Mixed-Use Theater
For Sale
Contact for pricing
5401 W Madison Street, Chicago, IL 60644
Performing-arts improvements, residential apartments, and flexible commercial areas support multiple operating formats.
Property SizeContact for details
Days on Market70
Property Features for 5401 W Madison Street
General Information
Standard status
Active
Property subtype
Commercial
Zoning
COMMR
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,751
Building Details
Year Built
1937
Stories
2
Units
3
Listing Agency:
Pearson Realty Group
(773) 325-2800
Listed By:
Kirby Pearson · License #471002409
(773) 325-2800
Source:
Perillorealestategroup
Added: May 31
Changed: Aug 4
Last Checked: Aug 8 at 12:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pearson Realty Group
Investment Insights
Based on property information with market context.
This mixed-use property combines a theater-oriented commercial space with two apartments on the second level. The commercial portion includes over 6,000 sq ft, multiple performance areas with AV hook-ups, private offices, dressing rooms, bathrooms, and a kitchen equipped with multiple freezers. The layout supports performing arts, events, music showcases, creative studios, restaurant, cafe, or catering operations. The property is also licensed as a Public Place of Amusement and Performing Arts Venue.
The residential component includes one 3bed 1.5bath apartment and one 2bed 1bath apartment. Built in 1937, the property is located at 5401 W Madison Street in Chicago's Austin neighborhood, near the Oak Park community border. Its combination of commercial facilities and residential units provides a varied ownership profile for an operator, creative organization, or investor.
The residential component includes one 3bed 1.5bath apartment and one 2bed 1bath apartment. Built in 1937, the property is located at 5401 W Madison Street in Chicago's Austin neighborhood, near the Oak Park community border. Its combination of commercial facilities and residential units provides a varied ownership profile for an operator, creative organization, or investor.
Key Highlights
- Over 6,000 sq ft of mixed‑use commercial space
- Multiple performance areas with AV hook‑ups for audio/visual integration
- Kitchen includes multiple freezers, plus a dedicated employee restroom
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Performing-arts improvements, residential apartments, and flexible commercial areas support multiple operating formats.
Where is this mixed-use property located?
The property is located at 5401 W Madison Street Chicago, IL.
What are key features of this property?
This property features: Over 6,000 sq ft of mixed‑use commercial space; Multiple performance areas with AV hook‑ups for audio/visual integration; Kitchen includes multiple freezers, plus a dedicated employee restroom
