502 S I Oka Avenue, Mount Prospect, IL

$785,000

Overview

  • 142171
  • Property ID
  • Updated On:
  • April 15, 2026
  • 4
  • Bedrooms
  • 4
  • Bathrooms
  • 3,031 ft2
  • Property Size
  • 0 ft2
  • Property Lot Size

Description

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 (unless the lease is extended). 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.

Bathrooms
3+
Bedrooms
4
Climate Control
Air Conditioning
Heating
Floor Area
3,000+ sqft
Garden
Yes
Parking
Garage
Other Features
Baseboard
Cedar
Detached
Garage Owned
Public
Public Sewer
Radiator(s)
Window Unit(s)

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$4,024.85
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 3,043.60

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Information for the property at 502 S I Oka Avenue, Mount Prospect, IL, 60056 (Property ID: 142171) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi