Mount Prospect, Illinois is a suburb located about 20 miles northwest of Chicago. Here are some advantages and disadvantages of purchasing real estate in the area:

Advantages:
- Proximity to Chicago: being near a major city like Chicago provides many opportunities for entertainment, employment, and cultural experiences.
- Strong local economy: Mount Prospect has a thriving local economy, with major employers such as Cummins-Allison and Bosch Rexroth.
- Great school system: the Mount Prospect school district, Township High School District 214, is highly rated and provides quality education for its students.
- Good transportation: In addition to being close to Chicago, Mount Prospect also has convenient access to major highways and O'Hare International Airport.
- Diverse housing options: Mount Prospect has a diverse range of housing options, from single-family homes to high-rise apartments.

Disadvantages:
- High cost of living: with the advantages of being near a major city comes a higher cost of living. The cost of housing in Mount Prospect can also be above average, which may be a disadvantage for some.
- Heavy traffic: because Mount Prospect is located close to Chicago, there can be heavy traffic during rush hour, which can make commuting to work more challenging.
- Harsh weather: winters in Illinois can be harsh, with heavy snow and low temperatures that can be uncomfortable for some.

Overall, Mount Prospect has many advantages that make it an attractive place to purchase real estate, but it's important to weigh the potential drawbacks as well.