418 S Lake Terrace, Mundelein IL 60060
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!
Features & Information
Key Details
- List Price $339,000
- Property Taxes $6,884
- Square Feet 1225
- Year Built 1941
- Status New
- Market Time 1
Rooms
- Total Rooms 7
- Number of Bedrooms 3
- Number of Bathrooms 2
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Primary Bedroom
- Room Size 11X11
- Floor Level Main
- Flooring Luxury Vinyl
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Bedroom 2
- Room Size 13X9
- Floor Level Second
- Flooring Luxury Vinyl
-
Bedroom 3
- Room Size 12X9
- Floor Level Second
- Flooring Luxury Vinyl
-
Living Room
- Room Size 18X12
- Floor Level Main
- Flooring Luxury Vinyl
-
Dining Room
- Room Size 14X10
- Floor Level Main
- Flooring Luxury Vinyl
-
Kitchen
- Room Size 15X11
- Floor Level Main
- Flooring Luxury Vinyl
Additional Rooms
-
Attic
- Room Size 34X5
- Floor Level Second
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Laundry
- Room Size 7X9
- Floor Level Main
- Flooring Luxury Vinyl
Interior Features
-
Appliances
- Appliances Included Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
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Heating & Cooling
- Heating Type Natural Gas, Forced Air
- Air Conditioning Central Air
Exterior Features
-
Building Information
- Age of Building 81-90 Years
- Exposure East
- Recent Rehab Yes
- Rehab Year 2024
-
Parking
- # of Cars 1
Location
- County Lake
- Township Fremont
- Corporate Limits Mundelein
- Directions to Property 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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Schools
- Elementary School District 75
- Junior High District 75
- High School District: 120
- School Name Mundelein Cons High School
-
Property Taxes
- Tax 6884
- Tax Year 2025
- Tax Exemptions None
- Parcel Identification Number 10254310070000
-
Lot Information
- Lot Size Less Than .25 Acre
Listed by Tara Kelleher for @properties Christie's International Real Estate | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/11/2026 5:32 PM. 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.
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