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Single Family ResidenceResidential
$569,378$259 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

505 N FOREST AVE

MOUNT PROSPECT, IL 60056
4
Beds
2
Baths
2,198 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.
0.17 ac
Lot SizeThe size of the land the home sits on, from county records.
1958
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$569K
$516K low$623K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$155,519
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$124,415
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.72%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$358,388
FLAGSTAR BK · 3.75% 2 · recorded Jul 1, 2019
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$44,536
FLAGSTAR BANK FSB
3rd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$10,935

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$9,644 (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.$38,000 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$7,260
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$30,740
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$38,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$380,000

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.36
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
7
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.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Split Level
CountyCook
Lot (acres)The size of the land the home sits on, from county records.0.17
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.None
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached

Transaction History(2)

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.

H
Prospect High SchoolA+
High · Grades 9–12 · 0.2 mi
E
Westbrook Early Learning Center
Elementary · Grades PK–1 · 1.0 mi
M
Lincoln Middle SchoolB+
Middle · Grades 6–8 · 1.1 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%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

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

505 N Forest Ave 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.

  • Worth more than 82% of homes in Mount Prospect 60056
  • Costs less per square foot than 69% of homes in Mount Prospect 60056
  • Bigger than 80% of homes in Mount Prospect 60056
  • Has a smaller lot than 89% of homes in Mount Prospect 60056
  • Older than 71% of homes in Mount Prospect 60056

What homes are worth in Mount Prospect 60056

Each bar is how many homes fall in that price range. The marker is this home.

This home
$171K$877K

This home is worth more than 82% 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.

Estimated value$569,378
CheaperTypical $436,091Pricier

Pricier than 82% of homes nearby

Price per ft²$259
CheaperTypical $286Pricier

Pricier than 31% of homes nearby

Living area2,198 ft²
SmallerTypical 1,475 ft²Bigger

Bigger than 80% of homes nearby

Lot size0.17 ac
SmallerTypical 0.22 acBigger

Bigger than 11% of homes nearby

Year built1958
OlderTypical 1965Newer

Newer than 29% of homes nearby

How 505 N Forest Ave ranks against every home in each area.
MeasureThis homeMount Prospect 60056Cook County
Estimated valuepricier than$569,37882% of homes82% of homes
Price per ft²pricier than$25931% of homes54% of homes
Living areabigger than2,198 ft²80% of homes76% of homes
Lot sizebigger than0.17 ac11% of homes54% of homes
Year builtnewer than195829% of homes50% of homes

About 505 N Forest Ave

How much is 505 N Forest Ave, Mount Prospect, IL worth?

The TopHap Estimate for 505 N Forest Ave, Mount Prospect, IL is $569,378 as of Jul 14, 2026. The likely range is $516,104 to $622,652. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 505 N Forest Ave, Mount Prospect, IL?

505 N Forest Ave, Mount Prospect, IL has 4 bedrooms, 2 bathrooms, 2,198 square feet of living space and a 0.17-acre lot.

When was 505 N Forest Ave, Mount Prospect, IL built?

505 N Forest Ave, Mount Prospect, IL was built in 1958, making it 68 years old. It is a split level home. The building has 2 stories.

What schools serve 505 N Forest Ave, Mount Prospect, IL?

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

How does 505 N Forest Ave, Mount Prospect, IL compare to other homes in Mount Prospect 60056?

Among the 17,933 homes in Mount Prospect 60056, it is worth more than 82% of them ($569,378 against a typical $436,091), its price per square foot is higher than 31% of them ($259 against a typical $286), it is bigger than 80% of them (2,198 ft² against a typical 1,475 ft²), its lot is bigger than 11% of them (0.17 ac against a typical 0.22 ac) and it is newer than 29% of them (1958 against a typical 1965). Measured against all of Cook County, it is worth more than 82% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 505 N Forest Ave, Mount Prospect, IL?

The 2023 property tax bill for 505 N Forest Ave, Mount Prospect, IL was $9,644. The county assessed it at $38,000.

Closest homes

More homes in Mount Prospect 60056

Assigned schools

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