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$350,000 Contingent

  • For Sale
  • Contingent
  • Condo / Townhouse
  • 2 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,566 Sq. Ft.
  • 2 Car Garage
  • Updated 5 days ago
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Stunning updated duplex townhome located in the highly coveted Lakewood Village! No association fees! Completely rehabbed in 2024, this beautifully updated home offers a modern, move-in-ready design with thoughtful finishes throughout. The open and functional layout features brand new engineered hardwood floors, a stunning kitchen with quartz countertops, abundant cabinet space, new appliances, and spacious living and dining areas perfect for everyday living and entertaining. The second level includes a bright open loft overlooking the main living area currently used as a second living area or office, but easily convertible to a 3rd bedroom. Generous bedroom sizes include a primary suite with a walk-in shower, a second full bath with a soaking tub, and an additional powder room on the main level. Enjoy outdoor living with a fully enclosed yard and patio, along with the convenience of a 2-car garage and driveway parking. Major mechanical updates include furnace, A/C, and water heater (2021), roof (2024), and appliances (2022-2023). Investor friendly with no rental restrictions. Located in the highly rated Hawthorn District 73 (K-8) schools, with an unbeatable location close to parks, shopping, dining, and just 4 minutes to the Metra for an easy commute. A truly special home you won't want to miss!

Full Property Details for 1431 Derby Ln

General

  • Price: $350,000
  • Taxes: $8,048 (2024)
  • Status: Contingent
  • Type: Condo /Townhouse
  • Source: MRED
  • MLS ID: 12588693
  • Updated: 3/29/2026
  • Added to Site: 10 day(s) ago

Interior

  • Basement: None
  • Interior Features: Cathedral Ceiling(s), Quartz Counters

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Fencing

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 4
  • Parking Features: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Owned, Garage

Location

  • Area: Ivanhoe / Mundelein
  • County: Lake
  • Township: Vernon
  • Subdivision: Lakewood Village
  • Driving Directions: Butterfield Rd., West on Orleans Dr., North on Derby Ln.

School Information

  • School District: 73
  • Elem School District: 73
  • Midd School District: 73
  • High School District: 120
  • Elementary School: Hawthorn Elementary School (Sout
  • Middle School: Hawthorn Middle School South
  • High School: Mundelein Cons High School
  • Private School: Mundelein Cons High School

Community

  • Assoc. Fees Include: None
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK
  • Pet Restrictions: Cats OK, Dogs OK, / 999lbs.

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Half Duplex
  • Model: DUPLEX
  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement Desc.: None
  • Roof: Asphalt
  • Common Walls: End Unit
  • Windows: Screens
  • Entry Floor Number: 1
  • Stories/Levels: 2
  • Square Feet: 1,566
  • Sq. Ft. Source: Plans
  • Year Built: 1994

Unit Information

  • Units in Building: 2

Manufactured Home

  • Model: DUPLEX

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Dimensions: 33.45 x 112
  • Fence: Yes
  • Fencing (Description): Fenced

Animals

  • Animals Allowed: Cats OK, Dogs OK

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1994
  • Tax Amount: $8,048
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 15051080250000

Listed by Compass

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Schools serving 1431 Derby Ln

School Districts:Hawthorn Community Consolidated School District 73, Mundelein Consolidated High School District 120
NameGradesDistance
Hawthorn Elementary School South
430 North Aspen Drive, Vernon Hills, IL 60061
1-50.3 mi
Hawthorn School for Young Learners
637 North Aspen Drive, Vernon Hills, IL 60061
K-0.5 mi
Hawthorn Middle School South
600 North Aspen Drive, Vernon Hills, IL 60061
6-80.4 mi
Mundelein Cons High School
1350 West Hawley Street, Mundelein, IL 60060
9-123.3 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 1431 Derby Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2026
Listed
$350,000
33.33%
MLS
4/28/2021
Sold
$262,500
—
Public Record
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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 1431 Derby Ln

Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,931
13%
$93,672
6%
2023
$7,001
3%
$88,386
15%
2022
$6,828
—
$76,559
1%
2021
$6,856
-2%
$75,734
—
2020
$7,018
—
$75,993
-3%
2019
$7,018
3%
$78,060
4%
2018
$6,792
2%
$74,942
2%
2017
$6,663
3%
$73,193
4%
2016
$6,462
3%
$70,088
7%
2015
$6,262
5%
$65,545
—
2014
$5,949
4%
$65,545
7%
2013
$5,736
2%
$61,311
-4%
2012
$5,636
—
$63,587
—
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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1431 Derby Lane, Mundelein, IL 60060 (MLS# 12588693) is a Condo / Townhouse property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 1431 Derby Lane is currently listed for $350,000 and was received on March 25, 2026. Want to learn more about 1431 Derby Lane? Do you have questions about finding other Condo / Townhouse real estate for sale in Mundelein? You can browse all Mundelein real estate or contact a Coldwell Banker agent to request more information.

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