Lake Villa Homes under $400,000

Welcome to Lake Villa, Illinois—a hidden gem nestled in the heart of Lake County, where picturesque landscapes meet a vibrant community spirit. With its serene lakes, lush parks, and charming neighborhoods, Lake Villa offers an idyllic setting for families, professionals, and retirees alike.

This delightful city is known for its rich history and close-knit community, providing residents with a peaceful suburban lifestyle while still being conveniently located near major urban centers. Enjoy outdoor activities at the numerous parks and recreational areas, including the stunning Chain O’Lakes State Park, perfect for boating, fishing, and hiking. The local schools are highly rated, making it an excellent choice for families looking to settle down in a nurturing environment.

If you're searching for a home that balances affordability with quality living, Lake Villa has you covered! The real estate market features an impressive selection of homes available for under $400,000. From charming single-family residences to modern townhomes, there’s something to suit every taste and budget. Many of these homes boast spacious yards, updated interiors, and proximity to local amenities, ensuring you can enjoy all that Lake Villa has to offer without breaking the bank.

With its friendly atmosphere, beautiful surroundings, and affordable housing options, Lake Villa is more than just a place to live; it’s a place to thrive. Come experience the warmth of this community and discover your dream home today!

Newest Lake Villa Homes under $400,000

$365,000

3 Beds ⋅ 3 Baths ⋅ 12775823 MLS ⋅ NEW Status

Tucked away in a quiet Lake Villa setting with no neighbors directly behind, this spacious home offers the privacy, space, and comfortable layout you're looking for. Step inside to a warm and inviting family room featuring beautiful hardwood floors, a cozy fireplace, and soaring vaulted ceilings. The spacious kitchen offers abundant workspace, a closet pantry, and a sunny eat-in area overlooking the classic brick paver patio and peaceful backyard-perfect for everyday living and entertaining. Hardwood flooring continues through the separate living and dining rooms, giving you plenty of flexible space to gather, host, or simply spread out. Upstairs, the vaulted primary suite feels like a true retreat with its own private en suite bath. Two additional bedrooms and a full hall bath complete the second level. Outside, enjoy morning coffee on the welcoming front porch or unwind at the end of the day with around the firepit on the patio. With generous living spaces, a desirable floor plan, and a peaceful location near parks and trails, this is a home that's easy to settle into and enjoy. Recent updates include an upstairs Bedroom Carpet and Paint (2026), Water Heater (2025), Roof (2018), Hardwood Flooring and Kitchen Appliances (approx. 7-8 years), and A/C (approx. 10 years).

73 Fieldstone Drive, Lake Villa

$285,000

3 Beds ⋅ 2 Baths ⋅ 12774915 MLS ⋅ NEW Status

First time on the market, a 3-bedroom, 1.5-bath ranch home situated on approximately 1.19 acres (2 LOTS) and offering the opportunity to create a property tailored to your vision. This estate sale is being offered AS IS. The home features central air conditioning, forced-air heat, and a 2-car garage. The property includes two lots, providing additional land and flexibility for future plans, subject to applicable zoning and local requirements. A unique feature of this property is its water rights to West Miltmore. Buyers are encouraged to conduct their own due diligence regarding the water rights, lot configuration, zoning, permitted uses, and any potential improvements or development opportunities. With a generous lot, two parcels, a ranch-style home, and plenty of potential, this property offers an opportunity to bring your ideas and make it your own.

36474 N James Court, Lake Villa

$335,000

2 Beds ⋅ 3 Baths ⋅ 12774221 MLS ⋅ NEW Status

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

$199,000

2 Beds ⋅ 1 Baths ⋅ 12771972 MLS ⋅ NEW Status

Welcome to 38805 N Belmora Park, a charming 2-bedroom, 1-bathroom home perfectly situated on a generous .27-acre corner lot in Lake Villa. Offering 943 square feet of comfortable living space, this home blends cozy character with major recent improvements, providing true peace of mind for its next owner. Step inside to a bright and spacious living room anchored by a beautiful wood-burning fireplace, creating the perfect atmosphere for relaxing on chilly evenings. The layout flows smoothly into the inviting kitchen, which features a dedicated table space for everyday dining and a brand-new 2026 refrigerator. Indoor-outdoor living is a breeze here! Sliding glass doors in the kitchen provide a seamless transition outside, opening directly onto an expansive deck overlooking your large corner yard and offering peek-a-boo views of the lake. It is the absolute ideal setup for summer barbecues, entertaining guests, or simply enjoying a peaceful morning coffee. For your convenience, the home also includes a basement with washer and dryer hookups. Buyers will love the expensive, big-ticket updates already completed, making this home feel fresh and well-maintained. The home is flooded with natural light thanks to many new windows installed in 2025. The exterior is just as solid, with a brand-new roof installed in 2025, professional chimney rebricking and tuckpointing completed in 2026, and the garage re-sided in 2025. With its smart updates, cozy fireplace, fantastic yard space, and association lakefront park with a beach, this Lake Villa gem offers incredible value. Whether you are buying your first home or looking to downsize, this move-in-ready property is an absolute must-see. Schedule your private showing today!

38805 N Belmora Park, Lake Villa

$164,950

3 Beds ⋅ 1 Baths ⋅ 12769782 MLS ⋅ NEW Status

Charming 3-bedroom, 1-bathroom home in Lake Villa with views of Crooked Lake from the backyard. A large rear deck offers the perfect spot to relax and take in the scenery, whether it's morning coffee or evening sunsets. A great opportunity for full-time living or a weekend lake retreat. Sold As-Is, Where-is. Note: To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.

21557 W Birch Street, Lake Villa

$270,000

3 Beds ⋅ 1 Baths ⋅ 12759751 MLS ⋅ ACTIVE 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

$349,900

3 Beds ⋅ 2 Baths ⋅ 12739002 MLS ⋅ ACTIVE Status

Welcome to this 3 bedroom/2 bath 1600 Sq ft hillside ranch in Petite Lake Highwoods subdivision that backs to Antioch golf course. Main level offers: open floor plan, new LR carpet, updated kitchen appliances, breakfast area, separate dining room, 3-season screened porch, a primary bedroom w/bath & WIC. The full walkout basement has 9ft ceilings and 2 partially finished rooms... separate utility area with newer furnace & hot water tank too! Good size yard with slight slope and an attached 2 car garage. Home needs some updating but is solid. Roof is older. Chain O Lakes access thru neighborhood association. Located near parks, schools, shopping, main roads and the Metra Train. Dogs in home so appointment needed... 24 hr notice preferred.

24878 W Highwoods Drive, Lake Villa

$339,900

3 Beds ⋅ 2 Baths ⋅ 12752327 MLS ⋅ ACTIVE Status

Completely renovated ranch on *1.67 acres* in unincorporated Lake Villa, while attending **Grayslake North High School**. Bright, open layout with new windows, recessed lighting, fresh paint, luxury vinyl plank and carpet, new doors, trim, and hardware throughout. Updated kitchen with quartz countertops, refinished cabinets, stainless undermount sink, and Whirlpool stainless appliances. Two fully remodeled baths and a spacious primary suite with walk-in closet. New walk-down deck, fresh landscaping, and seal coated driveway. 900 square foot detached two-car garage with new doors and openers, separate panel and floor drains. Turnkey, private, and move-in ready. Book your showing today.

36891 N Carol Lane, Lake Villa

$219,000

4 Beds ⋅ 2 Baths ⋅ 12749835 MLS ⋅ PRICE CHANGE Status

Great hillside ranch offering beautiful views of Petite Lake. This home features 4 bedrooms, 2 full baths, a full basement, and a 2-car garage. The large lower level includes a second living room with walk-out access to a two-tiered wood deck - perfect for indoor-outdoor living. Enjoy a large, private backyard with captivating water views, plus additional attic space offering endless possibilities. This is Fannie Mae Homepath property .

24857 W North Road, Lake Villa

$339,900

3 Beds ⋅ 4 Baths ⋅ 12740257 MLS ⋅ ACTIVE Status

Your search ends here! Beautifully maintained and move-in-ready end-unit townhome offering a bright, spacious layout with abundant natural light and an attached 2-car garage. Fresh neutral paint and carpeting throughout create a clean and inviting feel, while vinyl flooring in the front entry and kitchen adds everyday practicality. The spacious living room and dining room combination features a vaulted ceiling, creating an open and airy feel that's perfect for everyday living and entertaining. A sliding patio door from the living room leads directly to the concrete patio, extending the living space outdoors. The kitchen offers plenty of cabinetry and countertop space, providing excellent storage and room for meal preparation. The desirable first-floor primary bedroom features a private full ensuite bathroom with dual sinks, a separate shower, and an oversized soaking tub, along with a large walk-in closet. Convenient first-floor laundry adds to the home's functional layout. Upstairs, you'll find generously sized bedrooms that share a full bathroom, providing a functional second-floor layout. The finished basement features plenty of additional living space along with a convenient half bathroom, a separate office or den, and additional storage space, offering plenty of flexibility for everyday needs. The end-unit location provides additional windows and natural light, while mature trees surrounding the home create a pleasant backdrop. Floor plans in photos. Schedule a showing today.

320 Berkshire Drive, Lake Villa

$329,000

3 Beds ⋅ 1 Baths ⋅ 12733810 MLS ⋅ ACTIVE Status

Charming home in a peaceful Lake Villa setting, offering a comfortable layout and inviting living spaces. The property features three bedrooms and a spacious lot with plenty of room to enjoy the outdoors. Conveniently located near parks, schools, shopping, dining, and everyday amenities, this home offers a wonderful opportunity to enjoy all that Lake Villa has to offer.

39181 N Cedar Crest Drive, Lake Villa

$379,900

4 Beds ⋅ 3 Baths ⋅ 12731909 MLS ⋅ ACTIVE Status

Welcome Home to this awesome 4 Bdr / 3 Bath home wit a 2-car attached garage! Main floor features spacious living room, dining area and updated kitchen with granite counter tops, glass tile backsplash, 42" cabinets, stainless steal appliances and farmhouse style light fixtures! Head outside and relax in the screened in porch. 1st floor master and master bath! Hardwood floors, built-in bookshelves, walk-in closet and full master bath! Jetted bathtub and floor to ceiling shower tiles. Upstairs boasts 3 good sized rooms with all white doors/trim, unique light fixtures and carpet. Hall bathroom is very stylish! Lots of tile details and fresh colors. Lower level is partially finished and has full bathroom. Fully fenced lot provides lots of privacy. This home is part of Fox Lake Hills and has water rights! Recent updates include: Fenced backyard (2022), New Hot Water Heater (2023), Double Sump pump with battery backup (2024), New Energy Efficient HVAC (heating & cooling 2025).

38154 N Il Route 59, Lake Villa

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