Performing Arts Theater
For Sale
Under Contract
$415,000
5401 W Madison Street, Chicago, IL 60644
Commercial Sale, Chicago, IL
Property Size6,000 SF
Lot Size0.16 Acres
Price / SF$69.17
Days on Market83
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
(773) 325-2800
Added: May 31
Changed: Aug 19
Last Checked: Aug 21 at 1:06PM
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 Chicago property combines a performing arts venue with residential units in a brick-and-concrete building constructed in 1937. The commercial portion encompasses over 6,000 square feet and includes multiple performance areas with AV hook-ups, a spacious kitchen with multiple freezers, private offices, dressing rooms, bathrooms, and a separate employee restroom. The space is licensed as a Public Place of Amusement and Performing Arts Venue and is currently home to the ESO Theater.
Two fully equipped apartments occupy the second level: one three-bedroom, one-and-a-half-bath unit and one two-bedroom, one-bath unit. Additional physical features include wood flooring, central air, a rubber roof, and natural gas availability. The property is located at 5401 W Madison Street in Chicago's Austin neighborhood, near the Oak Park community border.
Two fully equipped apartments occupy the second level: one three-bedroom, one-and-a-half-bath unit and one two-bedroom, one-bath unit. Additional physical features include wood flooring, central air, a rubber roof, and natural gas availability. 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
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Frequently Asked Questions
What type of property is this?
Theater & concert hall - Purpose-built venue with performance areas, production support rooms, offices, and two upper-level apartments.
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 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
