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33985792
33985793

5319 W Belmont Avenue, Chicago, IL 60641

Charles Rutenberg Realty of IL
Listed by Charles Rutenberg Realty of IL
$999,000
13 days on market
Updated 5 days ago

5319 W Belmont Avenue

Details
APN 13281040120000
Property Type Retail
Sub Type Restaurant, Storefront (+1)
NOI $132,730
Year Built 1925
Lot Size (SqFt) 6,250
Zoning COMMR

Retail

Marketing description

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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Charles Rutenberg Realty of IL
Listed by Charles Rutenberg Realty of IL

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$132,730.00
$11,060.83/mo

Valuation Metrics

0
DSCR
13.29%
Cap Rate
13.29%
ROI

Map

Zoning

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B3-1 CommercialRetail CommercialCommunity Shopping District
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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