408 Lake Ter
Mundelein, IL 60060
5 bd 2 ba 1,652 sqft Built 1940 Lot 15,246 sqft single_family
Most recent sale
$270,000
Jul 7, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 7, 2022 | Sold | $270,000 | MLS #11394180 |
| May 18, 2022 | Price changed | $250,000 | MLS #11394180 |
| May 4, 2022 | Listing removed | $265,000 | MRED |
| May 4, 2022 | Listed | $265,000 | MLS #11394180 |
| Apr 3, 2022 | Price changed | $265,000 | MLS #11338552 |
| Mar 4, 2022 | Listed | $275,000 | MLS #11338552 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | — | $267 | $267 | $25 |
| 2023 | — | $256 | $256 | $22 |
| 2022 | — | $247 | $247 | $26 |
| 2021 | — | $227 | $227 | $24 |
| 2020 | — | $221 | $221 | $24 |
| 2019 | — | $214 | $214 | $23 |
| 2018 | — | $248 | $248 | $27 |
| 2017 | — | $240 | $240 | $26 |
| 2016 | — | $228 | $228 | $26 |
| 2015 | — | $214 | $214 | $25 |
| 2014 | — | $214 | $214 | $25 |
| 2013 | — | $212 | $212 | $24 |
| 2012 | — | $214 | $214 | $23 |
| 2011 | — | $214 | $214 | $20 |
| 2010 | — | $209 | $209 | $18 |
| 2009 | — | $214 | $214 | $17 |
| 2008 | — | $167 | $167 | $13 |
| 2007 | — | $166 | $166 | $13 |
| 2006 | — | $166 | $166 | $13 |
Property facts
Year built
1940
Property type
single_family
Stories
2
Beds
5
Baths
2
Living area
1,652 sqft
Lot size
15,246 sqft
ZIP code
60060
City
Mundelein
Street
Lake Ter
Coordinates
42.25697, -88.00493
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,974
Gross rental yield
13.22%
Implied cap rate
8.59%
Trend-extrapolated value
—
Frequently asked questions
When did 408 Lake Ter last sell?
408 Lake Ter most recently sold on Jul 7, 2022 for $270,000.
What is the current tax assessment for 408 Lake Ter?
The most recent total assessment for 408 Lake Ter (year 2024) is $267 with $25 in property tax.
How does 408 Lake Ter's assessment compare to its last sale price?
The current assessment is 99.9% below the last sale price of $270,000.
When was 408 Lake Ter built?
408 Lake Ter was built in 1940.
How does 408 Lake Ter compare to others on Lake Ter?
We track 2 other properties on Lake Ter. Browse the list under "Other properties on Lake Ter" to compare beds, baths, and sale history.
What are the property facts for 408 Lake Ter?
408 Lake Ter is a 5 bed, 2 bath, 1,652 sqft, 15,246 sqft lot single_family.
Is 408 Lake Ter a flip candidate?
No — 408 Lake Ter does not appear in our flips dataset.
Is 408 Lake Ter a tax-appeal candidate?
No — 408 Lake Ter is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.1%
Implied 1-yr
+12.3%
2026 Q3
$547.2K
2026 Q4
$561.2K
ZIP 60060 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake Ter