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Gaspars was located at 3159 N Southport Ave. It was one of the few venues for live music in late '70's Chicago. Ken Mierzwa described it as "a neighborhood tavern which booked bands on weekends". Gaspar's apparently did book the occasional new wave or punk show in the late '70's and early '80's. Some shows by the early Wax Trax bands were held at Gaspar's in early 1978, and San Francisco punks the Dils played Gaspar's in the summer of 1979 (probably the first show in Chicago by a touring West Coast punk band).

Gaspar's is now Schuba's, primarily booking alt-country and singer-songwriter acts.