$315,408Average Value$345Average Price per Sq Ft1Home For Sale
High-rise and historical in North Side
With the beaches of Lake Michigan only a short walk away, the residents in Uptown Chicago’s Margate Park neighborhood can enjoy the lake and all it has to offer late into the fall season. Modern apartments and condominium buildings rise tall overlooking the park, while elegant single-family homes date back to the late 19th and early 20th centuries — a reminder of the high society that made Margate Park their home during the roaring '20s. “I’ll refer to it as a ‘close enough but far enough’ neighborhood,” says Mark Zipperer, Broker with Re/Max Next, who has lived in Uptown Chicago for over 25 years. “We can get anywhere really fast, but we’re not in a spot where there are a million people, or it’s loud or all that.” A primarily residential area, it’s adjacent to various activities and amenities, including the growing Asia on Argyle community. This offers convenience while avoiding some of the traffic that comes with having those amenities directly inside the neighborhood.
Lovely brick homes in Margate Park, IL.
An example of a historic home located in Margate Park, IL.
Historic homes can be found throughout Margate Park, IL.
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Margate Park condos and a Historic District
High-rise condos and apartments along Marine Drive provide top-floor residents with lake views, but then give way to low-rise blocks and stand-alone homes further inland. This includes the Castlewood Terrace Historic District, 26 houses dating from the late 1890s to the late 1920s that feature architecture of the era, with Tudor Revival and Queen Anne touches and even early Prairie designs. Apartments and condos make up over 80% of the residences here, and a starter studio or one-bedroom can go for $90,000 to $270,000, while a two- or three-bedroom will usually sell for $175,000 to $520,000. These will come with homeowners or condo association fees ranging from $300 to $1,000 per month. The single-family homes of Castlewood Terrace, which is on the National Register of Historic Places, commonly sell for between $1 million to $2 million. The neighborhood as a whole is comprised of almost two-thirds renters.
Margate Park is a urban core neighborhood with all the amenities one can expect in a big city.
Condominiums line the streets of Margate Park with available street parking.
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Dining on North Sheridan
The corner of Sheridan and Argyle marks the eastern edge of Asia on Argyle. This informal sub-neighborhood has quickly become a top destination for a multi-cultural dining experience. Vietnamese is the prevalent cuisine, with Nha Hang, Pho 777 and Pho 888 all serving up their versions of classic dishes. Residents offer various opinions on which one tops the other, but they do agree that all of them are worth a visit. It’s not just Asian fare that’s represented either, with Kie-Gol-Lanee providing a focused menu of Oaxacan favorites; or half a block up, Tweet focuses on organic, seasonal ingredients for hearty brunches and eclectic cocktails in a dining room with art-covered walls. For grocery shopping, Mariano's and Jewel-Osco are each within a mile, while Tai Nam Food Market focuses on Asian specialties.
Margate Park has a PetSmart for the local pets in the neighborhood.
Tweet Restaurant is a popular place to eat in Margate Park, IL.
Mariano's retail store is a great place to shop in Margate Park, IL.
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Chicago Public School and an internationally-recognized academy
Students on the south side of Carmen Street and below are zoned to go to McCutcheon Elementary School, graded by C-plus by Niche and known for its highly involved staff and community partnership with Loyola University Chicago. On the north side of Carmen and above, students will head to William C. Goudy Technology Academy, which earns a B-minus. Both lead to Senn High School, which was graded a B-plus by Niche. Niche also names it twelfth among standout high schools in Illinois. A good assortment of private and parochial schools in close proximity, including Lycee Francais de Chicago. “Lycee Francais was an old hospital, the Ravenswood Hospital, that closed around 2000,” says Rudy Flores, President and CEO of the Lincoln Square Ravenswood Chamber of Commerce, “They redid the entire campus, and now it’s a French school.” An international school focused on language immersion, all students are on a combined French Baccalaureate and International Baccalaureate track; Niche grades it an A-plus and names it the eighth-best private high school in Illinois.
The William C. Goudy Technology Academy enrolls students from Margate Park at the PK-8 level.
William C. Goudy Technology Academy serves students from P-K to 8th grade.
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Between Foster and Montrose beaches
With Foster Beach to the North and Montrose to the south, Margate Park provides access to the lake, park space, bike and walking trails and more. It’s a very dog-friendly area, with the Margate Park Puptown Dog Park available for off-leash play. A quarter mile east, the Montrose Dog Beach also allows dogs to frolic off leash in the shallows of Lake Michigan, contained by a fence to provide safety for other beachgoers.
Athletic fields located throughout the adjacent parkland include a half-dozen soccer fields and the Foster Avenue Turf Fields. Margate Park Little League Field also hosts games throughout the summer – and right behind it, a tunnel leads under Lake Shore Drive for easy access to the Lakefront Trail, so pedestrians can avoid crossing the busy roadway. The Margate Park fieldhouse includes a gym, fitness center and recreational programs for all ages. While outside, the Bill Hersh Playground is an expansive soft-turf playground with climbable structures, swings and interactive stations. On the west side of the neighborhood, Buttercup Playlot Park is geared toward youngsters, with soft surfaces and baby swings, along with a mini splash pad for water play.
Buttercup Park in Margate Park offers a relaxing atmosphere for residents of Margate Park, IL.
The Margate Park Fieldhouse offers athletic options to the Margate Park neighborhood.
Margate Park, IL has an abundance of open green spaces.
Sports fields with a light dusting of snow in Margate Park, IL.
A view of Buttercup Park provides wide walkways for parkgoers'.
With miles of trails running through Margate Park, biking is a popular way to exercise.
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Take the Red Line from Argyle
Above the “Asia on Argyle” sign, the Argyle station is a convenient spot for residents to hop on the Red Line L train. One stop south, Wilson Station has both Red and Purple Line trains, for switching over – and residents heading far north on the Purple can switch at the northern Red Line terminus at Howard Station. Chicago Transit Authority buses run throughout the area, with stops along both North Sheridan Road and North Marine Drive. Express buses service inner Lakeshore Drive, while Divvy bikes and electric rental scooters offer two-wheel transportation around the highly walkable and bikeable neighborhood.
For those driving from Margate Park, U.S. Route 41 is the main road used to get either west or south. For those heading far outside of the area, O’Hare International Airport is 13 miles west – usually a drive of 40 minutes, but it can take an hour or more at peak times. Healthcare facilities within a mile include Weiss Memorial Hospital for 24-hour emergency care, along with Chicago Lakeshore Hospital Children's Pavilion.
Passengers can board the CTA Redline at Margate Park's Argyle stop.
Bus terminals in Margate Park are often covered along several highly active bus routes.
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A historic theater district
Just west of Margate Park, historic theaters and bars with connections to the golden age of the 1920s have been revived. “The Uptown Theater, the Aragon, the Riviera – there are 3 theatres at Lawrence and Broadway,” says Zipperer. “There’s also a legendary jazz club there called the Green Mill that was open back when we had gangsters; legend has it that old tunnels run under there.” While the Uptown has been closed since 1981, the Spanish Baroque Revival is still a landmark – the other two theatres host concerts and shows regularly, as does the Green Mill.
Fans line the block outside Sheridan Parks Byline Bank Aragon Ballroom for an evening concert.
The Riviera is major landmark music venue that attracts major headliners to Sheridan Park.
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Block parties and baseball
In addition to shows and performances in the theater district, Wrigley Field is less than 2 miles away. It’s more than just ball games and concerts, says Zipperer, “Years ago the Ricketts bought Wrigley, they redid a lot of the infrastructure. Now we’re going over to some of the restaurants. They have some movies over there occasionally, a Christmas market and more.” While traffic doesn’t impact Margate Park, it’s common to see folks heading to and from the events on buses, bikes or simply walking.
Margate Park Block Club is active in the community and has been arranging the annual block party on Margate Terrace for over 25 years. They also put on movie nights and live music in Buttercup Park and are part of the annual Earth Day Celebration there.
Wrigley Field is home of the World famous Chicago Cubs Baseball team.
Sports bars and iconic Chicago restaurants line the streets around Wrigley Field.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Mary Summerville,
an experienced agent in this neighborhood.
Parks in this Area
Lincoln Park
Baseball/Softball
Basketball
Bike Trails
Buttercup Park
Playground
Montrose Dog Beach
Dog Park
Fishing
Beach
Cricket Hill
Football
Soccer
Multi-Purpose Field
Puptown Dog Park
Dog Park
Trails
Multi-Purpose Field
Hickory Park
Playground
Aster Park
Playground
Foster Beach
Basketball
Bike Trails
Lake
Montrose Beach
Transit
Airport
Chicago O'Hare International
25 min drive
Bus
Sheridan & Winona
Bus
856 W Lawrence
Bus
Sheridan & Ainslie
Bus
Marine Drive & Ainslie
Bus
Marine Drive & Margate
Bus
Sheridan & Argyle
Bus
Sheridan & Gunnison
Crime and Safety
1 - Low Crime, 10 - High Crime
Margate Park
US
Homicide
4
4
Sexual Assault
6
4
Assault with Weapon
5
4
Robbery
8
4
Burglary
4
4
Motor Vehicle Theft
4
4
Larceny
5
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Margate Park Demographics and Home Trends
On average, homes in Margate Park, Chicago sell after 1 days on the market compared to the national average of 70 days. The median sale price for homes in Margate Park, Chicago over the last 12 months is $294,500, down 27% from the median home sale price over the previous 12 months.
This charming south-facing 1-bedroom condo in Uptown offers abundant natural light and stylish updates in a highly desirable location. The sun-drenched interior features wood floors,under cabinet lights, a kitchen island with bar seating, dishwasher, and built-in A/C units. Recent improvements include new bedroom carpeting, custom blinds, a fresh coat of paint, and a brand-new refrigerator,
The Aquitania - Built in 1923 originally for the booming Chicago film industry. Assessments include everything in this luxury building. Brimming with period architectural details and stately features it exudes a sophistication of truly a golden age of style and design. Enjoy sweeping lake views and vintage elegance in this lovely 1 bedroom-1 bath co-op apartment in the historic Aquitania. .
Welcome home. This amazing 3 bed, 2 bath condo, situated in the desirable Uptown neighborhood, boasts a sunlit open floor plan. This charming residence features 3 spacious bedrooms, 1.5 bathrooms, freshly painted, gleaming hardwood floors. Additional amenities include an ample storage unit, in-unit laundry facilities, and central air conditioning. The property is ideally located less than 2
Welcome Home to The Maynard at 5115 N Sheridan, Chicago's beautifully upgraded apartment community, where you can enjoy the best of everything Uptown and Edgewater have to offer. Our newly renovated Edgewater apartments in Chicago feature new cabinets, sleek stainless steel appliances, and stylish fixtures on a fashionably understated background. We use the latest decorating trends to produce
Furnished, large one-bedroom in a full amenity building. APARTMENT MUST BE RENTED FURNISHED. Indoor parking space in heated garage available for an additional $200. Conveniently located with bus stop in front of building and red line stop is 10 minutes away. Stores, restaurants and cool music venues are all within walking distance. Amenities in building include 24hr doorstaff, receiving room,
Located in Chicago’s historic Uptown neighborhood, Sheridan-Gunnison Apartments offers easy access to the Red Line, bus routes, Lake Shore Drive and miles of lakefront trails. We are a half-mile from the nearest Mariano’s, Jewel and Target. Many of our apartments have unobstructed views of Lake Michigan and the city skyline. Most importantly, we are a professionally managed building that takes
Interested in learning more about homes in this area?
Reach out to
Mary Summerville,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
6,918
Median Age
46
Population Density
45 ppl/acre
Population under 18
13%
Below the national average
23.8%
Population over 65
26.1%
Above the national average
19.1%
Finances
Median Household Income
$59,147
Below the national average
$71,702
Average Household Income
$73,479
Education and Workforce
High School Graduates
91.8%
College Graduates
51.2%
Above the national average
34.1%
Advanced Degrees
21.8%
Above the national average
13.3%
% Population in Labor Force
65.4%
Weather
Annual Precipitation
40''
Average Winter Low Temperature
17°F
Average Summer High Temperature
83°F
Annual Snowfall
40''
Area Factors
Biker's Paradise
Bike Score®
90/ 100
Somewhat Walkable
Walk Score®
64/ 100
Excellent Transit
Transit Score®
75/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
