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103 S Lake Street

Mundelein, IL 60060

5 beds
3 baths
– sqft
~1/2 acre lot
1895 build
– on site

This charming old Mundelein Farmhouse, now converted to a 2 unit, is a dream opportunity for investors! This solid 2-flat property is brimming with personality and potential! Set on an extra-large corner lot, it offers abundant space for vehicles, tools, outdoor storage, or all your "plain ol' stuff" (we get it lol!). It's perfect for contractors, landscapers, or anyone who needs room for a truck(s). The oversized garage is a major bonus, accommodating up to 3 vehicles with ease. Each unit features 2 bedrooms and 1 bathroom, making it a versatile investment or a perfect multi-generational living solution. Dreaming of a single-family home? This beauty can easily be converted back, adding even more value to its farmhouse charm. The partially finished basement is ripe with possibilities, offering room to add another bedroom and bathroom. Plus, the location is unbeatable! Just moments away from Mundelein's highlights, including parks, dining, shopping, and endless recreation around the scenic Diamond Lake. Whether you're an investor or someone looking for a place with character and flexibility, this property checks all the boxes! Don't miss your chance to own a piece of Mundelein magic.

Listing courtesy of MRED / E- Signature Realty as distributed by MLS GRID

Last checked: Checking… • Last updated Feb 26, 2025 •

MLS# 12298822 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1895
Rebuilt:

No
New Construction:

false
Architectural Style:

Farmhouse
Model:

FARMHOUSE
Roof:

Asphalt
Basement:

Full
Exterior Features:

Storms/Screens, Cable Access, Workshop
Other Equipment:

TV-Cable, Ceiling Fan(s), Water Heater-Gas

Interior

Rooms Total:

11

Location

Directions:

LAKE ST & ORCHARD JUST SOUTH OF DOWNTOWN
Location:

27849

The Property

Parcel Number:

11303090010000
Property Type:

Residential Income
Location:

B
Lot Features:

Corner Lot, Sidewalks, Streetlights
Lot Size Dimensions:

120X153
Lot Size Acres:

0.42
Zoning:

MULTI
Waterfront:

false
Additional Parcels:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

7260.76

Beds

Bedrooms Total:

5
Bedrooms Possible:

5

Baths

Baths:

3
Full Baths:

3

The Listing

Special Listing Conditions:

List Broker Must Accompany

Heating & Cooling

Heating:

Steam, Radiant

Utilities

Sewer:

Public Sewer
Water Source:

Lake Michigan

Schools

Elementary School:

Washington Early Learning Center
Elementary School District:

75
Middle Or Junior School:

Carl Sandburg Middle School
Middle Or Junior School District:

75
High School:

Mundelein Cons High School
High School District:

120

The Community

Subdivision Name:

Lakewood Heights
Community Features:

Park

Parking

Parking Total:

5
Garage Type:

Detached
Garage Spaces:

5
Garage Onsite:

Yes
Garage Ownership:

Owned

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/26/25 Feb 26, 2025	Listed / Active	MRED	$375,000

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This multifamily located in Lakewood Heights, Mundelein, IL 60060 is currently for sale for $375,000. 103 S Lake Street is a – square foot multifamily with 5 beds and 3 baths that has been on Estately for 0 days. 103 S Lake Street is in the Lakewood Heights neighborhood of Mundelein and has a WalkScore® of 66, making it somewhat walkable. This multifamily is in the attendance area of Washington Elementary School, Carl Sandburg Middle School, Mechanics Grove Elementary School, and Mundelein Cons High School.

Listing courtesy of MRED, E- Signature Realty, and Stewart Ramirez as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Feb 26, 2025, 04:15 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.