5037-39 W Diversey Avenue, Chicago, IL 60639
- Added:
- Mar 6, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 3 at 8:06 pm
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 agent Edgardo Guerrero License #475159071 (708) 655-5000
Listing office REMAX Legends 17W480 22ND ST, Oakbrook Terrace, IL (630) 216-8000
Listing date Mar 6, 2026
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.
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.
- Fully equipped commercial kitchen with walk‑in coolers and ample storage.
- Spacious residential unit with three oversized bedrooms and abundant natural light.
- Rooftop decks and parking included.
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7529592
- Latitude
- 41.9311948