418 S Lake Terrace, Mundelein, IL 60060

• 3 beds |
• 2 baths |
• 1,225 sqft

Property Description

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!

Listing Status:

Active

Data Last Updated:

August 24, 2026 at 2:18AM

Listing Office:

@properties Christie's International Real Estate : 847-826-2178

Listing Agent:

Tara Kelleher : 847-826-2178

MLS ID:

12723287

Interior

• General: 1st Floor Bedroom1st Floor Full BathOpen Floorplan
• Rooms: Attic
• Appliances: RangeMicrowaveDishwasherRefrigeratorWasherDryerDisposalStainless Steel Appliance(s)
• Dining: Separate
• Laundry: Main LevelIn Unit
• Basement: Crawl Space
• A/C: Central Air
• Heating: Natural GasForced Air
• Disability Feature: None

Exterior

• Style: Cape Cod
• Parking: AsphaltShared DrivewayYesDetachedGarageParking spaces: 1

Construction

• Roofing: Asphalt
• General: 2 StoriesConcrete Perimeter

Location

• HOA Amenities: ParkSidewalksStreet LightsStreet PavedNot Applicable
• Originating MLS: mred
• School District: 75
• County: Lake

Lot

• Zoning: 10254310070000
• Fencing: Partial

Utilities

• Utilities: 200+ Amp Service
• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple