505 Margate Terrace Deerfield, IL 60015
Listing Courtesy of: MLS LogoMidwest Real Estate Data / eXp Realty

  505 Margate Terrace Deerfield, IL 60015

Active (56 Days)
$505,000 (USD)
3
BED
2
BATH
1,540
SQFT

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. 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.

MLS #:
12446193
Taxes
$10,685(2023)
Type
Single-Family Home
Year Built
1948
School District
109,112
County
Lake County

Listed By

Jason Merel, eXp Realty
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Oct 8 2025 at 5:06 PM GMT+0000
Bathroom Details
  • Full Bathroom: 1
  • Half Bathroom: 1
Heating and Cooling
  • Natural Gas
  • Central Air
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Lake Michigan
  • Sewer: Public Sewer
School Information
  • Elementary School: Kipling Elementary School
  • Middle School: Alan B Shepard Middle School
  • High School: Deerfield High School
Parking
  • On Site
  • Attached
  • Garage
Living Area
  • 1,540 sqft
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.