7455 W Irving Park RD, Chicago, IL 60634
7455 W Irving Park RD, Chicago, IL 60634
7455 W Irving Park RD, Chicago, IL 60634
7455 W Irving Park RD, Chicago, IL 60634
7455 W Irving Park RD, Chicago, IL 60634
7455 W Irving Park RD, Chicago, IL 60634
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Mark Rantis

Mark Rantis

+1(847) 606-5272
$ 949,000
Est. payment | /mo

3 Beds

4 Baths

Save
$ 949,000
Est. payment | /mo
Save

3 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12619297

Bedrooms 3

Year Built 1924

Annual Tax Amount $16,801

Tax Year 2024

Lot Dimensions 50' x 125'

Property Sub-Type Two to Four Units

Property 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

State IL

County Cook

Area Chi - Dunning

Zoning COMMR

Rooms

Basement Crawl Space, Partial

Interior

Heating Other

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Combination, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Combination

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Thoma Socrates Panos of  Pearson Realty Group 
Mark Rantis

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(847) 606-5272

mark@therantisgroup.com

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7455 W Irving Park RD