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5037-39 W Diversey Avenue, Chicago, IL 60639

$889,900
  • 5037-39 W Diversey Avenue, Chicago, IL 60639 Main Photo

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Active
SQUARE FEET5,500 MLS#12582578
STATUSActive PROPERTY TYPECommercial - Retail

Property Description

Positioned on the highly visible location of Diversey Avenue and LeClaire Avenue, this two-story mixed-use property presents an outstanding opportunity for investors and owner-users seeking a strong presence in Chicago's vibrant Belmont Cragin community. Offering approximately 4,200 square feet of rentable commercial space across two buildings, the property combines established income, flexible commercial use, and residential potential. The first building features a thriving, high-traffic restaurant with seating for 70+ guests, a welcoming bar area, and a fully equipped commercial kitchen with walk-in coolers and ample storage. The flexible layout and multiple entrances provide excellent potential for expansion or reconfiguration, making the space suitable for a restaurant concept, banquet hall, party venue, or other commercial venture. Above the restaurant, the second floor offers a spacious and sun-filled residential unit with three oversized bedrooms, a large living room, formal dining room, eat-in kitchen, laundry room, and abundant natural light. Additional highlights include a rooftop deck above the rear restaurant area and an attached garage/storage space. The second building includes a large main-level commercial space adaptable for a wide variety of businesses or investment opportunities. The second floor features two fully rented 2-bedroom, 1-bath apartments, providing steady rental income. Residents also enjoy access to a rear rooftop deck, along with parking for two vehicles on the rear parking pad. Located in a high-traffic corridor surrounded by established retail, popular eateries, and neighborhood businesses, the property benefits from excellent visibility and consistent foot and vehicle traffic. With easy access to major transit routes, it sits within a thriving community known for strong household incomes and steady commercial activity. This estate sale offers the rare chance to acquire a well-positioned mixed-use investment that blends income potential, prime location, and long-term growth opportunity. Invest with confidence and watch your investment grow

5037-39 W Diversey Avenue | MLS# 12582578

This commercial property located at 5037-39 W Diversey Avenue, Chicago, IL 60639 is currently listed for sale with an asking price of $889,900. Search Chicago real estate on lindadunn.bhhscrosby.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.14 Acres
Roof Type: Rubber
Stories: 2.0
Taxes: $16,000
Year Built: 1962

Feature Descriptions

Electric: Circuit Breakers
Exterior: Brick
Fire Protection: Ansul System
Foundation: Block, Concrete Perimeter
Frontage Type: City Street
HVAC: Gas
Location: Central Business District
Lot Dimensions: 50 x 124
Number of Tenant(s): 4
Parcel#: 13284010100000
Parking: 1-5 Spaces
Potential Use: Commercial, Conditional Use, Office, Multi-Family, Retail
Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
Units: 5
Utilities: Electric to Site, Natural Gas Available, Sewer Connected

Listed By / Shown By

Listed By

Agency Name: REMAX Legends
Agency Phone: 630-216-8000

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