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$1,035,000
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Property Description
Discover the potential of this 5-unit property, perfectly situated just steps from Lincoln Park. Featuring four parking spaces at the rear and an unbeatable location, this property is a fantastic investment opportunity. For more information or to arrange a showing, contact the listing broker today. Currently no tenants. Seller occupies first floor unit. Building being sold AS-IS.
Full Property Details
Full Property Details for 858 W Margate Terrace
General
- Sold For: $1,035,000
- Taxes: $16,985 (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12171748
- Added to Site: 378 day(s) ago
Location
- Area: CHI - Uptown
- County: Cook
- Driving Directions: N Marine Dr and W Ainslie St to W Margate Terrace
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Building Heat, Radiators, Steam
Utilities
- Water: Community Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Exterior Entry, Bath/Stubbed, Concrete
- Foundation: Concrete Perimeter
- Roof: Reflective Coating
- Stories/Levels: 3
- Square Feet: 5,304
- Current Bldg. Use: Multi-Family
- Year Built: 1909
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 4
- Units w/Range/Oven: 4
Lot Features
- Lot Size (Sq. Ft.): 5,000
- Lot Dimensions: 40 x 125
Financial Considerations
- Assessment Year: 1909
- Tax Amount: $16,985
- Tax Year: 2022
Disclosures and Reports
- Property ID: 14084120200000
Listed by Keller Williams North Shore West
Sold by Non Member
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Schools
Schools serving 858 W Margate Terrace
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mccutcheon Elementary School 4865 North Sheridan Road, Chicago, IL 60640 | PK-8 | 0.2 mi |
Senn High School 5900 North Glenwood Avenue, Chicago, IL 60660 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 858 W Margate Terrace
Date
Details
Price
Change
Source
8/04/2025
Sold
$1,035,000
6.15%
MLS
1/03/2025
Listed
$975,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
858 W Margate Terrace, Chicago, IL 60640 (MLS# 12171748) is a Commercial property that was sold at $1,035,000 on August 04, 2025. Want to learn more about 858 W Margate Terrace? Do you have questions about finding other Commercial real estate for sale in Uptown? You can browse all Uptown real estate or contact a Coldwell Banker agent to request more information.

