Mixed-Use Property in Belmont
For Sale
Contact for pricing
5037-39 W Diversey Avenue, Chicago, IL 60639
Two-story mixed-use property with commercial and residential potential.
Property Size5,500 SF
Price / SF$158.16
Days on Market167
Property Features for 5037-39 W Diversey Avenue
General Information
Standard status
Active
Size
5,500 SF
Class
A
Total Parking Spaces
5
Property subtype
Office, Multifamily, Retail, Mixed Use
Zoning
COMMR
Lease Type
Gross
Building Details
Year Built
1962
Stories
2
Units
5
Listing Agency:
Remax Legends
Listed By:
Edgar R Guerrero · License #IL 874979
Source:
Crexi
Added: Mar 7
Changed: Aug 18
Last Checked: Aug 21 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Legends
Investment Insights
Based on property information with market context.
Located on Diversey Avenue and LeClaire Avenue, this two-story mixed-use property in Chicago's Belmont Cragin community offers approximately 4,200 square feet of rentable commercial space across two buildings. The first building houses a high-traffic restaurant with seating for over 70 guests, a bar area, and a commercial kitchen equipped with walk-in coolers. The layout allows for expansion or reconfiguration, suitable for a restaurant, banquet hall, party venue, or other commercial uses. Above the restaurant, the second floor features a residential unit with three bedrooms, a living room, a dining room, an eat-in kitchen, and a laundry room. Additional features include a rooftop deck and an attached garage/storage space. The second building includes a main-level commercial space adaptable for various businesses. The second floor contains two rented 2-bedroom, 1-bath apartments, providing rental income. Residents have access to a rear rooftop deck and parking for two vehicles on the rear parking pad. Situated in a high-traffic area with retail, eateries, and neighborhood businesses, the property benefits from visibility and consistent traffic. The property is located within a community known for household incomes and commercial activity. The property size is 5,500 square feet.
Key Highlights
- High‑visibility location on Diversey Avenue in the Belmont Cragin community, ensuring strong foot and vehicle traffic.
- Substantial rentable commercial space (approximately 4,200 sq ft) across two buildings, offering flexible use and income potential.
- Established high‑traffic restaurant with seating for 70+, a bar area, and a fully equipped commercial kitchen.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,803
Businesses Nearby
Explore this area
Business Placement
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use property with commercial and residential potential.
Where is this mixed-use property 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, ensuring strong foot and vehicle traffic.; Substantial rentable commercial space (approximately 4,200 sq ft) across two buildings, offering flexible use and income potential.; Established high‑traffic restaurant with seating for 70+, a bar area, and a fully equipped commercial kitchen.
