For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Restaurant Venue with Licenses Title is generated by Realmo AI

    7455 W Irving Park Road, Chicago, IL 60634

    View on Map
    Claim this Listing
    For Sale
    $949,000

    MULTI_FAMILY - Chicago, IL

    Property size:
    4,055 SF
    Lot size:
    0.16 Acres
    Price / 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

    We can help!

    Listing Contact
    Thoma Socrates Panos

    Listing agent Thoma Socrates Panos License #475211627

    Listing office Pearson Realty Group 1000 N. MILWAUKEE AVE, Chicago, IL

    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    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

    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.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message