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418 S Lake Terrace

Mundelein, IL 60060
  • $339,000
  • STATUS: Active
  • MLS #: 12723287
UPDATED: 71 min ago
$339,000
  • 3
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,225
    SQFT
  • $277
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1941
County:

School Information

School District:
75

Description

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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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Captivate Real Estate Group | eXp Realty LLC.

Based on information submitted to the MLS GRID as of 2026-09-11T15:29:00.843 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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418 S Lake Terrace Mundelein, IL 60060

  • Price: $339,000
  • Status: Active
  • On Site: Days
  • Updated: 71 min ago
  • MLS #: 12723287
3
Beds
2
Baths
0
½ Baths
0.14
Acres
1,225
SQFT
$277
$/SQFT
1941
Built
Neighborhood:
North Shore Park
County:
Lake
Area:
Ivanhoe / Mundelein
Elementary School:
Mechanics Grove Elementary Schoo
Middle School:
Carl Sandburg Middle School
High School:
Mundelein Cons High School
School District:
75
Property Description
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!
Exterior Features

Architectural Style Cape Cod Foundation Details Concrete Perimeter Lot Features Mature Trees Lot Size Less Than .25 Acre Parking Features AsphaltShared DrivewayYesDetachedGarage Parking Total 1 Roof Asphalt Types 2 Stories Waterfront YN No

Interior Features

Appliances RangeMicrowaveDishwasherRefrigeratorWasherDryerDisposalStainless Steel Appliance(s) Approximate Finished Sq Ft 1225 Basement Details Crawl Space Basement Sqft 0 Bedrooms Below Grade 0 Bedrooms Total 3 Below Grade Finished Area 0 Cooling Central Air Dining Room Separate Heating Natural GasForced Air Interior Features 1st Floor Bedroom1st Floor Full BathOpen Floorplan Laundry Features Main LevelIn Unit Main Sq Ft 842 Room Type Attic Rooms Attic (Second) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) Bedroom 2 (Second) Bedroom 3 (Second) Bedroom 4 (N/A) Dining Room (Main) Family Room (N/A) Kitchen (Main) Laundry (Main) Living Room (Main) Master Bedroom (Main) Rooms Total 7 Total Sq Ft 1225 Unfinished Sqft 1225 Upper Square Feet 383

Property Features

Additional Parcels YN No Age 81-90 Years Association Fee Frequency Not Applicable Association Fee Includes None Built Before1978 YN Yes Community Features ParkSidewalksStreet LightsStreet Paved Corporate Limits Mundelein Disability Access And Or Equipped No Electric 200+ Amp Service General Information None Master Association Fee Frequency Not Required Mls Actual Status Active New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2024 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 6884 Tax Year 2025 Township Fremont Type Detached Single Water Source Lake MichiganPublic

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of @properties Christie's International Real Estate: 847-381-0300.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Captivate Real Estate Group | eXp Realty LLC.

Based on information submitted to the MLS GRID as of 2026-09-11T15:29:00.843 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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