502 S Louis Street
Mount Prospect, IL, 60056
$625,000
3 Beds
3 Baths
1,340 SqFt
0.17 Acres
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MLS #MRD12639656 image #0
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!!

Property Details

Price:
$625,000
MLS #:
MRD12639656
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Neighborhood:
mountprospect
Listed Date:
May 6, 2026
Finished Sq Ft:
1,340
Year Built:
1958
RanchPoolParking TotalCommunity Club HouseMount ProspectMountprospectLions Park Elementary SchoolLincoln Junior High SchoolProspect High School

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Schools

School District:
214
Elementary School:
Lions Park Elementary School
Middle School:
Lincoln Junior High School
High School:
Prospect High School

Interior

Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Fireplaces Total
1
Flooring
Hardwood
Heating
Natural Gas, Forced Air
Interior Features
Wet Bar, 1st Floor Bedroom, 1st Floor Full Bath
Laundry Features
Gas Dryer Hookup

Exterior

Architectural Style
Ranch
Community Features
Clubhouse, Park, Pool, Sidewalks, Street Paved
Construction Materials
Brick
Fencing
Fenced
Garage Spaces
1
Parking Features
Concrete, Garage Door Opener, Yes, Garage Owned, Attached, Garage
Parking Spots
1
Parking Total
1
Patio And Porch Features
Patio
Roof
Asphalt

Financial

HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2025
Taxes
$10,383

Map

Community

Market Summary

Current real estate data for Single Family in Mount Prospect as of May 15, 2026
85
Single Family Listed
30
Avg DOM
309
Avg $ / SqFt
$545,193
Avg List Price

Property Summary

    502 S Louis Street Mount Prospect IL is a Single Family for sale in Mount Prospect, IL, 60056. It is listed for $625,000 and features 3 beds, 3 baths, and has approximately 1,340 square feet of living space, and was originally constructed in 1958. The current price per square foot is $466. The average price per square foot for Single Family listings in Mount Prospect is $309. The average listing price for Single Family in Mount Prospect is $545,193.

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502 S Louis Street
Mount Prospect, IL