Situated along beautiful Diamond Lake just 36 miles north of Chicago is the peaceful residential community of Mundelein. Mundelein's real estate options offer buyers a variety of single family homes, townhouses, and condos. Located in the midst of Lake County, Mundelein is home to over 32,000 residents. Route 45 runs adjacent to the community and frequent air travelers will be pleased to discover that Chicago O'Hare and Chicago Midway international airports are both within an hour's drive.
The community's economy is thriving and diverse. More than 800 employers are located in Mundelein, including Medline Industries, Rexam Medical Packaging and MacLean-Fogg, Washburn Guitar, and Motorola. Local students in grades K-12 are served by Mundelein Consolidated High School District #120 and Mundelein Elementary School District # 75. Several excellent colleges and universities are also nearby, including those in the Chicago area.
Mundelein offers plenty of recreational amenities and is particularly well-known for its lush, well-maintained golf courses. Seven public courses can be found throughout the community and surrounding areas, including the Steeple Chase Golf Course, Countryside Golf Course East and West and Indian Creek Golf Course. Ivanhoe Country Club is also nearby. Swimming pools, more than 20 parks, a community center and Diamond Lake provide even more opportunities for outdoor fun and games. And of course, a slew of cultural, dining and entertainment amenities can be explored in the nearby city of Chicago.
Local Real Estate Market: Prices of Mundelein Homes for Sale
Mundelein's real estate market is made up primarily of single family homes, although plenty of low-maintenance condos and townhouses can be found as well. Prices for homes in Mundelein start from $80,000 - $2 million for large Mundelein luxury homes and estate properties. Some extravagant homes are priced at upwards of $1 million. Many homes offer amenities such as spas, hot tubs, fireplaces and large wooded lots, while a few offer scenic water views, water frontage or golf course lots. Condominiums in Mundelein and Diamond Lake area townhouses are priced from $85,000 to $230,000. Plenty of land and lots in Mundelein are available for residents who wish to custom build their home or investment property.
Mundelein Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $312,418 compared to $312,418 the previous week, to remain steady with no change in listing price. For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.