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$518,000
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Property Description
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.
Full Property Details
Full Property Details for 5037 W Diversey Ave
General
- Sold For: $518,000
- Taxes: $8,839 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12585356
- Added to Site: 182 day(s) ago
Additional Information
- Security/Safety: Ansul System
Location
- Area: CHI - Belmont Cragin
- County: Cook
- Driving Directions: North or South on Cicero Ave to Diversey St. West on Diversey to PROPERTY!
- Location Details: Chicago North, Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Utilities
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Block, Concrete Perimeter
- Roof: Rubber
- Stories/Levels: 2
- Square Feet: 4,000
- # of Stores: 1
- Year Built: 1962
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 124
- Frontage: City Street
- Potential Use: Commercial, Conditional Use, Office, Multi-Family, Retail
- Zoning: COMMR
Financial Considerations
- Lease Price: $1
- Security Deposit: Ansul System
- Assessment Year: 1962
- Tax Amount: $8,839
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
Disclosures and Reports
- Property ID: 13284010100000
Listed by REMAX Legends
Sold by Smart Home Realty
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Schools
Schools serving 5037 W Diversey Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Schubert Elementary School 2727 North Long Avenue, Chicago, IL 60639 | PK-5 | 0.4 mi |
Northwest Middle School 5252 West Palmer Street, Chicago, IL 60639 | 6-8 | 0.8 mi |
Foreman High School 3235 North Leclaire Avenue, Chicago, IL 60641 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5037 W Diversey Ave
Date
Details
Price
Change
Source
8/31/2026
Sold
$518,000
-2.25%
MLS
3/06/2026
Listed
$529,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5037 W Diversey Avenue, Chicago, IL 60639 (MLS# 12585356) is a Commercial property that was sold at $518,000 on August 31, 2026. Want to learn more about 5037 W Diversey Avenue? Do you have questions about finding other Commercial real estate for sale in Belmont Cragin? You can browse all Belmont Cragin real estate or contact a Coldwell Banker agent to request more information.

