5401 W Madison Street
Chicago, IL, 60644
$415,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12662521 image #0
Unique Investment Opportunity: Iconic ESO Theater Property For Sale 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. Open commercial space and residential units, it’s a rare blend of function, flexibility, and financial upside. Don’t miss your chance to own a cornerstone building with unmatched potential.

Property Details

Price:
$415,000
MLS #:
MRD12662521
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chiaustin
Listed Date:
May 31, 2026
Year Built:
1937
Chi – AustinChiaustin

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Schools

Interior

Cooling
Central Air
Flooring
Wood

Exterior

Construction Materials
Brick, Concrete
Roof
Rubber
Stories
2

Financial

Tax Year
2023
Taxes
$6,752

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Jun 10, 2026
920
Commercial Listed
185
Avg DOM
$997,419
Avg List Price

Property Summary

    5401 W Madison Street Chicago IL is a Commercial for sale in Chicago, IL, 60644. It is listed for $415,000

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