




- 3BR, 2BA Home
- $3,700 Pricing
- 1,517 Square Feet
- 06-01-2026 Availability
Unit Rent and Fees
Unit Price
- $3,700
About 501 S School St
LOCATION,LIFESTYLE,AND A VIEW THAT KEEPS GETTING BETTER. Welcome to this beautifully maintained 3-4 bedroom home (with potential to convert the finished lower level into a 4th bedroom),perfectly positioned directly across the street from Lions Memorial Park,offering open,unobstructed views of expansive green space and a setting that feels both peaceful and connected. From the moment you arrive,you'll notice the care and pride of ownership-from the newly sided garage to the enhanced landscaping that elevates curb appeal and creates a warm,inviting exterior. Inside,natural light pours into the open-concept living and dining areas,creating a bright and welcoming atmosphere ideal for both everyday living and entertaining. The kitchen,pantry,and main-level bath were fully renovated in 2020 with thoughtful,high-quality finishes,including updated flooring,new windows,stainless steel appliances,concealed dishwasher,custom cabinetry,modern lighting,and sleek quartz countertops-blending style and functionality seamlessly. Upstairs,you'll find well-appointed bedrooms and a full bath,while the finished lower level offers incredible flexibility-whether you envision a spacious recreation room,home office,workout space,or a future 4th bedroom. With an existing layout that includes a laundry area and a storage room already pipe-fitted for a bathroom,the potential here is real. Step outside and the lifestyle truly comes alive. Living across from Lions Memorial Park means instant access to walking paths,playgrounds,sports courts,baseball fields,and the beloved Bandshell,where summer concerts and community events bring the neighborhood together. The park is also in the midst of a major multi-million dollar transformation,adding even more value and long-term appeal to this already prime location. And when you're ready to explore,you're just a short walk to downtown Mount Prospect-where restaurants,coffee shops,a grocery store,the public library,Metra station,and year-round events create that perfect small-town feel with everyday convenience. This isn't just a home-it's a lifestyle rooted in community,walkability,and a location that continues to grow in value. Come experience it for yourself. MLS# MRD12646756 Based on information submitted to the MLS GRID as of [see last changed date above]. 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 IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
501 S School St is located in the Downtown Mount Prospect Neighborhood and 60056 Zip code of Mount Prospect, IL.
Property Contact Info
- Listed by:
- Agency:
- Vendor Logo:
- Website:
- View Property Website
- Call Us:
- (773) 988-1710
- Disclaimer:
Fees and Policies
Pet Policy and Fees
Cats
AllowedDogs
AllowedParking Info and Fees
- Garage Parking
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
On-Site Services
- Garden Style
Interior Features
- Heat Type Gas
- Washer/Dryer
- Air Conditioning
Kitchen Amenities
- Dishwasher
- Microwave
- Refrigerator
- Disposal
Unique Amenities
- Garage Available

Map
- Shopping
- Colleges
- Grocery
- Medical
- Transportation

Map
Frequently Asked Questions about 501 S School St
What type of rental is available at 501 S School St?
There is currently a 3 Bed 2 Bath Home for rent with 1,517 sq ft listed at 501 S School St. It is Available June 1, 2026.
How much is the rent at 501 S School St?
The rental at 501 S School St is currently listed at $3,700.
What area of town is 501 S School St located in?
Located in the Downtown Mount Prospect Neighborhood, 501 S School St is in the 60056 Zip Code of Mount Prospect, IL.
Nearby Schools
Westbrook Early Learning Center
Lincoln Middle School
Prospect High School
Lions Park Elementary School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from 501 S School St.
Big Box and Retail
Aldi
Walgreens
Target
Colleges and Universities
Groceries
Mariano's Fresh Market
Aldi
Jewel-Osco
Hospitals
Military Bases
US Military Reservation Elk Grove
O'Hare Air Force Base & Air National Guard
Restaurants and Dining
Shopping Centers
501 S School St has 5 shopping centers within 0.7 miles.
Transit Stations
Mount Prospect Station-Union Pacific Northwest Line
Cumberland Station-Union Pacific Northwest Line
Prospect Heights Station-North Central Service
Nearby Neighborhoods
Nearby Apartments
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Prospect Studio Apartments | $2,010 | $1,300 | $2,375 |
| Mount Prospect 1 Bedroom Apartments | $2,031 | $1,350 | $2,925 |
| Mount Prospect 2 Bedroom Apartments | $2,475 | $1,535 | $3,750 |
| Mount Prospect 3 Bedroom Apartments | $3,208 | $2,110 | $9,234 |
| Mount Prospect 4 Bedroom Apartments | $13,864 | $10,000 | $10,000+ |
Browse Top Apartments in Mount Prospect
By Price
By Community Type
- Mount Prospect Apartments for Rent by Owner
- Mount Prospect Apartments with Rent Specials
- Mount Prospect Top Rated Apartments
- Mount Prospect Corporate Apartments
- Mount Prospect Furnished Apartments
- Mount Prospect Gated Apartments
- Mount Prospect Low Income Apartments
- New Mount Prospect Apartments
- Mount Prospect Senior Apartments
- Mount Prospect Short-term Apartments
- Mount Prospect Student Apartments
- Mount Prospect Apartments with Utilities Included
