Two-Story Mixed-Use Investment
5037-39 W Diversey Avenue Chicago, IL 60639
5037-39 W Diversey Avenue, Chicago, IL, 60639
$869,900
For Sale
$869,900
COMMERCIAL - Chicago, IL
Property Size4,200 SF
Lot Size0.14 Acres
Price / SF$207.12
Days on Market133
Property Features for 5037-39 W Diversey Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 13284010100000
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 16000
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1962
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Brick
- Roof type
- Rubber
Listing Agency
REMAX Legends
(630) 216-8000
17W480 22ND ST, Oakbrook Terrace, IL
Listed by
Edgardo Guerrero · License #475159071
(708) 655-5000
Added: Mar 6 Checked: Jul 17 at 7:06 am
MLS# 12582578
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story mixed-use investment comprises two buildings totaling approximately 4,200 square feet of rentable commercial space, paired with residential opportunities. The first building features a thriving, high-traffic restaurant with seating for 70+ guests, including a bar area and a fully equipped commercial kitchen with walk-in coolers and ample storage. The layout offers flexibility with multiple entrances and includes a rooftop deck above the rear restaurant area, plus an attached garage/storage component.
The property is positioned on a highly visible intersection along Diversey Avenue and LeClaire Avenue, benefiting from a high-traffic corridor surrounded by established retail, popular eateries, and neighborhood businesses. The location is described as offering consistent foot and vehicle traffic, with easy access to major transit routes.
For investors or owner-users, the combination of operating commercial space and residential components supports multiple income streams. The second building includes a large main-level commercial space adaptable for a wide range of businesses or investment strategies, while the second floor provides two fully rented 2-bedroom, 1-bath apartments. With rooftop deck access for residents and parking for two vehicles on the rear parking pad, the property offers a practical mixed-use platform in a steady commercial environment.
The property is positioned on a highly visible intersection along Diversey Avenue and LeClaire Avenue, benefiting from a high-traffic corridor surrounded by established retail, popular eateries, and neighborhood businesses. The location is described as offering consistent foot and vehicle traffic, with easy access to major transit routes.
For investors or owner-users, the combination of operating commercial space and residential components supports multiple income streams. The second building includes a large main-level commercial space adaptable for a wide range of businesses or investment strategies, while the second floor provides two fully rented 2-bedroom, 1-bath apartments. With rooftop deck access for residents and parking for two vehicles on the rear parking pad, the property offers a practical mixed-use platform in a steady commercial environment.
Key Highlights
- High‑visibility location on Diversey Avenue in the Belmont Cragin community.
- Two buildings with approximately 4,200 sq ft of rentable commercial space and residential potential.
- Established income from a thriving restaurant (seats 70+) and two fully rented 2‑bedroom apartments.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.3k | $23.40 |
| − Vacancy | −$6.4k | −$1.52 |
| EGI | $91.9k | $21.88 |
| − OpEx | −$23.0k | −$5.47 |
| NOI | $68.9k | $16.41 |
4,200 SF · lease $23.40/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$984.6K
$861.5K – $1.15M
NOI $68,919 @ 7.0% cap · market cap 7.92%
Second Best
Mixed Use
$931.5K
$815.1K – $1.09M
NOI $65,205 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,992 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two-building mixed-use setup with active restaurant space and residential income, positioned on a highly visible retail corridor.
Where is this conventional restaurant located?
The property is located at 5037-39 W Diversey Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: High‑visibility location on Diversey Avenue in the Belmont Cragin community.; Two buildings with approximately 4,200 sq ft of rentable commercial space and residential potential.; Established income from a thriving restaurant (seats 70+) and two fully rented 2‑bedroom apartments.
