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501 School Street

Mount Prospect, IL 60056
Directions
3beds
1.5baths
1,517sqft
Anything from "is it priced right?" to "what's the catch?"

About this home

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.
MLS Description — as provided by the listing brokerage.

The facts

Property typeResidential Lease
Year built1963
Age band61-70 Years
Bathrooms1 full + 1 half
Garage spaces2.5
Total parking2
Lot dimensions69X131X73X131
AreaMount Prospect
Bedrooms (total)3
First listedMay 13, 2026
CountyCook
MLS #MRD12646756
Days on market1
Photos34

Schools

ElementaryLions Park Elementary School
Middle / JuniorLincoln Junior High School
High schoolProspect High School

Features

Heating
Natural GasForced Air
Cooling
Central Air
Appliances
RangeMicrowaveDishwasherRefrigeratorWasherDryerDisposal
Parking
AsphaltGarage Door OpenerYesGarage OwnedDetachedGarage
Utilities
Cable Available
Construction
BrickCedar
Lot features
Corner LotLandscaped
Patio / porch
Patio
Other equipment
TV-CableCO DetectorsCeiling Fan(s)Sump PumpWater Heater-Gas
Sewer
Public Sewer
Listed by
E- Signature Realty
Stewart Ramirez · 773-988-1710

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 5/13/2026, 1:28:04 PM. All data should be independently verified.

3 bd · 2 ba · 1,517 sqft
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