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
Price:
$339,000
MLS #:
MRD12723287
Status:
Active Under Contract
Beds:
3
Baths:
2
Type:
Single Family
Subdivision:
North Shore Park
Neighborhood:
ivanhoemundelein
Listed Date:
Aug 5, 2026
Finished Sq Ft:
1,225
Year Built:
1941
See this Listing
Schools
School District:
120
Elementary School:
Mechanics Grove Elementary Schoo
Middle School:
Carl Sandburg Middle School
High School:
Mundelein Cons High School
Interior
Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Heating
Natural Gas, Forced Air
Interior Features
1st Floor Bedroom, 1st Floor Full Bath, Open Floorplan
Laundry Features
Main Level, In Unit
Exterior
Architectural Style
Cape Cod
Community Features
Park, Sidewalks, Street Lights, Street Paved
Construction Materials
Vinyl Siding
Fencing
Partial
Garage Spaces
1
Lot Features
Mature Trees
Parking Features
Asphalt, Shared Driveway, Yes, Detached, Garage
Parking Spots
1
Parking Total
1
Roof
Asphalt
Financial
HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2025
Taxes
$6,884
Map
Community
- Address418 S Lake Terrace Mundelein IL
- SubdivisionNorth Shore Park
- CityMundelein
- CountyLake
- Zip Code60060
Market Summary
Current real estate data for Single Family in Mundelein as of Oct 10, 2026
108
Single Family Listed
46
Avg DOM
239
Avg $ / SqFt
$526,196
Avg List Price
Property Summary
- Located in the North Shore Park subdivision, 418 S Lake Terrace Mundelein IL is a Single Family for sale in Mundelein, IL, 60060. It is listed for $339,000 and features 3 beds, 2 baths, and has approximately 1,225 square feet of living space, and was originally constructed in 1941. The current price per square foot is $277. The average price per square foot for Single Family listings in Mundelein is $239. The average listing price for Single Family in Mundelein is $526,196.
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Copyright 2026. All rights reserved.
418 S Lake Terrace
Mundelein, IL


