NEW 17 HRS AGO
For sale
$269,000
Est. $1,980/mo —
3
bd
•
1 ba
•
1,150
sq ft

518 Rae Ave, Lake Villa, IL 60046

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About this home

Single-familyProperty Type
1935Year Built
8,171 sq ftLot Size
$234Price/Sq.Ft.
1 car garageParking
Listed by Manpreet Singh • LPT Realty
Listing updated:
Redfin checked: a minute ago
•Source:MRED as Distributed by MLS Grid #12784076
17 hours on Redfin • 263 views • 11 favorites

Payment calculator

$1,980 per month

Principal and interest$1,505
Property taxes
HOA dues
Home insurance
Utilities
Down payment
20% ($53,800)
Home price
$269,000
Loan details
30-yr fixed, 7.5%
5 minutes to get started. No credit impact. 

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Open houses
No upcoming open houses.

Around this home

Schools

Olive C Martin School

Public PreK-5 • Assigned • 0.9mi

6/10
Peter J Palombi School

Public 6-8 • Assigned • 1.3mi

5/10
Lakes Community High School

Public 9-12 • Assigned • 2.1mi

8/10
Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

518 Rae Ave · $269,000
DAYS ON MARKET
1 days
The average home goes pending in 50 days.
SALE-TO-LIST
100.1%
Most homes are selling 0% above list price.
LIST PRICE
$269,000
Median sale price in this area is $449,071. (67% higher than this home)
PRICE DROP
0 price drops
16% of homes in this area have had a price drop in the past month.

Property details

Kitchen

Kitchen

Bathroom

Bathroom

Bedroom

Bedroom

Living

Living

  • Interior features
  • First-floor full bathroom
  • Ceiling fans
  • Owned water softener
  • Bedrooms
  • 3 bedrooms on the main level
  • Bathrooms
  • 1 full bathroom
  • Laundry & utility
  • Laundry in garage
  • Flooring
  • Hardwood and carpet
  • Heating & cooling
  • Natural gas forced-air heating
  • Central air conditioning

Sale and tax history for 518 Rae Ave

Public record

Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
8,172 Sq. Ft.
Year renovated
1935
Finished Sq. Ft.
1,150
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,150
Year built
1935
Style
Single Family Residential
County
Lake County
APN
02-32-102-013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

2/10 Heat Factor

7 days above 101° expected this year, 14 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Lake Villa, IL • 60046
Average low and high temperatures (°F)
28
13
36
20
52
31
60
40
67
47
80
60
83
66
79
61
76
56
66
47
49
35
34
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Sun exposure

97/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 11% for direct sun exposure in Lake Villa. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11.2 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap

Redfin Estimate for 518 Rae Ave

$268,389
$611 under list price of $269K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $165K to $355K.

More resources

Rental earnings

Est. $2,155 per month, based on comparable rentals

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Details provided by MRED as Distributed by MLS Grid and may not match the public record. Learn more.
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GreatSchools Ratings provided by GreatSchools.org.