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Condos for Sale in Margate Park, Chicago

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Overview
Market Summary
1 Bedroom Condos
2 Bedroom Condos
3+ Bedroom Condos
Pet-Friendly Condos
Fitness & Wellness Condos
Condos with Stunning Views
Schools
Neighbourhood
Demographics

About Margate Park

Margate Park is a friendly neighborhood in Chicago. This district combines the charm of city life with a close-knit community feel. People find a mix of homes and enjoy the easy access to everyday amenities. The area caters to different lifestyles and preferences. Units with 1–3 bedrooms (one-bedroom 550.0 - 1200.0 sq ft, two-bedroom 760.0 - 2000.0 sq ft, three-plus 1740.0 - 2000.0 sq ft) fit a range of needs. Residents appreciate the welcoming atmosphere and the convenience of being in the city.

Margate Park Market Summary

The condo mix runs from luxury high-rises to restored mid-rises, many with bay or ocean views, concierge, pools, and fitness centers.

Average Condo Sizes

1 Bedroom avg size773.25 sqft

2 Bedroom avg size1183.86 sqft

3 Bedroom avg size1858 sqft

Pricing and Liquidity

No price and liquidity data available.

1 Bedroom Condos

AVG PPSF$201.21 /sqft

AVG SOLD PRICE$158,722.51

AVG DAYS ON MARKET72 Days

Margate Park features a variety of 1-bed condos. Currently, these units range from 550 to 1,200 sq ft, making them suitable for different needs. Busy streets lead to local parks, where benches offer spots to relax. Many buildings sit near crosswalks, enhancing safety for pedestrians. Prices for these condos typically hover around $158,723, with a cost per square foot of about $201. Buyers often see these properties remain on the market for approximately 71 days. Sidewalks lined with mature trees create a welcoming atmosphere, while nearby eateries and corner stores add to the convenience of the area. Overall, the neighborhoods have a blend of urban and natural elements.

Featured Buildings

4950 N Marine Dr

4950 N MARINE DR, CHICAGO,IL

0 unit available

4950 N Marine Drive

4950 N MARINE DRIVE,CHICAGO,IL

0 unit available

4880 N Marine Dr

4880 N MARINE DR, CHICAGO,IL

1 unit available

View 1-Bedroom Condos

2 Bedroom Condos

AVG PPSF$250.15 /sqft

AVG SOLD PRICE$310,884.21

AVG DAYS ON MARKET69 Days

Margate Park features a selection of 2-bed condos, with sizes ranging from 760 sq ft to 2000 sq ft. Currently, the average price hovers around $310,884. Many of these homes are located near well-maintained sidewalks and stone pathways that provide easy access to nearby parks and community spaces. Street lamps line the roads, creating a welcoming atmosphere for evening strolls. Most condos remain on the market for about 69 days. Each unit typically costs around $250 per sq ft, which reflects the area's demand and charm. Residents frequently enjoy local amenities, including corner stores and convenient bus stops. Streets often showcase mature trees that add to the neighborhood's appeal.

Featured Buildings

5060 N Marine Dr

5060 N MARINE DR,CHICAGO,IL

0 unit available

4950 N Marine Dr

4950 N MARINE DR, CHICAGO,IL

0 unit available

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3+ Bedroom Condos

AVG PPSF$290.27 /sqft

AVG SOLD PRICE$537,000

AVG DAYS ON MARKET71 Days

Margate Park features a variety of 3-bed condos, providing living spaces from 1,740 to 2,000 sq ft. Most of these homes sit close to local bus stops, making it easy for residents to travel. Street lights line the roads, and wide sidewalks create a pleasant walking environment. Old trees dot the neighborhood, adding charm and shade. The selling price of a typical 3-bed condo is about $537,000. In this active market, these condos spend around 71 days on the market before selling. With a cost per foot of approximately $290, these properties showcase a blend of comfort and convenience in an inviting community.

Featured Buildings

5000 N Marine Drive

5000 N MARINE DRIVE,CHICAGO,IL

0 unit available

851 W Gunnison St

851 W GUNNISON,CHICAGO,IL

0 unit available

847 W Ainslie St

847 W AINSLIE ST,CHICAGO,IL

3 units available

View 3+ Bedroom Condos

Pet-Friendly Condos

AVG PPSF$221.83 /sqft

AVG SOLD PRICE$224,581.44

AVG DAYS ON MARKET72 Days

Margate Park is known for its pet-friendly condos. Currently, these homes are priced around $224,581, with an average market time of 72 days. Buyers often find that the cost per foot is about $222. Most condos offer easy access to parks like Montrose Dog Beach and Margate Park itself, where pets can run and play. Close to great shops and local schools, this area gives a fun and active lifestyle for pets. With lots of green spaces, it is perfect for all who wish to live near their furry companions. Enjoy the vibrant community life and direct access to outdoor adventures in this charming neighborhood.

Featured Buildings

5040 - 5060 North Marine Drive Condominiums

5056 N MARINE DRIVE,CHICAGO,IL

0 unit available

5040 N Marine Dr

5040 N MARINE DR, CHICAGO,IL

0 unit available

4920 N Marine Drive

4920 N MARINE DRIVE,CHICAGO,IL

0 unit available

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Fitness & Wellness Condos

AVG PPSF$199.86 /sqft

AVG SOLD PRICE$148,737.18

AVG DAYS ON MARKET68 Days

Margate Park features fitness and wellness condos. Currently, these homes cost around $148,738 and have a market time of about 67 days. Residents can enjoy access to Margate Park’s fields, running paths, and outdoor workout spaces, making it easy to stay active in a lush environment. Street lights line the paths, ensuring safety during walks or jogs. Benches provide spots for rest or socializing after workouts. Actually, schools, such as Andrew Jackson Language Academy, support educational needs nearby, while shopping centers offer convenience for daily items. Proximity to nature and community spots enhances a healthy lifestyle in this vibrant part of Chicago.

Featured Buildings

5040 N Marine Dr

5040 N MARINE DR, CHICAGO,IL

0 unit available

5000 N Marine Dr

5000 N MARINE DR, CHICAGO,IL

0 unit available

Ainslie Park Condominiums

844 W AINSLIE STREET,CHICAGO,IL

0 unit available

View Fitness & Wellness Condos

Stunning Views Condos

AVG PPSF$222.99 /sqft

AVG SOLD PRICE$175,583.33

AVG DAYS ON MARKET51 Days

Margate Park is a vibrant area near the heart of Chicago. Actual prices for condos here start around $212,261, with a market time of 82 days. Well-known parks, like Margate Park itself, offer open green spaces for recreation and community events. Nearby, Andrew Jackson Language Academy serves as a notable school for local families. Shops at the nearby Diversey Parkway show good options for dining and retail. Most condos afford stunning views of Lake Michigan, while some might provide glimpses of the Chicago skyline. With an average cost per square foot of $214, Margate Park condos deliver a desirable urban living experience.

Featured Buildings

5060 N Marine Dr

5060 N MARINE DR,CHICAGO,IL

0 unit available

5100 N Marine Dr

5100 N MARINE DR, CHICAGO,IL

0 unit available

4950 N Marine Dr

4950 N MARINE DR, CHICAGO,IL

0 unit available

View Condos with Stunning Condos

Schools

McCutcheon Elementary School serves students from PK to 8. Currently, it is a public school that focuses on offering a regular curriculum to help shape young minds. Most families choose this school for its caring staff and vibrant learning environment where each child can thrive. Students in preschool get a joyful start to their education, while those in grades 1 through 8 develop critical skills that ready them for the next stage of life. The approach is hands-on, allowing kids to explore and learn actively. Safe and welcoming, McCutcheon Elementary encourages growth through engagement with teachers and peers. This combination helps create confident learners prepared for future challenges.

McCutcheon Elementary School

Public|Grades PK–8

4865 N Sheridan Rd

The Neighbourhood: Margate Park

Margate Park sits near the lake and shows a mix of homes and park land. Montrose Beach attracts people for sun and lake views. Lincoln Park offers trails and green space for walks. Navy Pier provides rides, theaters, and festival space. Restaurants such as Lou Malnati's and Portillo's serve familiar Chicago food. Small diners and bakeries like Stan's Donuts appear in nearby neighborhoods. Bars like Green Mill attract live jazz fans and locals. Breweries and pubs offer casual places for evening gatherings. Buses run through the streets and link this district to other parts of the city. CTA Red Line runs to downtown and to the lakefront. Metra trains stop at local stations and connect to suburbs. Community centers and the fieldhouse host sports and classes for youth. Retail stores and small markets serve daily needs for residents. Sidewalks and bike lanes support walking and short rides around the area. Schools and churches form part of the social life of the neighborhood. Data shows that most residents are 25 to 29 years old and that one person households make up the largest group.

Demographics

Average Resident age41 years old

Average household Income$56,141 /year

Average HouseHold Composition2 People

What to know about Margate Park demographics:

Many residents have a Bachelor's degree, showing that about 31.87% of the community is well-educated.
The average age of people living here is 41 years, which may appeal to both professionals and families.

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Frequently Asked Questions about Margate Park

What is it like to live in Margate Park, Chicago, IL?

Margate Park offers a mix of residential homes and green spaces. The area has a community feel and is close to Lake Michigan. Residents enjoy parks, recreational activities, and local shops. It suits those looking for a quieter suburban lifestyle within the city.

Is Margate Park, Chicago, IL expensive?

Margate Park has a range of housing prices, but it is generally considered affordable compared to other neighborhoods in Chicago. Many homes are single-family residences with some condos. The price reflects the area’s residential nature and access to parks and the lake.

What is the weather of Margate Park, Chicago, IL?

Margate Park experiences cold winters with occasional snow. Summers are warm and can be humid. Spring and fall are generally mild, with comfortable temperatures.

How safe is Margate Park, Chicago, IL?

Margate Park generally has a mix of safety levels. The community is quieter, with many families and parks. Crime rates are lower compared to some nearby neighborhoods, but like any urban area, it's best to stay alert.