Theater and Mixed-Use
5401 W Madison Street, Chicago, IL 60644
New
- Added:
- May 31, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 2 at 8:06 pm
Property Features for 5401 W Madison Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- 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 agent Kirby Pearson License #471002409 (773) 325-2800
Listing office Pearson Realty Group 1000 N. MILWAUKEE AVE, Chicago, IL (773) 325-2800
Listing date May 31, 2026
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.
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
- Combined apartment rental income potential of $3,000+ per month
- Zoned B3‑2 and licensed as a Public Place of Amusement and Performing Arts venue
- Spacious kitchen area with multiple freezers, plus private offices, dressing rooms, and bathrooms
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Theaters & concert halls
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7602552
- Latitude
- 41.8800512
Nearby Similar for Sale
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
