505 Margate Terrace, Deerfield, IL 60015

Local realty services provided by:Better Homes and Gardens Real Estate Connections
505 Margate Terrace,Deerfield, IL 60015
$505,000
  • 3 Beds
  • 2 Baths
  • 1,540 sq. ft.
  • Single family
  • Active
Listed by:jason merel
Office:exp realty
MLS#:12446193
Source:MLSNI

Price summary

  • Price:$505,000
  • Price per sq. ft.:$327.92

About this home

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.

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Home facts

  • Year built:1948
  • Listing Id #:12446193
  • Added:1 day(s) ago
  • Updated:August 14, 2025 at 07:41 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,540 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1948
  • Building area:1,540 sq. ft.

Schools

  • High school:Deerfield High School
  • Middle school:Alan B Shepard Middle School
  • Elementary school:Kipling Elementary School

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$505,000
  • Price per sq. ft.:$327.92
  • Tax amount:$10,685 (2023)
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