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5319 Belmont Avenue

Chicago, IL 60641
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$1,100,000
0beds
0baths
sqft
Anything from "is it priced right?" to "what's the catch?"

About this home

This premium investment opportunity presents a turnkey banquet hall, 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.
MLS Description — as provided by the listing brokerage.

The facts

Property typeBusiness Opportunity
Lot dimensions51x132
AreaCHI - Belmont Cragin
Annual tax$17,962
First listedApr 28, 2026
Parcel #13281040120000
CountyCook
MLS #MRD12632431
Days on market1
Photos40

Features

Cooling
Central Air

Mentioned in description

dwello's AI pulled these details from the agent's listing description. Each is a direct quote — verify anything critical with the agent.

  • ✨ Updated Kitchen “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.”
  • ✨ Recent Roof/HVAC/Windows “The building infrastructure is entirely updated with all-new HVAC units, a brand-new flat roof, and upgraded electrical and plumbing systems.”
Listed by
Chicagoland Brokers Inc.
Jessica Mueller · 847-345-3350

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/28/2026, 10:48:03 PM. All data should be independently verified.

$1,100,000
0 bd · 0 ba
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