7455 W Irving Park Road, Chicago, IL 60634
Local realty services provided by:ERA Partners
7455 W Irving Park Road,Chicago, IL 60634
$949,000
- 3 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: thoma socrates panos
Office: pearson realty group
MLS#:12711516
Source:MLSNI
Price summary
- Price:$949,000
About this home
NEW PRICE. Rare turnkey opportunity for an operator or investor seeking a fully renovated, PPA-licensed venue with uncommitted VGT potential in a prime Chicago corridor - includes Real Estate, Business, and Assets. Unlike standard restaurant offerings, this 4,055 SF freestanding corner asset includes a rare Public Place of Amusement (PPA), Liquor, and Food license, enabling the owner to collect cover charges or donations for ticketed events, raffles, live music, comedy, and more - creating multiple high-margin revenue streams beyond traditional food and beverage. The VGT-ready game room is currently uncommitted to any gaming operator, giving a new owner full leverage to negotiate their own terminal operator agreement and signing incentives. The restaurant was fully gut-rehabbed in late 2024, offering a new dining & bar space that seats 95 and a brand-new fully equipped commercial kitchen featuring pizza ovens, extended range, stove, prep areas, a walk-in cooler, and much more. The property functions as a clean, SBA-compliant operating shell primed for immediate occupancy - a true plug-and-play asset priced to bypass construction and permitting delays, minimize capital requirements, and facilitate a seamless acquisition of all existing licenses and FF&E. Situated on a 0.16-acre lot, the property features a 3,125 SF main level, a dedicated +15-car parking lot with ample street parking, and a 930 SF 3-bedroom residential unit for additional income. The site offers prime frontage on Irving Park Road near Harlem Avenue and the Harlem-Irving Plaza (HIP), capturing high visibility from over 26,000 vehicles per day (VPD) within a densely populated residential corridor. Contact Listing Agent for showings and details....
Contact an agent
Home facts
- Year built:1924
- Listing ID #:12711516
- Updated:September 17, 2026 at 11:28 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:4
- Full bathrooms:1
- Half bathrooms:3
- Rooms Total:4
- Basement Description:Partial
Structure and exterior
- Year built:1924
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$949,000
- Tax amount:$19,724 (2024)
Parking
- Total parking spaces:15
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