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About This Home

This 0-bedroom, 0-bathroom commercial at 7455 W Irving Park Road in Chicago, IL is listed for $949,000. Built in 1924, on a 0.14 acres lot.

Agent 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.

Key Features

  • Built in 1924
  • 0.14 acre lot
  • 2 stories

Property Details

2 stories
1924

Amenities

A/C

Monthly Cost Estimate

$5,075/mo

20% down · 6.5% · 30 years

Principal$686
Interest$4,112
Insurance$277

Estimates only. Actual payments may vary.

Location

7455 W Irving Park Road

Chicago, IL 60634

Property Details

Cooling

Central AirExhaust Fan (Cooling)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 7455 W Irving Park Road is listed at $949,000. The estimated monthly payment is $4,112 based on 20% down at 6.5% interest.

Key features include: Built in 1924, 0.14 acre lot, 2 stories.

This property is listed by Thoma Socrates Panos and can be reached at (773) 325-2800 or thoma@pearsonrealtygroup.com.

TP

Thoma Socrates Panos

Agent at Pearson Realty Group

(773) 325-2800

Listed by Pearson Realty Group

MLS# 12619190· Source: listhub· Updated 48 days ago

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7455 W Irving Park Road, Chicago, IL 60634

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