501 Midway Dr, Mount Prospect, IL 60056 Property Records

Cook County property record for 501 Midway Dr, Mount Prospect, IL 60056

Property Summary

Property TypeExempt (Full or Partial)
Lot Size3.75 acres (163,486 sqft)
OwnerCompany Name on Record
Deeds & MortgagesFeb 2023 Mortgage
Jun 2017 Line of Credit
Flood ZoneZone X (minimal risk)
APN08-23-402-010

Property Details

APN / Parcel Number

Primary APN08-23-402-010
Alternative APN
  • 08-23-402-010-0000

Interior

Units2 Units

Exterior

Lot Area163,486 sqft

Location & Zoning

Street Address501 MIDWAY DR
CityMOUNT PROSPECT
StateIL
Zip60056-7000
Property CategoryOther
Property TypeOther > Exempt (Full or Partial)
Legal Description(VAVRUS) RESUB OF PT OF LT2 IN NORTHWAY INVESTMENT SU B OF PT OF SE SE SEC 23-41-11
Legal Range11E
Legal Township41N
Legal Section23
Legal SubdivisionVAVRUS RESUB OF PT OF LT2 IN NORTHWAY
Legal Lot Number2
JurisdictionCOOK IL
Township / Civil DivisionELK GROVE
Census Block Group6
Census Block6000
Census Tract805111

Owner

Source: Cook County records, as of May 27, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of RecordCompany Name on Record
Mailing Address501 MIDWAY DR, MOUNT PROSPECT, IL 60056-7000
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
Feb 8, 2023Deed of Trust, Mortgage · Commercial Mortgage
CIBM BANK
Jun 13, 2017Deed of Trust, Mortgage · Line of Credit
HUNTINGTON NAT'L BK

Assessor's Deed Record

Deed NamesName on Deed
Last SaleNov 21, 2003
Deed SaleNov 21, 2003
Prior SaleApr 13, 1998 · Amount on Record
Deed Document Number200314027
Record UpdatedOct 29, 2026

February 2023: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOK IL
Property Address501 MIDWAY DR, MOUNT PROSPECT, IL 60056-7000
Transaction TypeMortgage
Record UpdatedFeb 16, 2023
Title CompanyPROPER TITLE LLC

Transferred To (Grantee/Buyer)

NameVerified Name
Address501 MIDWAY DR, MOUNT PROSPECT, IL 60056-7000

Mortgage

Document Number0003910046
DateFeb 8, 2023
Instrument2303910046
Lender
NameCIBM BANK
TypeBank
AddressWHEATON, IL 60187
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Term60 Months
DueFeb 8, 2028
Interest
Rate5.39%

June 2017: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOK IL
Property Address501 MIDWAY DR, MOUNT PROSPECT, IL 60056-7000
Document Number1721206198
Instrument DateJun 13, 2017
Transaction TypeMortgage
Record UpdatedAug 23, 2018
Title CompanyOTHER

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address501 MIDWAY DR MOUNT PROSPECT IL 600567000, MOUNT PROSPECT, IL 60056-7000

Mortgage

Document Number1721206198
DateJul 31, 2017
Instrument21206198
Lender
NameHUNTINGTON NAT'L BK
TypeBank
Address501 W NORTH AVE, MELROSE PARK, IL 60160-1603
Agreement
TypeLine of Credit
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate

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 DistrictCommunity Consolidated School District 59 (PK - 08)

Tax Bill & Assessment History

YearTax Bill
2022Additional exemption filed

Flood

Source: FEMA National Flood Hazard Layer, effective February 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 6 (20% premium discount)
Nearby Flood Policies3 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

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 101 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250
AT&T
Fixed Wireless · DSL
100 / 20

May also be available: Astound Broadband, T-Mobile, Verizon.

Nearby Properties on Midway Dr

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