How much more revenue can a Caribbean / Latin Restaurant make in the best vs. average Chicago neighborhood?

In Kennedy Park, the best possible Caribbean / Latin Restaurant location in Chicago offers approximately 5.4% more expected revenue than the average location. The worst-performing neighborhoods could yield approximately 7.6% less than average.

What is the city-wide average survivability for Caribbean / Latin Restaurant in Chicago?

The city-wide average survivability for Caribbean / Latin Restaurant across Chicago is 88% for surviving more than 2 years. Top neighborhoods like Kennedy Park substantially outperform this average, reaching 93%.

What are the worst neighborhoods for Caribbean / Latin Restaurant in Chicago?

The most challenging neighborhoods in Chicago for Caribbean / Latin Restaurant include Irving Woods with 82% average survival chance, Downtown, and Pilsen. For the most current predictions, visit StreetSpring to analyze your specific location in real-time.

How accurate are StreetSpring's Caribbean / Latin Restaurant survivability predictions?

StreetSpring's models achieve 95–99% accuracy across business types, analyzing 100+ factors with a ±3% margin of error. StreetSpring's predictions are granular enough to distinguish between two storefronts on the same block.

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 Kennedy Park (93% survival) ...

April 24, 2026•17 min read

By Bobby Koons | Last reviewed: May 13, 2026 | Updated weekly | Methodology

Quick Summary

#1 Neighborhood: Kennedy Park — 93% average survivability for Caribbean / Latin Restaurant

Neighborhoods at or above 70%: 86 of 86 analyzed

City-wide average: 88% for Caribbean / Latin Restaurants

Most challenging area: Irving Woods at 82%

Revenue advantage (top vs. avg location): ~5.4% more expected revenue in Kennedy Park

Data freshness: 2026 data · Full methodology →

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 Kennedy Park with 93% average chance of surviving more than 2 years, with the best locations offering 96% and the most challenging locations in Kennedy Park at 84%. The worst neighborhoods include Irving Woods with 82% average chance. Market conditions are changing daily, and it is best to use StreetSpring's most up-to-date data.

Where in Chicago Should You Open a Caribbean / Latin Restaurant?

**How Kennedy Park compares:** Kennedy Park — the top-ranked neighborhood for Caribbean / Latin Restaurants in Chicago — has a profile that most resembles **Chicago Midway Airport (Chicago)** and **Rosemont East (Baltimore)**. All three share blue-collar job mix, low destination density, and low vacancy, giving operators a wider reference set than a single city's data alone.

**Failure pattern for Caribbean / Latin Restaurants in Chicago.** Across 86 tracked neighborhoods, survivability for this subtype spans **82% to 93%** — a 11-point gap. **Kennedy Park** leads at 93% (no existing competitors in our index), while **Irving Woods** sits at 82%. The dominant failure mode for a Caribbean / Latin Restaurant in Chicago is neighborhood selection: a 11-point head start is on the table before the lease is signed.

Kennedy Park ranks #1 of 86 neighborhoods analyzed in and around Chicago for Caribbean / Latin Restaurant survivability with a score of 93% as of 2026. The top 10 neighborhoods are:

Why these rankings reflect real survival outcomes

Rank	Neighborhood	Best Locations	Average Locations	Challenging Locations
1	Kennedy Park	93.0% – 97.0%	91.0% – 94.7%	83.0% – 87.0%
2	Main-Chicago	94.0% – 97.0%	90.7% – 94.4%	88.0% – 92.0%
3	Southwest	94.0% – 97.0%	90.2% – 94.0%	70.0% – 74.0%
4	Rogers Park	94.0% – 97.0%	90.1% – 93.8%	70.0% – 74.0%
5	Morgan Park	95.0% – 97.0%	90.0% – 93.7%	71.0% – 75.0%
6	Roseland	95.0% – 97.0%	89.9% – 93.6%	75.0% – 79.0%
7	Kenwood	93.0% – 97.0%	89.6% – 93.4%	86.0% – 90.0%
8	West Village	92.0% – 96.0%	89.0% – 92.7%	71.0% – 75.0%
9	River North	93.0% – 97.0%	88.9% – 92.7%	86.0% – 90.0%
10	Margate Park	92.0% – 96.0%	88.6% – 92.3%	86.0% – 90.0%

Reading the gap between #1 and #10

These averages are directional, not definitive; the best decision comes from analyzing your specific storefront. Market dynamics shift frequently; validate these insights with real-time data from StreetSpring.

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 Kennedy Park, the best possible location offers the opportunity of making ~5.4% more than the average location in or around Chicago.

On the other hand, in Irving Woods, the worst possible location could result in making ~7.6% less than the average location in the city.

No amount of marketing or capital can compensate for a poorly chosen location. Opening a Caribbean / Latin Restaurant in Chicago requires careful location choice. Across 86 neighborhoods analyzed, the overall average survival chance for a new Caribbean / Latin Restaurant is 88% for lasting more than 2 years — due to a combination of many factors across competition, consumer spending, and location dynamics. Survivability predictions are business-type-specific because consumer behavior differs fundamentally across categories.

The Most Important Factors for a Caribbean / Latin Restaurant in Chicago

Picking the right location is the single highest-leverage decision in launching this business — Survivability Score is the lens that frames the rest of the decision. 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. We incorporate data from thousands of neighborhoods and hundreds of thousands of individual businesses. Competition density is not inherently negative — it often signals an established customer base. StreetSpring's predictions leverage proprietary datasets covering competition, spending, and mobility.

Consideration	Common pitfall	What to verify before signing
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.
Workforce availability	Hiring radius is smaller than you think — many neighborhoods can't staff a full team at standard wages.	Pull BLS wage data for your industry in this metro. Walk through your staffing plan with a local restaurant/retail operator before signing.
Permits & licensing	Assuming a 30-day permit timeline, hitting 90+ days, paying rent on a non-operating storefront.	Call the local zoning office before signing. Confirm your use is already permitted; if not, factor a 2-3 month variance timeline.

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. StreetSpring refreshes survivability data continuously — check the tool for the most current score at any address.

The Best Place to Start a Caribbean / Latin Restaurant in Chicago

Based on our analysis, the leading neighborhoods are Kennedy Park, Main-Chicago, and Southwest, while the most challenging neighborhoods would be Irving Woods, Downtown, and Pilsen. However, individual locations vary widely, and even in lower-scoring neighborhoods there are pockets that perform exceptionally well. However, market conditions change daily, and it's best to use StreetSpring's live data to check the Survivability Score for a specific address.

Related Articles:

Which Chicago Neighborhoods Are Strongest for Caribbean / Latin Restaurants?

Based on StreetSpring's 2026 analysis, the top neighborhood for a Caribbean / Latin Restaurant in Chicago is Kennedy Park with 93% average survivability, followed by Main-Chicago and Southwest. 86 of 86 neighborhoods analyzed exceed 70% two-year survival.

StreetSpring refreshes survivability data continuously — check the tool for the most current score at any address.

Should You Consider Lower-Survivability Areas of Chicago for a Caribbean / Latin Restaurant?

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. Remember that a neighborhood average smooths over wide variation — your exact block could significantly outperform. Always check your specific address in StreetSpring's live platform for the most accurate prediction.

How Fresh Is Our Chicago Caribbean / Latin Restaurant Ranking Data?

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.

The Landlord's View of Caribbean / Latin Restaurants in Chicago

In Kennedy Park, StreetSpring forecasts a 91.0% – 94.7% 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

Reducing vacancy starts with choosing tenants whose business type matches the neighborhood's strengths. For Caribbean / Latin Restaurant tenants, Kennedy Park provides the best survivability conditions (91.0% – 94.7%). Main-Chicago and Southwest also show viable averages at 90.7% – 94.4% and 90.2% – 94.0% respectively. See which business types are most likely to succeed at your property address right now.

StreetSpring delivers address-level predictions, showing how likely hundreds of different businesses are to last at that exact spot.

Top-Survivability Chicago Neighborhoods for Caribbean / Latin Restaurants

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

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.

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. Find Caribbean / Latin Restaurant relative to its peers.

Waterfall chart of best and worst Caribbean / Latin Restaurant neighborhoods in Chicago — Top and bottom neighborhoods for Caribbean / Latin Restaurant in Chicago — each step shows the gap from the city average. Wider spread = location matters more.

How we measure this: Shorter leases compress survival horizons. We assume a 5-year base term unless listing data overrides.

**A bit of background on Chicago.** Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. ([Wikipedia](https://en.wikipedia.org/wiki/Chicago))

**City-wide daytime/nighttime spread (Chicago):** Chicago's neighborhoods span the daytime-density range from sparse residential to dense commercial. Median daytime/resident ratio: **0.74**; top-quartile ratio: **2.07** across 150 tracked neighborhoods (LEHD LODES 2022). That's a primarily-residential profile — pick the right side of the ratio for your concept's demand-timing.

**Chicago operating-cost snapshot:** Against our 24-metro median, Chicago's commercial electricity is **6.7¢/kWh** (below 10.8¢ median), state minimum wage is **$15.00/hr** (below $15.00), combined sales tax is **8.8%** (above 7.7%), and effective commercial property tax is **2.27%** (above 0.96%). Operating-cost positioning: **expensive**.

**BLS data point:** Caribbean / Latin Restaurants have a **50.5% 5-year survival rate** nationally per BLS Business Employment Dynamics, March 2025 release. StreetSpring's location-specific model scores Caribbean / Latin Restaurants in Chicago at an average **survivability score of 83%**, reflecting site-level factors like competitive density, demographics, and accessibility that national averages can't capture.

Same business type in other cities:

Related:

Local Data Questions

Local-context questions, answered with neighborhood-specific numbers.

Which Chicago subtypes have comparable survivability to Caribbean / Latin Restaurants?

Per StreetSpring's Chicago corpus, peers of Caribbean / Latin Restaurants (within 2 points of the 83% average) include Wok Restaurant, Filipino Restaurant, Ukrainian Restaurant.

Do Caribbean / Latin Restaurants need walkable locations in Chicago?

Median Chicago commute is ~35 minutes. Accessibility-driven foot-traffic variation contributes to the 56-99% survivability range Caribbean / Latin Restaurants see across the metro.

How does Chicago compare to other US metros for Caribbean / Latin Restaurants?

Across 24 US metros, Chicago sits at rank #21 for Caribbean / Latin Restaurants, averaging 83% on StreetSpring's survivability scale. National range: 83-87%.

What are the key demographic factors for Caribbean / Latin Restaurants in Chicago?

Chicago's key demographics — ~$103K median household income, 37 median age — feed into the survivability model alongside competition, rent, and accessibility data. The model averages Caribbean / Latin Restaurants at 83% across Chicago.

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