518 Rae Avenue Lake Villa, IL ^$ 274,900

518 Rae Avenue

^$ 274,900

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Recently Listed

Open House 7/19 12pm - 2pm

518 Rae Avenue

Lake Villa, IL, 60046

^$ 274,900

Bedrooms3 Baths1.0 Sq 1,150

Monthly Estimate*

^$ 1,736

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Single Family Home for sale in Lake Villa, IL

for $274,900 with 3 bedrooms and 1 full bath. This 1,150 square foot home was built in 1935 on a lot size of 0.1876.

Welcome to this spacious 3-bedroom, 1-bath ranch home! This move-in-ready home features brand-new hardwood flooring throughout the main living areas and new carpet in all three bedrooms. The updated kitchen offers beautiful quartz countertops and plenty of cabinet space. Freshly painted throughout, the home provides a bright and inviting atmosphere. Enjoy the charming front porch, perfect for relaxing or entertaining. Conveniently located in a great neighborhood, this home is an excellent opportunity for first-time buyers, downsizers, or investors. Don't miss your chance to make this wonderful home yours!

Open House

7/19/2026 12:00 PM - 2:00 PM

518 Rae Avenue Lake Villa, IL

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

^$ 274,900

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 4,308

Style

Ranch

Lot Size

0.1876

Year Built

1935

Town/City

Lake Villa

County/Region

Lake

MLS | Web ID

12705010

Features

General

Living Area 1150

Sewer Holding Tank

Heating Natural Gas Forced Air

Cooling Central Air

Possession Closing

HOA Fee 0

Garage Spaces 1

Association Fee Includes None

Architectural Style Ranch

Construction Materials Cedar

Year Built 1935

Township Lake Villa

Tax Year 2025

Ownership Fee Simple

Assoc Fee Paid Per Not Applicable

County Lake

New Construction N

Property Type Residential Detached Single

Total Rooms 7

Full Baths 1

Status New

Directions Route 83 N of Route 132 ( Grand Ave) to West Park Ave South to Rae w2 #

City Lake Villa

High School District 117

MLS Area Lake Villa / Lindenhurst

Tax Annual Amount 4308.66

Standard Status Active

Middle/Junior School District 41

Elementary School District 41

Interior

Basement None

Half Baths 0

Total Bedrooms 3

Room Type No additional rooms

Total Baths 1

Bedrooms Possible 3

Exterior

Parking Features Brick Driveway Yes Garage Owned Attached Garage

Lot Features Corner Lot

Water Source Well

Total Parking 1

Lot Dimensions 75X109

Lot Size Acres 0.1876

Waterfront Y/N N

* Excluded Features

List By

Lpt Realty

Broker

manpreetsingh3281@gmail.com;manpreetsinghlptrealty@gmail.com

Affordability Calculator

$2,095

Per Month

Monthly Principal & Interest: $1,736
Monthly Property Taxes: $359
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Single family listings in Lake Villa, IL

Average List Price ^$412,157

Percent of Sale Price 50%

About Lake Villa, IL

8,659 Population

29% Since 2002

^$81,346 Median Income

39.8 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

564501 Elementary School

568009 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/15/2026	$274,900		Listed Price

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518 Rae Avenue, Lake Villa, IL, 60046 is a Single Family Home for sale at $274,900 with 1,150 sqft and a lot size of 0.1876. 518 Rae Avenue has 3 bedrooms, 1.0 baths, and was built in 1935. The property's zip code is 60046 which is in Lake Villa, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

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 Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) 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 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.

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

Data is updated as of 7/18/2026.

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518 Rae Avenue

Single Family Home for sale in Lake Villa, IL

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