$785,000

beds

baths

half bath

3,031

square ft

502 S I Oka Avenue

Mount Prospect, Illinois 60056

New / MLS #12539977 / Single Family / Mount Prospect

Listing information updated 2/8/2026 at 6:03am

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.

Full Features

Exterior Type:

Cedar

Basement:

Partially Finished,Full

Beds Above Grade:

Cooling System:

Window Unit(s)

Heating System:

Baseboard, Radiator(s)

Main Level Primary Bedroom:

Fireplace:

Yes

Pool:

Age:

91-100 Years

Parking Type:

Garage - Yes,Garage Owned,Detached,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

3,031

Lot Size:

Less Than .25 Acre

Acreage:

0.185

Room Information

Living Room:

16x15 - Main

Dining Room:

14x9 - Main

Kitchen:

10x9 - Main

Family Room:

20x13 - Main

Primary Bedroom:

13x13 - Second Level

2nd Bedroom:

10x9 - Second

3rd Bedroom:

11x11 - Second

4th Bedroom:

12x10 - Second

Office:

12x10 - Basement Level

Recreation Room:

14x14 - Basement Level

Heated Sun Room:

11x17 - Main Level

Walk In Closet:

6x8 - Second Level

Laundry:

6x6 - Basement Level

Taxes & Assessments

Tax Amount:

$16,203

Tax Year:

2024

Location

Zip Code:

60056

City:

Mount Prospect

County:

Cook

Schools

School District(s):

57, 214

Elementary School:

Lions Park Elementary School

Middle School:

Lincoln Junior High School

High School:

Prospect High School

Exterior Type:

Cedar

Basement:

Partially Finished,Full

Beds Above Grade:

Cooling System:

Window Unit(s)

Heating System:

Baseboard, Radiator(s)

Main Level Primary Bedroom:

Fireplace:

Yes

Pool:

Age:

91-100 Years

Parking Type:

Garage - Yes,Garage Owned,Detached,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

3,031

Lot Size:

Less Than .25 Acre

Acreage:

0.185

Living Room:

16x15 - Main

Dining Room:

14x9 - Main

Kitchen:

10x9 - Main

Family Room:

20x13 - Main

Primary Bedroom:

13x13 - Second Level

2nd Bedroom:

10x9 - Second

3rd Bedroom:

11x11 - Second

4th Bedroom:

12x10 - Second

Office:

12x10 - Basement Level

Recreation Room:

14x14 - Basement Level

Heated Sun Room:

11x17 - Main Level

Walk In Closet:

6x8 - Second Level

Laundry:

6x6 - Basement Level

Tax Amount:

$16,203

Tax Year:

2024

Zip Code:

60056

City:

Mount Prospect

County:

Cook

School District(s):

57, 214

Elementary School:

Lions Park Elementary School

Middle School:

Lincoln Junior High School

High School:

Prospect High School

Listing Office: Baird & Warner

Listing Office Phone: 847.392.1855

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 2/8/2026 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.