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

Cook County property record for 501 E Prospect Ave, Mount Prospect, IL 60056 · Last verified June 2026

Property Highlights

Property Type	Residential > Condominium / Townhouse > Condominium
Bedrooms	1 Beds
Architecture Style	Condo/Apartment
Year Built	Built 1967
Lot Size	56,838 sqft (1.3 acres)
Occupancy	Owner Occupied
Last Sale	$95,000 (2020)
Tax Bill	$1,521.00 (2023)

Property Details

APN / Parcel Number

Primary APN	`08-12-227-016-1023`

Interior

Bedrooms	1 Beds
Units	82 Units

Exterior

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

Location & Zoning

Street Address	501 E PROSPECT AVE, 2K
City	MOUNT PROSPECT
State	IL
Zip	60056-3341
Property Usage	Residential Property Usage
Type	Residential > Condominium / Townhouse > Condominium
Legal Description	(MATHIES) & (DALY) INC (PROSPECT) GARDENS CONDOMINIUM SEC 12-41-11
Legal Range	11E
Legal Township	41N
Legal Section	12
Legal Subdivision	MATHIES & DALY INC PROSPECT GARDENS COND
Jurisdiction	COOK IL
Minor Civil Division	ELK GROVE
Census Blockgroup	4
Census Block	4003
Census Tract	804901

Owner

Source: Cook County records · APN 08-12-227-016-1023

Assessment roll updated 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	501 E PROSPECT AVE, 2K, MOUNT PROSPECT, IL 60056-3341
Occupancy	Owner Occupied
Owner Type	Owner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Dec 23, 2020 · Amount on Record
Deed Sale	Dec 23, 2020 · Amount on Record
Prior Sale	May 29, 2013 · Amount on Record
Deed Doc Number	202017027
Record Refreshed	Sep 20, 2026

December 2020: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	COOK IL
Recording Date	Dec 23, 2020
Property Address	501 E PROSPECT AVE APT 2K, 2K, MT PROSPECT, IL 60056-3341
Document Number	0035817027
Map Reference	DOC LR1752354
Instrument Date	Sep 25, 2020
Instrument	2035817027
Transaction Type	Transfer
Record Updated	Apr 05, 2023
Title Company	E-CHICAGO TITLE, CHICAGO TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$95.00
Amount Accuracy	Rounded Values by County
Additional	Arms Length Transaction

Transferred From (Grantor/Seller)

Name	Verified Name
Address	501 E PROSPECT AVE # AVE2K, AVE2K, MOUNT PROSPECT, IL 60056-3356

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenant By Entirety
Address	501 E PROSPECT AVE, MOUNT PROSPECT, IL 60056-3356

Mortgage

Document Number	0035817028
Date	Dec 23, 2020
Instrument	2035817028

Lender

Name	NEIGHBORHOOD LOANS
Type	Mortgage Company

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	358 Months
Due	Oct 01, 2050

Interest

Rate Type	Fixed Rate
Rate	3.12%

Tax Assessment & Valuation

Source: Cook County records · Assessment roll updated May 27, 2026 · Last verified June 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
2022		$8,777 Land $1,364 Building $7,413	$87,770 Land $13,640 Building $74,130