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5037 W Diversey Avenue

5037 W Diversey Avenue, Chicago, IL 60639

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.

Features & Amenities

Exterior

Stories 2
Utilities Electric to Site, Natural Gas Available, Sewer Connected
ROOF Rubber
Air Conditioning Central Air
Substructure Block, Concrete Perimeter

Area & Lot

Status Sold
Date Sold August 31, 2026
LIVING SPACE 4,000 Sq.Ft.
TOTAL AREA 4,000 Sq.Ft.
LOT SIZE 3,125 Sq.Ft.
MLS® ID 12585356
Type Other
Year Built 1962

Financial

SALES PRICE $518,000
REAL ESTATE TAXES $8,839/yr
Zoning COMMR

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