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Margate Park Homes for Sale

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  • /47

    $575,000 Open Sat 1PM - 3PM

    • 3 Beds
    • 2 Baths
    • 1,549 Sq Ft

    939 W Ainslie St Unit 2E, Chicago, IL 60640

    Nestled between two parks on a quiet one-way, tree-lined street just a block from the lake, this charming vintage condo offers timeless character in an intimate six-unit building. A light-filled sunroom overlooks Buttercup Park, creating a serene retreat ideal for morning coffee or a work-from-home setup, while a generous private rear deck extends the living space outdoors. Inside, the home

    Agent Photo

    Rafay Qamar

    Real Broker LLC

    (872) 340-0789

    939 W Ainslie St Unit 2E, Chicago, IL 60640
  • /21

    $134,995

    • Studio
    • 1 Bath
    • 415 Sq Ft

    4880 N Marine Dr Unit 404, Chicago, IL 60640

    Welcome to this beautifully renovated studio condo steps from Lake Michigan in prime Uptown neighborhood! This unit perfectly blends modern comfort with functional living. Upon entry, you're greeted by a spacious coat closet, offering generous storage and an organized, welcome home. The expansive living area can accommodate a king-sized bed, a cozy couch, dining table, and a workspace-ideal for

    Victor So Second City Real Estate

    4880 N Marine Dr Unit 404, Chicago, IL 60640
  • /24

    $575,000

    • 3 Beds
    • 2 Baths
    • 1,635 Sq Ft

    847 W Ainslie St Unit 1E, Chicago, IL 60640

    Welcome to 847 West Ainslie Street unit 1E, an incredible property fully gutted and rehabbed in the heart of Chicago! This exciting project features seven modern condos with fresh, stylish designs, all while preserving the old charm of the building. You'll love the beautiful wooden central stairs and skylight at the top. You'll find five simplexes with 3 bedrooms and 2 bathrooms, a duplex with 4

    Susanna Cherubin-Delisi Compass

    847 W Ainslie St Unit 1E, Chicago, IL 60640
  • /11

    $111,000

    • 1 Bed
    • 1 Bath

    4950 N Marine Dr Unit 1505, Chicago, IL 60640

    Ultimate Lifestyle & Sophisticated Living at Shoreline Park! An ideal condo in full-amenity building. Bright, inviting and amazingly comfortable with the lake views. Located close to the beach, bike path, park, shopping, dining and more. Enjoy the convenience of having all of your favorite things to do nearby. Excellent value! Sold "As-Is".

    James Foley Foley Properties Inc

    4950 N Marine Dr Unit 1505, Chicago, IL 60640
  • /22

    $475,000

    • 3 Beds
    • 2 Baths
    • 1,459 Sq Ft

    847 W Ainslie St Unit GE, Chicago, IL 60640

    Welcome to 847 West Ainslie Street unit GE, an incredible property fully gutted and rehabbed in the heart of Chicago! This exciting project features seven modern condos with fresh, stylish designs, all while preserving the old charm of the building. You'll love the beautiful wooden central stairs and skylight at the top. You'll find five simplexes with 3 bedrooms and 2 bathrooms, a duplex with 4

    Susanna Cherubin-Delisi Compass

    847 W Ainslie St Unit GE, Chicago, IL 60640
  • /16

    $134,995

    • Studio
    • 1 Bath
    • 500 Sq Ft

    4880 N Marine Dr Unit 716, Chicago, IL 60640

    Perfectly positioned just steps from Lake Michigan, this move-in-ready studio condo in Uptown Chicago offers the ideal blend of comfort, convenience, and city living! Enjoy sweeping city views and an efficient layout that feels both cozy and modern. Upon entry, large windows flood the space with natural light. The living area features laminate flooring and an electric fireplace with a space to

    Victor So Second City Real Estate

    4880 N Marine Dr Unit 716, Chicago, IL 60640
  • /19

    $603,000

    • 3 Beds
    • 2 Baths
    • 1,649 Sq Ft

    847 W Ainslie St Unit 3W, Chicago, IL 60640

    Welcome to 847 West Ainslie Street 3 W, an incredible property fully gutted and rehabbed in the heart of Chicago! This exciting project features seven modern condos with fresh, stylish designs, all while preserving the old charm of the building. You'll love the beautiful wooden central stairs and skylight at the top. You'll find five simplexes with 3 bedrooms and 2 bathrooms, a duplex with 4

    Susanna Cherubin-Delisi Compass

    847 W Ainslie St Unit 3W, Chicago, IL 60640

Why Live in Margate Park

Chicago's Margate Park neighborhood has a mix of high-rise condos along Marine Drive and historic single-family homes in the Castlewood Terrace Historic District, which feature Tudor Revival, Queen Anne and early Prairie architectural styles. Condos can range from $90,000 to $270,000, and homes from $175,000 to $520,000. Castlewood Terrace residences often sell between $1 million and $2 million. Around two-thirds of residents are renters. Students can attend Senn High School and the Lycée Français de Chicago, both highly rated schools. Margate Park is close to several green spaces, including Foster Beach and Montrose Beach, which provide access to the lake. Dog-friendly areas include the Margate Park Puptown Dog Park and the Montrose Dog Beach. The Margate Park fieldhouse includes a gym and fitness center, while the Bill Hersh Playground and Buttercup Playlot Park cater to children. Residents have access to Vietnamese restaurants like Nha Hang and Pho 777 and Oaxacan cuisine at Kie-Gol-Lanee. Grocery shopping is convenient thanks to nearby Mariano's, Jewel-Osco and Tai Nam Food Market locations. The neighborhood is also close to historic theaters and music venues like the Aragon, the Riviera, and the Green Mill. Wrigley Field sits roughly 2 miles away. The area is close to the Argyle and Wilson Red Line L stations and numerous bus stops. Drivers can hop on U.S. Route 41. Chicago O’Hare International Airport is around 13 miles away. Healthcare facilities like Weiss Memorial Hospital are within a mile.

Frequently Asked Questions

Is Margate Park a good place to live?
Margate Park is a good place to live. Margate Park is considered somewhat walkable and a biker's paradise with great transit options. Margate Park is an urban core neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Margate Park has 14 parks for recreational activities. It is very dense in population with 44.6 people per acre and a median age of 46. The average household income is $73,479 which is below the national average. College graduates make up 51.2% of residents. A majority of residents in Margate Park are renters, with 65.9% of residents renting and 34.1% of residents owning their home. A local real estate agent serving Margate Park can help you decide if this neighborhood is the right one for you. Learn more on our Margate Park neighborhood guide.
Is Margate Park, IL a safe neighborhood?
Margate Park, IL is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Margate Park?
The median home price in Margate Park is $160,000. If you put a 20% down payment of $32,000 and had a 30-year fixed mortgage with an interest rate of 6.09%, your estimated principal and interest payment would be $770 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $33K a year to afford the median home price in Margate Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Margate Park is $73K.
What are the best public schools in Margate Park?
The best public schools that serve Margate Park are:
What are the best private schools in Margate Park?
The best private schools that serve Margate Park are:
  • Chicago Friends School has an A+ Niche grade, a student teacher ratio of 3:1 and an average review score of 5.0.
  • Chicago City Day School has an A+ Niche grade, a student teacher ratio of 5:1 and an average review score of 4.8.
  • Sacred Heart Schools has an A+ Niche grade, a student teacher ratio of 6:1 and an average review score of 4.6.
What are the most popular zip codes in Margate Park, Chicago, IL?
The most popular zip codes in Margate Park, Chicago, IL include 60640, 60613, 60660, 60625 and 60657.
What are the most popular neighborhoods near Margate Park, Chicago, IL?
The most popular neighborhoods near Margate Park, Chicago, IL are Little Vietnam, Edgewater, Sheridan Park, Buena Park and Andersonville.
Are home prices dropping in Margate Park?
Yes, home prices in Margate Park are down 30% in the last 12 months.

Home Trends in Margate Park, IL

Housing Trends

Median Sale Price
$159,000
Median Single Family Sale Price
$782,250
Median 2 Bedroom Sale Price
$365,000
Median 1 Bedroom Sale Price
$149,700
Average Price Per Sq Ft
$232
Number of Homes for Sale
7
Last 12 months Home Sales
91
Months of Supply
0.90
Median List Price
$160,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%
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