505 Margate, Deerfield IL 60015
Property Description
Bright, well-maintained, and full of potential, this sun-splashed ranch sits on a fabulous corner lot in one of Deerfield's most walkable locations. Just blocks from downtown, top-rated elementary schools, and Deerspring Pool, the home offers convenience, charm, and long-term value. Inside, hardwood floors run throughout the main living areas, and oversized windows invite natural light all day long. The easy, single-level layout includes an open living/dining room for effortless entertaining, a functional kitchen with great storage and flow, and three comfortable bedrooms. Outside, the corner lot offers plenty of green space and standout curb appeal. Currently leased through May 2026, this is an ideal opportunity for buyers looking to invest now and personalize later. Whether you're building your portfolio or planning ahead for your next chapter, this home offers the flexibility to do both.
Features & Information
Key Details
- List Price $505,000
- Property Taxes $10,685
- Square Feet 1540
- Price/ Sq. Ft. $327.92
- Year Built 1948
- Parking Type Garage
- Status New
Rooms
- Total Rooms 7
- Basement N
-
Master Bedroom
- Master Bath F
- Room Size 1X1
-
Bedroom 2
- Room Size 1X1
- Floor Level Main Level
-
Bedroom 3
- Room Size 1X1
- Floor Level Main Level
-
Living Room
- Room Size 1X1
- Floor Level Main Level
- Flooring Hardwood
-
Family Room
- Room Size 1X1
- Floor Level Main Level
-
Dining Room
- Room Size 1X1
- Floor Level Main Level
- Flooring Hardwood
-
Kitchen
- Room Size 1X1
- Floor Level Main Level
- Flooring Other
-
Basement
- Basement Description Slab
- Bathroom(s) in Basement N
Interior Features
-
Heating & Cooling
- Heating Type Gas
- Air Conditioning Central Air
Exterior Features
-
Building Information
- Age of Building 71-80 Years
- Exterior Construction Brick
-
Parking
- Parking Garage
- # of Cars 2
Location
- County Lake
- Township West Deerfield
- Corporate Limits Deerfield
- Directions to Property Deerfield To Warrington, North To Margate, East To 505 (corner Of Knollwood And Margate).
-
Schools
- Elementary School District 109
- School Name Kipling Elementary School
- Junior High District 109
- School Name Alan B Shepard Middle Sch
- High School District: 112
- School Name Deerfield High School
-
Property Taxes
- Tax 10685
- Tax Year 2023
- Tax Exemptions None
- Parcel Identification Number 16283180010000
-
Lot Information
- Dimensions 65 X 135
Utilities
- Sewer Sewer-Publ
Listed by Jason Merel for eXp Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/15/2025 11:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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