Mundelein · Lake County · IL
Homes for sale in
Lakewood Village.
- Active listings
- 3
- Median list
- $430K
- Avg time on market
- 4 days
- Sold · last year
- 8
Active listings
3 homes on the market
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About the community
A low-maintenance, attainable townhome and duplex community in south Mundelein.
Lakewood Village is an established townhome and duplex community in Mundelein in Lake County, built by Lakewood Homes in the mid 1990s. It sits on the south side of the village along Butterfield Road just south of Route 60, and is attached-housing only, with rowhouse-style townhomes and paired duplexes carrying English-themed street names such as Orleans, Derby, and Newport. The community has a lower-maintenance, entry-oriented character within Mundelein's broader mix of single-family neighborhoods, and it is a mature, fully built-out community rather than new construction.
At a glance
Townhomes and duplexes
Attached homes only, rowhouse-style townhomes plus paired duplexes, most with two bedrooms and a few three-bedroom plans.
Lakewood Homes, mid 1990s
Built by Lakewood Homes roughly 1994 to 1996, with efficient, practical floor plans of the era.
Metra in Mundelein
The Milwaukee District North line Mundelein station offers rail service toward Chicago Union Station.
Off Route 60
On Butterfield Road just off Route 60 (Townline Road), with US-45, Route 83, and I-94 within easy reach.
Retail close by
Shopping and dining along the Route 60 and Route 45 and 83 corridors and in nearby Vernon Hills and Libertyville.
Condell nearby
Advocate Condell Medical Center in Libertyville is a few miles away.
Low-maintenance living
The association handles lawn care, snow removal, and exterior upkeep, with common open space and guest parking.
What’s close
Lakewood Village sits on Butterfield Road just off Route 60 in south Mundelein, near Metra, retail, and the I-94 corridor.
- Train
- The Metra Milwaukee District North line Mundelein station provides service toward Chicago Union Station.
- Highway
- Route 60 (Townline Road) with US-45 and Route 83 nearby for north-south travel and I-94 to the east.
- Schools
- Verify by address: aggregator data lists Hawthorn District 73 feeding Mundelein High School District 120, but the site sits near a district boundary. Confirm with Lake County district maps.
- Shopping
- Retail and dining along the Route 60 and Route 45 and 83 corridors and in nearby Vernon Hills and Libertyville.
- Hospital
- Advocate Condell Medical Center in Libertyville, a few miles away.
- Recreation
- Mundelein Park District facilities nearby, plus common open space within the community.
What it’s actually like to live here
Lakewood Village suits buyers who want ownership in Mundelein without the upkeep of a detached house. The association handles lawn care, snow, and exterior maintenance, which makes it an easy fit for first-time buyers, busy professionals, and downsizers. The mid-1990s attached homes are modestly sized and practical, and the Butterfield and Route 60 location puts major roads, Metra, retail, and healthcare within a short drive, so daily errands and the Chicago commute are both manageable.
The tradeoffs are the tradeoffs of any attached-home association community. You pay a monthly assessment on top of your mortgage and taxes, and you accept association rules on things like exterior changes, parking, and pets. Square footage is efficient rather than generous, most homes are two bedrooms, and yard space is shared common area rather than a private lot. Buyers who want a big yard, a garage workshop, or full control over the exterior will feel constrained here.
The bigger honest caveat for Lake County generally is property taxes, which run well above the national average and meaningfully affect monthly cost even when the purchase price is attainable. Prospective buyers should budget for both the association dues and the tax bill, confirm the school assignment for their specific address, and review the association's reserves and rules before committing. For anyone comfortable with those items, Lakewood Village offers a relatively affordable, low-maintenance foothold in a well-located Mundelein community.
The questions buyers actually ask
Lakewood Village FAQ
The questions I get most from buyers shopping Lakewood Village. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Lakewood Village has a homeowners association with monthly dues that vary by unit type and size, reported in the low-to-mid $200s a month. Dues typically cover landscaping and lawn care, exterior maintenance, snow removal, and common-area insurance. Confirm the current budget, reserves, bylaws, and rules with the managing agent before purchase, since fee amounts and the exact inclusion list change over time.
- When was Lakewood Village built?
- Lakewood Homes built the community between 1994 and 1996. Lakewood Homes stopped new construction in 1996, so every sale today is a resale.
- What's the typical closing timeline?
- 30 to 60 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 60.
- What kind of homes are in Lakewood Village?
- Attached homes only: rowhouse-style townhomes and paired duplex homes built by Lakewood Homes in the mid 1990s, generally two bedrooms with a few three-bedroom plans.
- Is there an HOA and what does it cover?
- Yes. There is a monthly association assessment reported in the low-to-mid $200s that typically covers landscaping and lawn care, snow removal, exterior maintenance, and common-area insurance. Confirm the current amount and full inclusion list with the managing agent, since these change over time.
- What school district serves Lakewood Village?
- This should be verified by exact address. Aggregator data lists Hawthorn District 73 feeding Mundelein High School District 120, but the community sits near a district boundary and could fall under another Mundelein elementary district. Confirm with Lake County district maps or the district offices before relying on it.
- How is the market and what do homes cost here?
- Lakewood Village is one of the more attainable, mid-market ownership options in Mundelein. Rather than quote a figure that changes, see the live Market snapshot on this page for current prices, inventory, and sales activity.
- How is the commute and access to highways and transit?
- The community is on Butterfield just off Route 60 (Townline Road), with US-45 and Route 83 nearby for north-south travel and I-94 to the east. Downtown Mundelein's Metra Milwaukee District North station offers rail service toward Chicago.
- Are property taxes high?
- Yes, by national standards. Mundelein and Lake County effective rates run roughly in the 2.5 to 2.9 percent range depending on the parcel and exemptions, well above the national average. Verify the exact figure for a specific unit with the Lake County Treasurer or Assessor.
- Who is the real estate agent for Lakewood Village?
- Joe Keegan is the local licensed Illinois real estate broker who covers Lakewood Village in Mundelein, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Lakewood Village specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Lakewood Village
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Mundelein specialist
- Honest local market take
- Brokerocity
Market snapshot
Lakewood Village, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$430,000
Typical sale price · last 90 days
$340,000
Homes for sale right now
3
Avg time on market
4 days
Sold in the last year
8
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 9, 2025 through August 9, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
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