502 S Louis Street
Mount Prospect, IL, 60056 $ 625,000
Bedrooms3 Baths2.1 Sq 1,340 Monthly Estimate*
$ 3,848
for $625,000 with 3 bedrooms and 2 full baths, 1 half bath. This 1,340 square foot home was built in 1958 on a lot size of 0.1661.
Location, location, location-this beautifully renovated 3 bedroom, 2.5 bath home offers the perfect blend of modern luxury, timeless finishes, and unmatched walkability. A full, high-quality renovation was completed in 2020, bringing all major systems and interior spaces up to today's standards. The home features a completely updated HVAC system with new furnace and air conditioning installed in 2020, all new electrical wiring and service completed the same year and fully replaced plumbing throughout. The kitchen was redesigned in 2020 with new cabinetry, stainless steel appliances, quartz countertops, and a full height quartz backsplash, creating a clean, contemporary space ideal for cooking and entertaining. The primary suite includes a beautifully updated bathroom with heated marble floors, while the half bath also features marble flooring for a cohesive, upscale feel. Hardwood floors run throughout the main living areas, adding warmth and character. The finished basement offers additional living and entertaining space with tile flooring, a full shower, and a striking MSI natural stone feature wall and bar. The gas fireplace on the main level provides a cozy focal point and can be converted back to woodburning if desired. Exterior improvements continued into 2022, including the installation of a 50year GAF designer slate style roof, along with new aluminum gutters, soffit, and fascia. A new garage door and opener were added in 2020, completing the home's mechanical and structural updates and offering true peace of mind for years to come. The location is exceptional-just a 12 minute walk to the Metra station and the vibrant downtown district filled with restaurants, shops, and local amenities. Both Caputo's and Mariano's are within walking distance, making daily errands effortless. The highly anticipated Lions Park redevelopment, including a new pool and community facilities, is coming soon and will further enhance the neighborhood's appeal. The home is located in the award-winning District 214, feeding into sought after Prospect High School. This is a rare opportunity to own a fully renovated home in one of the area's most desirable and walkable locations, with every major update already completed and thoughtfully designed. Come make this great home your own!!
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FeaturesGeneralLiving Area 1340
Sewer Public Sewer
Heating Natural Gas Forced Air
Cooling Central Air
Possession Closing
Roof Asphalt
Appliances Range Dishwasher Refrigerator Washer Dryer
Garage Spaces 1
Association Fee Includes None
Architectural Style Ranch
Construction Materials Brick
Year Built 1958
Electric Circuit Breakers
Township Elk Grove
Tax Year 2025
Ownership Fee Simple
Community Features Clubhouse Park Pool Sidewalks Street Paved
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Detached Single
Total Rooms 6
Full Baths 2
Status Price Change
Directions Northwest Hwy to Mt. Prospect Rd south to Prospect W to Edward S to Shabonee Trail W to Louis S
High School Prospect High School
City Mount Prospect
High School District 214
MLS Area Mount Prospect
Elementary School Lions Park Elementary School
Tax Annual Amount 10383
Middle/Junior High School Lincoln Junior High School
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 57
Elementary School District 57
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InteriorInterior Amenities Wet Bar 1st Floor Bedroom 1st Floor Full Bath
Basement Finished Stone/Rock Full
Flooring Hardwood
Total Fireplaces 1
Fireplace Features Wood Burning
Half Baths 1
Laundry Features Gas Dryer Hookup
Total Bedrooms 3
Room Type Utility Room-Lower Level
Total Baths 3
Bedrooms Possible 3
Bathroom Separate Shower Bidet
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ExteriorModel RANCH
Parking Features Concrete Garage Door Opener Yes Garage Owned Attached Garage
Water Source Lake Michigan
Total Parking 1
Foundation Details Concrete Perimeter
Lot Dimensions 54X134
Lot Size Acres 0.1661
Waterfront Y/N N
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* Excluded FeaturesList ByHomesmart Connect LlcBroker
brad@bradfoxgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,848
- Monthly Property Taxes
- $865
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Mount Prospect, IL
Average List Price $568,750
Percent of Sale Price 9%
About Mount Prospect, IL 53,442 Population
-4% Since 2002
$ 71,097 Median Income
41.58 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
567802 Elementary School
566978 Middle School
Prospect High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/12/2026 | $625,000 | -3.85% | Price Down |
| 5/6/2026 | $650,000 | | Listed Price |