502 S I Oka Avenue Mount Prospect IL 60056 MLS #MRD12539977

MLS #MRD12539977 image #0
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.

Property Details

Price:
$785,000
MLS #:
MRD12539977
Status:
Active
Beds:
4
Baths:
4
Type:
Single Family
Neighborhood:
mountprospect
Listed Date:
Feb 6, 2026
Finished Sq Ft:
3,031
Year Built:
1927
Parking TotalMount ProspectMountprospectLions Park Elementary SchoolLincoln Junior High SchoolProspect High School

Schools

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

Interior

Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Window Unit(s)
Fireplaces Total
1
Heating
Baseboard, Radiator(s)

Exterior

Construction Materials
Cedar
Garage Spaces
1
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
1
Parking Total
1

Financial

HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2024
Taxes
$16,203

Listing Agent & Office

Bryan Nelson
Baird & Warner

See this Listing

Send
  

Mortgage Calculator

 

Map

Similar Listings Nearby

broker reciprocity
MLS# MRD12605089broker reciprocity
703 N Gibbons Avenue
Arlington Heights, IL

$999,700

2.5 miles away

broker reciprocity
MLS# MRD12514450broker reciprocity
9630 Reding Circle
Des Plaines, IL

$995,000

4.0 miles away

broker reciprocity
MLS# MRD12471498broker reciprocity
805 S Tures Lane
Des Plaines, IL

$925,000

3.4 miles away

broker reciprocity
MLS# MRD12591289broker reciprocity
1007 Wildwood Lane
Mount Prospect, IL

$910,000

1.6 miles away

broker reciprocity
MLS# MRD12571692broker reciprocity
500 N Fairview Avenue
Mount Prospect, IL

$880,000

1.3 miles away

broker reciprocity
MLS# MRD12612194broker reciprocity
681 Castlerea Lane
Des Plaines, IL

$879,900

2.2 miles away

broker reciprocity
MLS# MRD12602630broker reciprocity
421 W Hawthorne Street
Arlington Heights, IL

$859,000

3.3 miles away

broker reciprocity
MLS# MRD12613423broker reciprocity
2019 E Avon Lane
Arlington Heights, IL

$850,000

3.5 miles away

broker reciprocity
MLS# MRD12595481broker reciprocity
55 WILLOW Road
Wheeling, IL

$845,500

3.4 miles away

broker reciprocity
MLS# MRD12591812broker reciprocity
700 Florence Drive
Park Ridge, IL

$829,900

4.9 miles away

502 S I Oka Avenue
Mount Prospect, IL