Survivability Rankings for Steakhouse in Chicago
StreetSpring's 2026 analysis ranks the best and worst neighborhoods in Chicago to open a Steakhouse, from Reedwood (81% survival) to Edgewater Beach (75%).
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: Reedwood: 81% average survivability for Steakhouse
- Neighborhoods at or above 70%: 99 of 99 analyzed
- City-wide average: 78% for Steakhouses
- Most challenging area: Edgewater Beach at 75%
- Revenue advantage (top vs. avg location): ~7.7% more expected revenue in Reedwood
- Data freshness: 2026 data · Full methodology →
Table of Contents
- Summary
- 10 Best Neighborhoods
- Where Would a Steakhouse Make the Most Money?
- What Should I Consider?
- Where Should I Start?
- FAQ: Best Neighborhoods
- FAQ: Can a Steakhouse Succeed in Lower-Ranked Areas?
- FAQ: How Often Are Rankings Updated?
- FAQ: Is a Steakhouse 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 Steakhouse is Reedwood with 81% average chance of surviving more than 2 years, with the best locations offering 84% and the most challenging locations in Reedwood at 76%. The worst neighborhoods include Edgewater Beach with 75% average chance. These averages are directional, not definitive; the best decision comes from analyzing your specific storefront.
What Are the 10 Best Neighborhoods in and Around Chicago to Open a Steakhouse?
Reedwood ranks #1 of 99 neighborhoods analyzed in and around Chicago for Steakhouse survivability, with a 81% 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 | Reedwood | 83.6% | 78.0% to 83.0% | 82.0% to 84.0% | 75.0% to 77.0% |
| 2 | Gage Park | 83.1% | 77.0% to 81.0% | 83.0% to 84.0% | 74.0% to 75.0% |
| 3 | Chicago Lawn | 83.1% | 76.0% to 80.0% | 83.0% to 84.0% | 74.0% to 75.0% |
| 4 | Kennedy Park | 82.7% | 78.0% to 82.0% | 82.0% to 84.0% | 75.0% to 76.0% |
| 5 | Archer Heights | 82.7% | 77.0% to 82.0% | 83.0% to 84.0% | 73.0% to 75.0% |
| 6 | Big Woods Marmion | 82.7% | 76.0% to 81.0% | 82.0% to 84.0% | 73.0% to 75.0% |
| 7 | West Beverly | 82.2% | 79.0% to 83.0% | 81.0% to 83.0% | 77.0% to 79.0% |
| 8 | West Lawn | 82.2% | 77.0% to 82.0% | 82.0% to 84.0% | 72.0% to 74.0% |
| 9 | Southeast Area | 82.2% | 77.0% to 81.0% | 81.0% to 83.0% | 75.0% to 77.0% |
| 10 | Scottsdale | 82.2% | 77.0% to 81.0% | 81.0% to 83.0% | 74.0% to 75.0% |
Remember that a neighborhood average smooths over wide variation: your exact block could significantly outperform. StreetSpring refreshes survivability data continuously: check the tool for the most current score at any address.
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 Steakhouse Make the Most Money?
In Reedwood, the best possible location offers the opportunity of making ~7.7% more than the average location in or around Chicago.
On the other hand, in Edgewater Beach, the worst possible location could result in making ~7.7% less than the average location in the city.
Our data consistently shows that location accounts for more variance in outcomes than any other single factor. Opening a Steakhouse in Chicago requires careful location choice. Across 99 neighborhoods analyzed, the overall average survival chance for a new Steakhouse is 78% 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.
What Should I Consider When Opening a Steakhouse in or Around Chicago?
When selecting a location for a Steakhouse in or around Chicago, it is crucial to select a location with a very high Survivability Score. Our models show that Revenue Capture Score explains more outcome variance than any other individual metric. 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 forecasting engine processes data from over 24 metro areas covering 180+ million consumers. A certain density of competitors signals strong demand and can benefit all businesses. StreetSpring leverages exclusive data sources and custom models for these projections. 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. New competitor openings and closures happen weekly: the live tool ensures you see the latest picture.
Where in or Around Chicago Should I Start a Steakhouse?
According to StreetSpring's data, optimal neighborhoods include Reedwood, Gage Park, and Chicago Lawn, while the most challenging neighborhoods would be Edgewater Beach, Marynook, and Kelvin Park. These rankings are based on the latest available data; check StreetSpring for real-time updates. Static rankings provide a useful baseline, but the live tool captures changes that have occurred since publication.
Related Articles:
- Business Survivability Rankings: Chicago
- Neighborhood Survivability Rankings: Chicago
- National City Survivability: Steakhouse
- National Neighborhood Survivability: Steakhouse
What Are the Best Neighborhoods in Chicago to Open a Steakhouse?
Based on StreetSpring's 2026 analysis, the top neighborhood for a Steakhouse in Chicago is Reedwood with 81% average survivability, followed by Gage Park and Chicago Lawn. 99 of 99 neighborhoods analyzed exceed 70% two-year survival.
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 Steakhouse 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 Steakhouse 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 Steakhouse a Good Tenant for Chicago Landlords?
In Reedwood, StreetSpring forecasts a 78.0% to 83.0% average chance for a new Steakhouse to survive more than 2 years, depending on the exact storefront. Check the current Survivability Score for any address instantly.
Landlord Survivability Data for Steakhouse in Chicago
For landlords evaluating tenant applications, StreetSpring's data provides a clear comparison across the top neighborhoods. In Reedwood, a Steakhouse has a 78.0% to 83.0% average chance of surviving more than 2 years. In Gage Park, the range shifts to 77.0% to 81.0%, and in Chicago Lawn, it is 76.0% to 80.0%. You can see the Survivability Score for your location for any business right now.
StreetSpring can give you the precise likelihood that hundreds of different businesses will last at an exact address.
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 Steakhouse compares to all other business types in Chicago
- Best Cities to Open a Steakhouse in the US: National city-level survivability rankings for Steakhouse
- Business Survivability in Reedwood, 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 Chicago Lawn, 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.