For Rent
1506 W Palm Dr
Mount Prospect, IL, 60056 • 60056 • Cook County
$3,200/mo
$2/sqft
3Beds
2Baths
1,920Sqft
1962Built
Property DNA
Garage
Garage
Hardwood Floors
Quality flooring throughout
Just Listed
Listed Apr 9, 2026
Popular listing
129 views · 16 saves
Market activity
Demand and pricing signals for this listing
129 views
People checking out this listing
16 saves
Buyers have saved this home
$2/sqft
Price per square foot
About this home
Single Family · Built 1962
Welcome to this beautifully maintained 3-bedroom, 2-bathroom rental property situated in an award-winning school district. The home was completely remodeled just about two years ago and features hardwood flooring, updated bathrooms, new windows, and a spacious basement recreation room complete with a built-in bar perfect for entertaining. The updated kitchen features stainless steel appliances and granite countertops. Tenants will appreciate the spacious backyard and a patio area, offering plenty of space for outdoor enjoyment. Home has Generac generator system. Vehicle owners will love the expansive driveway along with a 2.5-car detached garage paired with an additional 1 car attached workshop for extra storage. Conveniently located just minutes from excellent shopping and dining options. Schedule your showing today!
Standout features identified
Our analysis highlights updated bathrooms, spacious backyard, and updated kitchen as key attractions of this home.
Estimated monthly payment
Based on current rates
$21/month
Principal & Interest$17
Property Tax$3
Insurance$1
Down payment20% ($640)
3%50%
Est. 6.75% rate · 30yr fixed · $2,560 loan
Full calculator →At a glance
Key facts and listing details
Date availableFri May 8 2026
TypeSingleFamily
CoolingCentral Air
HeatingNatural Gas
PetsCats, Dogs, Small Dogs
ParkingGarage
LaundryIn Unit
Deposit & fees$3,200
One-time fees$3,200
Property
Home typeSingle Family
Sub-typeSingleFamily
Year built1962
Systems
HeatingNatural Gas
CoolingCentral Air
RoofAsphalt
Parking & Outdoor
ParkingGarage
Location & Tax
Neighborhood60056
Annual tax$7,304
Parcel0814110025
Bathrooms & Fees
Full baths1
Features & details
7 categories of property features
Interior Features
Appliances
Dishwasher
Dryer
Microwave
Range
Refrigerator
Washer
Flooring
Hardwood
Heating
Natural Gas
Cooling
Central Air
Laundry
In Unit
Exterior Features
Exterior
Concrete
Detached
Garage
Garage Door Opener
Garage Owned
Heating: Gas
In Unit
No Disability Access
Patio
Roof Type: Asphalt
Storm Door(s)
Parking
Garage
Listing insights
Market data and value estimates
StatusFor Rent
Est. value$441,300
Est. rent$2,480/mo
Tax rate1.99%
Price/sqft$2
On marketApr 9, 2026
PostedApr 9, 2026
Last sold$331,000
MLS updatedApr 9, 2026
Tour days6
Views129
Favorites16
How are the schools in Mount Prospect?
3 schools rated nearby
Location
Mount Prospect, IL, 60056
Price history
12 events
DateEventPrice$/sqftSource
Apr 9, 2026Listed For Rent$3,200$2MRED as distributed by MLS GRID
Jun 14, 2023Sold$331,000$172Public Record
Mar 16, 2023Sold$331,000$172MRED as distributed by MLS GRID
Feb 21, 2023Contingent$329,000$171MRED as distributed by MLS GRID
Feb 15, 2023Listed For Sale$329,000$171MRED as distributed by MLS GRID
Oct 10, 2022Listing Removed——MRED as distributed by MLS GRID
Sep 20, 2022Contingent$315,900$165MRED as distributed by MLS GRID
Sep 13, 2022Price Change$315,900$165MRED as distributed by MLS GRID
Aug 25, 2022Listed For Sale$329,000$171MRED as distributed by MLS GRID
Aug 25, 2022Listing Removed——MRED as distributed by MLS GRID
Aug 18, 2022Contingent$349,900$182MRED as distributed by MLS GRID
Aug 7, 2022Listed For Sale$349,900$182MRED as distributed by MLS GRID
Listed For Rent$3,200
Apr 9, 2026•$2/sqft•MRED as distributed by MLS GRID
Sold$331,000
Jun 14, 2023•$172/sqft•Public Record
Sold$331,000
Mar 16, 2023•$172/sqft•MRED as distributed by MLS GRID
Contingent$329,000
Feb 21, 2023•$171/sqft•MRED as distributed by MLS GRID
Listed For Sale$329,000
Feb 15, 2023•$171/sqft•MRED as distributed by MLS GRID
Listing Removed—
Oct 10, 2022•MRED as distributed by MLS GRID
Contingent$315,900
Sep 20, 2022•$165/sqft•MRED as distributed by MLS GRID
Price Change$315,900
Sep 13, 2022•$165/sqft•MRED as distributed by MLS GRID
Listed For Sale$329,000
Aug 25, 2022•$171/sqft•MRED as distributed by MLS GRID
Listing Removed—
Aug 25, 2022•MRED as distributed by MLS GRID
Contingent$349,900
Aug 18, 2022•$182/sqft•MRED as distributed by MLS GRID
Listed For Sale$349,900
Aug 7, 2022•$182/sqft•MRED as distributed by MLS GRID
Tax history
25 years of records
YearTax paidAssessed value
Apr 10, 2023$7,304$34,000
Apr 10, 2022$6,966$34,000
Apr 10, 2021$6,630$29,198
Apr 10, 2020$6,567$29,198
Apr 10, 2019$6,639$32,443
Apr 10, 2018$6,701$29,653
Apr 10, 2017$7,524$29,653
Apr 10, 2016$7,312$29,653
Apr 10, 2015$6,666$25,714
Apr 10, 2014$6,573$25,714
Apr 10, 2013$6,402$25,714
Apr 10, 2012$7,375$32,321
Apr 10, 2011$7,598$32,321
Apr 10, 2010$7,463$32,321
Apr 10, 2009$6,114$35,710
Apr 10, 2008$5,159$38,398
Apr 10, 2007$4,516$38,398
Apr 10, 2006$4,378$29,600
Apr 10, 2005$4,039$29,600
Apr 10, 2004$3,848$29,600
Apr 10, 2003$3,921$23,862
Apr 10, 2002$3,687$23,862
Apr 10, 2001$3,085$23,862
Apr 10, 2000$3,035$20,108
Apr 10, 1999$3,035$20,108
Nearby homes
Neighborhood details
Local context around this listing
Mount Prospect, IL • Cook County
Nearby cities
Arlington HeightsChicagoCiceroDes PlainesElginEvanstonOrland ParkPalatine
Nearby zip codes
60056
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