Quick Mount Prospect IL MLS Search

Browse All Mount Prospect IL Under $200K Properties for Sale

$159,500
12737303 MLS NEW Status
Own a fully built-out, ready-to-operate Nashville Hot Chicken & Wings restaurant in one of Mount Prospect's busiest retail corridors, located at the highly visible intersection of Elmhurst Road and Rand Road. Set within a vibrant, food-court-style retail center, the restaurant benefits from continuous foot and vehicle traffic driven by neighboring businesses such as MOD Pizza, Poke Bros, HomeGoods, Macy's, Bath & Body Works, DSW, and Costco, along with an upcoming Skechers location, offering outstanding visibility and a steady flow of potential customers throughout the day. Whether you choose to continue operating as a successful Nashville Hot Chicken franchise or pursue your own restaurant concept (subject to applicable approvals), this turnkey opportunity offers exceptional value, immediate revenue potential, and substantial room for future growth, with no construction delays or startup costs. The approximately 2,300-square-foot space features an open, modern, high-ceiling layout, a fully equipped commercial kitchen, walk-in refrigerator and freezer, and includes all furniture, fixtures, equipment, and operational assets, along with a Toast POS system and established operating infrastructure - start serving customers on day one. The current lease extends through 2030 with an additional five-year renewal option, providing long-term operational stability, and buyers also have the flexibility to negotiate alternative lease terms. Ample customer parking is available, with easy access from major roadways and nearby interstates.

1025 N Elmhurst Road, Mount Prospect

$145,000
1 Beds 1 Baths 12618168 MLS CLOSED Status Huntington Commons BLDG.
A place to call home-and a smart first step into homeownership! This is the least expensive condo in Mount Prospect that includes an INDOOR PARKING SPACE (#12), and it checks all the right boxes. This sweet 1 bedroom offers 495 SF-small but mighty, with a big UPSIDE: lower square footage means lower taxes and HOA fees. 2024 Total Tax Before Exemptions 2,102.91. Freshly updated with brand-new carpet, fresh paint, and durable gray vinyl flooring in the foyer and kitchen, it feels clean, bright, and move-in ready. Big-ticket items are already done for you: furnace, flooring, refrigerator, and stove-all replaced within the last 5 years. You'll love the surprisingly generous closet space, plus an additional storage closet (#30), just down the hall for the extras. The building adds even more value with: Bike room, large first-floor laundry room ($1.50 wash / $1.00 dry) outdoor pool, tennis courts, and a scenic walking trail around the lake. Roof is 12 years old. The monthly assessment ($188) covers everything except electric & internet/cable. Cats are welcome (sorry, no dogs). Rentals are not allowed. Located in District 59 and Prospect High School (District 214). The location is a commuter's dream-just moments to the Mount Prospect Metra, bus routes, and I-90. And here's the real takeaway: you won't find a secured building with indoor parking at this price point in Mount Prospect that makes more financial sense than renting. Independence at it's best!

625 W Huntington Commons Road Unit #208, Mount Prospect

$149,000
1 Beds 1 Baths 12494929 MLS CLOSED Status
BEAUTIFUL READY TO MOVE IN 2ND FLOOR UPDATED 1 BEDROOM 1 BATH CONDO in the highly desired Dover Park Condominium Community! FRESHLY PAINTED THROUGHOUT! All Brick Building. Huge 23'6" x 13'3" Living Room with Patio Doors to your private Balcony! Kitchen complete with Oak Cabinets with Granite look laminate counter tops, STAINLESS STEEL Gas Stove & Built-in Microwave, Built-in Dishwasher & Refrigerator are all included! Double Stainless Steel Sink w/New Moen Faucet, Granite look laminate counter tops & Ceramic Tile Flooring. Partial Open Concept Kitchen-Dining Area & Living Room. HUGE 15' X 11'6" MASTER BEDROOM with Double closet, Linen Closet in Hall, Coat closet in Foyer. Full Bath includes NEW SINGLE SINK VANITY, MOEN FAUCET & VANITY LIGHTS, Toilet & White Ceramic Tiled Tub/Shower. Wall Air Conditioner Unit. BEAUTIFUL NEW LUXURY VINYL PLANK FLOORING in Living Room, Dining Rm, Hall & Master Bedrm, Ceramic Tile in Foyer, Kitchen, & Bath. New Ceiling lights in Bedroom, Kitchen & Hallway. NEW FRONT STORM DOOR. New Vertical & Horizontal Blinds. New Smoke Detector. White Trim throughout. ENJOY THE AMENITIES! Pets are welcome! PERFECT TIME TO BY AND ENJOY THE SUMMER WITH YOUR CLUB HOUSE & FENCED INGROUND POOL, View of Beautiful Ponds, Convenient area for Walking your dogs! Coin Operated laundry. Basement Storage Locker. MAINTENANCE FREE LIVING! Reasonably priced Association Fees includes Lawn care, Snow, removal, Water, Gas, Parking, Exterior Maintenance, Scavenger Trash, Pool, Clubhouse & Common Area Insurance. Investors are Welcome. Taxes are without exemptions and very low at only $2209 a year and could even go down a lot more if you qualify for a Homestead exemption (living in the home as your primary residence) Senior or Senior Freeze, or Disabled Veteran. Ask your Realtor for details) WHY RENT? WHEN YOUR MONTHLY AMOUNT IS AN INVESTMENT IN YOUR OWN PROPERTY & OWN YOUR OWN CONDO! This great Condo at this price wont last!

1900 Knightsbridge Drive Unit #2B, Mount Prospect

$192,500
2 Beds 1 Baths 12428658 MLS CLOSED Status Mcdonald Creek BLDG.
Beautifully renovated and move-in ready, this upgraded 2nd-floor condo offers stylish, modern living in a quiet, tree-lined setting across from the forest preserve. Nearly every surface of this home has been improved, starting with freshly painted walls, all-new lighting with dimmers, updated baseboards, and the removal of popcorn ceilings for a clean, contemporary feel. The living room features new wood laminate flooring, while the bedrooms offer comfort and warmth under updated flooring as well. The reimagined open-concept kitchen is a standout, featuring new marble countertops, sleek cabinetry, an extended island for dining or entertaining, and a brand-new sink, faucet, and garbage disposal. Two partial walls were removed to create a more open flow into the living space, enhancing natural light and functionality. Samsung smart stainless steel appliances-including the refrigerator, stove, microwave, and dishwasher-all installed in 2022 and still under warranty, can be controlled remotely via smartphone. The bathroom has been fully updated with a new vanity, mirror, faucet, light fixtures, and a ceiling exhaust fan with light. A new electrical panel, updated light switches, door handles, and professionally cleaned air ducts with UV purification have also been added for comfort and peace of mind. Enjoy central A/C, a large balcony with a newer sliding glass door, and a spacious primary bedroom with a walk-in closet plus a second closet for extra storage. Ceramic tile flooring in the foyer and dining area adds durability, while the thoughtful updates throughout elevate both style and functionality. The furnace and water heater were both replaced in 2020, ensuring efficient year-round comfort. Residents love the quiet, respectful community and the unbeatable location just steps from trails, parks, and the riverfront. This is a well-maintained and completely transformed home in a safe, peaceful neighborhood-truly a rare find. Schedule your private showing today!

808 N River Road Unit #2A, Mount Prospect

Start Your Search



The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Copyright 2026 MRED LLC. All rights reserved.

Based on information submitted to the MLS Grid as of . All data is obtained from various sources and has not been, and will not be, verified by broker or MLS Grid. MRED 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.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the DMCA) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Some listings have been excluded from this website.

Under $200K Mount Prospect Real Estate

Our website features the best real estate search for under $200k properties available in Mount Prospect and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!