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$429,900
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Property Description
This building includes a large main-level commercial space adaptable for a wide variety of businesses or investment opportunities. The second floor features two (2X) fully rented 2-bedroom, 1-bath apartment units, providing steady rental income. Residents also enjoy access to a rear rooftop deck, along with parking for two vehicles on the rear parking pad. 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 5039 W Diversey Ave
General
- Price: $429,900
- Taxes: $7,194 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12585377
- Updated: 3/12/2026
- Added to Site: 9 day(s) ago
Additional Information
- Security/Safety: Ansul System
Location
- Area: CHI - Belmont Cragin
- County: Cook
- Township: Jefferson
- 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: 3,500
- # of Stores: 2
- Year Built: 1962
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
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
- Insurance Fee: $650
- Security Deposit: Ansul System
- Assessment Year: 1962
- Tax Amount: $7,194
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
- Pays Electric: 250
Disclosures and Reports
- Property ID: 13284010090000
Listed by REMAX Legends
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Schools
Schools serving 5039 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 | 0.7 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 5039 W Diversey Ave
Date
Details
Price
Change
Source
3/06/2026
Listed
$429,900
86.91%
MLS
11/17/2020
Sold
$230,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5039 W Diversey Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,009
3%
$19,003
—
2022
$3,909
2%
$19,003
—
2021
$3,821
-44%
$19,003
-38%
2020
$6,811
-5%
$30,572
-14%
2019
$7,142
2%
$35,549
—
2018
$7,022
-2%
$35,549
7%
2017
$7,168
7%
$33,297
—
2016
$6,669
9%
$33,297
—
2015
$6,102
-14%
$33,297
-13%
2014
$7,120
2%
$38,375
—
2013
$6,979
1%
$38,375
—
2012
$6,886
—
$38,375
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5039 W Diversey Ave
5039 W Diversey Avenue, Chicago, IL 60639 (MLS# 12585377) is a Commercial property. 5039 W Diversey Avenue is currently listed for $429,900 and was received on March 06, 2026. Want to learn more about 5039 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.

