$365,000
SOLD MAY 11, 2025

103 S Lake St Mundelein, IL 60060

5 Beds
3 Baths
2,192 Sq Ft
0.42 Acres

Recently Sold

$167 Per Sq Ft

3% Below List Price

14 Days on Market

Highlights

  • 0.42 Acre Lot
  • Property is near a park
  • Corner Lot
  • Mundelein Cons High School Rated A
  • Farmhouse Style Home
  • Ceiling Fan

About This Home

As of May 2025

Own a piece of Mundelein history! This charming old farmhouse, now converted to a 2 unit, is a dream opportunity for investors or those willing to put in a little work and love into their new home. This solid 2-flat property is brimming with personality and potential! Set on an extra-large corner lot with an extended driveway, it offers abundant space for vehicles, tools, toys, outdoor storage, or all your "plain ol' stuff" (we get it lol!) It's perfect for contractors, landscapers, or anyone who needs space for work vehicles or trucks. The oversized garage is huge, accommodating up to 5 cars with ease. Each unit features generous room sizes, 2 bedrooms, plenty of closet space, 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 full of possibilities, offering another full bathroom and room to add another bedroom, rec room, storage units- The choice is yours. 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 historical piece of Mundelein magic.

Last Agent to Sell the Property

Stewart Ramirez

E- Signature Realty License #471020107 Listed on: 02/26/2025

Last Buyer's Agent

Kim Ehler

Compass License #475123421

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,261

Year Built

  • Built in 1895

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 120x153
  • Corner Lot
  • Additional Parcels

Parking

  • 5 Car Garage
  • Parking Included in Price

Home Design

  • Farmhouse Style Home
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Window Screens
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Location

  • Property is near a park

Schools

  • Washington Early Learning Center Elementary School
  • Carl Sandburg Middle School
  • Mundelein Cons High School

Utilities

  • Heating System Uses Steam
  • Radiant Heating System
  • Lake Michigan Water
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Lakewood Heights Subdivision, Farmhouse Floorplan

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,261

Year Built

Built in 1895

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Subdivision Name: Lakewood Heights
  • Year Built: 1895
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Block, 8 ft + pour, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Other Equipment: TV-Cable, Ceiling Fan(s), Water Heater-Gas
  • Window Features: Screens
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Frame
  • List Price: 375000
  • Lot Features: Corner Lot
  • OtherStructures: Workshop
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 5
  • Parking Features: Garage Door Opener, Tandem, On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 5

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Radiant
  • Utilities: Cable Available
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Sidewalks, Street Lights
  • Conversion YN: N

Schools

  • Elementary School: Washington Early Learning Center
  • High School: Mundelein Cons High School
  • Middle/Junior School: Carl Sandburg Middle School
  • Middle/Junior School District: 75

Lot Info

  • Additional Parcels Description: 11303090020000,11303090030000,11303090150000
  • Additional Parcels: Yes
  • Lot Size Acres: 0.42
  • Lot Dimensions: 120X153
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7260.76
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
Apr 1, 2025
Sold by
Miller Christine
Bought by
Rodriguez Jose and Rodriguez Marsha
Seller's Agent
Stewart Ramirez
E- Signature Realty
Buyer's Agent
Kim Ehler
Compass
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%
Views
157
Current Estimated Value
$352,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,973
Avg. Annual Appreciation
-21.55%

Purchase Details

Closed on
Mar 27, 2019
Sold by
Miller Rosanna and Miller Christine
Bought by
Miller Christine
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $355,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $241,000 Credit Line Revolving
Previous Owner $58,000 Unknown
Previous Owner $20,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2025 05/11/25 Sold $365,000 -2.7% $167 / Sq Ft
03/12/2025 03/12/25 Pending -- -- --
02/26/2025 02/26/25 For Sale $375,000 -- $171 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,218 $64,374 $13,212 $51,162
2023 $5,218 $57,646 $11,831 $45,815
2022 $5,259 $55,407 $11,371 $44,036
2021 $5,099 $54,214 $11,126 $43,088
2020 $4,796 $50,765 $10,418 $40,347
2019 $4,271 $45,711 $9,381 $36,330
2018 $4,244 $45,527 $7,541 $37,986
2017 $4,216 $44,090 $7,303 $36,787
2016 $4,050 $41,803 $6,924 $34,879
2015 $3,911 $39,072 $6,472 $32,600
2014 $4,898 $38,548 $6,385 $32,163
2012 $4,767 $48,604 $8,051 $40,553
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12298822

Midwest Real Estate Data (MRED)

APN: 11-30-309-002