Mixed-Use Theater and
5401 West Madison Street Chicago, IL 60644
5401 West Madison Street, Chicago, IL, 60644
$415,000
Pending
For Sale
$415,000
Pending
Purpose-built theater with mixed-use space and two apartments, offering flexible zoning and on-site residential income potential.
Property Size6,752 SF
Days on Market61
Property Features for 5401 West Madison Street
General Information
- Standard status
- Pending
- Size
- 6,752 SF
Building Details
- Year Built
- 1937
Listing agency
Pearson Realty Group
(773) 325-2800
Listed by
Kirby Pearson · License #471002409
(773) 325-2800
Source
Compass
Added: May 23 Updated: Jul 10 at 3:59PM Checked: Jul 22 at 8:19AM
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Investment Insights
Based on property information with market context.
This mixed-use property combines a purpose-built entertainment venue with residential units above. The commercial portion is over 6,000 square feet and is designed for performances and events, with multiple performance areas and AV hook-ups for audio/visual integration. There is also a spacious kitchen area equipped with multiple freezers, supported by dedicated employee facilities. Additional improvements include private offices, dressing rooms, and bathrooms for staff and guests, plus a dedicated employee restroom in the kitchen area.
The property is currently licensed as a Public Place of Amusement and Performing Arts Venue and is zoned B3-2, which can provide flexibility for a range of business types consistent with the existing entertainment use. The second level includes two fully equipped apartments: one 3-bedroom with 1.5 bathrooms and one 2-bedroom with 1 bathroom.
For tenants, operators, and buyers seeking an integrated entertainment and living setup, the layout supports on-site operations with both performance and backstage/admin space. For residential occupants, the upper units are already set up as separate apartments. The property also presents residential income potential, with combined rental income potential of $3,000+ per month as stated in the remarks.
The property is currently licensed as a Public Place of Amusement and Performing Arts Venue and is zoned B3-2, which can provide flexibility for a range of business types consistent with the existing entertainment use. The second level includes two fully equipped apartments: one 3-bedroom with 1.5 bathrooms and one 2-bedroom with 1 bathroom.
For tenants, operators, and buyers seeking an integrated entertainment and living setup, the layout supports on-site operations with both performance and backstage/admin space. For residential occupants, the upper units are already set up as separate apartments. The property also presents residential income potential, with combined rental income potential of $3,000+ per month as stated in the remarks.
Key Highlights
- About 6,000+ sq ft mixed‑use commercial space currently operating as the ESO Theater
- Zoned B3‑2 for extensive flexibility for different business types
- Licensed as a Public Place of Amusement and Performing Arts venue
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 - Purpose-built theater with mixed-use space and two apartments, offering flexible zoning and on-site residential income potential.
Where is this theater & concert hall located?
The property is located at 5401 West 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: About 6,000+ sq ft mixed‑use commercial space currently operating as the ESO Theater; Zoned B3‑2 for extensive flexibility for different business types; Licensed as a Public Place of Amusement and Performing Arts venue
