Turnkey Restaurant Venue with
7455 W Irving Park Road, Chicago, IL 60634
MULTI_FAMILY - Chicago, IL
Property size:
4,055 SFLot size:
0.16 AcresPrice / SF:
$234/SF- Added:
- Apr 14, 2026
- Days on Market:
- 30
- Last Refresh:
- May 13 at 10:06 pm
Property Features for 7455 W Irving Park Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- COMMR
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bathroom 3
- Parking
- 15
- Basement
- Partial, Crawl Space
- Standard status
- Active
- APN
- 12242020020000
- Size
- 4,055 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16802
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1924
- Building materials
- Combination
Listing agent Thoma Socrates Panos License #475211627 (773) 325-2800
Listing office Pearson Realty Group 1000 N. MILWAUKEE AVE, Chicago, IL (773) 325-2800
Listing date Apr 14, 2026
MLS# 12619297
Listing URL
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.
HighLights
- Rare opportunity: Fully renovated, turnkey PPA‑licensed venue with uncommitted VGT potential, including Real Estate, Business, and Assets.
- Diversify revenue with Public Place of Amusement (PPA), Liquor, and Food licenses, allowing for cover charges, ticketed events, and live music.
- VGT‑ready game room provides full leverage to negotiate terminal operator agreement and incentives.
- Gut‑rehabbed in late 2024: Features new dining & bar space (seats 95) and a brand‑new, fully equipped commercial kitchen.
- Includes a dedicated +15‑car parking lot and a 930 SF 3‑bedroom residential unit for additional income.
- Prime location on Irving Park Road near Harlem Avenue with high visibility (26,000+ VPD) in a densely populated area.
Overview
This is a rare turnkey opportunity for an operator or investor seeking a fully renovated venue with Public Place of Amusement (PPA) license and uncommitted Video Gaming Terminal (VGT) potential. The offering includes real estate, business, and assets. The 4,055 square-foot freestanding corner asset includes a 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 leverage to negotiate their own terminal operator agreement and signing incentives. The restaurant was fully gut-rehabbed in late 2024, offering a new dining and bar space that seats 95 and a brand-new fully equipped commercial kitchen featuring pizza ovens, extended range, stove, prep areas, and a walk-in cooler. The property functions as a clean, SBA-compliant operating shell primed for immediate occupancy. Situated on a 0.16-acre lot, the property features a 3,125 square-foot main level, a dedicated 15-car parking lot with ample street parking, and a 930 square-foot 3-bedroom residential unit for additional income. The site offers 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bije's Pizza
Restaurant
Pro Shop Pizza ...
Restaurant
Similar Places Nearby
- Ovy Signature Catering — 7035 W Addison St, Chicago, IL 60634
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.814359
- Latitude
- 41.952337
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Fully renovated restaurant with licenses and residential unit for sale.
Where is this restaurant located?
The property is located at 7455 W Irving Park Road Chicago, IL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Rare opportunity: Fully renovated, turnkey PPA‑licensed venue with uncommitted VGT potential, including Real Estate, Business, and Assets.; Diversify revenue with Public Place of Amusement (PPA), Liquor, and Food licenses, allowing for cover charges, ticketed events, and live music.; VGT‑ready game room provides full leverage to negotiate terminal operator agreement and incentives.
