Browse All Oak Terrace Properties for Sale

4 Beds ⋅ 2 Baths ⋅ 12722101 MLS ⋅ ACTIVE Status

Welcome Home to this Ranch Style House in Unincorporated Mundelein. Water Rights to Diamond Lake! Walking distance to Boat Launch, Beach, Park and Piers! Property has 1,750 Square Feet of Living Space. Needs some TLC but, Great Bones and will need some updating. Home features 4 Bedrooms and 2 Full Baths. Also Featuring an Enormous Great Room with a Fireplace. Bring you Ideas and Convert it into a Real Gem! Property sits on a Private Corner Lot with Lush and Mature Vegetation. *Multiple Offers Received* Calling for Highest and Best by Sunday at 5pm.*

26216 N Elmwood Avenue, Mundelein

$855,000

2 Beds ⋅ 4 Baths ⋅ 12585933 MLS ⋅ CLOSED Status

Lakefront Living on Diamond Lake! Experience exceptional waterfront living in this beautifully updated lakefront residence offering panoramic views and seamless indoor-outdoor flow. Thoughtfully customized throughout, the home features upgraded doors, bespoke cabinetry, and refined finishes that elevate every space. The main level is an open-concept layout designed for entertaining, with expansive lake views & effortless access to outdoor living. The custom kitchen is appointed w/ custom cabinetry, a spacious island w/ seating, & adjacent dining & living areas. Sliding glass doors lead to a low-maintenance composite deck-ideal for hosting or relaxing lakeside. A convenient half bath & a well-equipped laundry room highlighted by a laundry chute, complete the main floor. Upstairs, the primary suite offers a private composite balcony overlooking the water-your own serene retreat. A second bedroom & versatile loft space (easily convertible to a 3rd bedroom) provide flexibility for guests or family. The walkout lower level expands the home's living potential w/ a 3rd bedroom, full bath, family room, & second full kitchen. With direct deck access, this level is perfectly suited for an in-law arrangement, guest quarters, or income-generating rental opportunity. Outdoor amenities include a private pier, boat lift, & jet ski lift-everything you need to enjoy the full Diamond Lake lifestyle. A rare opportunity to own a turnkey lakefront property w/ exceptional versatility & unmatched views.

26487 N Il Route 83 Route, Mundelein

$132,600

2 Beds ⋅ 1 Baths ⋅ 12560140 MLS ⋅ CLOSED Status

We have received Multiple Offers on this property. Highest & Best offer Due by Saturday February 21st by 3pm. We will review all offers Saturday evening. Chris Investor Opportunity with Lake Rights Near Diamond Lake Opportunity awaits with this partially completed rehab in unincorporated Mundelein, just blocks from Diamond Lake with lake rights and community access. The heavy lifting has already begun-major updates include a new roof, new windows, new furnace, new A/C, and a new deck. This property offers a spacious yard and strong upside potential. Perfect for investors, flippers, or rehabbers looking to finish the project and capitalize on after-repair value. Whether you're creating a year-round residence, vacation retreat, or income-producing rental, the possibilities are here. Full rehab project. Sold AS-IS. Ideal for cash buyers or renovation financing. Don't miss the chance to complete this transformation in a highly desirable lake-area location.

26300 N Maple Avenue, Mundelein

$925,000

4 Beds ⋅ 3 Baths ⋅ 12484586 MLS ⋅ CLOSED Status

Step into a dreamlike reality at your very own Lakefront Eden! Just 30 miles from the vibrant city life of Chicago, this stunning home on the highly sought-after Diamond Lake embodies the pinnacle of lakeside living. Nestled on a pristine 153-acre lake, this residence is your gateway to adventure with boating, fishing, and swimming right at your doorstep. Inside, a haven for entertainers awaits. This expansive 4,000-square-foot home offers breathtaking lake views from almost every room. The main level's open-concept design is perfect for unforgettable gatherings, while the upper level presents a tranquil guest suite complete with two bedrooms and a full bath. Working from home becomes a joy in the office, showcasing panoramic lake vistas. Unwind in the lower walk-out level designed for relaxation and fun, featuring a family room, guest room, a newly updated full bathroom, and a sleek new full bar. Wine lovers will revel in the 500-bottle wine cellar and tasting room. Outside, discover an oasis of outdoor delight with an expansive dock, inviting porch, generous patio, and a charming fire pit. With additional features like a Trex dock and pier, a spacious 2.5-car attached garage, and countless modern upgrades throughout, this is a rare opportunity to own the most luxurious spot on Diamond Lake. Embrace unparalleled views and amenities in this extraordinary lakeside retreat.

19330 W Lake View Avenue, Mundelein

$285,000

3 Beds ⋅ 1 Baths ⋅ 12480297 MLS ⋅ CLOSED Status

Welcome to this charming 3 bedroom, 1 bath ranch with lake rights, perfectly blending comfort and convenience in unincorporated Mundelein. Inside, you'll find fresh paint, brand new carpet, and newer stainless steel appliances, with an open concept layout and completely move-in ready. The exterior has been thoughtfully updated with a new roof, siding, and windows in 2019, ensuring peace of mind for years to come. Outside, enjoy an oversized 2-car garage, a spacious backyard perfect for gatherings, and the added benefit of lower taxes that come with unincorporated living. With access to the lake, a modernized interior, and a fantastic location, this home is a must-see!

26325 N Walnut Avenue, Mundelein

$428,000

3 Beds ⋅ 2 Baths ⋅ 12448583 MLS ⋅ CLOSED Status

Welcome to your year-round retreat by the lake! Tucked away in the friendly Oak Terrace subdivision, this charming 3-bedroom, 2-bath raised ranch is more than a house-it's a cozy escape from the busyness of everyday life. With lake rights to Diamond Lake, a private boat launch, beach, and access to neighborhood parks, you'll enjoy the perfect balance of relaxation and recreation right outside your door. Step inside and you'll be greeted by a bright, spacious kitchen with rich cherry cabinets, stainless steel appliances, and a welcoming breakfast bar that opens into the family room. Gather around the fireplace on cool evenings, or unwind in the primary suite complete with a spa-like bath featuring a Jacuzzi tub, double sinks, and walk-in closet w/custom shelving system. The full, unfinished basement with 9' ceilings offers endless potential-whether you dream of a home theater, recreation space, or extra bedrooms, there's room to make it truly yours. It offers an egress window & is plumbed for a bathroom. Outside, the large deck and backyard provide plenty of space for family cookouts, morning coffee, or watching the seasons change. In summer, enjoy boating and swimming; in winter, cozy up after ice-fishing or snowmobiling. The home has been beautifully updated with: paint carpet, light fixtures, kitchen sink, plumbing fixtures, nest thermostat, security system, sump pump, garage drywall, gutters w/guards, flashing, oven, microwave, and more! Main floor laundry room. Radon mitigation system in place. This is one you don't want to miss!

26332 N Hickory Avenue, Mundelein

$329,900

3 Beds ⋅ 2 Baths ⋅ 12427547 MLS ⋅ CLOSED Status

Walking distance to your own private beach and a view of the Lake from your deck!! This beautiful 3 bedroom, 1 1/2 bath home is situated near Diamond Lake. Once inside you will be amazed on the size of the living room with hardwood flooring, can lighting and a sliding door to the 18x22 deck. The kitchen comes equipped with all the appliances, ceramic flooring and new can lighting. All 3 bedrooms have can lighting and hardwood floors, and the hall bathroom has double sinks. Lower level offers a good size rec room, 1/2 bath, laundry room with a door to the 2.5 car garage. There's also a door in the garage leading to your great size fenced in back yard with a storage shed. RECENT UPDATES INCLUDE: The deck was repainted and new stairs installed in 2024, Roof 2022, A/C 2021, Furnace 2019, Hot water heater 2015, Siding and Gutters 2022, Well Pump 2025, Whole house filter 2020, Can lights 2025, Living room ceiling fan 2025 ~ There's a $175/yr association to help maintain the lake and beach area.

26339 N Hickory Avenue, Mundelein

$290,000

2 Beds ⋅ 2 Baths ⋅ 12341539 MLS ⋅ CLOSED Status

Perfect package at a perfect price! Two bedroom, 1 1/2 bath Cape Cod offers you resort like living year round! Access to beautiful Diamond Lake is literally in your back yard! Seller has updated this home with so many great features! Newer appliances, rear slider, & new bathroom window in upstairs bath (5/2025)! New driveway 2024, sump pump (2024, laminate flooring (2023), H2O (2022), New deck (2022), updated full bath, Nest thermostat, Ring doorbell, washer/dryer (2018). The detached two car garage is perfect to store your water sport toys, kayak, & fishing gear. This home even comes complete with a home for your chickens! Pergola and picnic table make your outdoor space enjoyable plus the outdoor fire pit! Brand new shingle roof on home (5/2025). Rear of home is in the flood plain and seller currently pays approximately 500.00 for policy.

26426 N Willow Avenue, Mundelein

$370,000

4 Beds ⋅ 3 Baths ⋅ 12128860 MLS ⋅ CLOSED Status

Welcome to your dream home nestled in the serene surroundings of Diamond Lake! This stunning property boasts an incredible kitchen featuring 42" cabinets, stainless steel appliances, wine refrigerator and an overhead vent for the stove, perfect for culinary enthusiasts. Entertain in style with multiple outdoor seating areas in the beautifully backyard. With four bedrooms and 2.5 baths, this home offers ample space. Step into luxury in the gorgeous master bathroom, where you can unwind and relax after a long day. New carpeting in 3 bedrooms and wonderful hardwood floors on the first floor add a touch of elegance. No basement so no worries of flooding. The outdoor storage shed provides convenience for your outdoor equipment. Wake up to breathtaking views of the channel to Diamond Lake right from your front door. Don't miss out on the opportunity to make this your forever home, where comfort, style, and tranquility await. Schedule your viewing today and experience the magic of this wonderful community!

26285 N Willow Avenue, Mundelein

$160,000

1 Beds ⋅ 1 Baths ⋅ 12106826 MLS ⋅ CLOSED Status

Waterfront opportunity at an unbelievable price! The home sits right on the water and even has a pier. Nice size yard, mature trees, a deck and even a shed. Area offers a private beach and boat launch. Home has vinyl windows, kitchen was remodeled at some point, hardwood floors in some rooms and a huge area upstairs. Basement/cellar does have foundation issues. Home will not be able to be financed with a conventional mortgage. Perfect home for a rehabber or flipper.

26357 N Elmwood Avenue, Mundelein

$43,333

12053347 MLS ⋅ CLOSED Status

Exciting opportunity on Diamond Lake! Offering three buildable lots at the channel's entrance-perfect for a single dream waterfront home or multiple investment properties. Enjoy local parks, a beach, and motor boating for all your aquatic sports. Ideal for builders or those seeking a serene lakeside retreat.

26436 N Willow Avenue, Mundelein

$43,333

12051846 MLS ⋅ CLOSED Status

26442 N Willow Avenue, Mundelein

$307,000

3 Beds ⋅ 2 Baths ⋅ 11947336 MLS ⋅ CLOSED Status

BACK ON MARKET!!!! Buyer had a change in circumstances! Quietly tucked away on a beautiful lot, this affordable & quaint Cape Cod with an east coast flair let's you live large in Oak Terrace! Less than a block away from all the amenities of desirable Diamond Lake! Spend this summer boating, swimming, family picnics & so much more at the Diamond Lake Recreation center with 100 acres to enjoy! Oak Terrace is a Golf Cart Community, too! Sellers built a fabulous two car garage (2018) to house vehicles or your water sport toys! Updated baths (2022), updated electric, insulation (2022), exterior doors, refreshed three season room (2022), gutter guards (2022), & reverse osmosis system! This vintage home still maintains some of it's original architectural character featuring hardwood floors & brick fireplace with gas logs (2020) & built ins! Enjoy relaxing after your work day or on weekends in your easy to maintain fenced back yard with patio & shed! Don't miss this great opportunity to make your investment in such a desirable waterfront community! ALL OFFERS MUST HAVE APPROVAL LETTER OR PROOF OF FUNDS WHEN SUBMITTED. Seller will not accept buyer love letters

26338 N Hickory Avenue, Mundelein

$40,000

11892063 MLS ⋅ CLOSED Status

Fantastic opportunity! Land in Oak Terrace Subdivision ready to build your home. Beach and Lake rights on Diamond Lake. There is a small house on the land, tear down. Excellent value!

26300 N Maple Avenue, Mundelein

$299,900

3 Beds ⋅ 2 Baths ⋅ 11846509 MLS ⋅ CLOSED Status

Beautiful ranch style home with huge backyard and four car garage. Stainless steel appliances, granite counter tops, freshly painted throughout. Recent updates include:Driveway 2019, water softener 2018, sump pumps 2019, stove & microwave 2021, deck 2020, remodeled basement 2021, garbage disposal 2022. Too much to list, come and see today. House is move in ready and close to everything. Street sewage system has been improved. Streets will be paved by December.

26151 N Walnut Avenue, Mundelein

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