418 S Lake Terrace

Mundelein, IL
$ 339,000 Beds 3 Baths 2 Sq 1,225
Monthly Estimate* How much can I afford?

Don't miss this beautifully renovated 3-bedroom, 2-bath Cape Cod home in an incredible Mundelein location just steps from Diamond Lake! Completely gutted to the studs and thoughtfully rebuilt in 2024, this home offers approximately 1,225 square feet of stylish, move-in-ready living space with all the major updates already completed. The open-concept floor plan features a spacious living room flowing seamlessly into the dining area and an all-new kitchen with classic white shaker cabinetry, stainless steel appliances, abundant cabinet space, and modern finishes throughout. A convenient first-floor bedroom, full bathroom, and laundry/mudroom provide flexible living options, while the second level offers two additional bedrooms and a second full bath. Extensive improvements made to this home in 2024 include: HVAC, water heater, 200-amp electrical service, all new plumbing, new gas service, new city water service line, new sewer line, and a new roof, all of which are important upgrades to offer buyers the peace of mind that comes with nearly every major system being replaced. 2025-26 updates include installation of new radon mitigation system, added new insulation in the attic and new insulation in the crawlspace, and added a new solar fan in the attic. Outside, enjoy a partially fenced backyard, a detached 1 car garage, and an unbeatable location less than two blocks from Diamond Lake. "Diamond Lake is a 153-acre glacial lake located in Mundelein, Illinois. It has a maximum depth of 23 feet and a shoreline of nearly six miles. The lake is a popular local spot for boating, fishing, and community recreation in Lake County." Conveniently located near parks, schools, shopping, restaurants, Metra, and major commuter routes, fabulous Farmer's Market is held every June - Sept on Saturdays from 8am-12pm. Lake Fest on the Landing at Diamond Lake is coming Saturday, August 29the 11am-9pm. This truly is a rare opportunity to own a charming and updated home in Mundelein at an exceptional value!

Active

  • Price
  • $ 339,000
  • City
  • Mundelein
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • LAKE
  • Half Bathrooms
  • 0
  • Area
  • Ivanhoe - Mundelein
  • Lot Size
  • 0.14 Acres
  • Zip
  • 60060
  • Sqr Footage
  • 1,225
  • Year Built
  • 1941
  • Taxes
  • $ 6884
  • Style
  • Cape Cod
  • MLS#
  • 12723287
Listed By: @properties Christie's International Real Estate
Data Source: Midwest Real Estate Data (MRED)

Features

General

Living Area 1225
Sewer Public Sewer
Heating Natural Gas,Forced Air
Cooling Central Air
Possession Closing
Roof Asphalt
Appliances Range,Microwave,Dishwasher,Refrigerator,Washer,Dryer,Disposal,Stainless Steel Appliance(s)
Garage Spaces 1
Association Fee Includes None
Architectural Style Cape Cod
Construction Materials Vinyl Siding
Year Built 1941
Electric 200+ Amp Service
Township Fremont
Tax Year 2025
Ownership Fee Simple
Community Features Park,Sidewalks,Street Lights,Street Paved
Assoc Fee Paid Per Not Applicable
County Lake
New Construction No
Property Type Residential
Subdivision Name North Shore Park
Total Rooms 7
Full Baths 2
Status Active
Directions Heading north on Route 45,take a left turn onto Lakeview Drive. Then,take your first right turn onto S Lake Terrace. The home is on the lefthand side.
High School Mundelein Cons High School
City Mundelein
High School District 120
MLS Area Ivanhoe / Mundelein
Elementary School Mechanics Grove Elementary Schoo
Tax Annual Amount 6884
Middle/Junior High School Carl Sandburg Middle School
Additional Parcels Y/N No
Standard Status Active
Middle/Junior School District 75
Elementary School District 75
Property Type Detached Single

Interior Features

Interior Amenities 1st Floor Bedroom,1st Floor Full Bath,Open Floorplan
Basement Crawl Space
Laundry Features Main Level,In Unit
Total Bedrooms 3
Room Type Attic
LivingAreaSource Assessor
Total Baths 2
Bedrooms Possible 3

Exterior Features

Parking Features Asphalt,Shared Driveway,Yes,Detached,Garage
Lot Features Mature Trees
Water Source Lake Michigan,Public
Total Parking 1
Foundation Details Concrete Perimeter
Lot Dimensions 50 x 120
Lot Size Acres 0.14
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Elmwood Park, IL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Mechanics Grove Elementary Schoo
Middle School Carl Sandburg Middle School
High School Mundelein Cons High School

Price History

8/6/2026 Listed $339,000

Property vs Zip Code Average in 60060

Price
AVG $620K
$340K
Taxes
AVG $12,478
$6,884
Year Built
AVG 1983
1941
Visits
AVG 117
28
Data Provided by Inside Real Estate®

Areas That We Cover

418 S Lake Terrace Mundelein, IL is a Single Family Home for sale at $339000 with 1225 sqft and a lot size of 0.14 Acres Acre(s). 418 S Lake Terrace Mundelein has 3 bedrooms, 2 baths and was built in 1941. The property's zip code is 60060 which is in Mundelein, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

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