Margate Park, Chicago, IL
Margate Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Margate Park, Chicago, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Margate Park Neighborhood Overview
Margate Park is a residential neighborhood located in the Uptown community area on Chicago's North Side. It is known for its quiet, tree-lined streets and its prime location directly adjacent to Lake Michigan. The neighborhood offers a suburban-like feel within the vibrant city of Chicago.
Lifestyle & Amenities
Residents enjoy direct access to Montrose Beach and the expansive Montrose Point Bird Sanctuary, providing ample green space and lakefront recreation. The area is also home to the popular Margate Park Field House and is conveniently located near the shopping and dining options along Broadway and Lawrence Avenue in Uptown.
Real Estate Market
The real estate market in Margate Park is characterized by higher-value properties, with a Census median home value of $556,900. Current market data indicates a price per square foot of approximately $267.66, reflecting the desirability of its lake-adjacent location and established residential character.
Schools & Education
Families in Margate Park are served by Chicago Public Schools. The neighborhood's location in Uptown provides access to a variety of educational options, including selective enrollment and magnet schools within the district. Prospective residents are encouraged to research current school assignments and ratings.
Transportation & Connectivity
The neighborhood is well-served by public transit, with several CTA bus lines running along nearby thoroughfares like Broadway and Lawrence. While not directly served by the 'L' train, the Wilson Red Line station is accessible, providing a direct link to downtown Chicago and O'Hare Airport.
Why Choose Margate Park
Margate Park is ideal for those seeking a peaceful, family-friendly environment with unparalleled access to lakefront parks and beaches. Its strong community feel, coupled with its high median household income of $121,294, makes it a stable and sought-after North Side enclave. It offers a perfect balance of serene residential living and urban convenience.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Margate Park Market Data
| Metric | Value |
|---|---|
| Median Home Price | $557K |
| Median Gross Rent | $3K/mo |
| Median Household Income | $121K |
| Homeownership Rate | 30.5% |
| Renter-Occupied | 69.5% |
| Rental Vacancy Rate | 7.2% |
| Market Type | Buyer's |
| Market Tier | Luxury |
| Primary ZIP Code | 60601 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Margate Park, Chicago
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Margate Park, Chicago, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12