Back 516 North Prospect Avenue
Off Market

516 North Prospect Avenue

Park Ridge IL 60068

5
6
3
7000 sq. ft.
0.25 ac.
Single-Family
Last sold for $1,500,000
Craig FallicoCraig Fallico, last sold this property on 25 September 2025 after 728 days on market.

Overview

Just steps to the Country Club and a couple of blocks to Field school. The owners transferred and with three little ones they used the Prospect Splash Pad and Park far more than the courts or the course. Nearly 7000 ft.2 of living space boasting every amenity: an en suite and guest suites, but also a private true elegant office with an exterior entrance for serious business(or convert to a first floor in law?) The second staircase leads directly to the full butler's pantry, which is joined by both the formal dining area and the gourmet kitchen. There's an exercise room with steam shower and a dry sauna, a large rec room and a wine cellar. Enjoy three gas start/wood burning fireplaces these upcoming 3 seasons. There's a one car attached garage for comfort and ease, and a two car detached for motor toys, both adult and child. YOUR TOP PRIORITY, YOUR TOP CHOICE: these luxury standards and this size! There's an extra EXPRESSIONS sheet in the MLS drop down additional information tab with many details.

Features

5 bedrooms
6 bathrooms
3 carspaces
3 garage spaces
7000 sq. ft. floor area
0.25 ac. lot size
Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Park Ridge over the last 12 months, the estimated median property value of 516 North Prospect Avenue is $989.75k.

Median value
$989.75k
Estimated value range
$535k - $2.4m
Median days on market
10
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Park Ridge. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 516 North Prospect Avenue

2025
Sold
$1,500,000
25 Sep 2025 by Craig Fallico, of Baird & Warner
2021
Sold
$1,300,000
22 Nov 2021 by Craig Fallico, of Dream Town Realty

Happy sellers in Park Ridge

94%
94% of sellers in Park Ridge reported that their sale price either exceeded or met their price expectations.

Park Ridge stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Park Ridge over the last 12 months.

Local market activity for 5 bedroom single-family properties in Park Ridge

In the last 12 months, 28 five-bedroom single-family properties similar to 516 North Prospect Avenue, have been sold.

This represents a 16% decrease in five-bedroom single-family properties sales when compared to the previous 12 months.

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