Margate Park Homes under $200,000

Welcome to Margate Park, a hidden gem nestled in the vibrant city of Chicago, Illinois. This charming neighborhood, located in Cook County, offers a unique blend of urban convenience and suburban tranquility, making it an ideal place for families, young professionals, and retirees alike.

Margate Park is known for its lush green spaces, including the picturesque Margate Park itself, where residents can enjoy leisurely strolls, picnics, and various recreational activities. The park’s scenic views of Lake Michigan provide a perfect backdrop for outdoor enthusiasts, while the nearby beaches offer a refreshing escape during the warmer months.

One of the most attractive features of Margate Park is its diverse housing market, particularly for those seeking homes under $200,000. This affordability is a rarity in Chicago and makes Margate Park an appealing option for first-time homebuyers or those looking to invest in real estate. You can find charming vintage bungalows, cozy condos, and well-maintained multi-family homes that embody the character of the neighborhood.

The community is also conveniently located near public transportation, providing easy access to downtown Chicago and its myriad of attractions, from world-class dining to cultural experiences. Additionally, the area boasts a variety of shops, cafes, and restaurants, ensuring you’ll have everything you need right at your fingertips.

With its welcoming atmosphere, affordable housing options, and a strong sense of community, Margate Park invites you to explore the possibilities of making it your new home. Discover the charm and convenience of this delightful neighborhood today!

Newest Margate Park Homes under $200,000

$175,000

1 Beds ⋅ 1 Baths ⋅ 12774219 MLS ⋅ NEW Status

Welcome to Shoreline Park Condominiums, a classic mid-century high-rise near Foster Beach, Margate Park, the lakefront trail, dining, public transportation, and Lake Shore Drive. This bright 1 bedroom, 1 bath condo features an open living/dining area, updated kitchen, modern flooring, great natural light, and a larger storage space for added convenience. The building offers 24-hour door staff, fitness center, game room, business center, laundry, on-site management, rooftop sundeck with lake and park views, and convenient valet parking. FHA approved building and rentals allowed. Electricity is billed through the building. Monthly assessment breakdown includes $530.20 for the unit, $73.69 for valet parking, and $21.84 for internet.

4980 N Marine Drive Unit #1431, Chicago

$154,900

1 Beds ⋅ 1 Baths ⋅ 12772059 MLS ⋅ NEW Status

Charming and spacious one-bedroom condo in Uptown! Fantastic for owner occupant wanting to bring their own updates to a classic space, or an investor looking for a solid rental opportunity. Wonderful location, positioned on a quiet picturesque street, and steps away from the park and Foster beach. This condo features hardwood flooring throughout the living space, bedroom carpet has been professionally cleaned, and unit has been fully repainted. An abundance of windows gives the unit plenty of natural sunlight as well. Easy walk to multiple L stops and close to LSD as well.

4970 N Marine Drive Unit #227, Chicago

$160,000

1 Beds ⋅ 1 Baths ⋅ 12755593 MLS ⋅ ACTIVE Status

Welcome to this spacious one-bedroom corner-unit condo in the heart of Uptown, offering an excellent opportunity to create a home tailored to your vision. Situated on a quiet, picturesque street just steps from the park and lake, this bright and generously sized unit offers a desirable combination of location, space, and potential. The corner-unit layout provides abundant natural light throughout, with an expansive floor plan featuring a large living room and separate dining area. The unit also offers ample storage and plenty of space for a thoughtful update or modern makeover. Monthly assessments include ALL utilities, including heat, cable, internet, water, gas, and electric, including electricity for air conditioning-providing added convenience and value, elevator. Enjoy the fitness room and breathtaking rooftop views at 4950-80 N. Marine, perfect for relaxing or entertaining guests. Enjoy an unbeatable location just steps from the lakefront and park, close to Foster Beach, with easy access to CTA bus and train stations. A wonderful opportunity to bring your design ideas to life in one of Chicago's desirable lakefront neighborhoods.

4920 N Marine Drive Unit #S208, Chicago

$160,000

1 Beds ⋅ 1 Baths ⋅ 12757567 MLS ⋅ ACTIVE Status ⋅ Shoreline Park BLDG.

Beautifully refreshed and ready to enjoy! This inviting home features fresh paint throughout, along with a new refrigerator, air conditioner, and blinds. The living room offers a lovely view of the lake, bringing a peaceful feel to the space. There's also a perfect spot for a cafe table, ideal for enjoying your morning coffee or a casual meal. With its recent updates and wonderful lake view, this home is both comfortable and move-in ready. Heat is included in the assessment. Step outside and enjoy the lakefront bike and walking path directly across the street, with Montrose and Foster beaches just minutes away. Getting around the city is easy with the 136, 146, and 148 buses stopping right in front of the building and the Red Line approximately 8 minutes away. Restaurants, shopping, and some of Chicago's historic music venues are all within walking distance. The full-amenity building features 24-hour front desk staff, on-site management and maintenance, package receiving, a fitness center, game room, business center, community room, laundry facilities, bike storage, and two rooftop decks offering incredible 360-degree views of Lake Michigan and the Chicago skyline. Spacious living, heated garage parking, outstanding amenities, and an unbeatable lakefront location-all in one great home.

4970 N Marine Drive Unit #827, Chicago

$149,900

1 Beds ⋅ 1 Baths ⋅ 12691860 MLS ⋅ ACTIVE Status ⋅ Aquitania BLDG.

Incredible value for this beautifully maintained, spacious vintage one-bedroom, one-bath residence in the iconic Aquitania! Flooded with natural light from numerous windows, this elegant home also offers partial lake views from both the living and dining rooms. The gracious floor plan features a welcoming entry foyer, an expansive living room, a separate dining room and a large kitchen with quartz countertops and stainless steel appliances. The spacious bedroom includes a walk-in closet and an en-suite bathroom that retains its timeless vintage charm. Hardwood floors run throughout the home, adding warmth and character. The Aquitania is a co-op building and the monthly assessments include: real estate taxes, heat, gas, electricity, water, 24-hour door staff, on-site engineers and professional on-site management. Ideally located directly across from the park and just a short walk to Foster Ave. Beach and the lakefront, this home also offers outstanding public transportation with bus stops right outside the building and easy access to the CTA Red Line at Argyle. Enjoy classic architecture, generous living space, and an unbeatable location at an exceptional price!

5000 N Marine Drive Unit #14E, Chicago

$169,999

1 Beds ⋅ 1 Baths ⋅ 12673920 MLS ⋅ ACTIVE Status

Experience elevated lakefront living in this sun-filled 7th-floor 1 bed unit at the iconic Art Deco Marine Drive Association. This oversized home offers a bright open layout, updated lighting, 2 HOA-approved A/C units, and a spacious kitchen ready for your personal touch, an ideal canvas to create your own modern retreat. The full-amenity building features a doorperson, fitness center, party room, bike storage, and a stunning landscaped courtyard with a fountain. Perfect for downtown professionals, with express buses #146/147/148/136 right outside and the Argyle Red Line minutes away. Close to the lake, Lincoln Park, beaches, running paths, Mariano's, and vibrant Argyle. Assessments include all utilities, cable, and internet. A rare opportunity to live luxuriously with unbeatable access to the city. Sold "as-is."

5044 N Marine Drive Unit #A7, Chicago

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