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Apartments (Generic)Residential
Last sold for $231,666 on Oct 22, 1997

116 N LANCASTER ST

MOUNT PROSPECT, IL 60056
9
Beds
4
Baths
4,266 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
3,125 ft²
Lot SizeThe size of the land the home sits on, from county records.
1956
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
19
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$231,666 · Oct 22, 1997

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,678 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$24,483 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$3,750
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$20,733
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$20,421
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$244,830

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.35
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
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.
66
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.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Apartments (Generic)
CountyCOOK
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1957
Lot (acres)The size of the land the home sits on, from county records.0.07
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Mat/Raft Foundation (Slab)
RoofThe main material covering the roof, such as asphalt shingle or tile.Roll Tar & Gravel
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.No Garage
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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

E
Westbrook Early Learning Center
Elementary · Grades PK–1 · 0.5 mi
H
Prospect High SchoolA+
High · Grades 9–12 · 0.7 mi
M
Lincoln Middle SchoolA-
Middle · Grades 6–8 · 0.7 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%

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

How this home compares

116 N Lancaster St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Bigger than 98% of homes in Mount Prospect 60056
  • Has a smaller lot than 95% of homes in Mount Prospect 60056
  • Older than 78% of homes in Mount Prospect 60056

How it measures up in Mount Prospect 60056

The dot is this home. The mark in the middle is the typical home in Mount Prospect 60056.

Living area4,266 ft²
SmallerTypical 1,477 ft²Bigger

Bigger than 98% of homes nearby

Lot size3,125 ft²
SmallerTypical 0.22 acBigger

Bigger than 5% of homes nearby

Year built1956
OlderTypical 1965Newer

Newer than 22% of homes nearby

How 116 N Lancaster St ranks against every home in each area.
MeasureThis homeMount Prospect 60056Cook County
Living areabigger than4,266 ft²98% of homes96% of homes
Lot sizebigger than3,125 ft²5% of homes8% of homes
Year builtnewer than195622% of homes45% of homes

About 116 N Lancaster St

When did 116 N Lancaster St, Mount Prospect, IL last sell?

116 N Lancaster St, Mount Prospect, IL last sold on Oct 22, 1997 for $231,666, according to the county's recorded deed.

How big is 116 N Lancaster St, Mount Prospect, IL?

116 N Lancaster St, Mount Prospect, IL has 9 bedrooms, 4 bathrooms, 4,266 square feet of living space and a 0.07-acre lot.

When was 116 N Lancaster St, Mount Prospect, IL built?

116 N Lancaster St, Mount Prospect, IL was built in 1956, making it 70 years old. The building has 2 stories.

What schools serve 116 N Lancaster St, Mount Prospect, IL?

116 N Lancaster St, Mount Prospect, IL is assigned to Westbrook Early Learning Center (elementary); Prospect High School (high), rated A+; Lincoln Middle School (middle), rated A-. All sit in Mount Prospect School District 57. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 116 N Lancaster St, Mount Prospect, IL compare to other homes in Mount Prospect 60056?

Among the 17,995 homes in Mount Prospect 60056, it is bigger than 98% of them (4,266 ft² against a typical 1,477 ft²), its lot is bigger than 5% of them (3,125 ft² against a typical 0.22 ac) and it is newer than 22% of them (1956 against a typical 1965). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 116 N Lancaster St, Mount Prospect, IL?

The 2023 property tax bill for 116 N Lancaster St, Mount Prospect, IL was $5,678. The county assessed it at $24,483.

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