$785,000

502 S I Oka Avenue, Mount Prospect, IL 60056

4 beds |
4 baths |
3,031 sqft

Single-Family Home
Built in 1927
8,059sqft lot
1 car garage
$259/sqft
Listed 7 days ago

Property 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.

Listing Status:: Active
Data Last Updated:: February 13, 2026 at 11:18PM
Listing Office:: Baird & Warner : 847-204-3353
Listing Agent:: Bryan Nelson : 847-204-3353
MLS ID:: 12539977

Rooms: OfficeRecreation RoomHeated Sun RoomWalk In Closet
Basement: Partially FinishedFull
A/C: Window Unit(s)
Heating: BaseboardRadiator(s)
Fireplace: Fireplaces: 1
Disability Feature: None

Parking: YesGarage OwnedDetachedGarageParking spaces: 1

General: 2 Stories

HOA Amenities: Not Applicable
Originating MLS: mred
School District: 57
County: Cook

Zoning: 08114190130000

Water: Public
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Bryan Nelson , Baird & Warner

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lions Park Elementary School

300 E Council Trl, Mount Prospect, IL, 60056

Grades 2-5

0.56 miles away

Lincoln Middle School

700 W Lincoln St, Mount Prospect, IL, 60056

Grades 6-8

0.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.