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Margate Park Homes for Sale

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  • /16

    $178,000

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft

    4960 N Marine Dr Unit 611, Chicago, IL 60640

    Welcome to Shoreline Park Condominiums! Located in the heart of Margate Terrace, this one bedroom condo offers the largest floor plan in the building. Enjoy a deeded parking spot (included in price), 24 hour door staff along with onsite management, rooftop deck, fitness center, dedicated storage, business center and game room! Located across from Margate Park with easy access to the lakefront

    Agent Photo

    Darren Allen

    Real Broker LLC

    (312) 777-0499

    4960 N Marine Dr Unit 611, Chicago, IL 60640
  • /16

    $175,000

    • 1 Bed
    • 1 Bath
    • 720 Sq Ft

    4960 N Marine Dr Unit 1519, Chicago, IL 60640

    Spacious, light-filled 1-bedroom, 1-bath penthouse unit in a full-amenity high-rise in Margate Park/Uptown, steps from the lake! The largest 1-bedroom layout in the building features an open-concept living/dining room with expansive windows showcasing city views, an updated kitchen with ample cabinetry, and a spacious bedroom with newer carpet and generous closet space. Enjoy premier amenities

    Ben Lalez Compass

    4960 N Marine Dr Unit 1519, Chicago, IL 60640
  • /15

    $180,000

    • 1 Bed
    • 1 Bath
    • 750 Sq Ft

    5100 N Marine Dr Unit 17E, Chicago, IL 60640

    This is a rare opportunity to own a high-floor one-bedroom, one-bathroom unit with a sunny southern view and amazing cityscape! It's in a prime location, close to restaurants and other amenities. Imagine waking up to beautiful city and lake views from the southeast and southwest, where natural light floods the space all day long. There is plenty of closet space, making it perfect for comfortable

    Mark Saphir Pearson Realty Group

    5100 N Marine Dr Unit 17E, Chicago, IL 60640
  • /21

    $165,000

    • 1 Bed
    • 1 Bath

    4960 N Marine Dr Unit 415, Chicago, IL 60640

    Parking in the heated attached garage included in the price. Live across the lake in this sunny condo with a west tree line view. Great location across from the lakefront bike path and steps from Montrose & Foster beach. Plenty of public transportation nearby (the 136, 146 and 148 buses stop right in front of the building). Restaurants, stores and historical music venues are all within walking

    Susan Strange Coldwell Banker Realty

    4960 N Marine Dr Unit 415, 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 fairly walkable and very bikeable with good 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 $165,000. If you put a 20% down payment of $33,000 and had a 30-year fixed mortgage with an interest rate of 6.23%, your estimated principal and interest payment would be $810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $35K 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 Sheridan Park, Edgewater, Buena Park, Andersonville and Ravenswood.
Are home prices dropping in Margate Park?
Yes, home prices in Margate Park are down 8% in the last 12 months.

Home Trends in Margate Park, IL

Housing Trends

Median Sale Price
$161,044
Median Single Family Sale Price
$782,250
Median 2 Bedroom Sale Price
$367,000
Median 1 Bedroom Sale Price
$150,000
Average Price Per Sq Ft
$242
Number of Homes for Sale
4
Last 12 months Home Sales
104
Months of Supply
0.50
Median List Price
$165,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%
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