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.
Contingent
Price cut: $49K (5/20)
$400,000
502 S Edward St, Mount Prospect, IL 60056
4beds
1,466sqft
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
- 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#: 12627393
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
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Contingent | $400,000$273/sqft |
Source: | ||
| 5/20/2026 | Price change | $400,000-10.9%$273/sqft |
Source: | ||
| 4/23/2026 | Listed for sale | $449,000$306/sqft |
Source: | ||
| 4/1/2026 | Listing removed | $449,000$306/sqft |
Source: | ||
| 12/27/2025 | Listed for sale | $449,000$306/sqft |
Source: | ||
| 7/23/2025 | Listing removed | $449,000$306/sqft |
Source: | ||
| 7/5/2025 | Listed for sale | $449,000-0.2%$306/sqft |
Source: | ||
| 9/18/2024 | Listing removed | $449,900$307/sqft |
Source: | ||
| 9/11/2024 | Listed for sale | $449,900$307/sqft |
Source: | ||
| 8/17/2024 | Listing removed | -- |
Source: | ||
| 7/24/2024 | Price change | $449,900-2%$307/sqft |
Source: | ||
| 7/2/2024 | Listed for sale | $459,000+36.2%$313/sqft |
Source: | ||
| 7/31/2013 | Listing removed | $1,800$1/sqft |
Source: RE/MAX United #08399973 Report a problem | ||
| 7/23/2013 | Listed for rent | $1,800$1/sqft |
Source: REMAX UNITED #08399973 Report a problem | ||
| 5/27/2005 | Sold | $337,000$230/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $19,681 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 60056
Nearby schools
GreatSchools rating
- 9/10Lions Park Elementary SchoolGrades: 2-5Distance: 0.3 mi
- 7/10Lincoln Middle SchoolGrades: 6-8Distance: 1.1 mi
- 10/10Prospect High SchoolGrades: 9-12Distance: 1.9 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Mount Prospect
- 60056
- 502 S Edward St



