Lake Villa Homes under $500,000

Welcome to Lake Villa, Illinois—a charming gem nestled in the heart of Lake County. Known for its picturesque landscapes and vibrant community spirit, Lake Villa offers a unique blend of suburban tranquility and easy access to urban amenities. With its stunning lakes, lush parks, and friendly neighborhoods, it’s no wonder that families and individuals alike are drawn to this inviting town.

Lake Villa boasts a rich history and a strong sense of community, making it an ideal place for those looking to settle down. The town is dotted with beautiful parks, including the expansive Lake Villa Park, which provides ample opportunities for outdoor activities such as hiking, fishing, and picnicking. Residents enjoy a variety of local shops, restaurants, and recreational facilities, ensuring that there’s always something to do.

For homebuyers seeking affordability without compromising on quality of life, Lake Villa is a fantastic option. With numerous homes available for under $500,000, you can find a range of properties that suit your needs. From charming single-family homes with spacious yards to modern townhouses in vibrant communities, Lake Villa offers diverse choices for first-time buyers, families, and retirees alike.

The local schools are highly rated, and the community is known for its welcoming atmosphere, making it a perfect place to raise children or enjoy a peaceful retirement. Whether you're looking for a cozy starter home or a spacious residence, Lake Villa is ready to welcome you home to a life of comfort and convenience. Discover the possibilities in this delightful Illinois town today!

Newest Lake Villa Homes under $500,000

$429,900

3 Beds ⋅ 2 Baths ⋅ 12802071 MLS ⋅ NEW Status

Ranch style living at its finest! Single story home loaded with updates, a fully fenced yard and finished basement. All new flooring throughout. New Anderson windows and plantation shutters that tastefully cover them. Re-imagined kitchen that has been updated with modern cabinetry, quartz countertops, high-end stainless steel appliances, oversized island, durable vinyl flooring, and electric shades (with remote) for the slider. Master bath remodeled with new flooring, vanity with double sink, and professionally installed closet organization system. New front door, furnace, hot water heater, ceiling fans and canned lighting (with upgraded dimmer switches). All any buyer needs to do is just move right in and enjoy!

331 Woodhill Lane, Lake Villa

$450,000

4 Beds ⋅ 4 Baths ⋅ 12801818 MLS ⋅ NEW Status

Welcome to your Ex-large 5 bedrooms, 3.5 baths 2 Story home. Just open the front door to your inviting foyer & office. Setting the stage for the warm, comfortable living spaces found throughout. Designed with both everyday living and entertaining in mind, the sun-filled living room flows seamlessly into the adjoining dining room, creating the perfect setting for holiday gatherings, dinner parties, or relaxing evenings at home. Just beyond, the spacious kitchen with an abundance of cabinetry, island that is extended for a couple of stools, closet pantry, stainless steel appliances, and a bright eating area w/ slider to go on the deck where you can sip your morning coffee while overlooking the backyard & the open field. Next, the family room invites everyone to gather around the fireplace, creating the perfect ambiance on chilly evenings. Extend your living outdoors to the deck overlooking the backyard and an awesome brick patio. Whether you're hosting summer barbecues, letting kids and pets play freely. Plus 1st Floor office tucked away and 1st floor laundry room just off the ex-large 3 car garage. You desire a break today in your Huge Master Suite w/ a additional sitting room area, 2 closets & Updated master bathroom w/ 2 double vanities & oversized shower. You will simply fall in love with this oversized Rec Room in this English basement that is perfect for large gatherings along w/ 5th bedroom, and full bathroom. And a couple of large storage rooms are hidden away. 1st floor freshly painted, too! Roof, siding, furnace & central air replaced 2018. $1,500 credit towards carpeting. Great location on this corner lot. Watch the wildlife that surrounds you here... Come & see! This will not last long at this price!

511 Mc Kenzie Court, Lake Villa

$265,000

3 Beds ⋅ 1 Baths ⋅ 12801442 MLS ⋅ NEW Status

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!

518 Rae Avenue, Lake Villa

$324,999

2 Beds ⋅ 3 Baths ⋅ 12798836 MLS ⋅ NEW Status ⋅ Cedar Crossing BLDG.

This is THE One! You will fall in love with this luxury end unit townhome boasting many recent updates! Sunny and spacious floorplan offers 2 bedrooms, 2.1 baths and finished basement with second fireplace. The entry offers stunning NEW wood laminate floors that flow into the living room with fireplace and accent the stairs and railings leading to the second floor. Upper level offers master suite with volume ceiling, walk-in closet and private bath, 2nd bedroom and sunny loft. Gorgeous kitchen features white cabinets, solid surface counters and stainless appliances. Eating area has slider leading out to the patio, perfect for BBQs. First floor laundry. Security system. Finished basement offers large space for family room, den and plenty of storage. This is a "must see" in popular Cedar Crossing. Easy commute to Milwaukee or Chicago. Lovely and waiting for you!

314 Berkshire Drive, Lake Villa

$179,900

2 Beds ⋅ 1 Baths ⋅ 12798327 MLS ⋅ ACTIVE Status

Don't Miss Out!!! This is an excellent opportunity to own a 2 bedroom 1 bathroom home in the Village of Lake Villa. The home has a cozy layout and is steps away from Deep Lake. The property is located near schools, parks, retail, and public transportation.

21842 W 4Th Street, Lake Villa

$399,900

4 Beds ⋅ 3 Baths ⋅ 12786055 MLS ⋅ ACTIVE Status

Beautifully refreshed and filled with natural light, this spacious Lake Villa home offers comfortable living with inviting spaces throughout. Recent improvements include interior and exterior painting, updated flooring, freshly painted kitchen cabinets, and appliances. The bright kitchen features ample cabinetry, generous counter space, a center island, breakfast bar, and skylights that bring in additional natural light. The open layout flows into the adjoining living areas, offering plenty of room for everyday living and entertaining. A spacious enclosed sunroom surrounded by windows provides a wonderful place to relax and enjoy views of the backyard. Additional highlights include comfortable bedrooms, a partially finished basement offering plenty of storage and possibilities, and an attached two-car garage. Step outside to enjoy the expansive deck overlooking a tree-lined backyard, perfect for outdoor gatherings or quiet afternoons. Conveniently located near local parks, shopping, dining, recreation, and major roadways with access to surrounding communities.

10 Sheenan Drive, Lake Villa

$450,000

4 Beds ⋅ 4 Baths ⋅ 12797346 MLS ⋅ ACTIVE Status

1st Floor Bedroom and Full Bath! Let the forest preserve set the scene for your next chapter at 526 Middlebury in Lake Villa. Backing to protected natural surroundings, this immaculate, well-maintained home pairs scenic views with soaring ceilings and generously sized rooms across 2,755 square feet. Four bedrooms, three full bathrooms, and one half bathrooms offer space for everyday living, gathering, and relaxing. Outside, the third acre property features a large yard, an irrigation system, and a patio where morning coffee or an evening outdoors comes with a beautiful natural backdrop. Hot water loop system for upstairs bathroom. (That's right, instant hot water for your shower). Updates include a roof new in 2017, HVAC new in 2021, and a driveway new in 2021. A prime Lake Villa location and desirable school district further complement the home's appeal. Beyond your backyard, discover a community where outdoor recreation and small-town charm shape daily life. Nearby Cedar Lake, Deep Lake, and Sand Lake offer opportunities for boating, fishing, kayaking, and quiet time by the water, while proximity to the Chain O' Lakes opens the door to exploring Illinois' largest recreational waterway. Lake County Forest Preserves provide hundreds of acres of prairie and woodland landscapes, with trails for hiking, biking, and birdwatching, including connections throughout the region to the expansive Millennium Trail. Local parks, athletic fields, playgrounds, and open green spaces add even more ways to enjoy the outdoors. Historic downtown Lake Villa brings together locally owned restaurants, small businesses, and community gathering places, with seasonal celebrations and local events adding to the village's welcoming character. When work or travel calls, the Lake Villa Metra station's North Central Service provides commuter rail access toward Chicago and surrounding suburbs. Lake Villa also offers easy access to Naval Station Great Lakes, O'Hare International Airport, Milwaukee Mitchell International Airport, and downtown Chicago. Here, spacious living and a forest preserve backdrop meet the lakes, trails, and community connections that make Lake Villa a distinctive place to call home.

526 Middlebury Drive, Lake Villa

$234,900

3 Beds ⋅ 1 Baths ⋅ 12796801 MLS ⋅ ACTIVE Status

Exceptional value with unlimited potential! This home sits on an expansive double lot with exclusive Cedar Lake rights-perfect for outdoor living, recreation, and room to grow. Features low taxes and a ideal location close to Metra transit, local stores, and downtown Lake Villa. Per seller, septic replacement is required; village-approved plans and written replacement estimates are ready for buyer review. Sold as-is, with the price adjusted accordingly to reflect the septic condition.

38785 N West Park Avenue, Lake Villa

$475,000

4 Beds ⋅ 3 Baths ⋅ 12794606 MLS ⋅ ACTIVE Status

Welcome to your dream home in the highly sought-after Painted Lake Community of Lake Villa! This meticulously maintained residence greets you with a welcoming foyer, leading to a spacious living room and dining room combo and a grand staircase. The open-concept kitchen and family room are perfect for modern living, and the sunroom offers extra space to enjoy throughout the year with lots of natural lighting. The bright kitchen boasts updated modern cabinets with beautiful Champagne Bronze pulls, granite countertops, and stainless-steel appliances, creating a perfect space for culinary delights. Off the kitchen, there is an adorable sun-room to enjoy the private backyard . The laundry room is conveniently located near the garage entrance. Cozy up by the gas log fireplace during cold winter nights. The main level features hardwood floors and tile, while upstairs is carpeted for comfort. The second floor houses a gigantic master suite with a walk-in closet and an en-suite modern bath complete with a separate shower, soaker tub and walk-in closet. Three additional bedrooms and another full bathroom complete the upstairs. The finished basement and crawlspace provide ample storage or space for a game room, gym, hang out space, or man cave. There is a 5th bedroom in the basement which could be used for a home office, 5th bedroom, multi-generational living, etc. The fully fenced backyard is beautifully landscaped, offering a private oasis. The stunning views of the marshland and breathtaking sunsets are unparalleled from the back of the home. Recent upgrades ensure peace of mind, including a new sump pump (2021), patio (2019), driveway resurfacing (2023), furnace (2016), new roof/siding/most windows (2018), and water heater (2016). Located close to downtown Antioch, with its theater, restaurants, and shopping, this home is also in the excellent Antioch and Lakes High School district. Don't miss out on this exceptional property! Come see it today, it won't last long!

752 Sun Lake Road, Lake Villa

$425,000

4 Beds ⋅ 4 Baths ⋅ 12648752 MLS ⋅ ACTIVE Status

| IN-LAW SUITE W/ PRIVATE ENTRANCE | 1+ ACRE | 3-CAR GARAGE | FLEXIBLE FLOORPLAN | Bring the boats, the trailers, & the whole family: this brick ranch on just over an acre has room for all of it! Inside, the 21' living room sets the tone with a vaulted ceiling & exposed wood beams, & its sliding doors open to a sunroom wrapped in glass on three sides. The dining room carries the same beamed ceiling, while the 17' kitchen offers oak cabinetry, an island, stainless appliances, & room for a full-size table. Through the red door on the left side of the home is a private suite with its own front entrance. Inside, a series of connected rooms with vaulted ceilings & a half bath gives you plenty of space to arrange however you need. Set it up as a guest retreat with room to spread out, a home office, studio, or hobby space. The main home has four bedrooms spread across opposite sides of the floorplan. One of the larger bedrooms has glass sliders that open to the backyard, & the other includes a walk-in closet. The remaining two bedrooms share a Jack-and-Jill bath. A second full bath near the kitchen features a granite-topped vanity, a tall storage cabinet, & a tiled tub surround. A laundry room with a utility sink & a nearby half bath keep everyday essentials close at hand. Out back, a brick paver patio with a natural gas grill line steps right off the sunroom, & the fenced yard stretches out under mature trees with plenty of open lawn for gardening, play, or pets. Out front, the attached 3-car garage & expansive driveway give you room for multiple vehicles, trailers, or lake toys without crowding anyone in.

1317 N Cedar Lake Road, Lake Villa

$475,000

3 Beds ⋅ 3 Baths ⋅ 12793352 MLS ⋅ ACTIVE Status

Welcome to this Sturbridge model in the desirable Cedar Crossing subdivision of Lake Villa! Situated on a corner lot, this spacious 3-bedroom, 2.1-bath home offers approximately 2,800 square feet of living space above grade, a finished basement, and an attached 3-car garage. Step inside to discover an impressive two-story foyer opening to the spacious living and dining rooms with soaring vaulted ceilings and an abundance of natural light. Gorgeous new luxury vinyl plank flooring (2024) flows throughout the home, with the exception of the basement, creating a fresh, cohesive look. The inviting kitchen features beautiful new granite countertops (2025), stainless steel appliances, a breakfast bar, pantry, and a sunny eating area overlooking the backyard. A newly added coffee bar with matching granite countertops (2025) provides the perfect finishing touch! The comfortable family room features vaulted ceilings and a cozy gas-log fireplace. A generously sized first-floor office, which offers flexibility for a potential fourth bedroom, along with a convenient main-level laundry room and powder room, completes the first floor. Upstairs, retreat to the spacious primary suite featuring a walk-in closet and private bath with dual vanities, whirlpool tub, and separate shower. Two additional bedrooms and a full bath complete the second level. The finished basement offers even more living and entertaining space with a large recreation room, game room, and additional storage. Step outside to enjoy the fenced backyard and patio, ideal for outdoor gatherings, entertaining, or simply relaxing. **Major recent improvements include a NEW ROOF (2024), NEW FENCE (2024), NEW LUXURY VINYL PLANK FLOORING (2024), NEW GRANITE KITCHEN COUNTERTOPS (2025), NEW COFFEE BAR WITH GRANITE COUNTERTOPS (2025), AND NEW CHIMNEY SIDING AND CAP (2025)!** With its generous living spaces, flexible floor plan, numerous updates, and desirable location, this home offers an exceptional opportunity in Cedar Crossing. Welcome home!

807 Park Avenue, Lake Villa

$354,900

3 Beds ⋅ 2 Baths ⋅ 12779729 MLS ⋅ ACTIVE Status

Get ready to fall in love with this beautifully renovated raised ranch offering lake views, a double lot, and an incredible Lake Villa location! Located in the desirable Venetian Village community near Sand Lake, this move-in-ready 3-bedroom, 2-bath home combines modern updates, flexible living space, and a fantastic setting close to the water. Step inside to a bright and inviting interior featuring newer flooring, recessed lighting, and an open living and dining area perfect for everyday living and entertaining. The beautifully updated kitchen features white cabinetry, stylish countertops, tile backsplash, stainless steel appliances, and plenty of workspace and storage. Both bathrooms have been remodeled, including an impressive tiled walk-in shower. Three comfortable bedrooms offer flexibility for family, guests, or a home office. The finished lower level provides even more living space and is ideal for a family room, recreation area, home office, sports room, or hobby space. Outside, you'll love the spacious corner double lot featuring a fenced yard, mature trees, patio area, and plenty of room to entertain, garden, play, or simply relax. The attached 2-car garage provides additional storage and everyday convenience. Major mechanical updates offer added peace of mind with the A/C and furnace installed in 2025. The location is hard to beat! Enjoy being close to Sand Lake with lake views while just minutes from restaurants, shopping, schools, parks, recreation, and major highways-putting everyday conveniences right at your fingertips. Beautifully renovated, move-in ready, close to the lake, and convenient to everything- this is one you won't want to miss!

20949 W Verona Avenue, Lake Villa

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Lake Villa Homes under $500,000

Newest Lake Villa Homes under $500,000

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