Lake Villa Homes under $400,000

Welcome to Lake Villa, Illinois—a picturesque gem nestled in the heart of Lake County. Known for its serene lakes, lush green parks, and vibrant community spirit, Lake Villa offers a perfect blend of suburban tranquility and modern conveniences. With a rich history dating back to the late 1800s, this charming town has evolved into a desirable destination for families, retirees, and everyone in between.

Lake Villa boasts a variety of recreational opportunities, including boating, fishing, and hiking, thanks to its proximity to several beautiful lakes and nature preserves. The town is also home to well-maintained parks, playgrounds, and sports facilities, making it an ideal place for outdoor enthusiasts. Plus, with a strong sense of community, residents enjoy seasonal events, farmers' markets, and local festivals that bring neighbors together.

When it comes to housing, Lake Villa offers an impressive selection of homes under $400,000, making it an attractive option for first-time buyers and those looking to downsize. From charming single-family homes to modern townhouses, you’ll find a diverse range of properties that cater to various tastes and lifestyles. Many homes feature spacious yards, updated interiors, and convenient access to local amenities, ensuring that you can enjoy the comfort of suburban living without breaking the bank.

With its welcoming atmosphere, beautiful surroundings, and affordable housing options, Lake Villa is not just a place to live—it's a place to thrive. Come discover why so many are choosing to call this delightful town home!

Newest Lake Villa Homes under $400,000

$233,900

2 Beds ⋅ 2 Baths ⋅ 12794885 MLS ⋅ NEW Status

Watch out now, this end-unit townhome in a convenient Lake Villa location inside desirable Painted Lakes! This 2-bedroom, 1.1-bath home features a spacious living room, functional kitchen, and an attached 2-car garage. Enjoy the added privacy of an end unit and relax on the patio overlooking a peaceful wooded backdrop. Perfectly located near shopping, dining, and highly regarded local schools. A great opportunity for homeowners or investors alike. Schedule your tour today!

625 Benton Road, 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

$269,000

3 Beds ⋅ 1 Baths ⋅ 12784076 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

$375,000

3 Beds ⋅ 2 Baths ⋅ 12782962 MLS ⋅ ACTIVE Status

Beautiful QUAD LEVEL home with custom features throughout house just too many to mention. Two garages makes for 4 parking spots. Their are ducks on the property but can be removed if buyer prefers. Come and see it today while the weather is still beautiful!

37244 N Capillo Avenue, Lake Villa

$359,900

3 Beds ⋅ 3 Baths ⋅ 12775823 MLS ⋅ ACTIVE 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 ⋅ ACTIVE 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

$324,999

2 Beds ⋅ 3 Baths ⋅ 12774221 MLS ⋅ ACTIVE 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

$379,900

3 Beds ⋅ 3 Baths ⋅ 12764513 MLS ⋅ RE-ACTIVATED Status

Here's the perfect family gift! Nestled in the much sought after Painted Lakes Community, this charming residence is ready to welcome you home. Perfectly positioned on a quarter acre lot, this home offers both space and curb appeal. Inside, you will find a bright and airy open concept layout, stainless steel appliances and a finished basement that adds valuable living space. Step outside to enjoy the fully fenced back yard, complete with a brick patio, pool deck, and heated above ground pool, perfect for relaxing or entertaining. Major improvements include the roof, siding, windows, flooring, mechanicals, renovated primary bath, finished basement, expanded driveway and professional landscaping. Quick close possible!

1016 Rainy Lake Court, 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

$214,999

3 Beds ⋅ 1 Baths ⋅ 12740348 MLS ⋅ ACTIVE Status

21738 W Oak Avenue, Lake Villa

$319,900

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

$349,900

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). Seller offering up to a $5,000 credit with an acceptable offer, which may be applied toward allowable buyer closing costs, prepaid expenses and/or interest rate buydown, subject to lender approval.

38154 N Il Route 59, Lake Villa

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Lake Villa Homes under $400,000

Newest Lake Villa Homes under $400,000

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