Chicago, IL 60641 5319 W Belmont Avenue

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Presented By: Chicagoland Brokers Inc.
  • MLS# 12632431
  • 04/28/2026
  • Request Tour
  • Request Info
  • SQFT • 5,300

Home Details

This premium investment opportunity presents a turnkey banquet hall, including the underlying real estate. Spanning 5,300 square feet, the property has undergone an extensive renovation down to the studs to offer a refined, modern aesthetic throughout. The building infrastructure is entirely updated with all-new HVAC units, a brand-new flat roof, and upgraded electrical and plumbing systems. Designed for maximum versatility, the space is a staple for private parties and community events alike. The intelligent layout can be divided to accommodate two separate parties simultaneously, with both the front and rear sections of the venue featuring their own private wet bars. Guests will appreciate the contemporary styling, five flat-screen televisions, and elegantly designed facilities, including a dedicated employee bathroom, a four-stall women's restroom, and a two-stall men's restroom with all-new fixtures. While the venue is currently a sought-after destination for weekend rentals, significant upside potential exists to maximize profit. A new owner could expand operations by booking weekday events or utilizing the high-capacity commercial kitchen as a restaurant or "ghost kitchen" during non-event hours. The kitchen is fully prepared for high-volume operations, featuring a walk-in cooler, walk-in freezer, commercial stove, grill, deep fryer, and exhaust fan. Additional assets include a heating table, dishwasher, and a complete inventory of china, tableware, and server ware. The venue is move-in ready with 25 tables and approximately 130 chairs. Conveniently located, the property offers five private parking spaces at the rear with an abundance of public parking directly in front. With ongoing bookings already on the calendar, this is an exceptional chance to acquire a fully modernized facility designed for immediate and scalable success.
Presented By: Chicagoland Brokers Inc.

General for 5319 W Belmont Avenue

Additional Parcels Y/NNo
Business TypeFood & Beverage, Restaurant, Other
CityChicago
CoolingCentral Air
CountyCook
DirectionsSouth on Pulaski Rd., West on Belmont Ave and continue to 5319
Lot Size Square Feet6250
MLS AreaCHI - Belmont Cragin
Operating Expense29270
PossessionClosing
Property TypeBusiness Opportunity
Property TypeBus / Bus w/Real Est
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount17962
Tax Year2023
ZoningCOMMR

Exterior for 5319 W Belmont Avenue

Building Area Total5300
Lot Dimensions51x132
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $1,100,000
MLS#12632431
List Date 04/28/2026
Property Type Business Op
Phone 847.485.2500
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