


5319 W Belmont AvenueChicago, IL 60641
Commercial · 5,300 Sq. ft.5319 W Belmont Avenue Overview
- Time on Site:
- 21 hours
- Visits:
- 0
This premium investment opportunity presents a turnkey banquet hall or restaurant. Spanning 5,300 square feet, the property has undergone an extensive renovation down to the studs to offer a refined, modern aesthetic throughout. The building infrastructure is entirely updated with all-new HVAC units, a brand-new flat roof, and upgraded electrical and plumbing systems. Designed for maximum versatility, the space is a staple for private parties and community events alike. Guests will appreciate the contemporary styling, five flat-screen televisions, and elegantly designed facilities, including a dedicated employee bathroom, a four-stall women's restroom, and a two-stall men's restroom with all-new fixtures. While the venue is currently a sought-after destination for weekend rentals, significant upside potential exists to maximize profit. A new owner could expand operations by booking weekday events or utilizing the high-capacity commercial kitchen as a restaurant or ghost kitchen during non-event hours. The kitchen is fully prepared for high-volume operations, featuring a walk-in cooler, walk-in freezer, commercial stove, grill, deep fryer, and exhaust fan. Additional assets include a heating table, dishwasher, and a complete inventory of china, tableware, and server ware. The venue is move-in ready with 25 tables and approximately 130 chairs. Conveniently located, the property offers five private parking spaces at the rear with an abundance of public parking directly in front. With ongoing bookings already on the calendar, this is an exceptional chance to acquire a fully modernized facility designed for immediate and scalable success.
5319 W Belmont Avenue Facts & Features
- Type Commercial
- Sq. ft. 5,300
- Price/Sq.ft. $188
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Gross Scheduled Income: 168000
- Net Operating Income: 132730
- Operating Expense: 17962
Building Information
- Year Built: 1925
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Belmont Cragin
Tax Information
- Tax Annual Amount: $17,962.00
- Tax Year: 2023
General Information
- Parcel Number: 13281040120000
- Property Sub Type: Restaurant
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 5300
General Information
- Cooling: Central Air
- Electric: Circuit Breakers
- Leasable Area: 0
- Stories: 1
Unit Information
- Unit SqFt.: 5000
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 51x132
- Lot Size Square Feet: 6250
Building Exterior/Construction
- Construction Materials: Brick
5319 W Belmont Avenue Neighborhood
Community
60641 (Chicago) Demographics
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.5319 W Belmont Avenue Monthly Cost
5319 W Belmont Avenue Market Data
Based on the last 30 days in this zip code
5319 W Belmont Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: MRED | June 29, 2026 |




























