Mixed-Use Property in Belmont
5037-39 W Diversey Ave, Chicago, IL 60639
Two-story mixed-use property with commercial and residential potential.
Type:Office, Multifamily, Retail, Mixed Use
Property size:
5,500 SFPrice / SF:
$161/SF- Added:
- Mar 7, 2026
- Days on Market:
- 75
- Last Refresh:
- Mar 16 at 3:11 pm
Property Features for 5037-39 W Diversey Ave
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Office, Multifamily, Retail, Mixed Use
Building Details
- Year Built
- 1962
Listing agent Edgar R Guerrero License #IL 874979
Listing office Remax Legends
Listing date Mar 7, 2026
Source Crexi
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
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.
- Spacious residential unit above the restaurant featuring three oversized bedrooms and abundant natural light.
- Second building includes a large commercial space and two fully rented 2‑bedroom apartments, providing steady rental income.
- Includes desirable amenities such as rooftop decks, attached garage/storage, and rear parking pad.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7529592
- Latitude
- 41.9311948
Nearby Similar for Sale
FAQs
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 Ave Chicago, IL.
What is the asking price?
The asking price for this property is $889,900.
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.
