Cardinal Terrace, Mundelein, IL
Cardinal Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Cardinal Terrace, Mundelein, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
Last verified:
Cardinal Terrace Neighborhood Overview
Cardinal Terrace is a residential neighborhood located in the northwest Chicago suburb of Mundelein, Illinois. The community offers a quiet, family-friendly atmosphere within Lake County. Its central location provides residents with convenient access to the amenities of Mundelein and the broader northern suburban region.
Lifestyle & Amenities
Residents enjoy a suburban lifestyle with easy access to local parks, shopping, and dining options in downtown Mundelein. The neighborhood's setting provides a balance of residential tranquility and community conveniences. Major retail centers and recreational facilities are just a short drive away.
Real Estate Market
The real estate in Cardinal Terrace primarily consists of single-family homes. According to recent data, the median home value is approximately $292,200, with a current price per square foot around $233. The market reflects the steady demand for housing in this established Mundelein community.
Schools & Education
Homes in Cardinal Terrace are served by Mundelein Elementary School District 75 and Mundelein High School District 120. The area is known for its commitment to public education within these well-regarded district systems. Families have access to a range of educational programs from elementary through high school.
Transportation & Connectivity
The neighborhood is conveniently situated near major roadways like Route 45 and Route 60/83, facilitating commutes throughout Lake County and towards Chicago. While not directly served by a Metra station, the Mundelein Metra station is easily accessible for rail service to the city. This connectivity makes it a practical choice for commuters.
Why Choose Cardinal Terrace
Cardinal Terrace appeals to homebuyers seeking an affordable, stable community in Mundelein with a median household income above $104,000. It offers the classic benefits of suburban living—good schools, quiet streets, and local amenities—at a accessible price point. The neighborhood represents a solid value within the northern Chicago suburbs.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Cardinal Terrace Market Data
| Metric | Value |
|---|---|
| Median Home Price | $292K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $104K |
| Homeownership Rate | 74.3% |
| Renter-Occupied | 25.7% |
| Rental Vacancy Rate | 2.2% |
| Market Type | Seller's |
| Market Tier | Mid-Market |
| Primary ZIP Code | 60060 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Cardinal Terrace, Mundelein
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Cardinal Terrace, Mundelein, IL. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12