7 W Prospect Ave, Mount Prospect, IL 60056 Property Records

Cook County property record for 7 W Prospect Ave, Mount Prospect, IL 60056

Property Summary

Property TypeCommercial Vacant Land
Lot Size0.287 acres (12,518 sqft)
OwnerCompany Name on Record
Last Sale$1,675,000 (Jun 2021)
Tax Bill$12,572 (2022)
Deeds & MortgagesNov 2021 Mortgage
Dec 2023 Mortgage
Flood ZoneZone X (minimal risk)
APN08-12-114-005

Property Details

APN / Parcel Number

Primary APN08-12-114-005
Alternative APN
  • 08-12-114-005-0000

Exterior

Architectural StyleOther
Lot Area12,518 sqft (0.287 acres)

Location & Zoning

Street Address7 W PROSPECT AVE
CityMOUNT PROSPECT
StateIL
Zip60056-3213
Property CategoryCommercial
Property TypeVacant Land > Commercial
Legal DescriptionBLK:5 DIST:16 CITY/MUNI/TWP:ELK GROVE SEC/TWN/RNG/MER:SEC 12 TWN 41N RNG 11E
Legal Range11E
Legal Township41N
Legal Section12
Legal QuarterNW
Legal SubdivisionMEIRS ADD
Legal Block5
Legal Lot Number1
JurisdictionCOOK IL
Township / Civil DivisionELK GROVE
Census Block Group5
Census Block5015
Census Tract804901

Owner

Source: Cook County records, as of April 8, 2024

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 Address3901 25TH AVE, SCHILLER PARK, IL 60176-2117
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
Nov 9, 2021Deed of Trust, Mortgage · Commercial Mortgage
PARKVIEW FINANCIAL REIT LP
Dec 7, 2023Deed of Trust, Mortgage · Commercial Mortgage
BLUEBIRD CREDIT EM LLC

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJun 1, 2021 · Amount on Record
Deed SaleJun 1, 2021 · Amount on Record
Deed Document Number2115242057
Record UpdatedJun 7, 2026

November 2021: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOK IL
Property Address7 W PROSPECT AVE, MOUNT PROSPECT, IL 60056-3213
Transaction TypeMortgage
Record UpdatedApr 9, 2024

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0031342269
DateNov 9, 2021
Instrument2131342269
Lender
NamePARKVIEW FINANCIAL REIT LP
TypeNon-Lending Institution
AddressLOS ANGELES, CA 90025
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Term29 Months
DueApr 1, 2024

December 2023: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOK IL
Property Address7 W PROSPECT AVE, MOUNT PROSPECT, IL 60056-3213
Transaction TypeMortgage
Record UpdatedApr 9, 2024
Title CompanyE-CHICAGO TITLE, CHICAGO TITLE

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0034141036
DateDec 7, 2023
Instrument2334141036
Lender
NameBLUEBIRD CREDIT EM LLC
TypeNon-Lending Institution
AddressWESTPORT, CT 06880
Agreement
TypeCommercial Mortgage
AmountAmount Recorded

Tax Assessment & Valuation

Source: Cook County assessment roll, as of January 1, 2022

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
2022$12,572.00$46,942 Land $46,942$187,768 Land $187,768

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

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
Nearby Flood Claims3 (1987)
Claims Outside the SFHA1 of 3
Most Recent ClaimAug 1987 · Severe Storms & Flooding
Claims by Event
  • Severe Storms & Flooding, Aug 1987 · 3 claims

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

ProviderMax Down / Up (Mbps)
AT&T
Fiber · DSL · Fixed Wireless in parts of the area
5,000 / 5,000
Xfinity
Cable
2,000 / 250
Astound Broadband
Cable
1,500 / 50
Verizon
Fixed Wireless
1,000 / 75
T-Mobile
Fixed Wireless
100 / 20

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