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
Property Details
Price:
$889,900
MLS #:
MRD12582578
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chibelmontcragin
Listed Date:
Mar 6, 2026
Total Sq Ft:
5,500
Year Built:
1962
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Roof
Rubber
Stories
2
Financial
Tax Year
2023
Taxes
$16,000
Map
Community
- Address5037-39 W Diversey Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60639
Market Summary
Current real estate data for Commercial in Chicago as of May 15, 2026
897
Commercial Listed
190
Avg DOM
$1,025,112
Avg List Price
Property Summary
- 5037-39 W Diversey Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60639. It is listed for $889,900
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Copyright 2026. All rights reserved.
5037-39 W Diversey Avenue
Chicago, IL


