O'Neil Property Group

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$999,000
126 Days On Site

5319 W Belmont Avenue
Chicago, IL 60641

For Sale|Business|Active
0
Beds
0
Total Baths
5,300
SqFt
$188
/SqFt
1925
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Chicagoland Brokers Inc.
5319 W Belmont Avenue5319 W Belmont Avenue5319 W Belmont Avenue5319 W Belmont Avenue
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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.

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Listing Snapshot
PriceΒ 
$999,000
Days On SiteΒ 
126 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
5,300 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
1925
MLS NumberΒ 
12691669
StatusΒ 
Active
Property TaxΒ 
$17,962
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS
4 months agoStatus changed to Active
4 months agoListing first seen on site
General Features
Property Sub TypeΒ 
Business
SqFt TotalΒ 
5300
ZoningΒ 
COMMR
Interior Features
CoolingΒ 
Central Air
ElectricΒ 
Circuit Breakers
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Exterior Features
Construction DetailsΒ 
Brick
Community Features
MLS AreaΒ 
CHI - Belmont Cragin
Listing Courtesy of MRED as distributed by MLS Grid of Chicagoland Brokers Inc.



Based on information submitted to the MLS GRID as of 2026-11-03 06:39 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-03 06:39 PM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

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Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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