501 East Prospect Avenue

501 East Prospect Avenue is a condo located in Elk Grove, Mount Prospect. The building was first built in 1965 and is 59 years old. In total, 501 East Prospect Avenue has a total floor area of 1,176 square feet. 501 East Prospect Avenue has a total of 2 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 9 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 172 days and tend to sell below the original asking price of $97,000 by 4.90%. Meaning, listings tend to sell at a median of $114 price per square foot. The transaction that took the longest to complete was unit 2K, listed on Jul 04, 2020 for $99,900. This particular unit ultimately sold 172 days later for $95,000. The most recent transaction was for unit 1C, sold for $89,000 on Dec 31, 2020. Fun fact, the oldest transaction we have on record took place on Jun 03, 1994. See the full transaction history for 501 East Prospect Avenue below.

Elk Grove, where 501 East Prospect Avenue is located, has a median asking price of $167,000 for condo buildings. Meanwhile, the building itself has a median asking price of $97,000. For interested buyers, that means the building's median asking price is around 0.42% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.