Margate Park

About the Building

Located in the beautiful Margate Park neighborhood of Chicago, 5100 N. Marine Drive is a sought-after residential condo development that offers quality construction, roomy units and the modern amenities and services you need to live in comfort and style in the big city. Built in 1970, this structure houses 300 individual units and includes general vicinity parking to accommodate residents with vehicles. The various floorplans consist of anywhere from studio to 2 bedrooms with an average master bedroom size of 165 square feet and a second bedroom of 132 square feet. However, if you prefer a bit more space to sleep in, there are 200+ square-foot bedrooms available in several units.

Some of the building's smaller living rooms provide 300 square feet in which to put that plush wrap-around couch and the new flat screen TV, but the average size is 326 square feet for the main room. Either way, you'll have enough room to relax and pop in a movie on those quiet nights, or host great get-togethers for the occasional celebratory event or impromptu gathering. Just make sure no little four-legged friends sneak into the party because it would violate the building strict no-pets policy.

While the ability to host parties is often an essential factor in buying a home, there are other more fiscal-aspects you're probably interested in knowing. For example, what the price per sq. foot is for the units in the building and what the properties here are selling for these days. Well, lucky for you, we've got that info right here, too.

At 5100 N. Marine Drive, the average price per square foot is $211, with the minimum listing price for the building at $135,000. While certain size units (meaning a two- versus a three-bedroom) sell better than others, a studio recently sold for $112,000 in April of 2007. On top of the pricing data, it's nice to know the market stats for the particular site as well. Once again, we've got that right here for you.

The maximum length of time a unit in this building stays on the market (which means the time between listing and closing) is 402 days. The minimum number of days it takes to sell real estate in this Great building is 23 days. Of the units that are currently listed, studio residences typically stay on the market for an average of 203 days.