Chicago, IL 60639 5037-39 W Diversey Avenue

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Presented By: REMAX Legends
  • MLS# 12582578
  • 03/06/2026
  • Request Tour
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  • SQFT • 5,500

Home Details

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
Presented By: REMAX Legends

General for 5037-39 W Diversey Avenue

Additional Parcels Y/NYes
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
DirectionsNorth or South on Cicero Ave to Diversey St. West on Diversey to PROPERTY!
ElectricCircuit Breakers
Electric Expense250
Fuel Expense
Gross Income111600
Insurance Expense650
Lease TypeGross
Lot Size Square Feet6250
MLS AreaCHI - Belmont Cragin
Net Operating Income
Number Of Units Total5
Operating Expense
PossessionClosing
Possible UseCommercial, Conditional Use, Office, Multi-Family, Retail
Property TypeCommercial Sale
Property TypeMixed Use
RoofRubber
Standard StatusActive
StatusPrice Change
Stories Count2
Tax Annual Amount16000
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat, Sewer
TownshipJefferson
Trash Expense0
UtilitiesElectric to Site, Natural Gas Available, Sewer Connected
Water Sewer Expense1500
Year Built1962
ZoningCOMMR

Exterior for 5037-39 W Diversey Avenue

Building Area Total5500
Foundation DetailsBlock, Concrete Perimeter
Frontage TypeCity Street
Lot Dimensions50 x 124

Additional Details

Price History

Client Care

Price $869,900
MLS#12582578
List Date 03/06/2026
Property Type Commercial
Phone 847.485.2500
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