Why Live in Margate Park
Margate Park in Chicago features a mix of high-rise condos along Marine Drive and historic single-family homes in the Castlewood Terrace Historic District, showcasing Tudor Revival, Queen Anne, and early Prairie architectural styles. The neighborhood is predominantly made up of apartments and condos, with a significant portion of residents being renters. Margate Park offers ample green spaces, including Foster Beach and Montrose Beach, which provide access to the lake, bike trails, and dog-friendly areas like the Margate Park Puptown Dog Park and 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 with various play structures and a splash pad.
The neighborhood is known for its vibrant dining scene, especially in the Asia on Argyle area, where Vietnamese restaurants like Nha Hang, Pho 777, and Pho 888 are popular. Other dining options include Kie-Gol-Lanee for Oaxacan cuisine and Tweet for organic brunches. Grocery shopping is convenient with Mariano's, Jewel-Osco, and Tai Nam Food Market nearby. Margate Park is also close to historic theaters and music venues like the Aragon, Riviera, and the Green Mill jazz club.
Transportation is accessible with the Argyle and Wilson Red Line L stations, numerous bus routes, and Divvy bike rentals. For drivers, U.S. Route 41 provides routes to the west and south, and O’Hare International Airport is 13 miles away. Healthcare facilities like Weiss Memorial Hospital are within a mile. The neighborhood is served by Senn High School and Lycee Francais de Chicago, both highly rated schools.
Home Trends in Margate Park, IL
On average, homes in Margate Park, Chicago sell after 36 days on the market compared to the national average of 51 days. The median sale price for homes in Margate Park, Chicago over the last 12 months is $173,500, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$173,500
Median Single Family Sale Price
$2,024,500
Median Townhouse Sale Price
$502,500
Median 2 Bedroom Sale Price
$264,000
Median 1 Bedroom Sale Price
$150,000
Average Price Per Sq Ft
$242
Number of Homes for Sale
17
Last 12 months Home Sales
83
Median List Price
$179,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
12%