505 Prospect Ave
Park Ridge, IL 60068
4 bd 4 ba 5,501 sqft Built 1916 Lot 9,960 sqft single_family
Most recent sale
$1,100,000
Jun 17, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 17, 2022 | Sold | $1,100,000 | MLS #11347146 |
| Mar 14, 2022 | Listed | $1,100,000 | MLS #11347146 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $74,180 | $17,820 | $92,000 | $24,969 |
| 2022 | $74,180 | $17,820 | $92,000 | $22,858 |
| 2021 | $64,572 | $8,910 | $73,482 | $5,987 |
| 2020 | $64,572 | $8,910 | $73,482 | $19,649 |
| 2019 | $71,840 | $8,910 | $80,750 | $19,258 |
| 2018 | $60,163 | $7,672 | $67,835 | $5,811 |
| 2017 | $60,163 | $7,672 | $67,835 | $5,685 |
| 2016 | $60,163 | $7,672 | $67,835 | $6,372 |
| 2015 | $55,611 | $6,435 | $62,046 | $7,756 |
| 2014 | $55,611 | $6,435 | $62,046 | $7,445 |
| 2013 | $55,611 | $6,435 | $62,046 | $7,219 |
| 2012 | $65,797 | $7,672 | $73,469 | $5,849 |
| 2011 | $65,797 | $7,672 | $73,469 | $5,411 |
| 2010 | $65,797 | $7,672 | $73,469 | $6,157 |
| 2009 | $63,774 | $7,920 | $71,694 | $6,130 |
| 2008 | $68,799 | $12,672 | $81,471 | $7,548 |
| 2007 | $68,799 | $12,672 | $81,471 | $7,394 |
| 2006 | $45,702 | $11,088 | $56,790 | $7,208 |
Property facts
Year built
1916
Property type
single_family
Stories
2
Beds
4
Baths
4
Living area
5,501 sqft
Lot size
9,960 sqft
ZIP code
60068
City
Park Ridge
Street
Prospect Ave
Coordinates
42.01748, -87.82910
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$9,902
Gross rental yield
10.80%
Implied cap rate
7.02%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Prospect Ave last sell?
505 Prospect Ave most recently sold on Jun 17, 2022 for $1,100,000.
What is the current tax assessment for 505 Prospect Ave?
The most recent total assessment for 505 Prospect Ave (year 2023) is $92,000 with $24,969 in property tax.
How does 505 Prospect Ave's assessment compare to its last sale price?
The current assessment is 91.6% below the last sale price of $1,100,000.
When was 505 Prospect Ave built?
505 Prospect Ave was built in 1916.
How does 505 Prospect Ave compare to others on Prospect Ave?
We track 8 other properties on Prospect Ave. Browse the list under "Other properties on Prospect Ave" to compare beds, baths, and sale history.
What are the property facts for 505 Prospect Ave?
505 Prospect Ave is a 4 bed, 4 bath, 5,501 sqft, 9,960 sqft lot single_family.
Is 505 Prospect Ave a flip candidate?
No — 505 Prospect Ave does not appear in our flips dataset.
Is 505 Prospect Ave a tax-appeal candidate?
No — 505 Prospect Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.9%
Implied 1-yr
-15.6%
2026 Q3
$451.3K
2026 Q4
$427.8K
ZIP 60068 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Prospect Ave