501 E Prospect Ave

501 E Prospect Ave, Mount Prospect, IL, 60056

Units for Sale

Front view of a three-story residential building with balconies and surrounded by trees.

View Listing

MLS ID #12366402

View Listing MLS ID #12366402

Front view of a multi-story apartment building with a central entrance.

View Listing MLS ID #12377676

Year Built

1963

# Stories

# Total Units

Unit Size Range

680-900 sqft

Unit Demand

Low

Unit Availability

Low

About 501 E Prospect Ave

501 E Prospect Ave is a three-story condo building constructed in 1963. This property offers practical living in a well-established architectural design. The condos are available in 1 and 2-bedroom configurations, accommodating diverse living preferences. Unit prices range from $117,500 to $137,000, providing accessible housing options. Residents have access to amenities such as a bike room and nearby bike trails, promoting an active lifestyle. The building's structure and materials reflect the era of construction, designed to offer functionality and comfort in an efficient space. The surrounding environment enhances living convenience, though no specific neighborhood is designated. 501 E Prospect Ave is ideally situated for those who appreciate an urban setting with accessible amenities. The strategic placement provides proximity to essential services and transportation links. This building represents a blend of mid-20th-century architectural style and modern-day comfort, with a focus on providing functional living spaces and practical amenities.

View Listing

MLS ID #12366402

View Listing MLS ID #12366402

View Listing MLS ID #12377676

Amenities

Parking

Locker

Concierge

Elevator

Central AC

Pool

Fitness Center

Visitors Parking

Building Policies

Pets Allowed

Short-term Rental Allowed

BBQ Permitted

Sublet Allowed

501 E Prospect Ave Market Report (last 12 months)

Avg. List Price

$152,450 ($201/Sqft.)

Year-Over-Year List Price

0.00%

Total Listings

Avg. Days On Market

Avg. Sale Price

$137,000 ($192/Sqft.)

Year-Over-Year Sale Price

0.00%

Total Sold

Avg. HOA Fees/Sqft

$4 /monthly

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Living in 501 E Prospect Ave

Condo Living at 501 E Prospect Ave, located at 501 E PROSPECT AVE, MOUNT PROSPECT, IL:

Welcome to 501 E Prospect Ave—a charming condo building nestled in the heart of Mount Prospect, Illinois. If you’re a first-time buyer looking for a cozy space that won’t break the bank, you’ll want to learn more about what this building has to offer. Built in 1963, this three-story gem features 23 units that embody a classic architecture style, making it a delightful option for anyone starting their homeownership journey.

Building Features and Unit Availability:

With only a handful of units available, opportunities here are limited, adding a sense of exclusivity to this community. The units range from 680 to 900 square feet, providing diverse options to fit your lifestyle and needs. Although demand is currently low, the building maintains a welcoming atmosphere that makes it a perfect entry point for young couples or individuals seeking independence.

Amenities You'll Love:

One feature that truly enhances the lifestyle at 501 E Prospect Ave is the bike room and trails nearby. Imagine cycling through charming neighborhoods or enjoying leisurely rides along scenic paths. If you’re an outdoor enthusiast, the bike amenities will fit seamlessly into your everyday life, providing both exercise and a fun way to explore the area. Whether you want to venture alone or ride with friends, it’s just one of the many perks of living here.

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