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CondominiumResidential

501 E Prospect Ave

MOUNT PROSPECT, IL 60056
1.3 ac
Lot SizeThe size of the land the home sits on, from county records.
1967
Year BuiltThe year the home was originally built, according to county records.
Built 196740 units725–1,000 ft²
$6.8M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$171K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$220
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-23.3%vs the Mount Prospect ZIP median sale $/ft² ($287)

Sales Performance

$155K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+6.2%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
2.5%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+1.6%per yeartypical hold 8.1 yrsfrom 29 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
19982001200420102015201920232026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
19982001200420102015201920232026

68 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

1 bed
34 units
2 bed
6 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
1 bd · 1 ba · 725 ft²
2 units
1 bd · 0 ba · 800 ft²
2 units
One-off layouts
36 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$132K–$141K
2 units
$143K–$149K
5 units
$155K–$165K
9 units
$167K–$175K
10 units
$178K–$187K
8 units
$190K–$193K
2 units
$199K–$203K
3 units
$220K–$220K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.50%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.13%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.12.2 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.40%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.33%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$171,992
Median tax billThe middle annual property tax bill among the building's units.$2,445
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.2

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 2BSep 15, 2026$155,000Unit 3FJul 15, 2025$155,000Unit 1BNov 13, 2024$137,000Unit 2IFeb 28, 2023$117,500Unit 2HSep 29, 2022$96,500Unit 1CDec 31, 2020$89,000Unit 2KDec 23, 2020$95,000Unit 1LMar 10, 2020$88,000Unit 2LOct 17, 2019$75,075Unit 1NJul 25, 2019$100,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.44
44
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
9
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
62
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
63
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.10 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyCOOK
Lot (acres)The size of the land the home sits on, from county records.1.30
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Window A/C
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Lincoln Middle SchoolB+
Middle · Grades 6–8 · 0.9 mi
E
Westbrook Early Learning Center
Elementary · Grades PK–1 · 1.6 mi
H
Prospect High SchoolA+
High · Grades 9–12 · 1.7 mi

District: Mount Prospect School District 57

Neighborhood · ZIP 60056These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.59
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.124
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.43

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.31%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.7%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.56,070
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,043 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$99,966
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$121,404
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

501 E Prospect Ave
1 bd
$172K
501 E Prospect Ave # 1a
2 bd · 1 ba · 800 ft²
$202K
501 E Prospect Ave # 1b
1 bd
$149K
501 E Prospect Ave # 1c
1 bd
$156K
501 E Prospect Ave # 1d
1 bd · 2 ba
$186K
501 E Prospect Ave # 1e
1 bd
$143K
501 E Prospect Ave # 1f
1 bd
$175K
501 E Prospect Ave Apt 1i
1 bd · 800 ft²
$203K
501 E Prospect Ave # 1j
1 bd
$170K
501 E Prospect Ave # 1k
1 bd
$187K
501 E Prospect Ave # 1l
1 bd
$165K
501 E Prospect Ave # 1m
1 bd
$179K
501 E Prospect Ave Apt 1n
2 bd · 900 ft²
$162K
501 E Prospect Ave # 2a
2 bd
$193K
501 E Prospect Ave # 2b
1 bd
$155K
501 E Prospect Ave # 2c
1 bd
$155K
501 E Prospect Ave # 2d
1 bd
$175K
501 E Prospect Ave # 2f
1 bd
$173K
501 E Prospect Ave # 2g
1 bd · 1 ba
$132K
501 E Prospect Ave # 2h
1 bd
$141K
501 E Prospect Ave # 2i
1 bd
$145K
501 E Prospect Ave Apt 2j
1 bd · 1 ba · 725 ft²
$157K
501 E Prospect Ave # 2k
1 bd
$180K
501 E Prospect Ave # 2l
1 bd
$148K
501 E Prospect Ave Apt 2m
1 bd · 800 ft²
$173K
501 E Prospect Ave # 2n
2 bd
$187K
501 E Prospect Ave # 3a
2 bd
$187K
501 E Prospect Ave # 3b
1 bd
$144K
501 E Prospect Ave Apt 3c
1 bd · 1 ba · 725 ft²
$167K
501 E Prospect Ave # 3d
1 bd
$187K
501 E Prospect Ave # 3e
1 bd
$199K
501 E Prospect Ave # 3f
1 bd
$163K
501 E Prospect Ave # 3g
1 bd
$157K
501 E Prospect Ave # 3h
1 bd
$190K
501 E Prospect Ave # 3i
1 bd
$168K
501 E Prospect Ave # 3j
1 bd
$171K
501 E Prospect Ave # 3k
1 bd
$178K
501 E Prospect Ave # 3l
1 bd · 1 ba
$157K
501 E Prospect Ave # 3m
1 bd
$172K
501 E Prospect Ave Apt 3n
2 bd · 1,000 ft²
$220K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 501 E Prospect Ave

How many units are in 501 E Prospect Ave, Mount Prospect, IL?

501 E Prospect Ave, Mount Prospect, IL has 40 residential units across built in 1967, according to county assessor records.

What is a unit at 501 E Prospect Ave, Mount Prospect, IL worth?

The median TopHap Estimate across the 40 units at 501 E Prospect Ave, Mount Prospect, IL is $171,313. That works out to $220 per square foot. Units run from 725 to 1,000 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 501 E Prospect Ave, Mount Prospect, IL expensive for Mount Prospect?

Units at 501 E Prospect Ave, Mount Prospect, IL carry a median of $220 per square foot, 23% below the Mount Prospect median of $287 per square foot.

How often do units sell at 501 E Prospect Ave, Mount Prospect, IL?

1 units at 501 E Prospect Ave, Mount Prospect, IL sold in the last 12 months, out of 68 recorded arms-length sales all time. That is a turnover rate of 2.5% of the building per year. The median sale over that period was $155K.

Have units at 501 E Prospect Ave, Mount Prospect, IL appreciated?

Across 29 repeat sales of the same unit, 501 E Prospect Ave, Mount Prospect, IL returned a median 1.6% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 8.1 years.

What floor plans does 501 E Prospect Ave, Mount Prospect, IL have?

The most common plan at 501 E Prospect Ave, Mount Prospect, IL is a 1-bedroom of 725 square feet, repeated 2 times, with a median estimate of $161,786. TopHap identifies 2 recurring plans in the building.

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