4,000 sq ft
Commercial: Mixed Use - MLS# 12585356
Tools & Resources:
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.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60639
- Year Built: 1962
- Sq.Ft.: 4,000 sq ft
- Stories: 2
- Units: 2 units
- Zoning: COMMR
- # Of Apts: 1
- # Of Stores: 1
- # Of Tenants: 2
- Approximate Age: Older
- Building Area Total: 4000
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air
- Directions: North or South on Cicero Ave to Diversey St. West on Diversey to PROPERTY!
- Electric: Circuit Breakers
- Electric Expense: 250
- Electric Expense Source: Owner Projection
- Fire Protection: Ansul System
- Foundation Details: Block, Concrete Perimeter
- Fuel Expense Source: Owner Projection
- Geographic Locale: Chicago North
- Gross Income: 80400
- Gross Rent Multiplier: 1
- Gross Scheduled Income: 80400
- Heat/Ventilation: Gas
- Information: 24-Hr Notice Required
- Insurance Expense: 650
- Insurance Expense Source: Owner Projection
- Known Encumbrances: None Known
- Location: Central Business District
- Lot Size Square Feet: 3125
- Main Type: Commercial Sale
- Original Rental Price: 1
- Outdoor Parking: 1-5 Spaces
- Ownership Type: Individual
- Rental Price: 1
- Roof: Rubber
- Roof Structure: Flat
- Tax Annual Amount: 8839
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
- Total Monthly Income: 6700
- Township: Jefferson
- Trash Expense Source: Actual
- Utilities: Electric to Site, Natural Gas Available, Sewer Connected
- Water Expense Source: Owner Projection
- Water Sewer Expense: 1500
©2026, Midwest Real Estate Data (MRED). All rights reserved.