Deerfield, IL 60015 505 Margate Terrace
$505,000



14 more















Presented By: eXp Realty
Home Details
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. Tenant occupied, please do not approach property without a confirmed appointment. 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.
Presented By: eXp Realty
Interior Features for 505 Margate Terrace
Bedrooms
Bedrooms Possible3
Total Bedrooms3
Bathrooms
Half Baths1
Total Baths2
Other Interior Features
LivingAreaSourceAssessor
BasementNone
Other Rooms
Room TypeNo additional rooms
General for 505 Margate Terrace
Assoc Fee Paid PerNot Applicable
Association Fee IncludesNone
CityDeerfield
Construction MaterialsBrick
CoolingCentral Air
CountyLake
DirectionsDeerfield to Warrington, north to Margate, east to 505 (corner of Knollwood and Margate).
Elementary SchoolKipling Elementary School
Elementary School District109
Full Baths1
Garage Spaces2
HeatingNatural Gas
High SchoolDeerfield High School
High School District112
Living Area1540
MLS AreaDeerfield, Bannockburn, Riverwoods
Middle/Junior High SchoolAlan B Shepard Middle School
Middle/Junior School District109
ModificationTimestamp2025-09-12T19:50:02.243Z
New ConstructionNo
OwnershipFee Simple
PossessionOther
Property TypeResidential
Property TypeDetached Single
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount10685
Tax Year2023
Total Rooms7
TownshipWest Deerfield
Year Built1948
Exterior for 505 Margate Terrace
Lot Dimensions65 X 135
Parking FeaturesOn Site, Attached, Garage
Total Parking2
Water SourceLake Michigan
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Deerfield High School
Middle School
Alan B Shepard Middle School
Elementary School
Kipling Elementary School
