Mount Prospect Homes under $500,000

Welcome to Mount Prospect, Illinois—a charming suburban gem nestled in Cook County, just 25 miles northwest of downtown Chicago. This vibrant community boasts a rich history, picturesque parks, and a welcoming atmosphere that makes it an ideal place for families, young professionals, and retirees alike. With its excellent schools, convenient access to public transportation, and a variety of shopping and dining options, Mount Prospect offers a perfect blend of suburban tranquility and urban convenience.

For those seeking affordable housing options, Mount Prospect has a diverse selection of homes priced under $500,000. Whether you’re a first-time buyer looking for a cozy starter home or a growing family in need of more space, this area has something for everyone. From charming bungalows and classic two-stories to modern townhouses, you’ll find well-maintained properties that cater to various tastes and lifestyles. Many of these homes feature beautiful yards, updated interiors, and proximity to local amenities, making them a smart investment for your future.

In addition to its appealing real estate, Mount Prospect is known for its strong sense of community. Residents enjoy year-round events, including farmers' markets, summer concerts in the park, and seasonal festivals that bring neighbors together. With its friendly vibe and an abundance of recreational opportunities, including parks, sports leagues, and a top-notch library, Mount Prospect truly embodies the essence of suburban living.

Explore the possibilities of calling Mount Prospect home, where affordability meets charm, and every day feels like a new adventure!

Newest Mount Prospect Homes under $500,000

$407,000

3 Beds ⋅ 3 Baths ⋅ 12794956 MLS ⋅ NEW Status

Located in the desirable Colony Country community and set along the Old Orchard Golf Course, this updated townhome with a freshly renovated basement offers a thoughtful blend of modern elegance, comfort, and everyday functionality. Hardwood floors anchor the main living spaces, creating a warm and cohesive flow throughout the home. The kitchen features granite countertops and opens seamlessly to the surrounding living and dining areas, making it well-suited for both daily living and entertaining. A stone fireplace serves as a natural focal point, adding character and warmth to the main level. The home feels bright and spacious, with a layout designed to maximize gathering space while maintaining practical storage throughout. Upstairs, you'll find three bedrooms, offering flexibility for family living, guests, or home office needs. The basement is a brand-new renovation and offers versatile additional space for entertaining and hobbies. Situated within a golf course community, residents enjoy the convenience of walking access to Old Orchard Golf Course, along with the quiet, established setting that defines Colony Country. This well-maintained townhome delivers a balance of style, space, and location in a sought-after neighborhood.

105 W Dover Drive, Mount Prospect

1400 N Elmhurst Road Unit #119, Mount Prospect

$269,900

2 Beds ⋅ 2 Baths ⋅ 12794943 MLS ⋅ NEW Status ⋅ Orchard Vale BLDG.

1400 N Elmhurst Road Unit #119, Mount Prospect

$450,000

4 Beds ⋅ 2 Baths ⋅ 12792606 MLS ⋅ NEW Status

Spacious home featuring an open floor plan, updated kitchen, and finished walk-out lower level. The kitchen offers 42-inch cabinets, granite countertops, ceramic tile flooring, and a breakfast bar overlooking the dining area. Sliding glass doors lead to a deck overlooking the fenced backyard. Updated bathrooms include double sinks, granite countertops, and a whirlpool tub. The finished lower level features a spacious family room, additional bedroom, and access to a large patio. Additional highlights include an attached two-car garage, mature landscaping, and a large storage shed. Great opportunity with plenty of indoor and outdoor space!

1113 S Cherrywood Drive, Mount Prospect

301 W Lonnquist Boulevard, Mount Prospect

$465,000

4 Beds ⋅ 2 Baths ⋅ 12792735 MLS ⋅ NEW Status

Classic brick charm, thoughtful updates, and a location that brings so much of Mount Prospect within reach! Situated in the desirable Country Club neighborhood, this beautifully maintained 4-bedroom, 2-bath Cape Cod offers timeless character with many of the major improvements already completed. Step inside to find hardwood floors, an inviting living room with a fireplace, and French doors opening to the patio. The remodeled eat-in kitchen features maple cabinetry, granite countertops, updated appliances, and a recently installed dishwasher. Upstairs, beautifully remodeled bathrooms bring a fresh, modern touch to the home's classic design. Additional improvements include a recently installed furnace and central air conditioning system, newer windows, professional tuckpointing, and a newer Trex deck. The partially finished basement provides additional living space with a recreation room, utility area, and plenty of flexibility for storage, hobbies, or a home gym. Outside, enjoy a fully fenced backyard, brick paver walkway, and detached 2-car garage. Beyond the home itself, the location is another standout feature! Enjoy the established, tree-lined streets of the Country Club neighborhood, with Mount Prospect Golf Club, Lions Memorial Park, Sunset Park, and We-Go Park nearby. Downtown Mount Prospect offers a great selection of local restaurants, coffee shops, boutiques, and community events, including favorites like Emerson's Ale House. Additional shopping, dining, and entertainment can be found at Randhurst Village, while nearby grocery options include Angelo Caputo's Fresh Markets and other neighborhood stores. Commuters will appreciate access to the Mount Prospect Metra station, Northwest Highway, Elmhurst Road, and major expressways. With its combination of character, recent improvements, generous outdoor space, and access to some of Mount Prospect's favorite amenities, this home offers much more than meets the eye. Schedule your showing and experience it for yourself!

301 W Lonnquist Boulevard, Mount Prospect

$430,000

3 Beds ⋅ 2 Baths ⋅ 12790301 MLS ⋅ NEW Status

Welcome to this spacious 3-bedroom, 2-bath condo in the desirable Old Orchard Country Club community of Mount Prospect! This inviting second-floor residence offers an open, airy layout with vaulted ceilings, abundant natural light, and a cozy fireplace. The updated kitchen features stainless steel appliances, granite countertops, a breakfast bar, and a generous walk-in pantry. Enjoy a separate dining area, spacious living room, and private balcony perfect for relaxing or entertaining. The primary suite offers ample closet space and a beautifully updated en-suite bathroom. Additional highlights include two generously sized bedrooms, a dedicated laundry room with full-size washer and dryer, and an attached one-car garage. Residents enjoy access to community amenities, including a swimming pool. Conveniently located near shopping, dining, parks, and major transportation routes, this home offers the perfect combination of space, comfort, and convenience!

1404 Plum Court Unit #C, Mount Prospect

$495,000

4 Beds ⋅ 2 Baths ⋅ 12789791 MLS ⋅ NEW Status

Welcome Home to 102 Stratford Pl, a cherished home that has been lovingly cared for by the same owners for nearly 40 years. Lying on a private, park-like .46 acre estate lot in desirable Wedgewood Terrace, this ~2,000 sq. ft. sprawling Ranch home offers space, character, and endless potential. Southern-facing / flooded with natural light / a large & cozy living room complete with a wood-burning fireplace and beautiful hardwood floors is the first impression off the large tiled foyer. The separate dining room offers ample space to host large gatherings while open enough to make hosting super simple. The large open kitchen includes solid wood cabinetry, stainless steel refrigerator & gas Range, with plenty of space for a table and option to expand into the Living Room. Continuing to the sleeping quarters: three good sized bedrooms come with large closets plus a fourth bedroom off the garage that makes an ideal home office or den. One Full Bath includes a tub, multiple pendant lights, and huge vanity to accommodate 2 sinks with another 1/2 Bath off the Kitchen that offers enough space to expand. Additional highlights include the massive Mud Room/ Laundry Area with tons of Storage, the attached 2-Car garage, Screened in Back Yard Porch, Beautifully Landscaped Yard with Mature Trees, bench, and shed. 106' x 190' lot in in one of the Top School Districts, this home presents a rare opportunity to put down roots in one of Mount Prospect's most sought-after areas; all within Blocks from Randhurst Village, Minutes to Downtown Mt Prospect, Metra Station, Rob Roy GC, and Endless Shopping. Whether you plan to downsize or expand the floor plan to fit your own needs, this presents a fantastic opportunity to customize and add value.

102 W Stratford Place, Mount Prospect

502 W Huntington Commons Road Unit #438, Mount Prospect

$267,900

2 Beds ⋅ 2 Baths ⋅ 12791799 MLS ⋅ NEW Status ⋅ Huntington Commons BLDG.

EXTREMELY RARE AND UNIQUE ** 2 HEATED GARAGE PARKING SPOTS (#172-#173) **RARE OPPORTUNITY TO OWN A BEAUTIFULLY UPDATED 2-BEDROOM, 2-BATHROOM CONDO IN A SECURE ELEVATOR BUILDING. LOCATED ON THE 4TH FLOOR, WITH THE STUNNING POOL VIEWS, WITH ABUNDANT NATURAL LIGHT AND PRIVATE BALCONY. GREAT SIZE BEDROOMS WITH LAMINATE FLOORING, THIS INVITING HOME OFFERS TWO FULL UPGRADED BATHROOMS AND A NEWER CONTEMPORARY KITCHEN WITH NEWER QUARTZ COUNTERTOPS AND SS APPLIANCES. ADDITIONAL UPDATES INCLUDE NEWER INTERIOR DOORS AND A SPECIOUS WALK-IN CLOSET FOR EXCELLENT STORAGE. HUGE MASTER BEDROOM WITH DRESSING AREA AND UPDATED VANITY. THE SECURE BUILDING PROVIDES ADDED PEACE OF MIND, WHILE AMENITIES INCLUDE POOL, TENNIS, CLUBHOUSE, PONDS AND WALKING TRAILS. COMBINATION OF MODERN UPDATES, GENEROUS STORAGE, OUTDOOR SPACE, AND TWO PARKING SPACES MAKES THIS HOME A TRULY EXCEPTIONAL FIND. MOTIVATED SELLER

502 W Huntington Commons Road Unit #438, Mount Prospect

$449,900

3 Beds ⋅ 1 Baths ⋅ 12789377 MLS ⋅ NEW Status

Brick ranch with many recent improvements. Fully updated kitchen in 2025 with new cabinets, granite counter tops and SS appliances. Remodeled bath, refinished hardwood floors , recess can lighting and recently painted .fully fenced, large yard for outdoor activities. Side drive to two car garage with new roof and gutters. Custom, new window well covers. Newer windows throughout the house. Great location close to Metra. Close to downtown Mt Prospect. full size open finished basement. Overhead sewer with sump pump. Newer H2o tank.

317 S Louis Street, Mount Prospect

$475,000

3 Beds ⋅ 2 Baths ⋅ 12791198 MLS ⋅ ACTIVE Status

Enjoy the perfect blend of convenience and comfort in this beautiful 3-bedroom brick split-level. Boasting 2 full baths and a generous 2.5-car garage, this home is designed for easy living. The interior shines with a high-end kitchen finished with warm cherry cabinets, granite counters, and stainless steel appliances. Location is everything-you're less than a mile from the vibrant shopping, entertainment, and restaurants at Randhurst Shopping Center. Don't miss this opportunity to live in a charming home just minutes from the best of Mount Prospect!

801 E Greenwood Drive, Mount Prospect

10 S Wille Street Unit #301, Mount Prospect

$359,000

2 Beds ⋅ 2 Baths ⋅ 12790285 MLS ⋅ ACTIVE Status

Discover an exceptional opportunity in the sought-after Clock Tower Condominiums! This spacious 2-bedroom, 2-bath Glenwood model offers a comfortable and functional layout with hardwood flooring throughout the living and dining areas and ample storage throughout. The generous primary suite features a private bath, walk-in closet, additional second closet, and the convenience of an in-unit washer and dryer. Enjoy the outdoors on the impressive nearly 15' x 6' balcony, perfect for relaxing or entertaining. Additional highlights include heated garage parking (space #44), a separate storage area, elevator access, and off-street guest parking. Ideally situated near vibrant downtown Mount Prospect, with convenient access to restaurants, shopping, entertainment, the library, and the Metra station. Enjoy the convenience of condo living in a fantastic location! Property is an estate sale and is being offered in As-Is condition.

10 S Wille Street Unit #301, Mount Prospect

5 S Pine Street Unit #407B, Mount Prospect

$339,900

2 Beds ⋅ 1 Baths ⋅ 12790190 MLS ⋅ ACTIVE Status ⋅ Clock Tower BLDG.

**Welcome to The Shires of Clock Tower!!** - Beautifully maintained building in the heart of downtown Mount Prospect where comfort, style, and everyday convenience come together in this move-in ready fourth floor unit. This spacious 2-bedroom, 1-full-bathroom condo has been thoughtfully updated throughout. Wood Laminate flooring flows seamlessly through the living and dining areas, hallways, and bedrooms, and fresh neutral paint give the entire home a warm and inviting feel. The spacious eat-in kitchen is a standout, featuring white cabinetry, corian counters and stainless steel appliances. The open-concept layout flows effortlessly into the charming dining room and the expansive living room, where sliding doors lead to a large private balcony overlooking the scenic downtown views below. The primary suite offers a generous and deep walk-in closet. Second bedroom or office with full closet and a Large Hall Full bath. A walk-in entryway closet provides even more storage and a dedicated private storage unit conveniently located next too the heated underground garage parking space is perfect for storing bikes, decorations, or or just about anything. Additional highlights include in-unit washer and dryer, central air and radiant heat flooring throughout. The building impresses with beautifully landscaped grounds, and Gazebo, a stylish welcoming lobby, secure entry, two elevators, a monitored fire alarm and sprinkler system, and flexicore construction between floors hassle free quiet living. The monthly assessment covers heat, water, gas, lawn care, exterior maintenance, snow removal, and scavenger service - offering exceptional value and peace of mind. Conveniently located near the Metra station, the Mount Prospect library, Top rated Schools and the vibrant dining, shopping, coffee shops, Ice cream shop and community events that downtown Mount Prospect has to offer. This is downtown condo living at its finest - What are you waiting for!!

5 S Pine Street Unit #407B, Mount Prospect

1727 W Crystal Lane Unit #611, Mount Prospect

$290,000

3 Beds ⋅ 2 Baths ⋅ 12789101 MLS ⋅ ACTIVE Status

SPACIOUS 6TH FLOOR SUNNY END UNIT WITH LARGE SIZE BALCONY FACING WEST IN MARVELOUS CRYSTAL TOWERS! ALL 3 HUGE BEDROOMS COME WITH GOOD SIZE WALK IN CLOSETS. BALCONY OF THE LIVING ROOM, LARGE ENOUGH TO SET UP 4 CHAIRS AND A TABLE. KITCHEN WITH EAT IN BREAKFAST AREA. SECURE DOUBLE ELEVATOR BUILDING, NEW HEATING/COOLING SYSTEM LOCATED IN FURNACE CLOSET NEXT TO THE UNIT ENTRY DOOR WAS REPLACED IN DECEMBER, 2025. GATED ENTRANCE, SWIMMING POOL, CLUBHOUSE, TENNIS AND WALKING PATH AROUND THE POND. HEATED GARAGE. PLENTY OF VISITOR PARKING. CAGE STYLE STORAGE SPACES. POND WITH A WATERFALL IN THE MIDDLE OF THE COMPLEX. VERY CONVENIENT LOCATION, CLOSE TO SHOPPING, RESTAURANTS AND HIGHWAYS.

1727 W Crystal Lane Unit #611, Mount Prospect

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Mount Prospect Homes under $500,000

Newest Mount Prospect Homes under $500,000

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