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    Two-Story Mixed-Use Investment Property Title is generated by Realmo AI

    5037-39 W Diversey Avenue, Chicago, IL 60639

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    For Sale
    $869,900

    COMMERCIAL - Chicago, IL

    Property size:
    4,200 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $207/SF
    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

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    Edgardo Guerrero
    Edgardo Guerrero

    Listing agent Edgardo Guerrero License #475159071

    Listing office REMAX Legends 17W480 22ND ST, Oakbrook Terrace, IL

    Listing date Mar 6, 2026

    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.

    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

    This two-story mixed-use investment comprises two buildings totaling approximately 4,200 square feet of rentable commercial space, paired with residential opportunities. The first building features a thriving, high-traffic restaurant with seating for 70+ guests, including a bar area and a fully equipped commercial kitchen with walk-in coolers and ample storage. The layout offers flexibility with multiple entrances and includes a rooftop deck above the rear restaurant area, plus an attached garage/storage component.

    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
    4,200 SF · lease $23.40/SF/yr · vacancy 6.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $984.6K
    $861.5K – $1.15M (±1% cap)
    NOI $68,919 @ 7.0% cap · market cap 7.92%
    Second Best
    Mixed Use
    $931.5K
    $815.1K – $1.09M (±1% cap)
    NOI $65,205 @ 7.0% cap · market cap 7.50%
    Theoretical Best
    Office A
    $1.86M
    $1.62M – $2.17M (±1% cap)
    NOI $129,992 @ 7.0% cap · market cap 14.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Law Firm Acupuncture Skin Care Clinic Hotel & Motel Nursing Home Tech Support Center Catering Service Bed & Breakfast Nursing Home (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7529592
    Latitude
    41.9311948

    FAQs

    What type of property is this?
    Conventional restaurant - Two-building mixed-use setup with active restaurant space and residential income, positioned on a highly visible retail corridor.
    Where is this conventional restaurant 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.; 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.
    More about this property
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