Theater and Mixed-Use
5401 W Madison Street Chicago, IL 60644
5401 W Madison Street, Chicago, IL, 60644
$415,000
For Sale
Under Contract
$415,000
COMMERCIAL - Chicago, IL
Lot Size0.16 Acres
Days on Market49
Property Features for 5401 W Madison Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- 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
1000 N. MILWAUKEE AVE, Chicago, IL
Listed by
Kirby Pearson · License #471002409
(773) 325-2800
Added: May 31 Checked: Jul 18 at 1:06 am
MLS# 12662521
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Investment Insights
Based on property information with market context.
A distinctive mixed-use property currently operating as an ESO Theater, designed to support live performances, events, and creative production. The building includes over 6,000 sq. ft. of commercial space with multiple performance areas and AV hook-ups for audio/visual integration. Back-of-house is purpose-built as well, with a spacious kitchen area featuring multiple freezers, private offices, dressing rooms, and restrooms for staff and guests, plus a dedicated employee restroom in the kitchen area.
The property is located at 5401 W Madison Street in Chicago, on the border of Austin and the Oak Park community. It is listed with zoning of COMMR, and the remarks further note B3-2 flexibility. The theater is described as licensed as a Public Place of Amusement and Performing Arts venue.
With two fully equipped apartments on the second level, the layout supports both an operator-driven business and residential income. The residence mix is described as a 3-bedroom with 1.5 baths and a 2-bedroom with 1 bath, providing an opportunity for an owner-operator or investor seeking a property that can serve multiple functions in one address. The combination of event-ready space, office and dressing areas, and a commercial kitchen makes the building especially compelling for entertainment operators, creative studios, or hospitality-driven concepts.
The property is located at 5401 W Madison Street in Chicago, on the border of Austin and the Oak Park community. It is listed with zoning of COMMR, and the remarks further note B3-2 flexibility. The theater is described as licensed as a Public Place of Amusement and Performing Arts venue.
With two fully equipped apartments on the second level, the layout supports both an operator-driven business and residential income. The residence mix is described as a 3-bedroom with 1.5 baths and a 2-bedroom with 1 bath, providing an opportunity for an owner-operator or investor seeking a property that can serve multiple functions in one address. The combination of event-ready space, office and dressing areas, and a commercial kitchen makes the building especially compelling for entertainment operators, creative studios, or hospitality-driven concepts.
Key Highlights
- Over 6,000 SF mixed‑use commercial space, currently used as the ESO Theater with multiple performance areas
- AV hook‑ups in multiple performance areas for audio/visual integration
- Second level includes two fully equipped apartments: one 3 bed/1.5 bath and one 2 bed/1 bath
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Theaters & concert halls
Similar For Sale Nearby
FAQs
What type of property is this?
Theater & concert hall - Iconic performing-arts venue with built-in apartment income and dedicated kitchen space for food or catering concepts.
Where is this theater & concert hall 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 SF mixed‑use commercial space, currently used as the ESO Theater with multiple performance areas; AV hook‑ups in multiple performance areas for audio/visual integration; Second level includes two fully equipped apartments: one 3 bed/1.5 bath and one 2 bed/1 bath
