Why Live in Ivanhoe
Ivanhoe, a neighborhood in Mundelein, Illinois, offers a blend of country club living and suburban convenience. The Ivanhoe Club, established in 1991, is a central feature, providing 27 holes of golf, an outdoor pool, and tennis courts. Homes in Ivanhoe range from contemporary properties in gated areas to stately residences with new traditional, French, and Queen Anne influences. The neighborhood is served by highly rated schools, including Fremont Elementary, Fremont Intermediate, Fremont Middle, and Mundelein High School. Residents have access to various shopping and dining options, such as Mundelein Crossing with Target and T.J. Maxx, and local eateries like Crossroads Restaurant & Bar. For those seeking things to do, Mundelein hosts weekly farmers markets, art fairs, and festivals, including the annual Mundelein Days and Winterfest celebrations. The neighborhood is about 35 miles from Chicago, with Metra train access 4 miles east and Chicago O’Hare International Airport 27 miles southeast. The area has a low crime risk compared to the national average, enhancing its appeal for families and professionals alike.
Frequently Asked Questions
Is Ivanhoe a good place to live?
Ivanhoe is a good place to live. Ivanhoe is considered very car-dependent and somewhat bikeable. Ivanhoe is a suburban neighborhood. Ivanhoe has 8 parks for recreational activities. It is sparse in population with 1.1 people per acre and a median age of 69. The average household income is $117,555 which is above the national average. College graduates make up 50.4% of residents. A majority of residents in Ivanhoe are home owners, with 5.1% of residents renting and 94.9% of residents owning their home. A
local real estate agent serving Ivanhoe can help you decide if this neighborhood is the right one for you. Learn more on our
Ivanhoe neighborhood guide.
How much do you need to make to afford a house in Ivanhoe?
The median home price in Ivanhoe is $437,500. If you put a 20% down payment of $87,500 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $97K a year to afford the median home price in Ivanhoe. The average household income in Ivanhoe is $118K.
What are the best public schools in Ivanhoe?
The best public schools that serve Ivanhoe are:
What are the most popular zip codes in Ivanhoe, Mundelein, IL?
What are the most popular neighborhoods near Ivanhoe, Mundelein, IL?
Are home prices dropping in Ivanhoe?
Yes, home prices in Ivanhoe are down 8% in the last 12 months.
Home Trends in Ivanhoe, IL
On average, homes in Ivanhoe, Mundelein sell after 53 days on the market compared to the national average of 70 days. The median sale price for homes in Ivanhoe, Mundelein over the last 12 months is $295,000, down 12% from the median home sale price over the previous 12 months.
Median Sale Price
$295,000
Median Single Family Sale Price
$295,000
Median 2 Bedroom Sale Price
$1,675,000
Average Price Per Sq Ft
$244
Number of Homes for Sale
7
Last 12 months Home Sales
11
Median List Price
$437,500
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
-12%