5037-39 W Diversey Avenue
Chicago, IL, 60639 $ 889,900
Bedrooms-- Baths-- Sq 5,500 for $889,900. This 5,500 square foot property was built in 1962 on a lot size of 0.14348.
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 space across two buildings, the property combines established income, flexible commercial use, and residential potential. The first 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. The second building includes a large main-level commercial space adaptable for a wide variety of businesses or investment opportunities. The second floor features two fully rented 2-bedroom, 1-bath apartments, providing steady rental income. Residents also enjoy access to a rear rooftop deck, along with parking for two vehicles on the rear parking pad. 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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FeaturesGeneralCooling 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 111600
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 5
MLS Area CHI - Belmont Cragin
Lot Size Square Feet 6250
Tax Annual Amount 16000
Electric Expense 250
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1500
Additional Parcels Y/N Y
Lease Type Gross
Standard Status Active
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ExteriorFoundation Details Block Concrete Perimeter
Building Area Total 5500
Lot Dimensions 50 x 124
Frontage Type City Street
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* Excluded FeaturesList Byedgar-guerrero@att.netEmail
NearbyAbout Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/6/2026 | $889,900 | | Listed Price |