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Price cut: $51,000
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Two to Four Units · Chicago, IL
$949,000$1,000,000
3 beds · 4 baths
7455 W Irving Park Road, Chicago, IL, 60634
A brick-and-mortar place to make your own — room to make it home.
Active

What’s special

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.
— the listing agent’s description

The home

3 beds
4 baths
Built in 1924
Lot 50' x 125'
Two to Four Units

What it’ll cost

$16,802 taxes / yr
No HOA
Listed $1,000,000
Now $949,000
23 days on dwello

Estimated monthly payment

$6,723/mo
Principal & interest$5,046
Property taxes$1,400
Homeowners insurance$277
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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23 days on dwello
Price history
Price reduced
May 6, 2026
↓ $51,000$949,000
Listed for sale
Apr 14, 2026
$1,000,000
Earlier records
Listed
Apr 14, 2026
$949,000
Listed
Apr 14, 2026
$949,000
Listed
Apr 14, 2026
$949,000
Listed
Apr 14, 2026
$949,000
Now $51,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$16,802/yr
Assessed value
2025
County assessor
$54,539~$545,390 mkt
2024
$54,539~$545,390 mkt
2023
$33,358~$333,580 mkt
2022
$33,358~$333,580 mkt
2021
$33,358~$333,580 mkt
2020
$28,788~$287,880 mkt
2019
$33,661~$336,610 mkt
2018
$33,661~$336,610 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

OtherCombinationPublic SewerYes
Neighborhood
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MLS listing dataMRED
Listed by Thoma Socrates Panos · Pearson Realty Group
Listing last updated May 6, 2026 · data refreshed from the MLS Jun 17, 2026, 6:16 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:16 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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