$270,000

518 Rae Avenue, Lake Villa, IL 60046

Active
3 beds 1 baths 1,150 sqft (assessor) Built 1935 Residential MLS #MRD12728950 7 days on market
Listing courtesy of LPT Realty · 877-366-2213 · MLS #MRD12728950 · Status: Active
Welcome to this spacious 3-bedroom, 1-bath ranch home! This move-in-ready home features brand-new hardwood flooring throughout the main living areas and new carpet in all three bedrooms. The updated kitchen offers beautiful quartz countertops and plenty of cabinet space. Freshly painted throughout, the home provides a bright and inviting atmosphere. Enjoy the charming front porch, perfect for relaxing or entertaining. Conveniently located in a great neighborhood, this home is an excellent opportunity for first-time buyers, downsizers, or investors. Don't miss your chance to make this wonderful home yours!

Property details

Interior

Basement
None
Additional rooms
No additional rooms
Total rooms
7

Building & exterior

Style
Ranch
Age
91-100 Years
Exterior
Cedar

Parking

Garage spaces
1
Total spaces
1
Parking details
Brick Driveway, Yes, Garage Owned, Attached, Garage

Lot & location

Lot dimensions
75X109
Lot description
Corner Lot
Township
Lake Villa
County
Lake

Utilities

Heating
Natural Gas, Forced Air
Cooling
Central Air
Water
Well
Sewer
Other

HOA & community

Assessment includes
None

Schools

Elementary
(41)
Junior high
(41)
High school
(117)

Taxes & terms

Annual taxes
$4,308 (2025)
Parcel number (PIN)
02321020130000
PIN
02321020130000
Ownership
Fee Simple
Possession
Closing
Special conditions
None
Listed
8/10/2026

Rooms

RoomSizeLevelFlooring
Bedroom 212X14MainCarpet
Bedroom 310X12MainCarpet
Bedroom 4N/A
Dining RoomCOMBOMain
Family Room14X16Main
Kitchen12X16Main
LaundryN/A
Living Room12X16Main
Master Bedroom12X14MainCarpet

What would this home cost per month?

Using this listing's actual tax bill (2025) — adjust anything.

Rates move daily — edit to today's quote. Under 20% down adds PMI automatically.

Estimated monthly payment
$0
Principal & interest
Property taxes
Insurance
PMI (under 20% down)
HOA / assessments

Estimates only — not a loan offer or quote; your rate, insurance and PMI depend on your credit and lender. Run other scenarios on the full mortgage calculator, or ask us to connect you with lenders our clients actually close with.

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Want to see this home?

The Dawn Simmons Team (RE/MAX Suburban) can show you any listed property and give you a straight answer on what it's really worth. Call/text Josh at (224) 628-4013.

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