Date
Details
Price
Change
Source
8/14/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/20
$450,000
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1/20
Property Description
This one-owner ranch family dream home is located on a large lot and is nestled on a tree lined street just blocks from the Metra Station, bustling downtown Mt. Prospect and the newly renovated (due to be complete in early 2027) Lions Park. It features a living room, dining room, eat-in kitchen, family room, three bedrooms and a double-vanity bathroom! The partially finished basement has a bar for entertaining, a powder room, lots of room to add a playroom, office, or craftroom. There is even a separate laundry area and workshop! With it's large backyard and extra vacant land under common ownership with adjacent residence, there's room for expansion.
Full Property Details
Full Property Details for 516 S Main St
General
- Price: $450,000
- Taxes: $2,119 (2024)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12732103
- Updated: 8/23/2026
- Added to Site: 11 day(s) ago
Interior
- Basement: Partially
- Interior Features: Dry Bar, Pantry
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Wood-Burning
- Appliances: Range, Microwave, Dishwasher, Refrigerator
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
- Basement Baths: Yes
- Bathroom Features: Double Sink
Bedrooms
- Total Bedrooms: 3
Additional Information
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 4
- Parking Features: Concrete, Garage Door Opener, Yes, Garage Owned, Attached, Driveway, Garage
Location
- Area: Mount Prospect
- County: Cook
- Township: Elk Grove
- Driving Directions: From Elmhurst Road (Rt 83) (North of Golf-Rt 58 OR South of Northwest Highway-Rt 14) to Council Trail - turn EAST. Proceed to Main Street - turn NORTH. Home is located on the West side of the street.
School Information
- School District: 57
- Elem School District: 57
- Midd School District: 57
- High School District: 214
- Elementary School: Lions Park Elementary School
- Middle School: Lincoln Junior High School
- High School: Prospect High School
- Private School: Prospect High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Architectural Info: Ranch
- Architectural Style: Ranch
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Partially Finished, Full
- Roof: Asphalt
- Doors: Pocket Door(s)
- Sub-Flooring: Wood
- Square Feet: 1,042
- Sq. Ft. Source: Assessor
- Year Built: 1953
- Built Before 1978: Yes
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 11775
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1953
- Tax Amount: $2,119
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 8123080230000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 516 S Main St
School Districts:Mount Prospect School District 57, Township High School District 214
| Name | Grades | Distance |
|---|---|---|
Lions Park Elementary School 300 East Council Trail, Mount Prospect, IL 60056 | 2-5 | 0.3 mi |
Westbrook Early Learning Center 103 Busse Road, Mount Prospect, IL 60056 | PK-1 | 1.3 mi |
Lincoln Middle School, Mount Prospect, IL 700 West Lincoln Street, Mount Prospect, IL 60056 | 6-8 | 0.6 mi |
Prospect High School 801 West Kensington Road, Mount Prospect, IL 60056 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 S Main St
Tax History
Tax History for 516 S Main St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,492
—
$37,000
19%
2023
$1,492
1%
$31,000
—
2022
$1,480
-12%
$31,000
51%
2021
$1,677
10%
$20,480
—
2020
$1,529
1%
$20,480
-10%
2019
$1,520
-10%
$22,756
-7%
2018
$1,698
1%
$24,388
—
2017
$1,673
-20%
$24,388
—
2016
$2,100
-13%
$24,388
14%
2015
$2,413
4%
$21,410
—
2014
$2,323
-2%
$21,410
—
2013
$2,376
17%
$21,410
-23%
2012
$2,034
—
$27,680
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 516 S Main St
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Listed by Elizabeth Thompson
516 S Main Street, Mount Prospect, IL 60056 (MLS# 12732103) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 516 S Main Street is currently listed for $450,000 and was received on August 14, 2026. Want to learn more about 516 S Main Street? Do you have questions about finding other Single Family real estate for sale in Mount Prospect? You can browse all Mount Prospect real estate or contact a Coldwell Banker agent to request more information.