Active
3 beds1,150 sqft
518 Rae Ave, Lake Villa, IL 60046
Est: $1,754/moGet pre-approved
Single FamilyProperty Type
0.19 acresLot Size
1935Year Built
$235/sq ftPrice per sq ft
1 carParking Spaces

Description

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...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!
1 day on Market
  • Listed by: Manpreet Singh 847.887.9144 manpreetsingh3281@gmail.com;manpreetsinghlptrealty@gmail.com • LPT Realty
Last updated: 09/15/2026 09:12 AM • Source: MRED as distributed by MLS GRID, MLS#: 12759751

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Location

Listing Courtesy of LPT Realty
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$1,754 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,395

Property Taxes

$359

HOA Dues

$0

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Property Information for 518 Rae Avenue

Property Details
  • Taxes: $4,309 / year
  • MLS Type: Detached Single / 1 Story
  • County: Lake County
  • Area: Lake Villa / Lindenhurst
  • Township: Lake Villa
  • Ownership: Fee Simple
  • Num Of Garage Spaces: 1.0
  • Parking Included in Price: Yes
  • Air Conditioning Type: Central Air
  • Heat/Fuel: Natural Gas, Forced Air
  • Architectural Style: Ranch
Building Information
  • Year Built: 1935
  • Lot Size: 0.19 AC / 8,171 SF
General Information
School Information
  • Elementary School District: 41
  • High School District: 117
  • Middle Or Junior School District: 41
Addtl Parking Information
  • Parking Details: Brick Driveway, Yes, Garage Owned, Attached, Garage
Taxes and HOA Information
  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
Property Information
Interior Features
  • Interior Property Features: 1st Floor Full Bath, Quartz Counters
  • Num Of Rooms: 7
  • Bedrooms Total: 3
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 3
  • Air Conditioning: Central Air
  • Flooring: Hardwood, Carpet
  • Room Type: No additional rooms
  • Num of Baths: 1.0
Exterior Features
  • Type: 1 Story
Utilities / Equipment
  • Sewer: Other
  • Water: Well
  • Other Equipment: Water-Softener Owned, Ceiling Fan(s)
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Type Detached: 1 Story
  • Total Sq Ft: 0
  • Aprox Total Finished Sq Ft: 0
  • Total Finished and Unfin Sq Ft: 0
  • Lot Description: Corner Lot
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 75X109
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Exterior Building Type: Cedar
  • Construction: Cedar
  • General Information: None
  • Living Area Source: Assessor
  • Assessor Square Footage: 1150
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA, Cash
  • Public Document Count: 1
  • Document Date: 2026-09-15T13:39:47
  • Photos Count: 14
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Dimensions: 12X14
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 12X14
Bedroom #3 Information
  • 3rd Bedroom Level: Main
  • Room Type: Bedroom 3
  • Bedroom #3 Room Dimensions: 10X12
Bedroom #4 Information
  • 4th Bedroom Level: N/A
  • Room Type: Bedroom 4
Dining Room Information
  • Dining Room Level: Main
  • RoomType_DR: Dining Room
  • Dining Room Dimensions: COMBO
Family Room Information
  • Family Room Level: Main
  • RoomType_FR: Family Room
  • Family Room Dimensions: 14X16
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 12X16
Laundry Information
  • Laundry Level: N/A
  • Room Type: Laundry
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 12X16

Property History for 518 Rae Avenue

DateEvent & SourcePriceAppreciation
Sep 15, 2026

Cancelled

MRED #12728950

$270,000
Sep 15, 2026

Listed (Active)

MRED #12759751

$270,000
Sep 8, 2026

Listed (Active)

MRED #12728950

$270,000
DateEvent & SourcePrice
09/15/2026

Cancelled

MRED #12728950

$270,000
09/15/2026

Listed (Active)

MRED #12759751

$270,000
09/08/2026

Listed (Active)

MRED #12728950

$270,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 518 Rae Avenue

Taxable ValueLand$6,919Additions$49,466Total$56,385
Tax Record2025$4,390 ($366 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,150 SqFtAbove Grade Finished SqFt1,150 SqFtStories1Lot Size8,172 SqFtStyleSingle Family ResidenceYear Built1935Year Renovated1935CountyLAKEAPN02-32-102-013

Schools near 518 Rae Avenue

This home is within Chsd 117 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Olive C Martin School
PublicPK to 5

Peter J Palombi School
Public6 to 8

Lakes Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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518 Rae Avenue is a single family home for sale in Lake Villa, IL 60046. This property was listed for sale on September 15, 2026 by LPT Realty, it's currently listed at $270,000. It has been on the market for a total of 1 days and was last sold on June 3, 2026. This listing's school districts are Lake Villa Central Consolidated School District 41, Chsd 117 School District. Nearby schools include Olive C Martin School, Peter J Palombi School and Lakes Community High School. 518 Rae Avenue is a 3-bed, 1-bath, 1,150 sqft single family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LPT Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 09/15/2026 09:12 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.