# 7455 W Irving Park Road, Chicago, IL 60634 > **TL;DR:** commercial, $949,000, built 1924. > A/C. Est. $5,076/mo. Listed 203 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $949,000 | | Year Built | 1924 | | Lot Size | 6,251 sqft (0.14 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 203 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,799 | | Estimated Insurance | $277 | | **Total** | **$5,076** | ## Key Amenities - A/C ## Property Highlights - Built in 1924 - 0.14 acre lot - 2 stories ## Description ### 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. ## Location - **Address:** 7455 W Irving Park Road, Chicago, IL 60634 - **County:** Cook ## Listing Agent - **Name:** Thoma Socrates Panos - **Brokerage:** Pearson Group LLC - **Broker Phone:** (773) 325-2800 ## Photos ![7455 W Irving Park Road - Photo 1](http://lh.rdcpix.com/49e4ffbdee28a6df2745f20149fe83e1l-f3202743774r.jpg) --- **MLS#:** 12619190 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/7455-w-irving-park-road-chicago-il-60634-f8d5ab3bfe464973a1aed0beb6af7d5e) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/7455-w-irving-park-road-chicago-il-60634-f8d5ab3bfe464973a1aed0beb6af7d5e#listing", "url": "https://www.propertysimple.ai/listing/7455-w-irving-park-road-chicago-il-60634-f8d5ab3bfe464973a1aed0beb6af7d5e", "name": "7455 W Irving Park Road, 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. 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