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$1,450,000
15 Days On Site

5319 W Belmont Avenue
Chicago, IL 60641

For Sale|Business|Active
0
Beds
0
Total Baths
5,300
SqFt
$274
/SqFt
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Chicagoland Brokers Inc.
Call Now: 312-767-7744
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312-767-7744
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 and established business, including the underlying real estate. 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.

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Listing Snapshot
Price 
$1,450,000
Days On Site 
15 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,300 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
12566239
Status 
Active
Property Tax 
$17,962
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
a week agoStatus changed to Active
2 weeks agoListing first seen on site
General Features
Number Of Stories 
1
Property Sub Type 
Business
SqFt Total 
5300
Interior Features
Cooling 
Central Air
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Community Features
MLS Area 
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 2026-02-27 01:17 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: 2026-02-27 01:17 PM UTC
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Neighborhood & Commute
Source: Walkscore
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