$299,900

39180 N Petite Terrace, Lake Villa, IL 60046

Active
3 beds 1 baths 1,188 sqft (assessor) Built 1958 Residential MLS #MRD12755739 1 days on market
Listing courtesy of Results Realty USA · 847-395-2333 · MLS #MRD12755739 · Status: Active
Come see this rock-solid, all-brick ranch home tucked inside the historic Cedar Crest subdivision of unincorporated Lake Villa! Boasting a spacious 1,188 square feet of main-level living space plus an identical 1,188 square foot full basement, this property offers unmatched space and structural integrity. The interior features three comfortable bedrooms, beautiful kitchen equipped with premium granite countertops and stainless steel appliances. Outside, enjoy a fenced yard, a one-car attached garage, and a pristine brick exterior with sharp tuckpointing and a newer roof. Steeped in local heritage, this neighborhood sits just south of the historic 1880s estate grounds of E.J. Lehmann, the famous Chicago department store pioneer who originally established Lake Villa as a premier vacation oasis. Property owners enjoy prime water rights to [Petite Lake] and the massive Fox Chain O' Lakes-Midwest's premier freshwater system connecting 15 navigable lakes ! Access includes neighborhood parks, a convenient boat launch, and potential slip/pier availability via a low $75 annual HOA fee. Connected to city sewer with a private well. Bring your decorating vision to refresh the original hardwood floors and claim your slice of Lake Villa history! Listing agent is related to seller by marriage .

Property details

Interior

Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
Basement
Unfinished, Full
Additional rooms
No additional rooms
Total rooms
5

Building & exterior

Age
61-70 Years
Exterior
Brick
Roof
Asphalt
Foundation
Concrete Perimeter

Parking

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

Lot & location

Lot dimensions
0.19
Township
Lake Villa
County
Lake

Utilities

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

HOA & community

Assessment
$75 / annually
Assessment includes
Lake Rights

Schools

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

Taxes & terms

Annual taxes
$5,652 (2025)
Parcel number (PIN)
02303070050000
PIN
02303070050000
Ownership
Fee Simple w/ HO Assn.
Possession
Closing
Special conditions
None
Listed
9/10/2026

Rooms

RoomSizeLevelFlooring
Bedroom 211X10MainHardwood
Bedroom 311X10MainHardwood
Bedroom 4N/A
Dining RoomN/A
Family RoomN/A
Kitchen12X09MainHardwood
Laundry5X8Basement
Living Room19X12MainHardwood
Master Bedroom13X12MainHardwood

What would this home cost per month?

Using this listing's actual tax bill (2025) and actual HOA assessment — 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.

Recently sold nearby

AddressBeds / BathsSoldPrice
24874 W Lakeview Drive 3 bd / 1 ba Jan 2026 $315,000
24765 W Petite Lake Road 4 bd / 4.5 ba Apr 2026 $675,000
39460 N Park Avenue 3 bd / 2 ba Feb 2026 $212,500
24913 W North Road 3 bd / 2 ba Nov 2025 $349,900

Sold data courtesy of MRED as distributed by MLS GRID; properties may be listed or sold by various participants in the MLS.

Similar homes nearby

$329,000
3 bd · 1 ba · 1,144 sqft
39181 N Cedar Crest Drive, Lake Villa, IL 60046
$232,000
4 bd · 2 ba · 1,685 sqft
24857 W North Road, Lake Villa, IL 60046
$344,000
4 bd · 2 ba · 2,112 sqft
24903 W Oak Avenue, Lake Villa, IL 60046
Want to see this home?

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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