$339,000

418 S Lake Terrace, Mundelein, IL 60060

Active

3 beds 2 baths 1,225 sqft (assessor) Built 1941 Residential MLS #MRD12723287 7 days on market

Listing courtesy of @properties Christie's International Real Estate · 847-381-0300 · MLS #MRD12723287 · Status: Active

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!

Property details

Interior

Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
Interior features: 1st Floor Bedroom, 1st Floor Full Bath, Open Floorplan
Basement: Crawl Space
Laundry: Main Level, In Unit
Additional rooms: Attic
Total rooms: 7

Building & exterior

Style: Cape Cod
Age: 81-90 Years
Exterior: Vinyl Siding
Roof: Asphalt
Foundation: Concrete Perimeter
Exposure: East

Parking

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

Lot & location

Lot dimensions: 50 x 120
Lot description: Mature Trees
Township: Fremont
County: Lake
Water body: DIAMOND LAKE

Utilities

Heating: Natural Gas, Forced Air
Cooling: Central Air
Water: Lake Michigan, Public
Sewer: Public Sewer
Electricity: 200+ Amp Service

HOA & community

Assessment includes: None
Community features: Park, Sidewalks, Street Lights, Street Paved

Schools

Elementary: Mechanics Grove Elementary Schoo (75)
Junior high: Carl Sandburg Middle School (75)
High school: Mundelein Cons High School (120)

Taxes & terms

Annual taxes: $6,884 (2025)
Parcel number (PIN): 10254310070000
PIN: 10254310070000
Ownership: Fee Simple
Possession: Closing
Special conditions: None
Listed: 8/5/2026

Rooms

Room	Size	Level	Flooring
Attic	34X5	Second
Bedroom 2	13X9	Second	Luxury Vinyl
Bedroom 3	12X9	Second	Luxury Vinyl
Bedroom 4		N/A
Dining Room	14X10	Main	Luxury Vinyl
Family Room		N/A
Kitchen	15X11	Main	Luxury Vinyl
Laundry	7X9	Main	Luxury Vinyl
Living Room	18X12	Main	Luxury Vinyl
Master Bedroom	11X11	Main	Luxury Vinyl

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