501 S School ST, Mount Prospect, IL 60056
501 S School ST, Mount Prospect, IL 60056
501 S School ST, Mount Prospect, IL 60056
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Doug Anderson

Doug Anderson

+1(847) 687-3424
$3,700
3 Beds
1.5 Baths
1,517 SqFt
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Key Details

Property Type Other Rentals

Sub Type Residential Lease

Listing Status Active

Purchase Type For Rent

Square Footage 1,517 sqft

MLS Listing ID 12646756

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1963

Available Date 2026-06-01

Lot Dimensions 69X131X73X131

Property Sub-Type Residential Lease

Property Description

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.

Location

State IL

County Cook

Area Mount Prospect

Rooms

Basement Finished, Partial, Daylight

Interior

Interior Features Quartz Counters

Heating Natural Gas, Forced Air

Cooling Central Air

Flooring Hardwood

Equipment TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump, Water Heater-Gas

Furnishings No

Fireplace N

Appliance Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal

Laundry Gas Dryer Hookup, In Unit

Exterior

Garage Spaces 2.5

Community Features Sidewalks

Utilities Available Cable Available

Roof Type Asphalt

Building

Lot Description Corner Lot, Landscaped

Dwelling Type Residential Lease

Building Description Brick,Cedar, No

Sewer Public Sewer

Water Lake Michigan

Level or Stories Split Level

Structure Type Brick,Cedar

Schools

Elementary Schools Lions Park Elementary School

Middle Schools Lincoln Junior High School

High Schools Prospect High School

School District 57 , 57, 214

Others

Special Listing Condition None

Pets Allowed Additional Pet Rent, Cats OK, Deposit Required, Dogs OK, Number Limit, Size Limit

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Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Stewart Ramirez of  E- Signature Realty 
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Doug Anderson

Doug Anderson

Designated Managing Broker

+1(847) 687-3424

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501 S School ST