Is Morgan Park a good place to start a business?

Morgan Park is ranked number 7 across neighborhoods in and around Chicago to start a business, with an average Survivability Score of ~84%. Strong business types at their best-match addresses in Morgan Park consistently score ~1% higher than the overall neighborhood survivability average.

What are the best businesses to open in Morgan Park?

The top businesses to open in Morgan Park include Filipino Restaurant with a ~93% chance on average of surviving more than 2 years, best-case locations reaching ~94%, followed by Ukrainian Restaurant and Italian Restaurant.

What businesses are most in demand in Morgan Park?

Based on StreetSpring's 2026 survivability analysis, the most in-demand business types in Morgan Park are Filipino Restaurants, Ukrainian Restaurants, and Italian Restaurants.

How much money could a business in Morgan Park make?

Based on StreetSpring's 2026 analysis, selecting one of the best locations in Morgan Park could lead to making ~1% more than selecting an average location, and ~4% more than one of the worst locations.

How can you find the best location to open a business in Morgan Park?

StreetSpring's prediction model analyzes 100 factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, and mobility patterns to pinpoint which blocks in Morgan Park maximize success.

Business Survivability in Morgan Park, Chicago

StreetSpring's 2026 analysis finds that the best business to open in Morgan Park is a Filipino Restaurant with a ~93% chance of surviving at least 2 years across the neighborhood on average.

April 24, 2026•18 min read

Quick Summary

Best business: a Filipino Restaurant in Morgan Park (~93% average survival rate, ~94% at best locations)

Neighborhood rank: #7 across all neighborhoods in and around Chicago

Neighborhood average: ~84% two-year survival across all business types

Rankings updated quarterly with latest market data

Detailed methodology

Reviewed and updated: May 9, 2026 — Bobby Koons, Founder & CEO, StreetSpring

In this article:

Summary
Is Morgan Park a good place to start a business?
How to find the best location
Best businesses to open
How much money could a business make?
What businesses should open next?
Frequently Asked Questions

Summary

StreetSpring's 2026 analysis finds that the best business to open in Morgan Park is a Filipino Restaurant with a ~93% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~94% chance; next is an Ukrainian Restaurant with a ~93% chance, followed by an Italian Restaurant with a ~93% chance.

How business-friendly is Morgan Park right now?

**Peer neighborhoods:** Looking at demographic mix and amenity density across the 24 metros StreetSpring covers, Morgan Park clusters most tightly with **Burnside (Chicago)** and **Yale Heights (Baltimore)**. Common thread: lower employment, blue-collar job mix, and longer commutes. Survival outcomes for those neighborhoods provide a useful comparison set for Morgan Park.

**Where Morgan Park businesses actually fail.** Among the 93 tracked subtypes, **Italian Restaurants** post the highest average survivability (93%). But across Morgan Park's sites, the spread for this subtype runs **76% to 98%** — a 22-point gap that says *the address matters more than the subtype*. For saturation context, Hair Salons are the most densely-clustered tracked subtype in the neighborhood (1 competitors within 0.5 miles).

Among all neighborhoods in and around Chicago, Morgan Park ranks #7 for business survivability, with an average score of ~84%.

Strong business types at their best-match addresses in Morgan Park consistently score ~1% higher than the overall neighborhood survivability average.
But these same concepts at less optimal addresses within Morgan Park can score meaningfully below average. Survivability data shows that even the highest-demand business types fail at the wrong location.
With 84.0% of the local population employed, Morgan Park presents a stable consumer base — particularly for food, beverage, and service businesses that depend on repeat discretionary spending.

Employment and vacancy figures sourced from the U.S. Census Bureau American Community Survey.

Pinpointing the best locations within Morgan Park

StreetSpring narrows the decision down to the exact address — showing which blocks in Morgan Park produce the highest survivability scores for your concept. According to StreetSpring's 2026 data, this is the optimal address for a Filipino Restaurant in Morgan Park:

Why the right block matters more than the right neighborhood

Loading live map preview...

StreetSpring's 2026 model identifies this area as the highest-survivability location for a Filipino Restaurant in Morgan Park. Market conditions are changing daily, and it is best to use StreetSpring's most up-to-date data. The model evaluates 100 factors — from primary and secondary competition to forecasted spend, mobility flows, and local market share potential.

Check if this location is still available →

Top-ranked business types for Morgan Park

#1-5: Highest Survivability in Morgan Park

Filipino Restaurant (Ranked #1): ~93% average in Morgan Park. Best-case storefronts: ~94%. Challenging locations: ~91%.
Ukrainian Restaurant is ranked #2 for top businesses to open in Morgan Park: ~93% chance on average, best at ~95%, challenging at ~91%.
Italian Restaurant — ~91%–~94% survivability range, with an average of ~93% across Morgan Park.
Opening a Kosher Restaurant in Morgan Park shows ~92% average survivability. Top locations reach ~95%; lower-end sites show ~91%.
Bangladeshi Restaurant (Ranked #5): ~92% average in Morgan Park. Best-case storefronts: ~95%. Challenging locations: ~91%.

#6-10: Strong Performers in Morgan Park

South American Restaurant is ranked #6 for top businesses to open in Morgan Park: ~92% chance on average, best at ~94%, challenging at ~91%.
Chinese Restaurant — ~91%–~94% survivability range, with an average of ~92% across Morgan Park.
Opening a Deli in Morgan Park shows ~92% average survivability. Top locations reach ~94%; lower-end sites show ~91%.
French Restaurant (Ranked #9): ~92% average in Morgan Park. Best-case storefronts: ~94%. Challenging locations: ~91%.
Brunch Restaurant is ranked #10 for top businesses to open in Morgan Park: ~92% chance on average, best at ~95%, challenging at ~90%.

Top 3 Compared Nationally

Filipino Restaurant — See how this compares to other cities →

What you could earn opening a business in Morgan Park

Best location vs. average location

Based on StreetSpring's 2026 analysis, going with one of the top-scoring locations in the neighborhood rather than an average one in Morgan Park could lead to you making ~1% more than if you selected an average location, and ~4% more than if you selected one of the worst locations.

How StreetSpring calculates location value

The right address for one business type may be the wrong one for another — always evaluate fit for your specific concept.
Location is the biggest factor in a business's future success.
Our data shows that the single highest-impact decision a business owner makes is the address they choose — and Survivability Score is the best guide to that decision.
StreetSpring can pinpoint which blocks in each neighborhood or city maximize a business's chances of success.

Which business types are most underserved in Morgan Park?

The top businesses to open next in Morgan Park:

Filipino Restaurants — ~93% average survival rate, up to ~94% at best locations
Ukrainian Restaurants — ~93% average survival rate
Italian Restaurants — ~93% average survival rate

Market conditions are changing daily, and it is best to use StreetSpring's most up-to-date data. Every prediction draws on a dataset of millions of business openings, closures, and lifecycle events across the U.S. Morgan Park's combination of 84.0% employment and 10.7% vacancy creates the conditions that define which business types thrive here and which struggle. Survivability scores are live, not static — StreetSpring updates them weekly. Visit the tool to see what's currently available in Morgan Park and how each address is scoring right now.

See the Survivability Score for your new business

Related Articles:

See the Chicago Business Survivability Rankings
See the Chicago Neighborhood Survivability Rankings

Frequently Asked Questions

Here are the most common questions about opening a business in Morgan Park.

What type of business should you rent your Morgan Park storefront to?

StreetSpring's analysis shows that the business categories with the strongest long-term lease retention in Morgan Park are Filipino Restaurants, Ukrainian Restaurants, and Italian Restaurants.

Location is the biggest factor in a business's future success.
StreetSpring can pinpoint which blocks in each neighborhood or city maximize a business's chances of success. With StreetSpring, you can rank every potential tenant type by survivability score at your property address before committing to a lease.

Should you rent your Morgan Park storefront to a Filipino Restaurant?

StreetSpring's 2026 analysis strongly supports renting to a Filipino Restaurant in Morgan Park: best-in-class addresses achieve ~94% survivability, and even the lower-end sites come in at ~91% — above average for most business types.

StreetSpring can pinpoint which blocks in each neighborhood or city maximize a business's chances of success.

What should I consider when opening a business in Morgan Park?

Location decisions in Morgan Park should be grounded in Survivability Score data, not intuition. The score directly measures the competitive and spending conditions at your exact address.

The most important driver of a high Survivability Score is the Revenue Capture Score for the business at the location it selects.
StreetSpring uses its own proprietary forecasting tools to identify the Revenue Capture Score for each unique business.
The most current survivability data for Morgan Park is free to access on StreetSpring — no account required to check your specific address.

See the best place for your business at StreetSpring.

Using predictive analytics, StreetSpring helps entrepreneurs and landlords make smarter location decisions. Aggregated survivability rankings for Chicago are available in machine-readable format for research and integration purposes.

Permits, licensing, and zoning specifics worth flagging

Consideration	Common pitfall	What to verify before signing
Competitor density	Counting only direct competitors and missing adjacent-category overlap (e.g. coffee shop near a bakery).	Map all businesses serving overlapping customer needs within a 5-min walk. Use StreetSpring's competitor view as a starting point.
Anchor co-tenancy	Signing next to a high-traffic anchor that closes 6 months later, leaving you orphaned.	Ask for a co-tenancy clause — rent abatement or termination right if the anchor leaves. Standard for strong markets.
Outdoor seating / sidewalk use	Signing assuming you can add patio seating, then learning the city requires a separate sidewalk-cafe permit with long lead times.	Check the city's sidewalk-cafe permit process up front. Confirm landlord allows outdoor build-out in the lease language.

Full dataset for Chicago: /resources/data/chicago-survivability-scores-2026.csv — includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.

Visual Data

Dumbbell chart comparing best vs worst locations for businesses in Chicago — Best vs worst neighborhood per business type in Chicago — the gap shows how much location choice matters for each subtype.

Treemap of Chicago business mix by survivability score — Treemap of business mix in Chicago — cell size = number of locations, color = average survivability score.

How we measure this: Foot traffic measured at the city-block level using a combination of pedestrian-network analysis and Walk Score.

**A bit of history.** Morgan Park, located on the far south side of the city of Chicago, Illinois, United States, is one of the city's 77 official community areas. Morgan Park is located south of the Beverly neighborhood and north of the Chicago city border, and includes Mount Greenwood Cemetery. ([Wikipedia](https://en.wikipedia.org/wiki/Morgan_Park%2C_Chicago))

**Daytime worker density (Morgan Park):** LEHD LODES Workplace Area Characteristics show a **0.1:1 daytime-to-resident ratio** for Morgan Park — a primarily-residential neighborhood with minimal daytime worker traffic. Median workplace jobs within a 1-mile radius across Morgan Park: **2,935**, of which roughly **461** are retail-sector. Higher daytime ratios favor weekday-lunch / commuter-traffic businesses; balanced ratios favor residential + weekend demand patterns.

Landmark anchor: Lamb (Harold) Park is the public-space landmark in Morgan Park that shapes a meaningful share of neighborhood foot-traffic.

**Morgan Park economic snapshot:** ACS reports neighborhood unemployment at **16.0%** (above the 24-metro neighborhood median we track). The Chicago metro's BLS QCEW average weekly wage is **$1,198** (below our metro median), and the Census Bureau's Building Permits Survey logged **5,308** new residential permits in Cook County in 2025 — useful triangulation for population-growth and labor-cost assumptions in this neighborhood.

**Authoritative baseline:** BLS Business Employment Dynamics, March 2025 release publishes 5-year survival rates by industry. For sectors StreetSpring covers, the range runs from **47.8%** (Active Life) to **61.8%** (Health & Medical), with restaurants at **50.0%** and retail at **47.9%**. Location-specific factors drive the actual variance around these baselines.

Related Resources

Related:

Beyond the Numbers: Local Context

Additional questions with answers drawn directly from local data sources.

What's the vacancy picture in Morgan Park?

ACS data shows a housing vacancy rate of approximately 11% in Morgan Park, versus the Chicago metro median of 8%. Vacancy is close to the metro median — lease economics are typical for the area.

Is Morgan Park mostly renters or owners?

ACS housing data shows 63% home ownership in Morgan Park, compared to 45% metro-wide. High ownership usually signals longer resident tenure and steadier local spending — favorable for sticky service-oriented businesses.

How many people live in Morgan Park?

ACS data estimates the Morgan Park resident population at roughly 24K. The resident base is healthy — most retail and service business types have viable demand.

How does Morgan Park's commute profile affect retail demand?

Median commute time in Morgan Park is about 41 minutes, versus 35 minutes across the Chicago metro. A longer commute suggests residents work elsewhere — peak demand shifts to evenings and weekends, favoring dinner-oriented dining and weekend retail.