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  3. Mount Prospect, IL
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  5. Prospect Gardens Condominiums
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Prospect Gardens Condominiums

501 E Prospect Avenue, Mount Prospect, IL, 60056

YEAR BUILT

1967

# STORIES

3

# TOTAL UNITS

22

UNIT SIZE RANGE

850-950 sqft

Description

Prospect Gardens Condominiums is located at 501 E Prospect Avenue in Mount Prospect. This building stands 3 stories tall and contains 22 units. The design provides a cozy, intimate feel, perfect for those looking for a friendly community atmosphere. The construction year of 1967 gives character to these homes. Units come with either 1 or 2 bedrooms, making them suitable for different lifestyles. Sizes range from 850 to 950 square feet, allowing for various layouts and setups depending on personal needs. Prices for the available units fall between $137,000 and $155,000. The average closed price is around $137,000, translating to about $192 per square foot based on recent sales. This pricing structure gives potential buyers a good range to consider. Homes here spend an average of 41 days on the market. This time allows buyers to think over their decisions without rush. Local amenities add value as well; residents can enjoy nearby bike trails for recreational outings or exercise. For dining and shopping, options are plentiful. Chicago Classic Coach LLC and Creative Training are a short distance away. This access to businesses enhances daily living and local engagement. Located near water bodies adds a special touch. Residents can easily reach Lake Michigan. This proximity supports outdoor activities like fishing or picnics by the water. Overall, this building offers a mix of comfort, community, and convenience.

Building ImageMLS ID #12169122
Building ImageMLS ID #11688455
Building Image
Building ImageView Listing

Prospect Gardens Condominiums

501 E Prospect Avenue, Mount Prospect, IL, 60056

YEAR BUILT

1967

# STORIES

3

# TOTAL UNITS

22

UNIT SIZE RANGE

850-950 sqft

Description

Prospect Gardens Condominiums is located at 501 E Prospect Avenue in Mount Prospect. This building stands 3 stories tall and contains 22 units. The design provides a cozy, intimate feel, perfect for those looking for a friendly community atmosphere. The construction year of 1967 gives character to these homes. Units come with either 1 or 2 bedrooms, making them suitable for different lifestyles. Sizes range from 850 to 950 square feet, allowing for various layouts and setups depending on personal needs. Prices for the available units fall between $137,000 and $155,000. The average closed price is around $137,000, translating to about $192 per square foot based on recent sales. This pricing structure gives potential buyers a good range to consider. Homes here spend an average of 41 days on the market. This time allows buyers to think over their decisions without rush. Local amenities add value as well; residents can enjoy nearby bike trails for recreational outings or exercise. For dining and shopping, options are plentiful. Chicago Classic Coach LLC and Creative Training are a short distance away. This access to businesses enhances daily living and local engagement. Located near water bodies adds a special touch. Residents can easily reach Lake Michigan. This proximity supports outdoor activities like fishing or picnics by the water. Overall, this building offers a mix of comfort, community, and convenience.

Next

Description

Prospect Gardens Condominiums is located at 501 E Prospect Avenue in Mount Prospect. This building stands 3 stories tall and contains 22 units. The design provides a cozy, intimate feel, perfect for those looking for a friendly community atmosphere. The construction year of 1967 gives character to these homes. Units come with either 1 or 2 bedrooms, making them suitable for different lifestyles. Sizes range from 850 to 950 square feet, allowing for various layouts and setups depending on personal needs. Prices for the available units fall between $137,000 and $155,000. The average closed price is around $137,000, translating to about $192 per square foot based on recent sales. This pricing structure gives potential buyers a good range to consider. Homes here spend an average of 41 days on the market. This time allows buyers to think over their decisions without rush. Local amenities add value as well; residents can enjoy nearby bike trails for recreational outings or exercise. For dining and shopping, options are plentiful. Chicago Classic Coach LLC and Creative Training are a short distance away. This access to businesses enhances daily living and local engagement. Located near water bodies adds a special touch. Residents can easily reach Lake Michigan. This proximity supports outdoor activities like fishing or picnics by the water. Overall, this building offers a mix of comfort, community, and convenience.

Prospect Gardens Condominiums Market Stats Last 12 months

Avg. Listed Price$129,900($182/Sqft.)
Avg. Sale Price$137,000($192/Sqft.)
Year over year list price0.00%
Year over year sale price 0.00%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market41 days
Average HOA fees per sqft$4 /monthly
Next

Market Stats

Year over year list price0.00%
Year over year sale price0.00%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market41 days
Average HOA fees per sqft$4 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

-
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

-
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Prospect Gardens Condominiums Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 3F3F80011342025-07-11
MLS#: 12366402 		Closed$155,000
Unit 1B1B71411412024-11-06
MLS#: 12169122 		Closed$137,000
Unit 2I2I68011702023-02-23
MLS#: 11688455 		Closed$117,500
Unit 1B
1B

1 Beds

1 Baths

714 sqft

DateStatusPrice
2024-11-06Closed$137,000
MLS#: 12169122
Days On Market41
Unit 2I
2I

1 Beds

1 Baths

680 sqft

DateStatusPrice
2023-02-23Closed$117,500
MLS#: 11688455
Days On Market70
Unit 3F
3F

1 Beds

1 Baths

800 sqft

DateStatusPrice
2025-07-11Closed$155,000
MLS#: 12366402
Days On Market34
View Complete Unit Listing HistorySource By: MRED

Amenities

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Coin Laundry

Coin Laundry

Bike Room/Bike Trails

Bike Room/Bike Trails

Storage

Storage

Balcony

Balcony

Policies

Speaking of pets, the policies at Prospect Gardens are friendly for animal lovers, so you can bring your beloved companion along. With no additional restrictions, you can feel at ease letting your pets roam and thrive in your new home. This welcoming atmosphere cultivates a sense of community, making it easier to connect with your neighbors.

Next

Amenities Description

Speaking of pets, the policies at Prospect Gardens are friendly for animal lovers, so you can bring your beloved companion along. With no additional restrictions, you can feel at ease letting your pets roam and thrive in your new home. This welcoming atmosphere cultivates a sense of community, making it easier to connect with your neighbors.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Prospect Gardens Condominiums$192/sqft.$4 /sqft.
501 E Prospect Ave$194/sqft.$5 /sqft.
40 E Northwest Hwy$281/sqft.$3 /sqft.
Village Centre$281/sqft.$3 /sqft.
100 S Emerson St$309/sqft.$2 /sqft.
The Emerson$309/sqft.$2 /sqft.

Nearby Schools

Discover top-rated schools located close to Prospect Gardens Condominiums.

Lions Park Elementary School

B
Public|Grades 2–5
300 E Council Trl|0.33 miles away

St Paul Lutheran School

--
Private|Grades PK–8
18 S School St|0.54 miles away

St Raymond School

--
Private|Grades PK–8
300 S Elmhurst Ave|0.83 miles away

Lincoln Middle School

B-
Public|Grades 6–8
700 W Lincoln St|1.23 miles away

Brentwood Elementary School

B
Public|Grades KG–5
260 Dulles Rd|1.32 miles away

Chippewa Middle School

B-
Public|Grades 6–8
123 N 8th Ave|1.57 miles away
Next

Schools

Lions Park Elementary School

B
Public|Grades 2–5
300 E Council Trl|Less than 1 Mile Away

St Paul Lutheran School

--
Private|Grades PK–8
18 S School St|Less than 1 Mile Away

St Raymond School

--
Private|Grades PK–8
300 S Elmhurst Ave|Less than 1 Mile Away

Lincoln Middle School

B-
Public|Grades 6–8
700 W Lincoln St|1.23 Miles Away

Brentwood Elementary School

B
Public|Grades KG–5
260 Dulles Rd|1.32 Miles Away

Chippewa Middle School

B-
Public|Grades 6–8
123 N 8th Ave|1.57 Miles Away

Fairview Elementary School

B
Public|Grades 2–5
300 N Fairview Ave|1.67 Miles Away

Bright Horizons

--
Private|Grades PK–TKG
1020 S Hunt Club D...|1.67 Miles Away

Cumberland Elementary School

B+
Public|Grades KG–5
700 E Golf Rd|1.70 Miles Away

Terrace Elementary School

B+
Public|Grades KG–5
735 S Westgate Rd|2.07 Miles Away

Terrace School-D/Hh Early Childhood Program

--
Public|Grades –
735 S Westgate Rd,...|2.07 Miles Away

Westbrook Early Learning Center

--
Public|Grades PK–1
103 S Busse Rd|2.08 Miles Away

Prospect High School

A
Public|Grades 9–12
801 W Kensington R...|2.21 Miles Away

Robert Frost Elementary School

C
Public|Grades KG–5
1308 S Cypress Dr|2.31 Miles Away

Maryville Jen School

--
Private|Grades 9–12
1150 N River Rd|2.33 Miles Away

Timber Ridge School

--
Public|Grades –
201 S Evanston Ave|2.44 Miles Away

Euclid Elementary School

B
Public|Grades PK–5
711 E Euclid Ave|2.59 Miles Away

Forest View Elementary School

A-
Public|Grades KG–5
1901 W Estates Dr|2.62 Miles Away

The Early Learning Center

--
Public|Grades PK–PK
1900 W Lonnquist B...|2.64 Miles Away

River Trails Middle School

B-
Public|Grades 6–8
1000 N Wolf Rd|2.64 Miles Away

Joseph Academy

--
Private|Grades 8–12
1101 Gregory St|2.65 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

Main/Busse

0.66 miles away|13 min walk

Main/Central

0.78 miles away|15 min walk

Golf Rd & School St/Marshall Dr

1.1 miles away|21 min walk

Golf Rd & Louis St

1.1 miles away|22 min walk

Golf Rd & Marshall Dr/School St

1.11 miles away|22 min walk

Golf Rd & Elm St

1.11 miles away|22 min walk
Next

Transit

Main/Busse

0.66 miles away|13 min walk

Main/Central

0.78 miles away|15 min walk

Golf Rd & School St/Marshall Dr

1.1 miles away|21 min walk

Golf Rd & Louis St

1.1 miles away|22 min walk

Golf Rd & Marshall Dr/School St

1.11 miles away|22 min walk

Golf Rd & Elm St

1.11 miles away|22 min walk

Golf Rd & Golfview Pl/Wilkins Dr

1.12 miles away|22 min walk

Golf Rd & Wilkins Dr/Golfview Pl

1.13 miles away|22 min walk

Golf Rd & Mt Prospect Rd

1.15 miles away|23 min walk

Golf Rd & Country Ln

1.22 miles away|24 min walk

Business Center Dr & Rand Rd

1.3 miles away|25 min walk

Golf Rd & Warrington Rd

1.37 miles away|27 min walk

Cumberland Metra (485 Northwest Hwy)

1.37 miles away|27 min walk

Cumberland

1.38 miles away|27 min walk

Cumberland Metra (484 Northwest Hwy)

1.39 miles away|27 min walk

Golf Rd & Elmhurst Rd

1.4 miles away|27 min walk

Golf/Eighth

1.54 miles away|30 min walk

Golf Rd & Wa Pella Ave/Hunt Club Dr

1.55 miles away|30 min walk

Golf Rd & Hunt Club Dr/Wa Pella Dr

1.57 miles away|31 min walk

Business Center Dr & Wheeling Rd

1.58 miles away|31 min walk

Broadway St & Northwest Hwy

1.59 miles away|31 min walk

Golf/Seventh

1.6 miles away|31 min walk

Golf/Sixth

1.67 miles away|32 min walk

Business Center Dr & Feehanville Dr (W)

1.69 miles away|33 min walk

Golf Rd & Na Wa Ta Ave

1.69 miles away|33 min walk

Business Center Dr & Feehanville Dr

1.73 miles away|34 min walk

Golf/Fifth

1.76 miles away|34 min walk

Golf/Fourth

1.83 miles away|36 min walk

Business Center Dr & Slawin Ct

1.88 miles away|36 min walk

Golf Rd & Lancaster St

1.88 miles away|37 min walk

Golf/Third

1.9 miles away|37 min walk

Golf/Second

1.96 miles away|38 min walk

Business Center Dr & Feehanville Dr (E)

1.98 miles away|38 min walk

Feehanville Dr & Business Center Dr

2 miles away|39 min walk

Elmhurst/Kensington

2.02 miles away|39 min walk

Elmhurst/Rand

2.11 miles away|41 min walk

Business Center Dr & Bishop Ct

2.12 miles away|41 min walk

Golf Rd & Robert Dr

2.13 miles away|41 min walk

900 Northwest Hwy

2.18 miles away|42 min walk

Golf/Rand

2.21 miles away|43 min walk

Elmhurst/Randhurst Mall

2.27 miles away|44 min walk

Dempster St & Ida Ct (E)

2.36 miles away|46 min walk

515 Thacker St

2.37 miles away|46 min walk

506 Thacker St

2.38 miles away|46 min walk

Golf Rd & Busse Rd

2.43 miles away|47 min walk

Golf Rd & Busse Rd (@ 1731 Golf Rd)

2.46 miles away|48 min walk

Golf Rd & Oakwood Dr

2.56 miles away|49 min walk

Golf/Pace Sign/1250 Bldg.

2.57 miles away|50 min walk

Elmhurst/Euclid

2.62 miles away|51 min walk

Linneman Rd & Dempster St

2.62 miles away|51 min walk

The Neighbourhood: Prospect Gardens Condominiums

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Prospect Gardens Condominiums Demographics

Age Demographics

0–14 Years

19.85%

15–29 Years

13.76%

30–44 Years

20.27%

45–59 Years

20.92%

60+ Years

25.2%

Commute

9.8%

Transit

0.85%

Walk

74.1%

Drive

0.39%

Bike

Housing Ownership

85.85%

Owner Occupied

14.15%

Rental Units

Household Types

Single Family
36.25%
Multi Family
9.54%
Single Person
22.48%
Multi Person
77.52%

Average Income

Household:$11,270,382.61 /yr

Individual:$5,031,439.73 /yr

Education

Bachelors Degree35.67%
High School College15.85%
Diploma7.3%
Post Graduate20.58%
Others20.59%
Next

Education

Diploma7.3%
Post Graduate20.58%
Others20.59%
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  1. Home
  2. /Mount Prospect, IL
  3. /
    Prospect Gardens Condominiums
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