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502 S I Oka Avenue Mount Prospect, IL 60056

$785,000
Active / MLS# 12539977 / Residential - Single Family / Mount Prospect
4 Beds
3 Baths
1 Half Bath
3031 SqFt

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.

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Baird & Warner Jeffrey Schwartz Email

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Estimated Payment

$ 3,323.65 per month $1,744.44 Principal & Interest $1,350.25 Property Tax $228.96 Homeowner's Insurance
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Property Details

Property Type: Residential - Single Family
Basement: Partially Finished, Full
Basement: Yes
Cooling: Window Unit(s)
Fireplaces: 1
Garage: 1
Heating: Baseboard, Radiator(s)
Lot Size: 0.18 Acres
Taxes: $16,203
Year Built: 1927

Feature Descriptions

Additional rooms: Office, Recreation Room, Heated Sun Room, Walk In Closet
Association Includes: None
Exterior: Cedar
Fireplace Location(s): Living Room
Lot Dimensions: 61x130x61x134
Parcel#: 08114190130000
Parking: Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 11
Township: Elk Grove
Water: Public

Room Information

Office: 12X10
Recreation Room: 14X14
Heated Sun Room: 11X17
Walk In Closet: 6X8
Bedroom 2: 10X9
Bedroom 3: 11X11
Bedroom 4: 12X10
Dining Room: 14X9
Family Room: 20X13
Kitchen: 10X9
Laundry: 6X6
Living Room: 16X15
Primary Bedroom: 13X13

Schools

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

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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