7455 W Irving Park Road,Chicago, IL 60634
Chicago, IL 60634
Description
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.
Details
| MLS # | 12711516 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 46 |
| Listing Provided By | Pearson Realty Group | Thoma Socrates Panos |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Zoning | COMMR |
Interior
| Rooms Total | 4 |
|---|---|
| Heating | Other |
Exterior
| Construction Materials | Combination |
|---|
Parking
| Parking Features | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 19723.78 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60634 |
| Area | CHI Dunning |
| Listing VS Median (in 60634) | |
Price: $949,000 low | high Med: $434,950 On site: 46 low | high Med: 41 | |
Market Activity 60634
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60634 |
| Area | CHI Dunning |
| Listing VS Median (in 60634) | |
Price: $949,000 low | high Med: $434,950 On site: 46 low | high Med: 41 | |
