What is the best neighborhood in Chicago to open a Tapas Restaurant?

Based on StreetSpring's 2026 analysis, the best neighborhood in Chicago to open a Tapas Restaurant is Palmer Square, ranked #1 at 84.0% at a good address and 82.7% at a typical address. 33 of the 99 ranked neighborhoods are at or above 70% at a typical address.

What is the average survivability for Tapas Restaurant across Chicago's ranked neighborhoods?

Across the 99 ranked neighborhoods in Chicago, the average projected chance that a Tapas Restaurant lasts two or more years is 64.9% at a typical address. Palmer Square, ranked #1, is at 82.7% at a typical address.

What are the worst neighborhoods for Tapas Restaurant in Chicago?

The most challenging neighborhoods in Chicago for Tapas Restaurant include Marynook (ranked last, at 53.4% at a good address and 51.3% at a typical address), West Woodlawn, and Scottsdale. A low-ranking neighborhood can still contain high-potential storefronts: the address matters most.

How accurate are StreetSpring's Tapas Restaurant survivability predictions?

StreetSpring publishes its accuracy on the methodology page, stated with its base rate: how often the model tells an open business from a closed one on cities held out of training, its precision on risk flags, and its discrimination. Each score draws on 100+ factors and is reported as the projected chance of lasting two or more years, never as a guarantee. StreetSpring analyzes your specific address against comparable businesses to forecast success.

Survivability Rankings for Tapas Restaurant in Chicago

Q: Where in Chicago would a Tapas Restaurant make the most money?

It depends on the exact address. The Revenue Capture Score is the most important factor in choosing a location: StreetSpring's proprietary estimate of the revenue a business can capture at a specific address. Check it in the live tool for each Chicago address you are weighing.

Q: Can a Tapas Restaurant succeed in lower-ranked neighborhoods in Chicago?

Yes, neighborhood rankings are averages that mask significant block-by-block variation. Even in neighborhoods ranked outside the top 10, individual storefronts with strong foot traffic, low direct competition, and favorable lease terms can outperform the area average. StreetSpring refreshes survivability data continuously: check the tool for the most current score at any address.

StreetSpring's 2026 ranking of Chicago neighborhoods to open a Tapas Restaurant, at a good address, from Palmer Square (84.0% survival) to Marynook.

April 24, 2026•13 min read

By Robert Koons | Last reviewed: October 2026 | Methodology

Quick Summary

Survivability Score: the projected chance a business type lasts two or more years at a specific address

#1 Neighborhood: Palmer Square: 84.0% at a good address, 82.7% at a typical address for Tapas Restaurant

Neighborhoods at or above 70% at a typical address: 33 of 99 ranked

Average across the 99 ranked neighborhoods (typical address): 64.9% for Tapas Restaurants

Most challenging area: Marynook: 53.4% at a good address, 51.3% at a typical address

Revenue Capture Score: the most important factor in choosing a location, StreetSpring's proprietary estimate of the revenue a business can capture at a specific address

Data freshness: 2026 data · Full methodology →

Summary
10 Best Neighborhoods
Where Would a Tapas Restaurant Make the Most Money?
What Should I Consider?
Where Should I Start?
FAQ: Best Neighborhoods
FAQ: Can a Tapas Restaurant Succeed in Lower-Ranked Areas?
FAQ: How Often Are Rankings Updated?
FAQ: Is a Tapas Restaurant a Good Tenant?
Landlord Survivability Data
Best Neighborhoods for Any Business

Summary

StreetSpring's 2026 analysis shows the best neighborhood in and around Chicago to open a Tapas Restaurant is Palmer Square, with a projected chance of lasting two or more years of 84.0% at a good address and 82.7% at a typical address. Its highest scored address is at 84.0% and its lowest at 76.8%. The last-ranked neighborhood is Marynook, at 53.4% at a good address and 51.3% at a typical address. StreetSpring's Survivability Scores are updated regularly, so the most accurate prediction for your exact storefront is always available in the live tool.

What Are the 10 Best Neighborhoods in and Around Chicago to Open a Tapas Restaurant?

Palmer Square ranks #1 of the 99 ranked neighborhoods in and around Chicago for Tapas Restaurant survivability, with a projected chance of lasting two or more years of 84.0% at a good address as of 2026. The top 10 neighborhoods are:

Rank	Neighborhood	Metro	At a good address	Average (typical address)	Best Locations	Challenging Locations
1	Palmer Square	Chicago	84.0%	82.7%	84.0%	76.8%
2	Logan Square	Chicago	83.6%	79.4%	84.0%	59.7%
3	Boulevard District	Chicago	83.6%	78.1%	84.0%	62.0%
4	Sheffield Neighbors	Chicago	83.1%	80.7%	83.6%	71.8%
5	Avondale	Chicago	83.1%	77.4%	83.6%	55.2%
6	Belmont Gardens	Chicago	83.1%	77.4%	83.6%	66.0%
7	West Town	Chicago	83.1%	76.3%	83.6%	54.3%
8	Lake View East	Chicago	83.1%	74.0%	84.0%	52.0%
9	University Village/Little Italy	Chicago	83.1%	72.8%	83.6%	52.0%
10	Hermosa	Chicago	83.1%	72.6%	83.6%	49.4%

These averages are directional, not definitive; the best decision comes from analyzing your specific storefront. The live platform incorporates the most recent competitor, housing vacancy, and spending data for your exact address.

The ranking runs on the good-address figure (the 90th percentile of the scored addresses in each neighborhood). Average is the typical address; Best and Challenging Locations are the highest and lowest scored address in the neighborhood. Every figure is the projected chance of lasting two or more years, as printed in the linked file. See our full methodology →

Try StreetSpring to see if this location is still the best and see if there are locations to rent in this area right now.

Where in or Around Chicago Would a Tapas Restaurant Make the Most Money?

Where a Tapas Restaurant would make the most money in or around Chicago comes down to the exact address. The Revenue Capture Score is the most important factor in choosing a location: StreetSpring's proprietary estimate of the revenue a business can capture at a specific address.

Palmer Square is ranked #1 for Tapas Restaurant survivability, at 84.0% at a good address and 82.7% at a typical address; Marynook is ranked last of the 99, at 53.4% at a good address and 51.3% at a typical address. Revenue at a specific storefront is what the Revenue Capture Score estimates, so check it for each address you are weighing.

Your choice of location is one of the few business decisions you can test against data before you commit. Opening a Tapas Restaurant in Chicago requires careful location choice. Across the 99 ranked neighborhoods, the average projected chance that a new Tapas Restaurant lasts two or more years is 64.9% at a typical address. Two businesses on the same block can have very different survivability scores depending on their category.

What Should I Consider When Opening a Tapas Restaurant in or Around Chicago?

When selecting a location for a Tapas Restaurant in or around Chicago, it is crucial to select a location with a very high Survivability Score. StreetSpring's proprietary Revenue Capture Score, the revenue a business can capture at a specific address, is the factor that matters most when choosing where to open. StreetSpring computes this by projecting the business's market share, which is based on the quality and quantity of primary, secondary, and tertiary competitors. Our analysis covers businesses in 24 major U.S. metros. Neighborhoods with a mix of similar businesses frequently outperform isolated locations. These forecasts are generated using StreetSpring's unique analytical framework. StreetSpring scores 500+ business types: 153 base business types, most of them at 5 price points, which is 569 type-and-price combinations you can choose in the tool.

This can be summarized as:

Revenue Capture Score = Projected Market Share × Forecasted Spend on Specific Business

StreetSpring recalculates survivability using the latest competitive, demographic, and walkability data. However, market conditions change daily, and it's best to use StreetSpring's live data to check the Survivability Score for a specific address.

Where in or Around Chicago Should I Start a Tapas Restaurant?

The neighborhoods with the highest survivability for this business type are Palmer Square, Logan Square, and Boulevard District, while the most challenging neighborhoods would be Marynook, West Woodlawn, and Scottsdale. StreetSpring's Survivability Scores are updated regularly, so the most accurate prediction for your exact storefront is always available in the live tool. Our live tool reflects the latest competitive landscape: these static rankings may already be slightly out of date.

Related Articles:

Business Survivability Rankings: Chicago
Neighborhood Survivability Rankings: Chicago
National City Survivability: Tapas Restaurant
National Neighborhood Survivability: Tapas Restaurant

What Are the Best Neighborhoods in Chicago to Open a Tapas Restaurant?

Based on StreetSpring's 2026 analysis, the top neighborhood for a Tapas Restaurant in Chicago is Palmer Square, at 84.0% at a good address and 82.7% at a typical address, followed by Logan Square and Boulevard District. 33 of the 99 ranked neighborhoods are at or above 70% at a typical address.

StreetSpring's Survivability Scores are updated regularly, so the most accurate prediction for your exact storefront is always available in the live tool.

Can a Tapas Restaurant Succeed in Lower-Ranked Neighborhoods in Chicago?

Yes, neighborhood averages mask significant block-by-block variation. Even in neighborhoods ranked outside the top 10, individual storefronts with strong foot traffic, low direct competition, and favorable lease terms can outperform the area average. These rankings are based on the latest available data; check StreetSpring for real-time updates. Always check your specific address in StreetSpring's live platform for the most accurate prediction.

How Often Are Tapas Restaurant Rankings in Chicago Updated?

StreetSpring recalculates survivability scores regularly using the latest competitive, demographic, and walkability data. Rankings are updated quarterly; the live tool always reflects the most current predictions for any address in Chicago.

Is a Tapas Restaurant a Good Tenant for Chicago Landlords?

In Palmer Square, the projected chance that a new Tapas Restaurant lasts two or more years is 82.7% at a typical address and 84.0% at a good address, depending on the exact storefront. Check the current Survivability Score for any address instantly.

Landlord Survivability Data for Tapas Restaurant in Chicago

Reducing vacancy starts with choosing tenants whose business type matches the neighborhood's strengths. For Tapas Restaurant tenants, Palmer Square is ranked first (82.7% at a typical address). Logan Square and Boulevard District follow at 79.4% at a typical address and 78.1% at a typical address respectively. Get a live Survivability Score for your specific storefront in the live tool.

StreetSpring provides address-specific survivability predictions for 500+ business types.

What Are the Best Neighborhoods in or Around Chicago for My Business Overall?

You can see the best neighborhoods in or around Chicago to open any type of business in our article Neighborhood Survivability Rankings: Chicago.

Business Survivability Rankings: Chicago: See how Tapas Restaurant compares to all other business types in Chicago
Best Cities to Open a Tapas Restaurant in the US: National city-level survivability rankings for Tapas Restaurant
Business Survivability in Palmer Square, Chicago: All business types ranked in the #1 neighborhood
Business Survivability in Logan Square, Chicago: All business types ranked in the #2 neighborhood
Business Survivability in Boulevard District, Chicago: All business types ranked in the #3 neighborhood

Technical note: Aggregated survivability rankings for Chicago are available in machine-readable format for research and integration purposes.

View technical data for Chicago

StreetSpring recalculates survivability using the latest competitive, demographic, and walkability data, so the live score may differ from the figures shown here.

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