1431 Derby Lane Mundelein, IL $ 350,000
1431 Derby Lane
$ 350,000
Recently Listed
Open House 3/27 11am - 1pm
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1431 Derby Lane

Mundelein, IL, 60060
$ 350,000
Bedrooms2 Baths2.1 Sq 1,566

Monthly Estimate*

$ 2,155

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Multi-Family Home for sale in Mundelein, IL

for $350,000 with 2 bedrooms and 2 full baths, 1 half bath. This 1,566 square foot home was built in 1994.

FRIDAY 3/27 OH 11a-1p. Stunning updated duplex townhome located in the highly coveted Lakewood Village! No association fees! Completely rehabbed in 2024, this beautifully updated home offers a modern, move-in-ready design with thoughtful finishes throughout. The open and functional layout features brand new engineered hardwood floors, a stunning kitchen with quartz countertops, abundant cabinet space, new appliances, and spacious living and dining areas perfect for everyday living and entertaining. The second level includes a bright open loft overlooking the main living area currently used as a second living area or office, but easily convertible to a 3rd bedroom. Generous bedroom sizes include a primary suite with a walk-in shower, a second full bath with a soaking tub, and an additional powder room on the main level. Enjoy outdoor living with a fully enclosed yard and patio, along with the convenience of a 2-car garage and driveway parking. Major mechanical updates include furnace, A/C, and water heater (2021), roof (2024), and appliances (2022-2023). Investor friendly with no rental restrictions. Located in the highly rated Hawthorn District 73 (K-8) schools, with an unbeatable location close to parks, shopping, dining, and just 4 minutes to the Metra for an easy commute. A truly special home you won't want to miss!

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Open House

3/27/2026 11:00 AM - 1:00 PM
1431 Derby Lane Mundelein, IL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 350,000

Bedrooms

2

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 8,048

Style

1/2 Duplex

Year Built

1994

Town/City

Mundelein

County/Region

Lake

MLS | Web ID

12588693

Features
General
Living Area 1566
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Possession Closing
Roof Asphalt
HOA Fee 0
Garage Spaces 2
Association Fee Includes None
Construction Materials Vinyl Siding Brick
Pets Allowed Cats OK Dogs OK
Year Built 1994
Electric 100 Amp Service
Township Vernon
Tax Year 2024
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Lake
New Construction N
Property Type Residential Attached Single
Association Amenities Fencing
Subdivision Name Lakewood Village
Other Structures None
Total Rooms 6
Full Baths 2
Status New
Directions Butterfield Rd. West on Orleans Dr. North on Derby Ln.
High School Mundelein Cons High School
City Mundelein
High School District 120
MLS Area Ivanhoe / Mundelein
Elementary School Hawthorn Elementary School (Sout
Tax Annual Amount 8048
Middle/Junior High School Hawthorn Middle School South
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 73
Elementary School District 73
Sub Type 1/2 Duplex
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Interior
Interior Amenities Cathedral Ceiling(s) Quartz Counters
Basement None
Total Stories 2
Half Baths 1
Laundry Features Upper Level Gas Dryer Hookup In Unit
Total Bedrooms 2
Room Type Loft
Total Baths 3
Bedrooms Possible 2
Total Number of Units 2
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Exterior
Model DUPLEX
Parking Features Asphalt Garage Door Opener Yes Garage Owned Attached Owned Garage
Water Source Public
Total Parking 4
Lot Dimensions 33.45 X 112
Waterfront Y/N N
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* Excluded Features
List By
Compass

Broker

jamie.stoner@compass.com;jamie@jamieresidential.com

Email

Affordability Calculator

$2,826
Per Month
76%
24%
0%
Monthly Principal & Interest
$2,155
Monthly Property Taxes
$671
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5040777 Elementary School
5376464 Middle School
Mundelein Cons High School High School
Pricing History
DatePricePrice ChangeDescription
3/25/2026$350,000 Listed Price

Map


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1431 Derby Lane, Mundelein, IL, 60060 is a Multi-Family Home for sale at $350,000 with 1,566 sqft. 1431 Derby Lane has 2 bedrooms, 2.1 baths, and was built in 1994. The property's zip code is 60060 which is in Mundelein, IL