Date
Details
Price
Change
Source
5/19/2026
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$425,000 Just Listed
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1/22
Property Description
ABSOLUTELY WONDERFUL REMODEL of this vintage charmer on a Perfect Corner Lot, only 1 block from Diamond Lake! New Flooring, New Lighting, New Electrical, New Baths and New HVAC. Enjoy the Beautifully Remodeled Island Kitchen, featuring all New SS Appliances, 42" White Shaker Cabinets and Quartz Countertops. Tons of Windows Throughout! 1st Floor Laundry/Mudroom AND a Huge ALL- SEASON ROOM Overlooking the Large Backyard complete the Main Floor. Upstairs you'll find 3 Bedrooms with Lots of Storage and Natural Light and a New Full Bath! The Basement Offers a HUGE new Rec Room with Recessed Lighting, FULL Bath and a Separate Workroom/Storage Room. 2 Car Detached Garage. DON'T MISS THIS FABULOUS OPPORTUNITY!
Full Property Details
Full Property Details for 401 S Lake Terrace
General
- Price: $425,000
- Taxes: $8,046 (2024)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12649628
- Updated: 5/19/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: Finished, P
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room
- Appliances: Range, Microwave, Dishwasher, High-End Refrigerator, Freezer, Washer, Dryer, Stainless Steel Appliance(s)
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
- Basement Baths: Yes
Bedrooms
- Total Bedrooms: 3
Additional Information
- Other Features: School Bus Service, Commuter Train
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: Ivanhoe / Mundelein
- County: Lake
- Township: Fremont
- Driving Directions: Lake St (Rt 45) to Lakeview to S Lake Terrace
School Information
- School District: 75
- Elem School District: 75
- Midd School District: 75
- High School District: 120
- High School: Mundelein Cons High School
- Private School: Mundelein Cons High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Vinyl Siding, Brick
- Exterior Const.: Vinyl Siding, Brick
- Basement: Yes
- Basement Desc.: Finished, Partial
- Square Feet: 1,750
- Sq. Ft. Source: Estimated
- Year Built: 1943
- Built Before 1978: Yes
- Remodeled/Updated: 2026
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 8525
Financial Considerations
- Assessment Year: 1943
- Tax Amount: $8,046
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 10254320010000
Listed by Jameson Sotheby's Intl Realty
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Listing agents
— 401 S Lake Terrace —
Jameson Sotheby's Intl Realty
Jameson Sotheby's Intl Realty
(773) 914-4422
NMLS#: 1598647
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Schools
Schools serving 401 S Lake Terrace
School Districts:Mundelein Elementary School District 75, Mundelein Consolidated High School District 120
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, Mundelein, IL 122 South Garfield Avenue, Mundelein, IL 60060 | K-2 | 0.3 mi |
Mechanics Grove Elementary School 1200 North Midlothian Road, Mundelein, IL 60060 | 3-5 | 2 mi |
Carl Sandburg Middle School, Mundelein, IL 855 West Hawley Street, Mundelein, IL 60060 | 6-8 | 1 mi |
Mundelein Cons High School 1350 West Hawley Street, Mundelein, IL 60060 | 9-12 | 1.3 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 401 S Lake Terrace
Tax History
Tax History for 401 S Lake Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,046
13%
$93,145
4%
2024
$7,141
6%
$89,151
20%
2023
$6,706
20%
$74,259
10%
2022
$5,594
2%
$67,374
16%
2021
$5,486
3%
$58,238
3%
2020
$5,305
—
$56,635
3%
2019
$5,305
-1%
$54,773
—
2018
$5,376
3%
$54,805
3%
2017
$5,234
3%
$53,080
5%
2016
$5,085
3%
$50,413
7%
2015
$4,940
—
$47,261
—
2014
$4,960
4%
$47,261
1%
2013
$4,771
-7%
$46,563
-12%
2012
$5,105
—
$52,770
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 401 S Lake Terrace
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- Single Family
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Listed by Laura Bellisario
401 S Lake Terrace, Mundelein, IL 60060 (MLS# 12649628) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 401 S Lake Terrace is currently listed for $425,000 and was received on May 19, 2026. Want to learn more about 401 S Lake Terrace? Do you have questions about finding other Single Family real estate for sale in Mundelein? You can browse all Mundelein real estate or contact a Coldwell Banker agent to request more information.