Mixed-Use Property in Belmont
For Sale
$529,900
5037 W Diversey Avenue, Chicago, IL 60639
Two-story mixed-use property with commercial and residential space.
Property Size4,000 SF
Price / SF$126.17
Days on Market171
Property Features for 5037 W Diversey Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$8,839
Building Details
Building Size
4,000 SF
Year Built
1962
Stories
2
Units
2
Listing Agency:
REMAX Legends
(630) 216-8000
Listed By:
Edgardo Guerrero · License #874979
(630) 216-8000
Source:
Midwestrealestate
Added: Mar 6
Changed: Aug 23
Last Checked: Aug 21 at 4:37AM
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 offers approximately 4,200 square feet of rentable commercial and residential space. The property features a high-traffic restaurant with seating for over 70 guests, a bar area, and a commercial kitchen equipped with walk-in coolers and storage. The layout and multiple entrances allow for expansion or reconfiguration, making the space suitable for a restaurant concept, banquet hall, party venue, or other commercial venture. The second floor includes a residential unit with three oversized bedrooms, a large living room, a formal dining room, an eat-in kitchen, and a laundry room. Additional features include a rooftop deck above the rear restaurant area and an attached garage/storage space. Situated in a high-traffic corridor surrounded by retail, eateries, and neighborhood businesses, the property benefits from visibility and consistent foot and vehicle traffic. The property is located in a community known for household incomes and commercial activity. This property blends income potential, location, and growth opportunity.
Key Highlights
- High‑visibility location on Diversey Avenue in the Belmont Cragin community.
- Thriving, high‑traffic restaurant with seating for 70+ and a fully equipped commercial kitchen.
- Spacious, sun‑filled three‑bedroom residential unit on the second floor.
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 space.
Where is this mixed-use property located?
The property is located at 5037 W Diversey Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: High‑visibility location on Diversey Avenue in the Belmont Cragin community.; Thriving, high‑traffic restaurant with seating for 70+ and a fully equipped commercial kitchen.; Spacious, sun‑filled three‑bedroom residential unit on the second floor.
