd · 1,000 sqft · built 1967
Lot Size1.3 acres (56,838 sqft)
OwnerCompany Name on Record
Last Sale$83,000 (Mar 2017)
Tax Bill$3,056 (2023)
Deeds & MortgagesMar 2017 Sale
Jan 2017 Foreclosure
Flood ZoneZone X (minimal risk)
APN08-12-227-016-1040

Property Details

APN / Parcel Number

Primary APN08-12-227-016-1040

Interior

Bedrooms2 Beds
Units82 Units
Building Area1,000 sqft Living Area

Exterior

Year BuiltBuilt 1967
Effective Year BuiltEffective 1967
Architectural StyleCondo/Apartment
Lot Area56,838 sqft

Location & Zoning

Street Address501 E PROSPECT AVE, 3N
CityMOUNT PROSPECT
StateIL
Zip60056-3342
Property CategoryResidential
Property TypeResidential > Condominium / Townhouse > Condominium
Legal Description(MATHIES) & (DALY) INC (PROSPECT) GARDENS CONDOMINIUM SEC 12-41-11
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 records, 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 RecordCompany Name on Record
Mailing Address5632 W LAWRENCE AVE, CHICAGO, IL 60630-3220
Owner TypeCompany
VestingBorrower in Default

Deeds, Mortgages & Sale History

DateDocument
Mar 31, 2017Grant Deed, Transfer
FIDELITY NATIONAL TITLE
Jan 17, 2017Deed in Lieu of Foreclosure, Foreclosure
ATTORNEY ONLY

Assessor's Deed Record

Deed NamesName on Deed
Last SaleMar 31, 2017 · Amount on Record
Deed SaleMar 31, 2017 · Amount on Record
Prior SaleJan 17, 2017
Deed Document Number201749054
Record UpdatedOct 29, 2026

March 2017: Grant Deed, Transfer

Document TypeGrant Deed
JurisdictionCOOK IL
Recording DateMar 31, 2017
Property Address501 E PROSPECT AVE APT 3N, 3N, MOUNT PROSPECT, IL 60056-3342
Document Number1709049054
Instrument DateMar 2, 2017
Instrument9049054
Transaction TypeTransfer
Record UpdatedApr 11, 2017
Title CompanyFIDELITY NATIONAL TITLE

Transaction

AmountAmount Recorded
Tax$83.00
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCorporate Trust
Address5632 W LAWRENCE AVE CHICAGO IL 606303220, CHICAGO, IL 60630-3220

January 2017: Deed in Lieu of Foreclosure, Foreclosure

Document TypeDeed in Lieu of Foreclosure
JurisdictionCOOK IL
Recording DateJan 17, 2017
Property Address501 E PROSPECT AVE APT 3N, 3N, MOUNT PROSPECT, IL 60056-3342
Document Number1701729105
Instrument DateNov 3, 2016
Instrument1729105
Transaction TypeForeclosure
Record UpdatedFeb 9, 2017
Title CompanyATTORNEY ONLY

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address3217 DECKER LAKE DR SALT LAKE CITY UT 841193284, SALT LAKE CITY, UT 84119-3284

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$15,432 (+40.65%) Land $2,046 Building $13,386$154,320 (+40.65%) Land $20,460 Building $133,860
2023$3,056.00 (+4.02%)
2022$2,938.00$10,972 Land $1,705 Building $9,267$109,720 Land $17,050 Building $92,670

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.

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