Ivanhoe / Mundelein Homes under $500,000

Welcome to the charming neighborhoods of Ivanhoe and Mundelein, nestled in the heart of Lake County, Illinois. This vibrant community is not only known for its picturesque landscapes and friendly atmosphere but also for its diverse real estate options that cater to a variety of lifestyles and budgets.

Ivanhoe offers a serene suburban vibe, characterized by its lush greenery, scenic lakes, and well-maintained parks, making it a perfect haven for families and nature lovers alike. The area boasts a strong sense of community, with local events and activities that bring residents together throughout the year. Whether you’re exploring the beautiful Ivanhoe Golf Club or enjoying a leisurely stroll along the peaceful trails, this neighborhood has something for everyone.

Mundelein, just a stone’s throw away, complements Ivanhoe with its rich history and modern amenities. The downtown area is bustling with quaint shops, delightful eateries, and community parks, providing a perfect blend of small-town charm and convenience. With excellent schools and recreational facilities, Mundelein is an ideal place for families looking to settle down.

One of the most appealing aspects of Ivanhoe and Mundelein is the availability of attractive homes priced under $500,000. From cozy single-family homes to contemporary townhouses, the real estate market here offers a variety of options that cater to first-time homebuyers and those seeking to downsize. With competitive pricing and a welcoming community, you’ll find the perfect place to call home in this picturesque corner of Illinois. Come discover the warmth and charm of Ivanhoe and Mundelein, where your dream home awaits!

Newest Ivanhoe / Mundelein Homes under $500,000

$350,000

4 Beds ⋅ 3 Baths ⋅ 12776359 MLS ⋅ NEW Status

Located in the sought after Loch Lomond area, this home is an affordable option for buyers with a keen eye for value! Spacious living room and dining room area is perfect for entertaining, along with an eat-in kitchen offering plenty of cabinet and counter space. The lower level features a cozy fireplace with gas logs plus access to the large backyard. Four nice-sized bedrooms with primary bedroom with it's own bath. Laundry room features both gas and electric dryer hookups. Major updates include a full roof replacement in 2017, furnace and AC in 2019, and water heater in 2021. The electrical panel and all circuit breakers were brought up to current village code in 2022, with GFCI outlets in the kitchen, bathrooms, and garage. A whole-house surge protector was also installed. The property is within walking distance to the private neighborhood lake, where you can enjoy fishing, boating, and sandy beaches. A great opportunity to make this home your own! Sold as is.

940 Ridgeland Avenue, Mundelein

$439,900

3 Beds ⋅ 3 Baths ⋅ 12776350 MLS ⋅ NEW Status

Welcome to Crossings of Mundelein! Built in 2021, this well maintained 3 bed, 2.5 bath two-story townhome offers about 2,000 sf of luxury living. Open main level with kitchen, dining, and living, newer LVP flooring, and a sliding door to an expanded, custom patio for dining and grilling. The kitchen features 42" white cabinets, quartz counters, subway-tile backsplash, island with under-mount sink, walk-in pantry, and stainless appliances. Powder room and coat closet near the front entry. Upstairs: primary suite with crown molding, dual vanities, glass-enclosed shower, and a walk-in closet for two; second-floor laundry with side-by-side washer/dryer and storage; two additional bedrooms with good closet space and a full bath with tub/shower. Smart home upgrades included! Near Route 83 and minutes from shopping, dining, and entertainment. Schools within about three miles.

2629 Martini Street, Mundelein

$279,000

3 Beds ⋅ 2 Baths ⋅ 12756003 MLS ⋅ NEW Status

Gorgeous 3-Bed, 2-Bath Condo in the Highly Desired Vernon Hills School District! Premium location within the complex, overlooking scenic walking paths, a beautifully maintained courtyard, and the community pool. This spacious second-floor unit features an open, airy layout with vaulted ceilings in both the living room and kitchen. The home has been freshly painted throughout and offers a brand-new kitchen with modern white cabinetry, quartz countertops, and stainless steel appliances. Brand-new luxury vinyl flooring enhances the main living areas, while the three bedrooms feature beautiful Brazilian cherry hardwood flooring. The spacious primary suite includes a walk-in closet and private en-suite bath. Two additional bedrooms share a full hall bathroom. Additional highlights include in-unit laundry, a two-year-old furnace and water heater, an attached one-car garage, and driveway parking for an additional two vehicles. Step down to the clubhouse. Perfect for an owner-occupant or investor, this home is ideally located near the Metra station, shopping, restaurants, Hawthorn Elementary, and Vernon Hills High School. The HOA includes water and trash service. Move-in ready, beautifully updated, and ideally located-this one is a must-see!

1228 Bradwell Lane Unit #C, Mundelein

673 E Fountainview Drive Unit #673, Mundelein

$349,500

3 Beds ⋅ 3 Baths ⋅ 12773468 MLS ⋅ NEW Status

673 E Fountainview Drive Unit #673, Mundelein

$419,900

3 Beds ⋅ 3 Baths ⋅ 12682137 MLS ⋅ NEW Status

This home has some of the best views in the neighborhood, looking out across the pond and park. Inside, it's move-in ready: freshly painted throughout, with brand-new carpet on both the first and second floors and new ceiling lights and fans. The 3-bedroom, 2.5-bath layout includes a kitchen with a bright eating area for morning coffee or casual dinners, and a family room with a cozy fireplace for cooler evenings. Downstairs, the finished basement adds flexible space for a rec room, home office, or gym, plus extra crawlspace storage. The big-ticket items are covered too: a new driveway, a new sump pump with battery backup, a 2-year-old A/C and garage door, and a newer roof. Leased solar panels help reduce monthly electric bills; lease details are available upon request. All that's left is to unpack and enjoy the view. Schedule your showing today!

449 S Pershing Avenue, Mundelein

$470,000

4 Beds ⋅ 3 Baths ⋅ 12768906 MLS ⋅ NEW Status

Welcome to 146 Michael Avenue in Mundelein! Nestled on a quiet cul-de-sac, this spacious 4-bedroom, 2.5-bath home offers approximately 2,279 square feet of living space, an inviting floor plan and a generously sized, fully fenced backyard. Step inside to discover soaring vaulted ceilings, skylights, abundant natural light and updated flooring that brings a fresh, modern feel to the home. The spacious living and dining areas provide plenty of room for entertaining, while the inviting family room features a cozy fireplace. Upstairs, you'll find four generously sized bedrooms, including a spacious primary suite with a private bathroom featuring a soaking tub, separate shower and double sinks. The full, partially finished basement offers additional recreational space and plenty of storage. Step outside to enjoy the expansive fenced backyard, complete with a deck and plenty of room for outdoor gatherings, entertaining or simply relaxing. An attached two-car garage adds everyday convenience. Ideally located near parks, schools, shopping, dining, Metra transportation and nearby recreational lakes, this Mundelein home combines generous living space, a desirable cul-de-sac setting and everyday convenience. Don't miss the opportunity to make this wonderful property your next home!

146 Michael Avenue, Mundelein

$499,999

3 Beds ⋅ 3 Baths ⋅ 12773677 MLS ⋅ NEW Status

Fabulous home in sought-after Loch Lomond. No cookie-cutter home or neighborhood here! Enjoy lake life with serene 75-acre Loch Lomond, complete with two beaches, swimming, fishing, kayaking, boating, boat storage and parks, all conveniently located just a short walk away. Keith Mione Park is also just a brief walk away and features a sledding hill, ice rink, multiple playgrounds, basketball, tennis and pickleball courts, and multiple baseball fields. The Mundelein Health and Fitness Center with indoor pool and Barefoot Bay Water Park are located just beyond. This mid-century-style home is loaded with character and a cool, artsy vibe, completely updated with an amazing outdoor living space that completes the package. Inside is spectacular, featuring a beautifully updated kitchen with eat-in island/breakfast bar and newer stainless-steel appliances. Enjoy a bathroom for every bedroom, including a main-floor in-law suite, along with a den, family room and living room. Upstairs is dedicated to the owner's suite, featuring a spacious bedroom with a vaulted tongue-and-groove wood-beam ceiling, loads of natural light, unique custom storage, a huge multipurpose loft area, a spectacular newly renovated ensuite bathroom, and an enclosed sunroom porch-perfect for a workout, relaxing or enjoying your morning coffee. Enjoy multiple entertaining spaces, from the front porch to the main-level sunroom complete with mini-bar, to the massive multi-level deck featuring a built-in outdoor grilling area, fire-pit area and gorgeous fenced-in yard. Walking distance to schools and shopping, in addition to the lake, beaches and parks. This is the PERFECT setting for relaxing, entertaining and enjoying everything Loch Lomond has to offer-and a MUST SEE! "What the owner loves about this home" We chose 305 Dunbar because it offers a rare combination that's difficult to replicate in a typical suburban neighborhood. The house is full of character, has plenty of living space, a beautiful yard and exceptional outdoor living, but the real differentiator is that it's part of Loch Lomond. We have access to a private 75-acre lake, two private beaches, swimming, fishing and kayaking, along with parks and neighborhood activities-all in one exceptional location. At the same time, we're in Mundelein, so we're close to downtown restaurants, grocery stores, parks, forest preserves, schools, the library, recreation and Metra. It's an established neighborhood rather than a cookie-cutter subdivision, with mature trees, varied architecture and larger lots. The Loch Lomond community hosts yearly events, and it's common to see neighbors enjoying the scenic three-mile walk or run around the lake. With electric motors only, the lake stays peaceful and quiet-a perfect backdrop for relaxed, community-focused living. We get the recreational lifestyle of a peaceful lake community without the premium of owning a waterfront house. For us, it's the combination of character, outdoor recreation, community and convenience that makes 305 Dunbar such a special place to call home.

305 Dunbar Road, Mundelein

$422,900

3 Beds ⋅ 4 Baths ⋅ 12771745 MLS ⋅ NEW Status ⋅ Lakewood Village BLDG.

Welcome to a home that truly has it all-space, comfort, privacy, and no HOA fees! This beautifully maintained 3-bedroom, 3.5-bath duplex in desirable Lakewood Village offers a spacious and thoughtfully designed layout with plenty of room to live, relax, and entertain. Step inside to a bright, open main level where a cozy double-sided wood-burning fireplace creates the perfect gathering space. The well-appointed kitchen with ample cabinetry flows naturally into the dining area, making it ideal for both everyday living and entertaining. Upstairs, the generous primary suite features a private bath and walk-in closet, while convenient second-floor laundry makes daily life easier. The finished basement adds valuable additional living space-perfect for a family room, home office, gym, or entertainment area. Outside, enjoy your private patio and fenced yard, perfect for morning coffee, summer evenings, or weekend gatherings. An attached 2-car garage and a convenient location near parks, schools, shopping, and everyday amenities complete the package. A wonderful place to call home!

1424 Derby Lane, Mundelein

$410,000

4 Beds ⋅ 2 Baths ⋅ 12768565 MLS ⋅ NEW Status

Welcome to this distinctive brick home in a desirable Mundelein location, offering a flexible layout with a separate guest or in-law entrance. Ideal for extended living arrangements, guests, or additional private space, the thoughtfully designed floorplan provides versatility rarely found in a traditional single-family home. The home's brick exterior is complemented by a detached brick garage. Inside, you'll find multiple living spaces, an eat-in kitchen, spacious bedrooms, and a finished basement that provides additional valuable space. A full-sized hot tub is also included, offering the perfect spot to relax and unwind. Notable improvements include a new roof and gutters in 2019, the refinished basement in 2019, and new windows and doors in 2015. Located directly across from Loch Lomond, this home offers a convenient setting near the lake and surrounding Mundelein amenities. Schedule your private showing today!

213 Edgemont Street, Mundelein

$474,990

3 Beds ⋅ 3 Baths ⋅ 12717843 MLS ⋅ ACTIVE Status

Discover yourself at 2048 Yellowstone Blvd in Mundelein, Illinois, a modern new townhome in our Townes at Oak Creek community. This brand-new townhome will be ready by Winter. Homesite includes a fully sodded yard that is maintained throughout the year as well as snow removal in the winter. This End Unit Y, with private entrance Y Garfield townhome plan offers 1,752 square feet of living space with 3 bedrooms, 2.5 baths, and a finished flex room. As you step inside the front door, you'll be greeted by the flex room, perfect for a home office, playroom, or 2nd family room. Walking up the stairs you will find this home's open concept living with 9-foot ceilings and luxury vinyl plank flooring throughout the main level kitchen and dining, and bathrooms. Additionally, your kitchen features Quartz countertops, a large island that is ideal for everyday living, 42" designer cabinetry with soft closed doors and crown molding, stainless steel appliances and pantry. The great room leads out to an elongated deck over the 2-car garage. Arriving at the top floor, you'll find the primary suite, secondary bedrooms with a full second bath, linen closet, and laundry room. Enjoy a spacious primary bedroom suite with a large walk-in closet and connecting en suite bathroom with a walk-in shower. Our Chicago home include our America's Smart Home Technology, featuring a smart video doorbell, smart thermostat, smart door lock, smart light switches and more. Photos are of a similar home. Actual home built may vary.

2048 Yellowstone Boulevard, Mundelein

$479,990

3 Beds ⋅ 3 Baths ⋅ 12762892 MLS ⋅ ACTIVE Status

Discover yourself at 2053 Sequoia Ave in Mundelein, Illinois, a modern new townhome in our Townes at Oak Creek community. This end unit townhome is ready for a late winter / early Spring move in. Homesite includes a fully sodded yard that is maintained throughout the year as well as snow removal in the winter. Also located in Stevenson High School district! This Gregory floorplan offers 1,798 square feet of living space with 3 bedrooms, 2.5 baths, and a flex room. As you step inside the front door, you'll be greeted by the flex room, perfect for a home office, playroom, or 2nd family room. Walking up the stairs you will find this home's open concept living with 9-foot ceilings and luxury vinyl plank flooring throughout the main level. The expansive kitchen overlooks both the front dining and back great room areas making it the perfect space to entertain. Additionally, your kitchen features Quartz countertops, a large island that is ideal for everyday living, 42" cabinetry with soft close doors and crown molding, stainless steel appliances, and a pantry. Arriving at the top floor, you'll find the primary suite, secondary bedrooms with a full second bath, linen closet, and laundry room. Enjoy a spacious primary bedroom suite with a large walk-in closet and connecting en-suite bathroom with a walk-in shower. All Chicago home includes our America's Smart Home Technology. Photos are of a similar home. Actual home built may vary.

2053 Sequoia Avenue, Mundelein

$479,990

3 Beds ⋅ 3 Baths ⋅ 12762945 MLS ⋅ ACTIVE Status

Discover yourself at 2045 Sequoia Ave in Mundelein, Illinois, a modern new townhome in our Townes at Oak Creek community. This end unit townhome is ready for a late winter / early Spring move in. Also located in Stevenson High School district! This Gregory floorplan offers 1,798 square feet of living space with 3 bedrooms, 2.5 baths, and a flex room. As you step inside the front door, you'll be greeted by the flex room, perfect for a home office, playroom, or 2nd family room. Walking up the stairs you will find this home's open concept living with 9-foot ceilings and luxury vinyl plank flooring throughout the main level. The expansive kitchen overlooks both the front dining and back great room areas making it the perfect space to entertain. Additionally, your kitchen features Quartz countertops, a large island that is ideal for everyday living, 42" cabinetry with soft close doors and crown molding, stainless steel appliances, and a pantry. Arriving at the top floor, you'll find the primary suite, secondary bedrooms with a full second bath, linen closet, and laundry room. Enjoy a spacious primary bedroom suite with a large walk-in closet and connecting en-suite bathroom with a walk-in shower. All Chicago home includes our America's Smart Home Technology featuring Smart Home. Photos are of a similar home. Actual home built may vary.

2045 Sequoia Avenue, Mundelein

Start Your Search

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 our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) 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 accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. 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.

Copyright 2026 MRED LLC. All rights reserved.

Based on information submitted to the MLS Grid as of . All data is obtained from various sources and has not been, and will not be, verified by broker or MLS Grid. MRED 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.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the DMCA) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Some listings have been excluded from this website.