5037 W Diversey Avenue Chicago, IL $ 529,900
5037 W Diversey Avenue
$ 529,900
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5037 W Diversey Avenue

Chicago, IL, 60639
$ 529,900
Bedrooms-- Baths-- Sq 4,000
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Property for Rent in Chicago, IL

for $529,900. This 4,000 square foot property was built in 1962 on a lot size of 0.07174.

Positioned on the highly visible location of Diversey Avenue and LeClaire Avenue, this two-story mixed-use property presents an outstanding opportunity for investors and owner-users seeking a strong presence in Chicago's vibrant Belmont Cragin community. Offering approximately 4,200 square feet of rentable commercial and residential space, the property combines established income, flexible commercial use, and residential potential. This building features a thriving, high-traffic restaurant with seating for 70+ guests, a welcoming bar area, and a fully equipped commercial kitchen with walk-in coolers and ample storage. The flexible layout and multiple entrances provide excellent potential for expansion or reconfiguration, making the space suitable for a restaurant concept, banquet hall, party venue, or other commercial venture. Above the restaurant, the second floor offers a spacious and sun-filled residential unit with three oversized bedrooms, a large living room, formal dining room, eat-in kitchen, laundry room, and abundant natural light. Additional highlights include a rooftop deck above the rear restaurant area and an attached garage/storage space. Located in a high-traffic corridor surrounded by established retail, popular eateries, and neighborhood businesses, the property benefits from excellent visibility and consistent foot and vehicle traffic. With easy access to major transit routes, it sits within a thriving community known for strong household incomes and steady commercial activity. This estate sale offers the rare chance to acquire a well-positioned mixed-use investment that blends income potential, prime location, and long-term growth opportunity. Invest with confidence and watch your investment grow.

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Rental Active

Price

$ 529,900

Taxes

$ 8,839

Style

Lot Size

0.07174

Year Built

1962

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12585356

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick
Year Built 1962
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Sewer
Stories Count 2
Township Jefferson
Tax Year 2023
Gross Income 80400
County Cook
Net Operating Income 0
Operating Expense 0
Insurance Expense 650
Property Type Commercial Sale Mixed Use
Possible Use Commercial Conditional Use Office Multi-Family Retail
Status New
Directions North or South on Cicero Ave to Diversey St. West on Diversey to PROPERTY!
City Chicago
Number Of Units Total 2
MLS Area CHI - Belmont Cragin
Lot Size Square Feet 3125
Tax Annual Amount 8839
Electric Expense 250
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1500
Additional Parcels Y/N N
Lease Type Gross
Standard Status Active
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Exterior
Foundation Details Block Concrete Perimeter
Building Area Total 4000
Lot Dimensions 25 x 124
Frontage Type City Street
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* Excluded Features
List By
Remax Legends

Broker

edgar-guerrero@att.net

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/6/2026$529,900 Listed Price

Map


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5037 W Diversey Avenue, Chicago, IL, 60639 is a Property for Rent at $529,900 with 4,000 sqft and a lot size of 0.07174. 5037 W Diversey Avenue was built in 1962. The property's zip code is 60639 which is in Chicago, IL