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Mixed-Use Restaurant and Apartments

5039 W Diversey Avenue Chicago, IL 60639

5039 W Diversey Avenue, Chicago, IL, 60639
$469,900
For Sale
$469,900

COMMERCIAL - Chicago, IL

Lot Size0.07 Acres
Days on Market99

Property Features for 5039 W Diversey Avenue

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Standard status
Active
APN
13284010090000
Lot size
0.07 Acres

Taxes and HOA fees

Tax Year
2023
Tax Annual Amount
7194

Utilities

Utilities
Natural Gas Available
Cooling system
Central Air

Building Details

Year built
1962
Floors in Building
2
Number of units
3
Building materials
Brick
Roof type
Rubber
Listing Agency REMAX Legends
17W480 22ND ST, Oakbrook Terrace, IL
Listed by Edgardo Guerrero · License #475159071
Added: Apr 10 Checked: Jul 17 at 7:06 am
MLS# 12615722

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 mixed-use building offers a large main-level commercial space adaptable for a variety of business concepts, alongside a thriving restaurant operation. The restaurant includes seating for 70+ guests, a welcoming bar area, a fully equipped commercial kitchen with walk-in coolers and ample storage, and a flexible layout with multiple entrances. A rooftop deck sits above the rear restaurant area, and there is an attached garage/storage space. The second floor features two fully rented 2-bedroom, 1-bath apartment units, along with resident access to a rear rooftop deck and parking for two vehicles on the rear parking pad.

The property is located on a high-traffic corridor surrounded by established retail, popular eateries, and neighborhood businesses, supporting strong visibility and consistent foot and vehicle traffic. It also benefits from easy access to major transit routes within a thriving community environment.

For investors, this configuration combines operating income potential with residential rental income. The commercial space’s adaptability supports uses such as a restaurant concept, banquet hall, or party venue, while the upstairs units provide steady cash flow. This is a compelling fit for buyers seeking a well-positioned mixed-use asset with the ability to evolve the ground-floor offering over time.

Key Highlights

  • High‑traffic location with excellent visibility, surrounded by established businesses and easy access to transit.
  • Mixed‑use property with both commercial and residential income potential.
  • Thriving restaurant space with seating for 70+, bar area, and fully equipped commercial kitchen.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Law Firm Acupuncture Skin Care Clinic Catering Service Hotel & Motel Tech Support Center (Bike/Boat/Book/etc) Store Nursing Home Cafe & Coffee Shop Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Conventional restaurant - High-traffic restaurant with 70+ seating plus income-producing second-floor apartments and rooftop deck access.
Where is this conventional restaurant located?
The property is located at 5039 W Diversey Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: High‑traffic location with excellent visibility, surrounded by established businesses and easy access to transit.; Mixed‑use property with both commercial and residential income potential.; Thriving restaurant space with seating for 70+, bar area, and fully equipped commercial kitchen.
Contact an agent
More about this property
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