501 S School Street — Mount Prospect, IL 60056
Closed
Mount Prospect, IL 60056

501 S School Street

$0
3 beds · 2 baths · 1,517 sqft
8 days on market
01About 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.

02Inside the home
03By the numbers
$0
List price
1,517
Square feet
3
Bedrooms
1 full / 1 half
Bathrooms
1963
Year built
Lot size
2.5
Garage spaces
Annual taxes
Residential Lease
Style
8
Days on market
04Features
Heating
Natural GasForced Air
Cooling
Central Air
Appliances
RangeMicrowaveDishwasherRefrigeratorWasherDryerDisposal
Parking
AsphaltGarage Door OpenerGarage OwnedDetachedGarage
Construction
BrickCedar
Equipment
TV-CableCO DetectorsCeiling Fan(s)Sump PumpWater Heater-Gas
Sewer
Public Sewer
05Neighborhood
This home EElementary schoolMMiddle schoolHHigh school
E Elementary school
Lions Park Elementary School
Mount Prospect, IL
📍<0.1 mi🚗1 min🚶2 min
M Middle school
Lincoln Junior High School
Mount Prospect, IL
📍24 mi🚗62 min
H High school
Prospect High School
Mount Prospect, IL
📍1.7 mi🚗4 min🚶41 min
  • Big Surf Concession Stand 600 ft
  • Mrs. P & Me 0.4 mi
  • Emerson's Ale House 0.5 mi
  • Subway 0.5 mi
  • House of Szechwan 0.5 mi
  • Canta Napoli 0.5 mi
  • Angelo Caputo's Fresh Markets 0.3 mi
  • Shell 0.5 mi
  • Mariano's Fresh Market 0.7 mi
  • Marathon 0.7 mi
  • Citgo 0.8 mi
  • 7-Eleven 0.8 mi
  • Lions Park 200 ft
  • Owen Park 0.5 mi
  • Sunrise Park 0.5 mi
  • St. Paul Park 0.5 mi
  • Dimucci-Lowenberg Park 0.5 mi
  • Busse Pocket Park 0.6 mi
  • Starbucks 0.5 mi
  • Le Peep Cafe 0.5 mi
  • Scooter's Coffee 0.7 mi
  • Dunkin' 0.7 mi
  • Dunkin' 1.0 mi
  • Illusion Cafe 1.4 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

May 13, 2026
Listed for saleThis listing
E- Signature Realty
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

Real answers about this home — pricing, schools, what to ask, anything.

08See it for yourself

Stand in the kitchen.
See the light at 4pm.

Photos can only do so much. Pick a time — we'll meet you at the door.

Connect with Ewelina, Anna, or Nadeem — real people on our team, no call centers.
09Similar homes
Listed by E- Signature Realty · Stewart Ramirez · 773-988-1710
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12646756
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