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Detached Single · Mundelein, IL
$339,000
3 beds · 2 baths · 1,225 sqft
418 S Lake Terrace, Mundelein, IL, 60060
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Central air1-car garageIn-unit laundry
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!
— the listing agent’s description

The home

3 beds
2 baths
1,225 sqft
Built in 1941
0.14-acre lot
1-car garage
Detached Single
Cape Cod

What it’ll cost

$277 / sqft
$6,884 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$2,475/mo
Principal & interest$1,802
Property taxes$574
Homeowners insurance$99
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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7 days on dwello
Price history
Listed for sale
Aug 6, 2026
$339,000
Earlier records
Sold
Nov 15, 2024
$285,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$6,884/yr
From county records — verify with the assessor.

Features

Central AirNatural GasForced AirVinyl SidingPublic SewerAsphaltShared Driveway

Schools

Elementary — Mechanics Grove Elementary Schoo
Middle — Carl Sandburg Middle School
High — Mundelein Cons High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Tara Kelleher · @properties Christie's International Real Estate
Listing last updated Aug 11, 2026 · data refreshed from the MLS Aug 11, 2026, 5:11 AM CT
Based on information submitted to the MLS GRID as of Aug 11, 2026, 5:11 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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