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$349,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,100 Sq. Ft.
  • 3 Car Garage
  • Updated 17 hours ago
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This charming 2 BD 2 BA Spanish-Style home built in 1928 sits on two 50x132 lots. Short walking distance to the train station (.2 mi), downtown Grayslake (.5 mi), and Grayslake Central Highschool (.9 mi). This home is perfect for first time home buyers, city workers looking to move to the burbs and want an easy train commute, empty nesters looking to downsize and stay in Grayslake with lower property taxes, or investors who want to develop the 2nd lot. Extra lot is zoned residential. Detached 3 car garage for the cars and toys and a separate shed for your lawn equipment. The horseshoe driveway wraps around the house creating 2 driveways for all your parking needs. Inside features real hardwood floors, original sconces, wood burning fireplace (not operational), stainless steel appliances, and built in storage. Full unfinished basement with 2nd full bathroom. LG front load washer and Dryer included. Home is heated by radiant heat and has central AC. Some updates include: New Garage roof 2026, Hot Water Heater 2025, Fence 2023, Garage Siding 2022, Driveway seal coated in 2025, Drain Tile System installed in basement 2021, GE Stainless Oven and Dishwasher (2021), Radon Mitigation System (2020). LOW PROPERTY TAXES for Grayslake!! House is being sold AS IS awaiting your personal touch!

Full Property Details for 338 S Lake St

General

  • Price: $349,900
  • Taxes: $7,948 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12588538
  • Updated: 3/23/2026
  • Added to Site: 1 day(s) ago

Interior

  • Basement: Unfinished
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement Baths: Yes

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Other Features: School Bus Service, Commuter Train

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Total Spaces: 3
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: Gages Lake / Grayslake / Hainesville / Third Lake
  • County: Lake
  • Township: Avon
  • Driving Directions: Belvidere Rd. (Rte 120) to Lake St. south to home

School Information

  • School District: 46
  • Elem School District: 46
  • Midd School District: 46
  • High School District: 127

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Steam

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Stucco
  • Exterior Const.: Stucco
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Square Feet: 1,100
  • Sq. Ft. Source: Estimated
  • Year Built: 1928
  • Built Before 1978: Yes

Lot Features

  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 132 x 100
  • Fence: Yes
  • Fencing (Description): Fenced

Financial Considerations

  • Assessment Year: 1928
  • Tax Amount: $7,948
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 6342100210000

Listed by Village Realty

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— 338 S Lake St —

  • Village Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 338 S Lake St

School Districts:Grayslake Consolidated Community School District 46, Grayslake Community High School District 127
NameGradesDistance
Prairieview School, Hainesville, IL
103 East Belvidere Road, Hainesville, IL 60030
K-41.1 mi
Grayslake Middle School
440 Barron Boulevard, Grayslake, IL 60030
7-81.1 mi
Grayslake Central High School
400 North Lake Street, Grayslake, IL 60030
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 338 S Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Listed
$349,900
62.74%
MLS
9/15/2020
Sold
$215,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 338 S Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,940
8%
$63,761
9%
2023
$5,484
1%
$58,518
13%
2022
$5,407
14%
$51,747
4%
2021
$4,735
-9%
$49,737
5%
2020
$5,190
—
$47,324
4%
2019
$5,193
3%
$45,404
2%
2018
$5,059
2%
$44,483
6%
2017
$4,979
5%
$41,843
8%
2016
$4,744
4%
$38,626
9%
2015
$4,581
6%
$35,287
—
2014
$4,340
2%
$35,287
7%
2013
$4,240
1%
$32,861
-11%
2012
$4,216
—
$37,035
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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338 S Lake Street, Grayslake, IL 60030 (MLS# 12588538) is a Single Family property with 2 bedrooms and 2 full bathrooms. 338 S Lake Street is currently listed for $349,900 and was received on March 23, 2026. Want to learn more about 338 S Lake Street? Do you have questions about finding other Single Family real estate for sale in Grayslake? You can browse all Grayslake real estate or contact a Coldwell Banker agent to request more information.

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