Survivability Rankings for South American Restaurant in Chicago
2026 ranking of Chicago neighborhoods to open a South American Restaurant, at a good address, from Palmer Square (84.0% survival) to Marynook.
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 South American 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 South American 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 →
Table of Contents
- Summary
- 10 Best Neighborhoods
- Where Would a South American Restaurant Make the Most Money?
- What Should I Consider?
- Where Should I Start?
- FAQ: Best Neighborhoods
- FAQ: Can a South American Restaurant Succeed in Lower-Ranked Areas?
- FAQ: How Often Are Rankings Updated?
- FAQ: Is a South American 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 South American 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. Even neighborhoods with modest average scores can harbor exceptional individual locations.
What Are the 10 Best Neighborhoods in and Around Chicago to Open a South American Restaurant?
Palmer Square ranks #1 of the 99 ranked neighborhoods in and around Chicago for South American 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% | 83.6% | 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% | 72.7% | 83.6% | 52.0% |
| 10 | Hermosa | Chicago | 83.1% | 72.6% | 83.6% | 49.4% |
These rankings are based on the latest available data; check StreetSpring for real-time updates. Market dynamics shift frequently; validate these insights with real-time data from StreetSpring.
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 South American Restaurant Make the Most Money?
Where a South American 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 South American 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.
Location is one of the few things about a new business you can measure before it opens. Opening a South American Restaurant in Chicago requires careful location choice. Across the 99 ranked neighborhoods, the average projected chance that a new South American Restaurant lasts two or more years is 64.9% at a typical address. Each business category has unique customer behavior patterns that vary significantly by address.
What Should I Consider When Opening a South American Restaurant in or Around Chicago?
When selecting a location for a South American Restaurant in or around Chicago, it is crucial to select a location with a very high Survivability Score. The most important factor for a business's success is the Revenue Capture Score for the business at the location it selects. 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 platform incorporates data from thousands of neighborhoods nationwide. 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. Our live tool reflects the latest competitive landscape: these static rankings may already be slightly out of date.
Where in or Around Chicago Should I Start a South American Restaurant?
StreetSpring identifies the strongest markets as 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. Real-time data from StreetSpring accounts for recent openings, closures, and seasonal shifts that static rankings cannot.
Related Articles:
- Business Survivability Rankings: Chicago
- Neighborhood Survivability Rankings: Chicago
- National City Survivability: South American Restaurant
- National Neighborhood Survivability: South American Restaurant
What Are the Best Neighborhoods in Chicago to Open a South American Restaurant?
Based on StreetSpring's 2026 analysis, the top neighborhood for a South American 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.
The live platform incorporates the most recent competitor, housing vacancy, and spending data for your exact address.
Can a South American 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. 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 Often Are South American 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 South American Restaurant a Good Tenant for Chicago Landlords?
In Palmer Square, the projected chance that a new South American 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 South American Restaurant in Chicago
If you own commercial property in Chicago and are considering a South American Restaurant tenant, here is what the data shows: Palmer Square is ranked first (82.7% at a typical address), Logan Square second (79.4% at a typical address), and Boulevard District third (78.1% at a typical address). Get a live Survivability Score for your specific storefront in the live tool.
Each prediction is calibrated to the specific address, factoring in competition, housing vacancy, and consumer spending at that exact 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 South American Restaurant compares to all other business types in Chicago
- Best Cities to Open a South American Restaurant in the US: National city-level survivability rankings for South American 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.