5319 Belmont Avenue — Chicago, IL 60641
Active
▼ $150,000
Chicago, IL 60641

5319 Belmont Avenue

$1,300,000
0 beds · 0 baths
$150,000 below original 77 days on market $17,962/yr taxes
01About this home

This premium investment opportunity presents a turnkey banquet hall/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. The intelligent layout can be divided to accommodate two separate parties simultaneously, with both the front and rear sections of the venue featuring their own private wet bars. 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.

02Inside the home
03By the numbers
$1,300,000
List price
Square feet
Bedrooms
Bathrooms
Year built
Lot size
Garage spaces
$17,962
Annual taxes
Bus / Bus w/Real Est
Style
77
Days on market
04Features
Cooling
Central Air
05Neighborhood
  • Taco Bell 200 ft
  • Popeyes 350 ft
  • Taco Burrito King 650 ft
  • Central Gyros 0.3 mi
  • El Capitan Snacks and Cafe 0.3 mi
  • La Authentica De Guerrero 0.3 mi
  • Carniceria Jimenez 200 ft
  • Cermak Fresh Market 0.3 mi
  • Tony's Fresh Market 0.4 mi
  • Clark's Pump-N-Shop 0.5 mi
  • Shell 0.5 mi
  • Supermarket Martins 0.5 mi
  • Chopin Park 0.4 mi
  • Park No. 552 0.5 mi
  • Cragin Park 0.7 mi
  • Lucy Parsons Park 0.8 mi
  • Blackhawk Park 1.1 mi
  • Six Corner's Parklet 1.1 mi
  • Tutti Frutti Coffee Shop 300 ft
  • Mather’s More Than a Cafe 0.3 mi
  • Dunkin' 0.4 mi
  • Dunkin' 0.6 mi
  • Señor Pan Café 0.6 mi
  • Starbucks 0.9 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

May 4, 2026
Listed for sale
Chicagoland Brokers Inc. · 7 days on market
$1,100,000
Apr 28, 2026
Listed for sale
Chicagoland Brokers Inc.
$1,100,000
Mar 12, 2026
Price reducedThis listing
Chicagoland Brokers Inc.
$1,300,000
−$150,000
Feb 11, 2026
Listed for saleThis listing
Chicagoland Brokers Inc.
$1,450,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

Real answers about this home — pricing, schools, what to ask, anything.

08See it for yourself

Stand in the kitchen.
See the light at 4pm.

Photos can only do so much. Pick a time — we'll meet you at the door.

Connect with Ewelina, Anna, or Nadeem — real people on our team, no call centers.
09Similar homes
Listed by Chicagoland Brokers Inc. · Jessica Mueller · 847-345-3350
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12566239
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