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Third Lake, IL Homes for Sale

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  • Lots 51 &52 Lake Ave, Third Lake, IL 60030
    Lots 51 &52 Lake Ave, Third Lake, IL 60030
    Lots 51 &52 Lake Ave, Third Lake, IL 60030
    /10

    $100,000

    • Land
    • 0.30 Acre
    • $333,333 per Acre

    Lots 51 &52 Lake Ave, Third Lake, IL 60030

    Build your dream home with breathtaking views! This rare 106x143x43x150 ft vacant lot backs directly to Rollins Savannah Forest Preserve, offering a stunning natural backdrop and year-round privacy. Located in the charming Village of Third Lake, this lot is part of a desirable lakefront community featuring high-end homes with exclusive access to a private beach and dock on Third Lake-perfect for

    Lynn Fairfield RE/MAX Suburban

    Lots 51 &52 Lake Ave, Third Lake, IL 60030
  • Lot 48 Lake Ave, Third Lake, IL 60030
    Lot 48 Lake Ave, Third Lake, IL 60030
    Lot 48 Lake Ave, Third Lake, IL 60030
    /9

    $65,000

    • Land
    • 0.18 Acre
    • $361,111 per Acre

    Lot 48 Lake Ave, Third Lake, IL 60030

    Build your dream home with breathtaking views! This rare 50x149 ft vacant lot backs directly to Rollins Savannah Forest Preserve, offering a stunning natural backdrop and year-round privacy. Located in the charming Village of Third Lake, this lot is part of a desirable lakefront community featuring high-end homes with exclusive access to a private beach and dock on Third Lake-perfect for

    Lynn Fairfield RE/MAX Suburban

    Lot 48 Lake Ave, Third Lake, IL 60030
  • 400 Seafarer Dr, Third Lake, IL 60030
    400 Seafarer Dr, Third Lake, IL 60030
    400 Seafarer Dr, Third Lake, IL 60030
    /26

    $389,900

    • 3 Beds
    • 3 Baths
    • 1,825 Sq Ft

    400 Seafarer Dr, Third Lake, IL 60030

    Enjoy Lakeside Living in Mariner's Cove! Welcome to Mariner's Cove, a unique community nestled between two beautiful lakes. Residents enjoy motorboating and jet skiing on Third Lake, or a peaceful paddle by canoe or kayak on non-motorized Druce Lake. A sandy beach offers the perfect spot to relax and unwind. This well-maintained 3-bedroom, 3-bath home offers 1,825 sq. ft. of comfortable living

    Scott Paul RE/MAX Suburban

    400 Seafarer Dr, Third Lake, IL 60030
  • 31101 N Fairfield Rd, Third Lake, IL 60030
    31101 N Fairfield Rd, Third Lake, IL 60030
    31101 N Fairfield Rd, Third Lake, IL 60030
    /22

    $65,000

    • Land
    • 1.00 Acre
    • $65,000 per Acre

    31101 N Fairfield Rd, Third Lake, IL 60030

    1 acre of Land to build your dream home or barndominium. This plan is simply an example of one of the many possibilities for this site. Your build possibilities and designs are endless. Use any builder you wish! Highly rated Fremont Elementary and Middle school. Please note this prototype features a working garage that would house 6 + cars, so the home on the site could be much bigger with a

    Kristina Betancourt Compass

    31101 N Fairfield Rd, Third Lake, IL 60030
  • 0 W Chardon Rd, Third Lake, IL 60030
    0 W Chardon Rd, Third Lake, IL 60030
    0 W Chardon Rd, Third Lake, IL 60030
    /5

    $349,000

    • Land
    • 6 Acres
    • $56,290 per Acre

    0 W Chardon Rd, Third Lake, IL 60030

    Welcome to this rare find on sought-after Chardon Road, offering 6 private and gorgeous acres of land with a pond! This expansive property is perfect for those looking to build their dream home in a quiet area with stunning views. The possibilities are endless with this land, allowing for a sustainable lifestyle and the opportunity to create your own estate in a country living setting. Horses and

    Sue Perdue Baird & Warner

    0 W Chardon Rd, Third Lake, IL 60030
  • 22731 W Townline Rd, Third Lake, IL 60030
    22731 W Townline Rd, Third Lake, IL 60030
    22731 W Townline Rd, Third Lake, IL 60030
    /14

    $3,500,000

    • Land
    • 246 Acres
    • $14,199 per Acre

    22731 W Townline Rd, Third Lake, IL 60030

    **Campbell Airport: Your Gateway to Opportunity in Lake County, IL** Welcome to Campbell Airport, a charming small-town airport with a big potential, perfectly nestled in the heart of fast-growing Lake County, Illinois. Privately owned yet open for public use, Campbell Airport is a cornerstone of the community, proudly serving the aviation needs of one of the top five Metropolitan Statistical

    Benjamin Lovinger Baird & Warner

    22731 W Townline Rd, Third Lake, IL 60030
  • 0 W Rollins Rd, Third Lake, IL 60030
    0 W Rollins Rd, Third Lake, IL 60030
    /2

    $4,000,000

    • Land
    • 67 Acres
    • $59,701 per Acre

    0 W Rollins Rd, Third Lake, IL 60030

    Grayslake has annexed this 67 acre parcel and previously approved a plan that depicts 105 single family lots. This parcel is adjacent to Carillon North. Sewer and water are nearby. Rollins Savannah, a 1200+ acre forest preserve is located just east of the site. The property is approximately 5 miles west of the full interchange of Interstate 94 & Rt. 132 and close to major shopping at Rollins &

    Eve Lee Eve B. Lee

    0 W Rollins Rd, Third Lake, IL 60030
  • 33945 N Lake Rd, Grayslake, IL 60030
    33945 N Lake Rd, Grayslake, IL 60030
    33945 N Lake Rd, Grayslake, IL 60030
    /19

    $320,000

    • 3 Beds
    • 1 Bath
    • 1,294 Sq Ft

    33945 N Lake Rd, Grayslake, IL 60030

    Lake Living! Absolutely adorable retreat situated on a double corner lot right across from Gages Lake. A new $3,000 designated and private pier was just installed for the new owners to indulge in boating, fishing, or going to the private beach to relax and swim. Indulge in your morning cup of coffee or tea on your screened in porch overlooking breathtaking water views! Boasting one of the most

    Ryan Harris Compass

    33945 N Lake Rd, Grayslake, IL 60030
  • 34871 N Lake Shore Dr, Lake Villa, IL 60046
    34871 N Lake Shore Dr, Lake Villa, IL 60046
    34871 N Lake Shore Dr, Lake Villa, IL 60046
    /10

    $425,000

    • Land
    • 0.00 Acre

    34871 N Lake Shore Dr, Lake Villa, IL 60046

    PRIME LOCATION-WATERFRONT! ATTENTION ALL BUILDERS AND DEVELOPERS***HOT OPPORTUNITY***PACKAGE INCLUDES 5 ADJOINING BUILDABLE RESIDENTIAL LOTS ON DRUCE LAKE WITH BREATHTAKING AND PICTURESQUE LAKE VIEWS AND UNFORGETTABLE SUNSETS, SOLD TOGETHER. DRUCE LAKE IS A GLACIAL LAKE WITH SOME OF THE BEST FISHING IN THE COUNTY. ENJOY SAILING, KAYAKING, SWIMMING AND NATURE AT ITS BEST. A COMMUTERS DREAM JUST

    TADEUSZ DOLECKI RE/MAX Properties Northwest

    34871 N Lake Shore Dr, Lake Villa, IL 60046
  • 34741 N Lake Shore Dr, Lake Villa, IL 60046
    34741 N Lake Shore Dr, Lake Villa, IL 60046
    34741 N Lake Shore Dr, Lake Villa, IL 60046
    /47

    $430,000

    • 2 Beds
    • 2 Baths
    • 1,940 Sq Ft

    34741 N Lake Shore Dr, Lake Villa, IL 60046

    Your lake house beckons! Beautifully located on the eastern shore of crystal clear Druce Lake, enjoy sunset views from your private lake front terrace and launch a kayak from your private dock. Charming, vintage lake house has been updated with a new cottage kitchen (2023) with white quartz countertops, and a soaring 2-story great room to gather in. Brand new wood burning stove (2024) is ideal

    Jennifer Berg HomeSmart Connect LLC

    34741 N Lake Shore Dr, Lake Villa, IL 60046
Illinois Third Lake

Real Estate & Homes for Sale in Third Lake, IL

Why Live in Third Lake

Third Lake offers a unique blend of water-based recreation and convenient access to urban amenities. Residents enjoy exclusive access to Third Lake and Druce Lake, perfect for boating, fishing, kayaking, and swimming. Druce Lake is motor-free, ideal for rowers and fishers, while motorboats are welcome on the larger Third Lake. The neighborhood is less than 50 miles from Chicago and has a rich history as a resort area dating back to the early 1800s. Today, year-round homes have replaced the seasonal cabins, with properties ranging from modest split-level houses to expansive lakefront homes. For those who prefer land-based activities, Caboose Park offers nostalgic playgrounds and an old train car for kids to explore, while Grant Woods Forest Preserve provides trails for hiking, biking, and winter sports like cross-country skiing and snowmobiling. Architecture enthusiasts can visit the New Gracanica Serbian Monastery, known for its stunning frescoes and domes. Families will find highly rated schools in the area, including B.J. Hooper Elementary School, Palombi Middle School, and Grayslake North High School, all known for their strong academic performance and supportive environments. Third Lake is also close to modern conveniences, with Gurnee Mills Mall just 3 miles away, featuring major retailers and a nearby Walmart Supercenter and Sam’s Club. Six Flags Great America is a short drive east on West Grand Avenue, offering a variety of thrill rides and family-friendly attractions. Local dining options include Something’s Brewing on Route 45. With a lower crime rate compared to the national average, Third Lake combines tranquility with the practicality of nearby shopping and entertainment.
Learn more about living in Third Lake

Frequently Asked Questions

What is the average home price in Third Lake, IL?
Homes for sale in Third Lake, IL have an average home price of $380,385.
Are home prices dropping in Third Lake?
Yes, home prices in Third Lake are down 16% in the last 12 months.
How many homes have sold over the last 12 months in Third Lake, IL?
6 homes have sold in Third Lake, IL over the last 12 months.
What are the most popular zip codes in Third Lake, IL?
The most popular zip codes in Third Lake, IL include 60010, 60047, 60062, 60014 and 60051.
How much do you need to make to afford a house in Third Lake?
The median home price in Third Lake is $369,900. If you put a 20% down payment of $74,000 and had a 30-year fixed mortgage with an interest rate of 6.81%, your estimated principal and interest payment would be $1,930 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $83K a year to afford the median home price in Third Lake.
How are the schools in Third Lake, IL?
Third Lake, IL has highly rated public and private schools. Some of the best schools in Third Lake based on Niche Grades are Grayslake North High School, Grayslake Central High School and Warren Township High School. Browse all the schools in Third Lake, IL to learn more.

Home Trends in Third Lake, IL

On average, homes in Third Lake, IL sell after 10 days on the market compared to the national average of 50 days. The median sale price for homes in Third Lake, IL over the last 12 months is $400,050, up 16% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$400,050
Median Single Family Sale Price
$385,000
Average Price Per Sq Ft
$199
Number of Homes for Sale
1
Last 12 months Home Sales
6
Months of Supply
2.00
Median List Price
$369,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
16%
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