Listing provided courtesy of REMAX LegendsMREDas Distributed by MLSGrid- MLS# 12582578MLS Provider

5037-39 W Diversey AvenueChicago, IL 60639

Commercial · 5,500 Sq. ft.
$869,900 Active

5037-39 W Diversey Avenue Overview

Time on Site:
115 days
Visits:
0

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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5037-39 W Diversey Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,500
  • Price/Sq.ft. $158

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 250
  • Existing Lease Type: Gross
  • Fuel Expense: 0
  • Gross Income: 111600
  • Gross Scheduled Income: 111600
  • Insurance Expense: 650
  • Net Operating Income: 0
  • Operating Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 1500

Building Information

  • Year Built: 1962

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Belmont Cragin
  • Township: Jefferson

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer

Tax Information

  • Tax Annual Amount: $16,000.00
  • Tax Year: 2023

General Information

  • Parcel Number: 13284010100000
  • Possible Use: Commercial,Conditional Use,Office,Multi-Family,Retail
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 5500

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Foundation Details: Block, Concrete Perimeter
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: 50 x 124
  • Lot Size Square Feet: 6250

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Rubber

General Information

  • Number Of Units Total: 5
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

5037-39 W Diversey Avenue Neighborhood

Community

60639 (Chicago) Demographics

35
Median Age
18,147
Population Density (per sq. mile)
20%
College Educated
$51,810
Estimated Median Income
12,979
Estimated Total Home Owners
12,828
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5037-39 W Diversey Avenue Monthly Cost

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5037-39 W Diversey Avenue Market Data

Based on the last 30 days in this zip code

$496,366
Average List Price
$256
Average Price per Square Foot
14
Properties Sold
54
Average Days on Market
36
Properties for Sale
Calculations provided by Reliance Network

5037-39 W Diversey Avenue History

Date Event Value Agent
6/7/2026Source: MRED Status Change
Active
6/2/2026Source: MRED Price Reduction
$869,900 -2.2%
6/2/2026Source: MRED Status Change
Price Change
4/26/2026Source: MRED Status Change
Active
4/21/2026Source: MRED Status Change
Re-activated
3/11/2026Source: MRED Status Change
Active
3/6/2026Source: MRED Added to Database
March 06, 2026