501 S School Street Mount Prospect, IL $ 3,700
501 S School Street
$ 3,700
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501 S School Street

Mount Prospect, IL, 60056
$ 3,700
Bedrooms3 Baths1.1 Sq 1,517
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Property for Rent in Mount Prospect, IL

for $3,700 with 3 bedrooms and 1 full bath, 1 half bath. This 1,517 square foot property was built in 1963.

LOCATION, LIFESTYLE, AND A VIEW THAT KEEPS GETTING BETTER. Welcome to this beautifully maintained 3-4 bedroom home (with potential to convert the finished lower level into a 4th bedroom), perfectly positioned directly across the street from Lions Memorial Park, offering open, unobstructed views of expansive green space and a setting that feels both peaceful and connected. From the moment you arrive, you'll notice the care and pride of ownership-from the newly sided garage to the enhanced landscaping that elevates curb appeal and creates a warm, inviting exterior. Inside, natural light pours into the open-concept living and dining areas, creating a bright and welcoming atmosphere ideal for both everyday living and entertaining. The kitchen, pantry, and main-level bath were fully renovated in 2020 with thoughtful, high-quality finishes, including updated flooring, new windows, stainless steel appliances, concealed dishwasher, custom cabinetry, modern lighting, and sleek quartz countertops-blending style and functionality seamlessly. Upstairs, you'll find well-appointed bedrooms and a full bath, while the finished lower level offers incredible flexibility-whether you envision a spacious recreation room, home office, workout space, or a future 4th bedroom. With an existing layout that includes a laundry area and a storage room already pipe-fitted for a bathroom, the potential here is real. Step outside and the lifestyle truly comes alive. Living across from Lions Memorial Park means instant access to walking paths, playgrounds, sports courts, baseball fields, and the beloved Bandshell, where summer concerts and community events bring the neighborhood together. The park is also in the midst of a major multi-million dollar transformation, adding even more value and long-term appeal to this already prime location. And when you're ready to explore, you're just a short walk to downtown Mount Prospect-where restaurants, coffee shops, a grocery store, the public library, Metra station, and year-round events create that perfect small-town feel with everyday convenience. This isn't just a home-it's a lifestyle rooted in community, walkability, and a location that continues to grow in value. Come experience it for yourself.

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Rental Active

Price

$ 3,700

Bedrooms

3

Full Bath

1

Half Bath

1

Taxes

$ 0

Style

Year Built

1963

Town/City

Mount Prospect

County/Region

Cook

MLS | Web ID

12646756

Features
General
Living Area 1517
Sewer Public Sewer
Heating Natural Gas Forced Air
Cooling Central Air
Utilities Cable Available
Possession Negotiable
Roof Asphalt
Appliances Range Microwave Dishwasher Refrigerator Washer Dryer Disposal
Garage Spaces 2.5
Construction Materials Brick Cedar
Pets Allowed Additional Pet Rent Cats OK Deposit Required Dogs OK Number Limit Size Limit
Year Built 1963
Electric Circuit Breakers Service - 60 Amp
Township Elk Grove
Community Features Sidewalks
County Cook
Property Type Residential Lease Residential Lease
Rent Includes None
Total Rooms 8
Full Baths 1
Status New
Directions Council Trail E. of Elmhurst to School N to 501
High School Prospect High School
City Mount Prospect
High School District 214
MLS Area Mount Prospect
Elementary School Lions Park Elementary School
Middle/Junior High School Lincoln Junior High School
Availability Date 2026-06-01
Standard Status Active
Middle/Junior School District 57
Elementary School District 57
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Interior
Interior Amenities Quartz Counters
Basement Finished Partial Daylight
Flooring Hardwood
Furnished Y/N No
Half Baths 1
Laundry Features Gas Dryer Hookup In Unit
Total Bedrooms 3
Room Type Storage Play Room Walk In Closet
Total Baths 2
Bedrooms Possible 3
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Exterior
Parking Features Asphalt Garage Door Opener Yes Garage Owned Detached Garage
Lot Features Corner Lot Landscaped
Water Source Lake Michigan
Total Parking 2.5
Foundation Details Concrete Perimeter
Lot Dimensions 69X131X73X131
Waterfront Y/N N
Other Equipment TV-Cable CO Detectors Ceiling Fan(s) Sump Pump Water Heater-Gas
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* Excluded Features
List By
E- Signature Realty

Broker

stewartramirez66@gmail.com

Email

Nearby
567802 Elementary School
566978 Middle School
Prospect High School High School
Pricing History
Date Price Price Change Description
5/13/2026 $3,500 Listed Price

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501 S School Street, Mount Prospect, IL, 60056 is a Property for Rent at $3,700 with 1,517 sqft. 501 S School Street has 3 bedrooms, 1.1 baths, and was built in 1963. The property's zip code is 60056 which is in Mount Prospect, IL