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418 S Lake Terrace

Mundelein, IL 60060
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Bed 3

Bed

Bath 2

Bath

SqFt1,225

Sqft

Acres0.14

Acre(Lot)

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!

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Detail Ic Property Details

Property Type : Residential

Price : $339,000

AD Id : 89130512

MLS Id : MRD12723287

Beds : 3

Lot Size : 0.14 Acre

Living Area Size : 1,225

Year Built : 1941

Garage : 1

County : Lake

Subdivision: North Shore Park

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Feature Features

  • Bedroom Information

    Total Bedroom: 3 Room Types: Attic

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 7

    Interior Features

    1st Floor Bedroom, 1st Floor Full Bath, Open Floorplan Roof: Asphalt Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s) Laundry Features: Main Level, In Unit

    Roofing Information

    Asphalt
  • Flooring Information

    Construction Materials: Vinyl Siding
  • Heating & Cooling

    Heating: Natural Gas, Forced Air Cooling: Central Air WaterSource: Lake Michigan, Public

  • Building Information

    Year Built: 1941

  • Lot Information

    Lot Dimensions: 50 x 120 Lot Description: Mature Trees Lot Acres: 0.14 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Style: Cape Cod Sub Type: Detached Single Type Detached: 2 Stories

  • Listing Price Information

    Original List Price:$339000

  • Tax Information

    Annual Tax: $6884 Tax Year: 2025 Parcel Number: 10254310070000 Tax Exemption: None

  • Parking Information

    Total Parking: 1 Asphalt, Shared Driveway, Yes, Detached, Garage

    Garage Information

    Garage Space: 1

    Homeowners Association Information

    Included Fees: None

  • School Information

    Elementary School: Mechanics Grove Elementary Schoo Junior High School: Carl Sandburg Middle School Senior High School: Mundelein Cons High School
  • Utility Information

    Sewer: Public Sewer Water Source: Lake Michigan, Public
  • Location Information

    Subdivision: North Shore Park City: Mundelein Direction: 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.
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Nearby Home Value

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2024 Harrison Avenue, Mundelein, IL, 60060 $390,000 3 3 1,439 1,439 SqFt
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1228 Orleans Drive, Mundelein, IL, 60060 $295,000 2 2 1,078 1,078 SqFt
70 N Idlewild Avenue, Mundelein, IL, 60060 $339,900 4 2 1,218 1,218 SqFt
2041 Sequoia Avenue, Mundelein, IL, 60060 $412,000 3 3 1,798 1,798 SqFt
221 W Courtland Street, Mundelein, IL, 60060 $364,980 7 2 1,662 1,662 SqFt
1092 Aberdeen Lane, Mundelein, IL, 60060 $475,000 4 2 2,377 2,377 SqFt
1105 Andover Drive, Mundelein, IL, 60060 $530,000 4 4 2,386 2,386 SqFt
540 N Seymour Avenue #B, Mundelein, IL, 60060 $445,000 3 3 1,955 1,955 SqFt
3394 Sage Circle, Mundelein, IL, 60060 $774,999 5 5 4,930 4,930 SqFt
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ByOwner last updated this listing 08/09/2026 @ 06:20

MLS: MRED #12723287 LISTED BY: Tara Kelleher, @properties Christie's International Real Estate 847-381-0300 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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