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Margaret "Marge" Bowen
REALTOR®
(815) 222-5665

1431 Derby Lane, Mundelein, IL 60060

$350,000
  • 1431 Derby Lane, Mundelein, IL 60060 Main Photo

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Contingent
BEDS2 BATHS2 full 1 partial SQUARE FEET1,566 MLS#12588693
STATUSContingent PROPERTY TYPEResidential - SUBDIVISIONLakewood Village SCHOOLDistrict 120

Property Description

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!

1431 Derby Lane | MLS# 12588693

This home located at 1431 Derby Lane, Mundelein, IL 60060 is currently listed for sale with an asking price of $350,000. This property was built in 1994 and has 2 bedrooms and 2 full and 1 partial baths with 1566 sq. ft. Derby Lane is located in the Lakewood Village subdivision within the District 120 school district. Search Lakewood Village real estate on mbowen.gogambino.com today.

Property Features

Property Type: Residential -
Basement: None
Cooling: Central Air
Garage: 2
Heating: Natural Gas
Lot Size: 33.45 X 112
Roof Type: Asphalt
Stories: 2.0
Taxes: $8,048
Year Built: 1994

Amenities

Cathedral Ceiling(s)
Quartz Counters

Feature Descriptions

Additional rooms: Loft
Additional Structures: None
Association Amenities: Fencing
Association Includes: None
Exterior: Vinyl Siding, Brick
Laundry: Upper Level, Gas Dryer Hookup, In Unit
Lot Dimensions: 33.45 X 112
Parcel#: 15051080250000
Parking: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Owned, Garage
Pet Allowed: Cats OK, Dogs OK
Sewer: Public Sewer
Total Rooms: 6
Township: Vernon
Water: Public

Room Sizes

Loft: 18X10
Bedroom 2: 11X11
Dining Room: 14X11
Kitchen: 12X11
Laundry: 9X6
Living Room: 19X12
Primary Bedroom: 16X12

Local Schools

High School: Mundelein Cons High School
Middle School: Hawthorn Middle School South
Elementary School: Hawthorn Elementary School (Sout
School District: District 120

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 312-319-1168

Shown By

Agent Name: Margaret "Marge" Bowen
Agent Phone: (815) 222-5665
Agency Title: Gambino Realtors

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Estimated Payment

$ 2,362.56 per month $1,589.81 Principal & Interest $670.67 Property Tax $102.08 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 04/17/2026. The listing information on this page last changed on 04/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/17/2026 5:29:10 AM EST) or MRED MLS (last updated Fri 04/17/2026 2:04:11 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/16/2026 10:16:31 PM EST) or Northern Illinois Commercial Association Realtors (last updated Thu 04/16/2026 2:10:13 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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