BEDS3
BATHS4 full
MLS#12619297
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 299
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Crawl Space, Partial
Heating: Other
Lot Size: 50' x 125'
Taxes: $16,801
Year Built: 1924
Feature Descriptions
Exterior: Combination
Lot Dimensions: 50' x 125'
Parcel#: 12242020020000
Parking: Yes
Sewer: Public Sewer
Total Rooms: 4
Township: Jefferson
Water: Lake Michigan
Local Schools
School District: District 299
Listed By / Shown By
Listed By
Agency Name: Pearson Realty Group
Agency Phone: 773-325-2800
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 3,788.94 per month $2,112.06 Principal & Interest $1,400.08 Property Tax $276.79 Homeowner's InsuranceChange Payment Information
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7455 W Irving Park Road | MLS# 12619297
This multi-family property located at 7455 W Irving Park Road, Chicago, IL 60634 is currently listed for sale with an asking price of $949,000. W Irving Park Road is located within the District 299 school district. Search Chicago real estate on www.bhhscrosby.com today.