Mixed-Use Theater
For Sale
Under Contract
$415,000
5401 W Madison Street, Chicago, IL 60644
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.16 Acres
Days on Market95
Property Features for 5401 W Madison Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
West on 290 to Central, Central north to Madison, & Madison West to the address.
Subdivision
CHI - Austin
Standard status
Active Under Contract
APN
16161010610000
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
6752
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Building Details
Year built
1937
Floors in Building
2
Number of units
3
Flooring type
Wood
Building materials
Brick, Concrete
Roof type
Rubber
Listing Agency:
Pearson Realty Group
(773) 325-2800
Listed By:
Kirby Pearson · License #471002409
(312) 805-0005
Added: May 31
Changed: Aug 19
Last Checked: Sep 2 at 11:06PM
MLS# 12662521
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building combines more than 6,000 square feet of commercial space with two apartments on the second level. The commercial component includes several performance areas with audio/visual connections, a kitchen with multiple freezers, private offices, dressing rooms, and bathrooms for staff and guests. The property is licensed as a Public Place of Amusement and Performing Arts Venue, supporting its existing theater use and other event-oriented operations.
The residential portion consists of one three-bedroom, one-and-a-half-bath apartment and one two-bedroom, one-bath apartment. Brick and concrete construction, wood flooring, central air, a rubber roof, and natural gas availability are among the building features. Built in 1937, the property is located at 5401 W Madison Street in Chicago’s Austin neighborhood near the Oak Park community border.
The residential portion consists of one three-bedroom, one-and-a-half-bath apartment and one two-bedroom, one-bath apartment. Brick and concrete construction, wood flooring, central air, a rubber roof, and natural gas availability are among the building features. Built in 1937, the property is located at 5401 W Madison Street in Chicago’s Austin neighborhood near the Oak Park community border.
Key Highlights
- Over 6,000 sq ft of mixed‑use commercial space
- Two second‑level apartments: one 3bed 1.5bath and one 2bed 1bath
- Multiple performance areas with AV hook‑ups
Property Analytics
Property Profile
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 Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial and residential building with performance areas, support rooms, and two second-level apartments.
Where is this mixed-use property located?
The property is located at 5401 W Madison Street Chicago, IL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Over 6,000 sq ft of mixed‑use commercial space; Two second‑level apartments: one 3bed 1.5bath and one 2bed 1bath; Multiple performance areas with AV hook‑ups
