502 S I Oka Avenue, Mount Prospect, IL 60056 (MLS # 12539977)

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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.

DAYS ON MARKET 63 LAST UPDATED 2/6/2026
YEAR BUILT 1927 COMMUNITY Mount Prospect
GARAGE SPACES 1.0 COUNTY Cook
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
School District Prospect High School
Elementary School Lions Park Elementary School
Jr. High School Lincoln Junior High School
High School Prospect High School


ADDITIONAL DETAILS
AIR Window Unit(s)
AIR CONDITIONING Yes
AREA Mount Prospect
BASEMENT Full, Partially Finished, Yes
CONSTRUCTION Cedar
FIREPLACE Yes
GARAGE Yes
HEAT Baseboard, Hot Water
INTERIOR Walk-In Closet(s)
LOT 8059 sq ft
LOT DIMENSIONS 61x130x61x134
PARKING Detached, Garage
SEWER Public Sewer
TAXES 16203.45
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Baird & Warner
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