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Two-Building Mixed-Use Property
For Sale
$869,900

5037-39 W Diversey Avenue, Chicago, IL 60639

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.14 Acres
Days on Market168

Property Features for 5037-39 W Diversey Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions North or South on Cicero Ave to Diversey St. West on Diversey to PROPERTY!
Subdivision CHI - Belmont Cragin
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

Amenities

rooftop deck
attached garage/storage space

Building Details

Year built 1962
Floors in Building 2
Number of units 5
Building materials Brick
Roof type Rubber
Listing Agency: REMAX Legends · RE/MAX International
Listed By: Edgardo Guerrero · License #475159071
Added: Mar 6 Changed: Aug 20 Last Checked: Aug 21 at 11:06AM
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 property comprises two buildings with approximately 4,200 square feet of rentable commercial space. The primary building contains a restaurant with seating for 70+ guests, a bar, commercial kitchen, walk-in coolers, storage, and multiple entrances. Its upper level includes a three-bedroom residential unit with living, dining, kitchen, and laundry areas. A rooftop deck and attached garage/storage area add further utility.

The second building provides another main-level commercial area, while its upper floor contains two fully rented 2-bedroom, 1-bath apartments. A second rooftop deck and rear parking pad accommodate two vehicles. The property is located at 5037-39 W Diversey Avenue in Chicago’s Belmont Cragin community, near Diversey Avenue and LeClaire Avenue. Zoning is COMMR; the structure was built in 1962 with brick construction, central air, rubber roofing, and natural gas availability.

Key Highlights

  • Approximately 4,200 square feet of rentable commercial space across two buildings
  • Restaurant includes seating for 70+ guests, a bar, commercial kitchen, walk‑in coolers, and storage
  • Two fully rented 2‑bedroom, 1‑bath apartments in the second building

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Acupuncture Skin Care Clinic Catering Service Hotel & Motel Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,803
Businesses Nearby

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

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial space, a restaurant, and three rented apartments occupy this two-story Chicago property.
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: Approximately 4,200 square feet of rentable commercial space across two buildings; Restaurant includes seating for 70+ guests, a bar, commercial kitchen, walk‑in coolers, and storage; Two fully rented 2‑bedroom, 1‑bath apartments in the second building
More about this property
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