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$735,000

Listing Price

5beds

2.5baths

2,549sqft

8,040sqft lot

502 S I Oka Ave, Mount Prospect, IL 60056

Member Features

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

288.35

Price / sqft

1927

Year built

Home Details

Rare Opportunity for a Historic 1927 Home with Endless Potential! Nestled in the highly desirable Country Club subdivision of Mount Prospect, this classic 1927 residence enjoys an exceptional setting near St. Raymond School, Weller Creek and Park, and the Mount Prospect Golf Club. Offering over 3,000 square feet of living space Plus a full finished basement, the home is rich in character and historic charm, reflecting decades of thoughtful care. The interior was lovingly remodeled in the early 1990s with great respect for the home's original architectural integrity, preserving its timeless appeal and historic value. Hardwood flooring runs throughout much of the home, and a four-season room seamlessly connects to the main living area, providing additional flexible space to enjoy year-round. Important mechanical updates include a new roof installed approximately two years ago, along with a boiler and water heater replaced around ten years ago. While the home does require updating, it presents an outstanding opportunity for those looking to restore, enhance, or reimagine a truly special property. Currently tenant-occupied, the home is leased through the end of July 2026, with occupancy available August 1, 2026. This makes it an excellent option for investors seeking a property in a prime location with strong long-term potential. A rare chance to own a historic home with substance, setting, and significant upside. Property being sold As Is.

Interior Details

Square Feet
  • 2549

Bedrooms
  • 5

Bathrooms
  • 2.5

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Hot Water

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Finished

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 8040

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Detached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    2

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 2

Style
  • N/A

Exterior
  • Wood

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2018

$11,521

$4,422

$36,674

--%

$41,096

2017

$11,571

$4,422

$36,674

--%

$41,096

2016

$10,917

$4,422

$36,674

--%

$41,096

2015

$9,293

$3,618

$33,725

--%

$37,343

2014

$8,946

$3,618

$33,725

--%

$37,343

2012

$7,833

$4,221

$37,223

--%

$41,444

2011

$7,194

$4,221

$37,223

--%

$41,444

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Average Home Price in 60056

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$711,794

4 Beds

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9,000 Lot (sqft)

Sold 09/10/2026

$652,823

4 Beds

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Sold 09/05/2026

$672,667

5 Beds

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2,510 Sqft

8,520 Lot (sqft)

Sold 05/25/2026

$653,392

5 Beds

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10,500 Lot (sqft)

Sold 10/13/2026

$515,000

5 Beds

3.5 Baths

2,279 Sqft

7,800 Lot (sqft)

Sold 10/26/2026

$871,060

3 Beds

3.5 Baths

2,616 Sqft

7,850 Lot (sqft)

Sold 10/27/2026

$599,000

4 Beds

2.5 Baths

2,563 Sqft

12,913 Lot (sqft)

Sold 10/27/2026

$899,434

4 Beds

2.5 Baths

2,615 Sqft

7,392 Lot (sqft)

Sold 10/26/2026

$735,000

5 Beds

2.5 Baths

2,549 Sqft

8,040 Lot (sqft)

Sold 10/27/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
735,000
$
Down payment
147,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
4,410
$
HOA (Monthly)
0
$
PMI
0
$
$4,758
Your Payment
Total Monthly Payment:$4,758
Percent of Income:82%
Affordable:No

Details for 502 S I OKA AVE

Property Debt

Foreclosure Contact Details