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Contingent
  • Price cut: $49K (5/20)
    $400,000

    502 S Edward St, Mount Prospect, IL 60056

    4beds
    1,466sqft
    : 
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    Single Family Residence
    Built in 1957
    7,236 Square Feet Lot
    $392,500 Zestimate®
    $273/sqft
    $-- HOA

    What's special

    Well-maintained brick ranchQuiet tree-lined streetAdjacent dining nookWarm hardwood floors
    Welcome to this well-maintained brick ranch located on a quiet, tree-lined street in Mount Prospect. This home offers a solid layout with warm hardwood floors and abundant natural light throughout the main living areas, creating a comfortable and inviting atmosphere from the moment you step inside. The spacious living room flows easily into the kitchen, which features ample cabinet space, functional work areas, and an adjacent dining nook-perfect for everyday meals or casual entertaining. While the kitchen and baths reflect a more traditional style, they are clean, functional, and provide an excellent opportunity for buyers to update at their own pace. The home includes a full bathroom with charming vintage tilework, showcasing the character and craftsmanship of the era. A large, unfinished basement offers generous additional space for storage, recreation, or future finishing, adding flexibility and long-term value. Outside, enjoy a private backyard with room to relax, garden, or entertain, along with a screened-in porch that extends your living space during warmer months. The attached garage and driveway provide convenient parking and storage. Ideally located near schools, parks, shopping, dining, and transportation, this home is perfect for buyers seeking a move-in ready property with strong bones and the ability to make it their own. A great opportunity to own in a desirable Mount Prospect neighborhood.
    69 days
    |
    108
    |
    1
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Landon Kelly (630)379-1078,

    Real Broker, LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12627393MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: No additional rooms
      Primary bedroom
      • Level: Main
      • Area: 120 Square Feet
      • Dimensions: 12X10
      Bedroom 2
      • Level: Main
      • Area: 120 Square Feet
      • Dimensions: 12X10
      Bedroom 3
      • Level: Main
      • Area: 100 Square Feet
      • Dimensions: 10X10
      Bedroom 4
      • Level: Main
      • Area: 100 Square Feet
      • Dimensions: 10X10
      Dining room
      • Level: Main
      • Area: 224 Square Feet
      • Dimensions: 16X14
      Kitchen
      • Level: Main
      • Area: 140 Square Feet
      • Dimensions: 20X7
      Living room
      • Level: Main
      • Area: 168 Square Feet
      • Dimensions: 12X14
      Heating
      • Natural Gas
      Cooling
      • Central Air
      Appliances
      • Laundry: In Unit
      Features
      • Basement: Finished,Full
      Interior area
      • Total structure area: 0
      • Total interior livable area: 1,466 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage Door Opener, Yes, Garage Owned, Attached, Garage
      • Attached garage spaces: 1
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: No Disability Access
      Features
      • Stories: 1
      Lot
      • Size: 7,236 Square Feet
      Details
      • Parcel number: 08124070130000
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Brick
      Condition
      • New construction: No
      • Year built: 1957

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Services included: None
      Location
      • Region: Mount Prospect

      Financial & listing details

      • Price per square foot: $273/sqft
      • Tax assessed value: $350,000
      • Annual tax amount: $8,826
      • Date on market: 4/23/2026
      • Ownership: Fee Simple

        Estimated market value

        $392,500

        $373,000 - $412,000

        $3,000/mo

        Price history

        DateEventPrice
        6/3/2026Contingent$400,000$273/sqft
        Source: MRED as distributed by MLS GRID #12627393 Report a problem
        5/20/2026Price change$400,000-10.9%$273/sqft
        Source: MRED as distributed by MLS GRID #12627393 Report a problem
        4/23/2026Listed for sale$449,000$306/sqft
        Source: MRED as distributed by MLS GRID #12627393 Report a problem
        4/1/2026Listing removed$449,000$306/sqft
        Source: MRED as distributed by MLS GRID #12521908 Report a problem
        12/27/2025Listed for sale$449,000$306/sqft
        Source: MRED as distributed by MLS GRID #12521908 Report a problem
        7/23/2025Listing removed$449,000$306/sqft
        Source: MRED as distributed by MLS GRID #12386991 Report a problem
        7/5/2025Listed for sale$449,000-0.2%$306/sqft
        Source: MRED as distributed by MLS GRID #12386991 Report a problem
        9/18/2024Listing removed$449,900$307/sqft
        Source: MRED as distributed by MLS GRID #12050044 Report a problem
        9/11/2024Listed for sale$449,900$307/sqft
        Source: MRED as distributed by MLS GRID #12050044 Report a problem
        8/17/2024Listing removed--
        Source: MRED as distributed by MLS GRID #12050044 Report a problem
        7/24/2024Price change$449,900-2%$307/sqft
        Source: MRED as distributed by MLS GRID #12050044 Report a problem
        7/2/2024Listed for sale$459,000+36.2%$313/sqft
        Source: MRED as distributed by MLS GRID #12050044 Report a problem
        7/31/2013Listing removed$1,800$1/sqft
        Source: RE/MAX United #08399973 Report a problem
        7/23/2013Listed for rent$1,800$1/sqft
        Source: REMAX UNITED #08399973 Report a problem
        5/27/2005Sold$337,000$230/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024-- $35,000
        2023$8,826 +4.3%$35,000
        2022$8,458 +2.2%$35,000 +17.1%
        2021$8,273 +1.2%$29,881
        2020$8,171 +0.1%$29,881 -10%
        2019$8,165 +6.4%$33,202 +16.4%
        2018$7,673 -0.5%$28,517
        2017$7,712 +11.6%$28,517
        2016$6,912 +7.5%$28,517 +15.2%
        2015$6,432 +1.5%$24,754
        2014$6,339 +0.4%$24,754
        2013$6,316 -7.1%$24,754 -14.3%
        2012$6,797 +3.4%$28,882
        2011$6,574 -0.4%$28,882
        2010$6,599 +2.6%$28,882 -16.8%
        2009$6,435 +7.8%$34,724 -7%
        2008$5,972 +3.8%$37,339
        2007$5,756 +2.7%$37,339 +29%
        2006$5,607 +0.3%$28,947
        2005$5,593 +32%$28,947
        2004$4,237 -1.3%$28,947 +29.1%
        2003$4,292 +3.9%$22,416
        2002$4,132 +8.9%$22,416
        2001$3,793 +1.5%$22,416 +13.9%
        2000$3,736 +1.8%$19,681
        1999$3,671 $19,681

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 60056

        Getting around

        61 / 100
        Somewhat Walkable
        34 / 100
        Some Transit
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 57

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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