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Third Lake Homes for Sale

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  • /51

    $1,198,000

    • 4 Beds
    • 4 Baths
    • 3,740 Sq Ft

    75 N Lake Ave, Third Lake, IL 60030

    This custom-built home, completed in 2014 by a local builder and maintained to the highest standards, offers unparalleled craftsmanship ~ Designed in collaboration with a professional designer, the aesthetic is elegant yet welcoming, with every space thoughtfully curated ~ Upon entry, you're greeted by a grand foyer that sets the tone for the rest of the home ~ The main level features beautiful

    Theresa Bloede Compass

    75 N Lake Ave, Third Lake, IL 60030
  • /2

    $4,100,000

    • Land
    • 10 Acres
    • $394,231 per Acre

    19151 W Grand Ave, Lindenhurst, IL 60046

    Opportunity Knocks! 10.4 acres now available for sale and development. This fine property is now annexed to the Village of Lindenhurst and is adjacent to and west of the New Zeigler Nissan Dealership! With almost 800' of Grand Avenue frontage and utilities available, this property offers great retail potential!

    Nicholas Nicketakis Callahan Blandings & Schaper

    19151 W Grand Ave, Lindenhurst, IL 60046

About Third Lake

Third Lake offers a unique blend of water-based recreation and convenient access to urban amenities. Residents enjoy exclusive access to Third Lake and Druce Lake, perfect for boating, fishing, kayaking, and swimming. Druce Lake is motor-free, ideal for rowers and fishers, while motorboats are welcome on the larger Third Lake. The neighborhood is less than 50 miles from Chicago and has a rich history as a resort area dating back to the early 1800s. Today, year-round homes have replaced the seasonal cabins, with properties ranging from modest split-level houses to expansive lakefront homes. For those who prefer land-based activities, Caboose Park offers nostalgic playgrounds and an old train car for kids to explore, while Grant Woods Forest Preserve provides trails for hiking, biking, and winter sports like cross-country skiing and snowmobiling. Architecture enthusiasts can visit the New Gracanica Serbian Monastery, known for its stunning frescoes and domes. Families will find highly rated schools in the area, including B.J. Hooper Elementary School, Palombi Middle School, and Grayslake North High School, all known for their strong academic performance and supportive environments. Third Lake is also close to modern conveniences, with Gurnee Mills Mall just 3 miles away, featuring major retailers and a nearby Walmart Supercenter and Sam’s Club. Six Flags Great America is a short drive east on West Grand Avenue, offering a variety of thrill rides and family-friendly attractions. Local dining options include Something’s Brewing on Route 45. With a lower crime rate compared to the national average, Third Lake combines tranquility with the practicality of nearby shopping and entertainment.

Frequently Asked Questions

Is Third Lake a good place to live?
Third Lake is a good place to live. Third Lake is considered very car-dependent and bikeable. Third Lake is a suburban neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Third Lake has 4 parks for recreational activities. It is sparse in population with 0.6 people per acre and a median age of 43. The average household income is $150,467 which is above the national average. College graduates make up 65.6% of residents. A majority of residents in Third Lake are home owners, with 8.4% of residents renting and 91.6% of residents owning their home. A local real estate agent serving Third Lake can help you decide if this neighborhood is the right one for you. Learn more on our Third Lake neighborhood guide.
Is Third Lake, IL a safe neighborhood?
Third Lake, IL is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Third Lake?
The median home price in Third Lake is $402,450. If you put a 20% down payment of $80,500 and had a 30-year fixed mortgage with an interest rate of 6.83%, your estimated principal and interest payment would be $2,110 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $90K a year to afford the median home price in Third Lake. The average household income in Third Lake is $150K.
What are the best public schools in Third Lake?
The best public schools that serve Third Lake are:
What are the best private schools in Third Lake?
The best private schools that serve Third Lake are:
What are the most popular zip codes in Third Lake, Third Lake, IL?
The most popular zip codes in Third Lake, Third Lake, IL include 60010, 60014, 60047, 60051 and 60062.
What are the most popular neighborhoods near Third Lake, Third Lake, IL?
The most popular neighborhoods near Third Lake, Third Lake, IL are South Lake Villa, Monaville and North Mundelein.
Are home prices dropping in Third Lake?
Yes, home prices in Third Lake are down 6% in the last 12 months.

Home Trends in Third Lake, IL

Home Trends

Median Price (12 Mo)
$410,000
Median Single Family Price
$412,550
Median 2 Bedroom Price
$301,500
Average Price Per Sq Ft
$214
Number of Homes for Sale
1
Last 12 months Home Sales
13
Months of Supply
0.90
Median List Price
$402,450
Median Discount From 1st List Price
-4%
Median Home Sale Price YoY Change
20%
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