For sale Home

Listed Oct 28, 2026

$339,000 Est. $2,242/mo

418 South Lake Terrace

  • 3

    Beds

  • 2

    Baths

  • 1,225

    Sq ft

The story

  • Basement

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. This truly is a rare opportunity to own a charming and updated home in Mundelein!

Facts & features

Home type

Home

Year built

1941

Price per sq ft

$277

Parking

1-car garage

Included features

  • Basement

    Yes

  • Cooling

    Central Air

  • Heating

    Gas, Forced Air

  • Appliances

    Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)

  • Roof

    Asphalt

  • Lot Information

    Mature Trees

  • Water Source

    Lake Michigan, Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$2,242 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $1,804
  • Property tax $339
  • Insurance $99

Includes principal, interest, taxes & insurance.

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Listing Broker

@properties Christie's International Real Estate

Broker Name

@properties Christie's International Real Estate

Agent

Tara Kelleher