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7455 W Irving Park Road

Chicago, IL 60634
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Bed 3

Bed

Bath 4

Bath

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 202 4, 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $949,000

AD Id : 77058661

MLS Id : MRD12619297

Beds : 3

Year Built : 1924

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 3

    Bathroom Information

    Total Baths: 4

    Room Information

    Rooms Total: 4
  • Flooring Information

    Construction Materials: Combination
  • Heating & Cooling

    Heating: Other WaterSource: Lake Michigan

  • Building Information

    Year Built: 1924

  • Lot Information

    Lot Dimensions: 50' x 125' Lot Size: Oversized Chicago Lot

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$1000000

  • Tax Information

    Annual Tax: $16801.61 Tax Year: 2024 Parcel Number: 12242020020000

  • Parking Information

    Total Parking: 15 Yes Is Parking Included in Price: Yes

  • Utility Information

    Sewer: Public Sewer Water Source: Lake Michigan
  • Location Information

    City: Chicago Direction: W on Irving Park Rd from Harlem Ave. Property is 0.2 miles ahead on the left (SW corner of Irving Park & 75th/Oketo).
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ByOwner last updated this listing 06/22/2026 @ 18:20

MLS: MRED #12619297 LISTED BY: Thoma Socrates Panos, Pearson Realty Group 773-325-2800 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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