How much money could a business in Albany Park make?

Based on StreetSpring's 2026 analysis, selecting one of the best locations in Albany Park could lead to making ~2% more than selecting an average location, and ~4% more than one of the worst locations.

Is Albany Park a good place to start a business?

Albany Park is ranked number 37 across neighborhoods in and around Chicago to start a business, with an average Survivability Score of ~82%. The top business types in Albany Park, when placed at their ideal addresses, achieve survivability rates ~2% above the neighborhood-wide average.

What are the best businesses to open in Albany Park?

The top businesses to open in Albany Park include Filipino Restaurant with a ~90% chance on average of surviving more than 2 years, best-case locations reaching ~92%, followed by Italian Restaurant and Scandinavian Restaurant.

What businesses are most in demand in Albany Park?

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

Business Survivability in Albany Park, Chicago

StreetSpring's 2026 analysis finds that the best business to open in Albany Park is a Filipino Restaurant with a ~90% chance of surviving at least 2 years across the neighborhood on average.

April 24, 2026•17 min read

Quick Summary

Best business: a Filipino Restaurant in Albany Park (~90% average survival rate, ~92% at best locations)

Neighborhood rank: #37 across all neighborhoods in and around Chicago

Neighborhood average: ~82% two-year survival across all business types

Rankings updated quarterly with latest market data

Detailed methodology

Last reviewed by Bobby Koons, Founder & CEO, StreetSpring — May 5, 2026

In this article:

Summary
Is Albany 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 Albany Park is a Filipino Restaurant with a ~90% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~92% chance; next is an Italian Restaurant with a ~90% chance, followed by a Scandinavian Restaurant with a ~90% chance.

Is Albany Park the right neighborhood for a new business?

**Pattern match:** Albany Park's neighborhood signature — captured across demographic, employment, and amenity features — most closely matches **Kelvin Park (Chicago)** and **Weequahic (New York City)**. The three share longer commutes, low destination density, and few anchor tenants, which helps explain why business types that succeed in those areas tend to translate to Albany Park.

**The pattern in Albany Park.** Of 93 tracked subtypes, Italian Restaurant leads at **90% average survivability** — yet within the neighborhood, sites for this subtype range **76-97%** (21-point spread). That spread is the real failure surface: pick the wrong block in Albany Park and a top-subtype play still scores in the bottom quartile. Meanwhile Gyms are already saturated here — 1 competitors within a 0.5-mile radius.

Out of all neighborhoods analyzed in and around Chicago, Albany Park ranks #37 for business survivability with a ~82% average Survivability Score.

The top business types in Albany Park, when placed at their ideal addresses, achieve survivability rates ~2% above the neighborhood-wide average.
That said, the same business types at the worst-fit addresses in Albany Park can drop substantially below average. The survivability gap between the best and worst addresses in a single neighborhood can be 20 points or more.
A 93.5% employment rate in Albany Park means a large share of local consumers have steady income — a strong underlying condition for discretionary spending businesses.

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

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

StreetSpring scores survivability at the exact address level in Albany Park — so you can compare two storefronts on the same block before committing to a lease. Of all available storefronts analyzed in Albany Park, StreetSpring ranks this area highest for a Filipino Restaurant in 2026:

Walking the neighborhood: what to look for

Loading live map preview...

Based on StreetSpring's 2026 analysis of 100 location-specific factors, this area offers the highest projected survivability for a Filipino Restaurant in Albany Park. These rankings are based on the latest available data; check StreetSpring for real-time updates. Factors evaluated include competition at every distance band, consumer spending forecasts, mobility patterns, and market share projections.

Check if this location is still available →

The strongest business categories for Albany Park

#1-5: Highest Survivability in Albany Park

Filipino Restaurant — ~88%–~92% survivability range, with an average of ~90% across Albany Park.
Opening an Italian Restaurant in Albany Park shows ~90% average survivability. Top locations reach ~91%; lower-end sites show ~89%.
Scandinavian Restaurant (Ranked #3): ~90% average in Albany Park. Best-case storefronts: ~91%. Challenging locations: ~88%.
Taiwanese Restaurant is ranked #4 for top businesses to open in Albany Park: ~90% chance on average, best at ~92%, challenging at ~88%.
Brazilian Restaurant — ~88%–~92% survivability range, with an average of ~90% across Albany Park.

#6-10: Strong Performers in Albany Park

Opening a Chicken Shop in Albany Park shows ~90% average survivability. Top locations reach ~92%; lower-end sites show ~88%.
Hungarian Restaurant (Ranked #7): ~90% average in Albany Park. Best-case storefronts: ~91%. Challenging locations: ~88%.
Afghan Restaurant is ranked #8 for top businesses to open in Albany Park: ~90% chance on average, best at ~91%, challenging at ~88%.
Bangladeshi Restaurant — ~88%–~92% survivability range, with an average of ~90% across Albany Park.
Opening a South American Restaurant in Albany Park shows ~90% average survivability. Top locations reach ~92%; lower-end sites show ~88%.

Top 3 Compared Nationally

Filipino Restaurant — See how this compares to other cities →

What you could earn opening a business in Albany Park

Best location vs. average location

Based on StreetSpring's 2026 analysis, identifying the optimal address for your business type in Albany Park could lead to you making ~2% 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

Every business type has unique location requirements that must be considered.
Nothing influences a business's future more than its location.
Businesses in high-scoring locations consistently outperform those in average or low-scoring sites.
StreetSpring can pinpoint which blocks in each neighborhood or city maximize a business's chances of success.

What Albany Park needs more of (per our model)

The top businesses to open next in Albany Park:

Filipino Restaurants — ~90% average survival rate, up to ~92% at best locations
Italian Restaurants — ~90% average survival rate
Scandinavian Restaurants — ~90% average survival rate

These rankings are based on the latest available data; check StreetSpring for real-time updates. The model draws from 100+ location-specific factors to generate each survivability score. Albany Park's combination of 93.5% employment and 7.6% vacancy creates the conditions that define which business types thrive here and which struggle. These rankings are a snapshot; StreetSpring recalculates survivability for every location in Albany Park weekly, incorporating the latest competitive openings, closures, and spending data — check current locations 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 Albany Park.

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

If you own commercial space in Albany Park, StreetSpring's 2026 data points to Filipino Restaurants, Italian Restaurants, and Scandinavian Restaurants as the tenant types with the strongest projected longevity at this location.

Nothing influences a business's future more than its location.
StreetSpring can pinpoint which blocks in each neighborhood or city maximize a business's chances of success. Run your specific address through StreetSpring to see which tenant categories give you the best odds of stable, long-term occupancy.

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

Yes. Among all business types analyzed for Albany Park in 2026, a Filipino Restaurant posts the highest survivability ceiling at ~92% and maintains a reasonable floor of ~88% — making it the most reliable tenant choice here.

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 Albany Park?

In Albany Park, the single most important factor in your site-selection decision is the Survivability Score of the specific address you're evaluating.

The most important driver of a high Survivability Score is the Revenue Capture Score for the business at the location it selects.
StreetSpring's forecasting tools are purpose-built for commercial location decisions and are not available through any publicly accessible data source.
You can access the most up-to-date forecasts with StreetSpring for free.

See the best place for your business at StreetSpring.

Our analysis covers businesses serving more than 180 million+ Americans across 24 major US metros. Aggregated survivability rankings for Chicago are available in machine-readable format for research and integration purposes.

How seasonality plays out here

Factor	Where new owners get tripped up	Questions to ask before you sign
Parking & visibility	Storefront looks great from the sidewalk but is invisible from the road.	Drive past at 30 mph from both directions. Count street parking + nearest paid lot capacity at peak hours.
Foot traffic seasonality	Looking at a peak-summer Tuesday and assuming year-round volume.	Walk the block at 3 different times across 2 different weeks. Ask neighboring tenants for their slow-season % drop.
Lease term	Locking into 7-10 years without break clauses, then needing to relocate after year 2.	Negotiate a relocation or termination clause. Confirm assignment + sublease rights are in writing.

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

Bubble chart of business subtypes in Chicago by survivability score and location density — Every business subtype in Chicago plotted by score vs location count — bubble size shows market depth.

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.

How we measure this: Supplier proximity matters more for some subtypes (restaurants, repair shops) than others (online-anchored retail).

**Albany Park at a glance.** Albany Park is one of the 77 community areas of Chicago in Illinois, United States. Located on the Northwest Side of Chicago with the North Branch of the Chicago River forming its east and north boundaries, it includes the ethnically diverse Albany Park neighborhood, with one of the highest percentages of foreign-born residents of any Chicago neigh… ([Wikipedia](https://en.wikipedia.org/wiki/Albany_Park%2C_Chicago))

**Worker-to-resident ratio (Albany Park):** LEHD daytime population data gives Albany Park a **0.4-to-1 worker/resident ratio** (a primarily-residential signal with some daytime worker pull). Median 1-mile workplace jobs: **11,244**; retail share within that: **1,678**. Worker-heavy neighborhoods skew demand toward weekday-business-hours; resident-heavy neighborhoods skew toward evenings and weekends.

Landmark anchor: Albany Park centers on Dam Number 4 Forest Preserve — a public-space anchor that influences walking and dwell-time patterns nearby.

**Economic indicators for Albany Park:** Three local signals — neighborhood unemployment **6.5%** (ACS; above the median we track), Chicago-area average weekly wage **$1,198** (BLS QCEW; below our metro median), and **5,308** new residential units permitted in Cook County in 2025 (Census BPS). Use these to ground demand and labor-cost assumptions for your specific business plan.

**National benchmark:** Per BLS Business Employment Dynamics (March 2025), 5-year survival rates for StreetSpring's tracked industries span **47.8-61.8%**. Restaurants — the most-studied of these — survive at **50.0%** nationally, not the often-cited "80% fail" myth. The real risk premium is at the location level, which is what StreetSpring's model isolates.

Related Resources

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