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$479,000
1 Day On Site

5401 W Madison Street
Chicago, IL 60644

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
1937
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Blue Door Dave Inc
Call Now: 312-767-7744
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312-767-7744
5401 W Madison Street5401 W Madison Street5401 W Madison Street5401 W Madison Street
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Unique Investment Opportunity: Iconic ESO Theater Property For Sale in Austin, Chicago! Welcome to a truly one-of-a-kind property in the heart of Chicago's vibrant Austin neighborhood, right on the border of the Oak Park community. Currently home to the celebrated ESO Theater, this multi-functional space offers an extraordinary opportunity for entrepreneurs, artists, investors, and visionaries looking to own a dynamic commercial and residential property with built-in revenue potential. Property Highlights: Over 6,000 sq ft of mixed use commercial space Purpose-built for performing arts, events, music showcases, or creative studios Multiple performance areas with AV hook-ups for audio/visual integration Spacious kitchen area with multiple freezers - ideal for launching a restaurant, cafe, or catering business Several private offices, dressing rooms, and bathrooms for staff and guests Dedicated employee restroom in the kitchen area Zoned B3-2, offering extensive flexibility for various business types Licensed as a Public Place of Amusement and Performing Arts Venue Residential Income Potential: Two fully equipped apartments on the second level. One 3bed 1.5bath & one 2bed 1bath. Combined rental income potential of $3,000+ per month Income can cover the mortgage, allowing your business to flourish without financial strain Whether you're a theater operator, restaurateur, creative collective, or investor seeking a cash-flow-positive property with deep community roots, this space delivers. With both commercial performance space and residential units, it's a rare blend of function, flexibility, and financial upside. Don't miss your chance to own a cornerstone of Chicago's creative scene with unmatched potential.

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Listing Snapshot
Price 
$479,000
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1937
MLS® Number 
12391562
Status 
Active
Property Tax 
$6,751.5
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Additional Property Use 
Commercial
Foundation 
Concrete Perimeter
Number Of Stories 
2
Property Sub Type 
Mixed Use
Utilities 
Electricity AvailableNatural Gas Available
Zoning 
COMMR
Interior Features
Cooling 
Central Air
Flooring 
Wood
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Exterior Features
Construction Details 
BrickConcrete
Roof 
Rubber
Community Features
MLS Area 
CHI - Austin
Listing Courtesy of MRED as distributed by MLS Grid of Blue Door Dave Inc



Based on information submitted to the MLS GRID as of 2025-07-01 10:26 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-07-01 10:26 PM UTC
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