Survivability Rankings for Caribbean / Latin Restaurant in Chicago
StreetSpring's 2026 analysis ranks the best and worst neighborhoods in Chicago to open a Caribbean / Latin Restaurant, from Garfield Ridge (79% survival...
By Robert Koons | Last reviewed: September 2026 | Methodology
Quick Summary
- Survivability Score: the projected chance a business type lasts two or more years at a specific address
- #1 Neighborhood: Garfield Ridge: 79% average survivability for Caribbean / Latin Restaurant
- Neighborhoods at or above 70%: 98 of 99 analyzed
- City-wide average: 77% for Caribbean / Latin Restaurants
- Most challenging area: Cunningham at 74%
- Revenue advantage (top vs. avg location): ~5.5% more expected revenue in Garfield Ridge
- Data freshness: 2026 data · Full methodology →
Table of Contents
- Summary
- 10 Best Neighborhoods
- Where Would a Caribbean / Latin Restaurant Make the Most Money?
- What Should I Consider?
- Where Should I Start?
- FAQ: Best Neighborhoods
- FAQ: Can a Caribbean / Latin Restaurant Succeed in Lower-Ranked Areas?
- FAQ: How Often Are Rankings Updated?
- FAQ: Is a Caribbean / Latin 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 Caribbean / Latin Restaurant is Garfield Ridge with 79% average chance of surviving more than 2 years, with the best locations offering 83% and the most challenging locations in Garfield Ridge at 75%. The worst neighborhoods include Cunningham with 74% average chance. Location-level factors like visibility and adjacent tenants can override neighborhood-level trends.
What Are the 10 Best Neighborhoods in and Around Chicago to Open a Caribbean / Latin Restaurant?
Garfield Ridge ranks #1 of 99 neighborhoods analyzed in and around Chicago for Caribbean / Latin Restaurant survivability, with a 79% chance of lasting two or more years as of 2026. The top 10 neighborhoods are:
| Rank | Neighborhood | At a good address | Average Locations | Best Locations | Challenging Locations |
|---|---|---|---|---|---|
| 1 | Garfield Ridge | 82.2% | 77.0% to 81.0% | 82.0% to 84.0% | 74.0% to 76.0% |
| 2 | Gage Park | 81.8% | 76.0% to 81.0% | 82.0% to 84.0% | 73.0% to 75.0% |
| 3 | Grand Crossing | 81.3% | 77.0% to 81.0% | 80.0% to 82.0% | 76.0% to 78.0% |
| 4 | Archer Heights | 81.3% | 76.0% to 81.0% | 83.0% to 84.0% | 73.0% to 75.0% |
| 5 | Kenwood | 80.9% | 77.0% to 82.0% | 80.0% to 81.0% | 77.0% to 79.0% |
| 6 | Streeterville | 80.9% | 77.0% to 82.0% | 80.0% to 82.0% | 76.0% to 78.0% |
| 7 | Chatham | 80.9% | 77.0% to 81.0% | 81.0% to 83.0% | 75.0% to 76.0% |
| 8 | West Humboldt Park | 80.9% | 77.0% to 81.0% | 80.0% to 81.0% | 75.0% to 77.0% |
| 9 | Little Village | 80.9% | 76.0% to 81.0% | 83.0% to 84.0% | 74.0% to 76.0% |
| 10 | West Chatham | 80.9% | 76.0% to 81.0% | 80.0% to 81.0% | 76.0% to 78.0% |
Market conditions are changing daily and it is best to use StreetSpring's most up-to-date data. New competitor openings and closures happen weekly: the live tool ensures you see the latest picture.
Survivability ranges reflect best and worst storefront conditions within each neighborhood. 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 Caribbean / Latin Restaurant Make the Most Money?
In Garfield Ridge, the best possible location offers the opportunity of making ~5.5% more than the average location in or around Chicago.
On the other hand, in Cunningham, the worst possible location could result in making ~10.4% less than the average location in the city.
Choosing the right address is the highest-leverage decision for any brick-and-mortar entrepreneur. Opening a Caribbean / Latin Restaurant in Chicago requires careful location choice. Across 99 neighborhoods analyzed, the overall average survival chance for a new Caribbean / Latin Restaurant is 77% for lasting more than 2 years, due to a combination of many factors across competition, consumer spending, and location dynamics. Different business types will have different forecasted spend than others, and all of those would have different projections for each location.
What Should I Consider When Opening a Caribbean / Latin Restaurant in or Around Chicago?
When selecting a location for a Caribbean / Latin Restaurant in or around Chicago, it is crucial to select a location with a very high Survivability Score. Among all factors in our model, Revenue Capture Score carries the most weight in determining long-term survivability. 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 models are built using machine learning trained on millions of commercial real estate data points. Clustering works when it draws more customers to the area than any single business could alone. The prediction engine behind these rankings is entirely proprietary: developed in-house over years of research. 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
Related: Survivability Score: How We Calculate It & Why It Matters
StreetSpring recalculates survivability using the latest competitive, demographic, and walkability data. For the most accurate predictions, always check your specific address in StreetSpring's live platform.
Where in or Around Chicago Should I Start a Caribbean / Latin Restaurant?
StreetSpring identifies the strongest markets as Garfield Ridge, Gage Park, and Grand Crossing, while the most challenging neighborhoods would be Cunningham, Edgewater Beach, and North Mayfair. Our data shows that roughly 15% of top-performing locations sit in neighborhoods ranked below the city median. The live platform incorporates the most recent competitor, vacancy, and spending data for your exact address.
Related Articles:
- Business Survivability Rankings: Chicago
- Neighborhood Survivability Rankings: Chicago
- National City Survivability: Caribbean / Latin Restaurant
- National Neighborhood Survivability: Caribbean / Latin Restaurant
What Are the Best Neighborhoods in Chicago to Open a Caribbean / Latin Restaurant?
Based on StreetSpring's 2026 analysis, the top neighborhood for a Caribbean / Latin Restaurant in Chicago is Garfield Ridge with 79% average survivability, followed by Gage Park and Grand Crossing. 98 of 99 neighborhoods analyzed exceed 70% two-year survival.
New competitor openings and closures happen weekly: the live tool ensures you see the latest picture.
Can a Caribbean / Latin 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. StreetSpring's Survivability Scores are updated regularly, so the most accurate prediction for your exact storefront is always available in the live tool. Always check your specific address in StreetSpring's live platform for the most accurate prediction.
How Often Are Caribbean / Latin 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 Caribbean / Latin Restaurant a Good Tenant for Chicago Landlords?
In Garfield Ridge, StreetSpring forecasts a 77.0% to 81.0% average chance for a new Caribbean / Latin Restaurant to survive more than 2 years, depending on the exact storefront. Check the current Survivability Score for any address instantly.
Landlord Survivability Data for Caribbean / Latin Restaurant in Chicago
For landlords evaluating tenant applications, StreetSpring's data provides a clear comparison across the top neighborhoods. In Garfield Ridge, a Caribbean / Latin Restaurant has a 77.0% to 81.0% average chance of surviving more than 2 years. In Gage Park, the range shifts to 76.0% to 81.0%, and in Grand Crossing, it is 77.0% to 81.0%. Our tool shows the survivability outlook for any business type at your exact address, updated weekly.
StreetSpring delivers pinpoint accuracy down to the exact storefront location.
Related: How Landlord Representatives Can Reduce Vacancy & Increase Tenant Longevity
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.
Related Resources
- Business Survivability Rankings: Chicago: See how Caribbean / Latin Restaurant compares to all other business types in Chicago
- Best Cities to Open a Caribbean / Latin Restaurant in the US: National city-level survivability rankings for Caribbean / Latin Restaurant
- Business Survivability in Garfield Ridge, Chicago: All business types ranked in the #1 neighborhood
- Business Survivability in Gage Park, Chicago: All business types ranked in the #2 neighborhood
- Business Survivability in Grand Crossing, 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 static ranges shown here.