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$ 529,900
Est. payment /mo
Active Under Contract
5037 W Diversey AVE Chicago, IL 60639
4,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $132
MLS Listing ID 12585356
Year Built 1962
Annual Tax Amount $8,839
Tax Year 2023
Lot Dimensions 25 x 124
Property Sub-Type Mixed Use
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 and residential space, the property combines established income, flexible commercial use, and residential potential. This 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. 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.
Location
State IL
County Cook
Area Chi - Belmont Cragin
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
Roof Type Rubber
Building
Dwelling Type Mixed Use
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Edgardo Guerrero of REMAX Legends
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