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$347,000
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Property Description
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
Full Property Details for 338 S Lake St
General
- Sold For: $347,000
- Taxes: $7,948 (2024)
- Status: Closed
- Type: Single Family
- Source: MRED
- MLS ID: 12588538
Interior
- Fireplace: Yes
- 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 / Wildwood
- County: Lake
- Driving Directions: Belvidere Rd. (Rte 120) to Lake St. south to home
School Information
- School District: 46
- Midd School District: 46
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Steam
Utilities
- Water: Public
Structural Information
- Construction: Stucco
- Exterior Const.: Stucco
- 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
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 6342100210000
Listed by Village Realty
Sold by Baird & Warner
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Schools
Schools serving 338 S Lake St
School Districts:Grayslake Consolidated Community School District 46, Grayslake Community High School District 127
| Name | Grades | Distance |
|---|---|---|
Prairieview School, Hainesville, IL 103 East Belvidere Road, Hainesville, IL 60030 | K-4 | 1.1 mi |
Grayslake Middle School 440 Barron Boulevard, Grayslake, IL 60030 | 7-8 | 1.1 mi |
Grayslake Central High School 400 North Lake Street, Grayslake, IL 60030 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
338 S Lake Street, Grayslake, IL 60030 (MLS# 12588538) is a Single Family property that was sold at $347,000 on May 01, 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.

