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Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12539977MLS Provider

502 S I Oka AvenueMount Prospect, IL 60056

Single Family · 4 Beds · 3 Full Baths · 1 Half Bath · 3,031 Sq. ft. | 0.19 Acres
$735,000 Active

502 S I Oka Avenue Overview

Time on Site:
143 days
Visits:
5

Rare Opportunity for a Historic 1927 Home with Endless Potential! Nestled in the highly desirable Country Club subdivision of Mount Prospect, this classic 1927 residence enjoys an exceptional setting near St. Raymond School, Weller Creek and Park, and the Mount Prospect Golf Club. Offering over 3,000 square feet of living space Plus a full finished basement, the home is rich in character and historic charm, reflecting decades of thoughtful care. The interior was lovingly remodeled in the early 1990s with great respect for the home's original architectural integrity, preserving its timeless appeal and historic value. Hardwood flooring runs throughout much of the home, and a four-season room seamlessly connects to the main living area, providing additional flexible space to enjoy year-round. Important mechanical updates include a new roof installed approximately two years ago, along with a boiler and water heater replaced around ten years ago. While the home does require updating, it presents an outstanding opportunity for those looking to restore, enhance, or reimagine a truly special property. Currently tenant-occupied, the home is leased through the end of July 2026, with occupancy available August 1, 2026. This makes it an excellent option for investors seeking a property in a prime location with strong long-term potential. A rare chance to own a historic home with substance, setting, and significant upside. Property being sold As Is.

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502 S I Oka Avenue Facts & Features

  • Type Single Family
  • Sq. ft. 3,031
  • Price/Sq.ft. $242
  • Lot 0.19 Acres

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None

School Information

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

Building Information

  • New Construction: No
  • Year Built: 1927

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Mount Prospect
  • Township: Elk Grove

Tax Information

  • Tax Annual Amount: $16,203.45
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 08114190130000
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 4
  • Bedrooms Total: 4
  • Bedrooms Possible: 4

Building Interior

  • Fireplace Location: Living Room

General Information

  • Basement: Partially Finished, Full
  • Cooling: Window Unit(s)
  • Fireplaces Total: 1
  • Heating: Baseboard, Radiator(s)
  • Living Area: 3031
  • Living Area Source: Appraiser
  • Rooms Total: 11

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Detached, Garage
  • Parking Total: 1

Lot Information

  • Lot Size Acres: 0.185
  • Lot Size Dimensions: 61x130x61x134
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Cedar

General Information

  • Sewer: Public Sewer

Room Information

Room: Laundry

  • Level: Basement
  • Dimensions: 6X6

Room: Office

  • Level: Basement
  • Dimensions: 12X10

Room: Recreation Room

  • Level: Basement
  • Dimensions: 14X14

Room: Dining Room

  • Level: Main
  • Dimensions: 14X9

Room: Family Room

  • Level: Main
  • Dimensions: 20X13

Room: Heated Sun Room

  • Level: Main
  • Dimensions: 11X17

Room: Kitchen

  • Level: Main
  • Dimensions: 10X9

Room: Living Room

  • Level: Main
  • Dimensions: 16X15

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 2

  • Level: Second
  • Dimensions: 10X9

Room: Bedroom 3

  • Level: Second
  • Dimensions: 11X11

Room: Bedroom 4

  • Level: Second
  • Dimensions: 12X10

Room: Master Bedroom

  • Level: Second
  • Dimensions: 13X13

Room: Walk In Closet

  • Level: Second
  • Dimensions: 6X8

502 S I Oka Avenue Neighborhood

Community

60056 (MOUNT PROSPECT) Demographics

41
Median Age
5,028
Population Density (per sq. mile)
51%
College Educated
$84,116
Estimated Median Income
14,403
Estimated Total Home Owners
6,386
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

502 S I Oka Avenue Monthly Cost

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$ %
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$
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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

502 S I Oka Avenue Market Data

Based on the last 30 days in this zip code

$470,193
Average List Price
$288
Average Price per Square Foot
45
Properties Sold
35
Average Days on Market
135
Properties for Sale
Calculations provided by Reliance Network

502 S I Oka Avenue History

Date Event Value Agent
5/25/2026Source: MRED Status Change
Active
5/20/2026Source: MRED Price Reduction
$735,000 -6.4%
5/20/2026Source: MRED Status Change
Price Change
2/11/2026Source: MRED Status Change
Active
2/6/2026Source: MRED Added to Database
February 06, 2026