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About This Home
This 3-bedroom, 4-bathroom residential multi family at 7455 W Irving Park Road in Chicago, IL is listed for $949,000. Built in 1924, on a N/A lot.
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
- 15 parking spaces
Property Details
Monthly Cost Estimate
$5,075/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7455 W Irving Park Road
Chicago, IL 60634
Property Details
Construction
Questions & Answers
This 3-bedroom, 4-bathroom residential multi family 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, 15 parking spaces.
This property is listed by Thoma Socrates Panos and can be reached at (773) 325-2800 or thoma@pearsonrealtygroup.com.








