$339,000

beds

baths

1,225

square ft

418 S Lake Terrace

Mundelein, Illinois 60060

Active / MLS #12723287 / Single Family / Mundelein

Listing information updated 8/11/2026 at 6:03am

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!

Full Features

Architecture Style:

Cape Cod

Exterior Type:

Vinyl Siding

Basement:

Crawl Space

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Natural Gas, Forced Air

Appliances:

Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)

Main Level Primary Bedroom:

Yes

Pool:

Age:

81-90 Years

Roof Type:

Asphalt

Parking Type:

Garage - Asphalt,Shared Driveway,Yes,Detached,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

1,225

Lot Size:

Less Than .25 Acre

Acreage:

0.14

Internal Features:

1st Floor Bedroom, 1st Floor Full Bath, Open Floorplan

Room Information

Living Room:

18x12 - Main

Dining Room:

14x10 - Main

Kitchen:

15x11 - Main

Family Room:

N/A

Primary Bedroom:

11x11 - Main Level

2nd Bedroom:

13x9 - Second

3rd Bedroom:

12x9 - Second

4th Bedroom:

N/A

Attic:

34x5 - Second Level

Laundry:

7x9 - Main Level

Taxes & Assessments

Tax Amount:

$6,884

Tax Year:

2025

Location

Zip Code:

60060

City:

Mundelein

County:

Lake

Schools

School District(s):

75, 120

Elementary School:

Mechanics Grove Elementary Schoo

Middle School:

Carl Sandburg Middle School

High School:

Mundelein Cons High School

Architecture Style:

Cape Cod

Exterior Type:

Vinyl Siding

Basement:

Crawl Space

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Natural Gas, Forced Air

Appliances:

Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)

Main Level Primary Bedroom:

Yes

Pool:

Age:

81-90 Years

Roof Type:

Asphalt

Parking Type:

Garage - Asphalt,Shared Driveway,Yes,Detached,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

1,225

Lot Size:

Less Than .25 Acre

Acreage:

0.14

Internal Features:

1st Floor Bedroom, 1st Floor Full Bath, Open Floorplan

Living Room:

18x12 - Main

Dining Room:

14x10 - Main

Kitchen:

15x11 - Main

Family Room:

N/A

Primary Bedroom:

11x11 - Main Level

2nd Bedroom:

13x9 - Second

3rd Bedroom:

12x9 - Second

4th Bedroom:

N/A

Attic:

34x5 - Second Level

Laundry:

7x9 - Main Level

Tax Amount:

$6,884

Tax Year:

2025

Zip Code:

60060

City:

Mundelein

County:

Lake

School District(s):

75, 120

Elementary School:

Mechanics Grove Elementary Schoo

Middle School:

Carl Sandburg Middle School

High School:

Mundelein Cons High School

Listing Office: @PROPERTIES

Listing Office Phone: 847.381.0300

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/11/2026 at 6:03am. 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 listings have been excluded from this website.

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418 S Lake Terrace, Mundelein, IL 60060 is a single family home currently listed at $339,000. 418 S Lake Terrace features 3 Beds, 2 Baths. This single family home has been listed on @properties Christie's International Real Estate since August 5th, 2026 and was built in 1941. Nearby schools include Mechanics Grove Elementary Schoo, Carl Sandburg Middle School, and Mundelein Cons High School. The nearest transit stops include Mundelein Metra Metra North Central Service line.