5401 West Madison Street, Chicago, IL

$479,000

Previous Next

About 5401 West Madison Street

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.

Features of 5401 West Madison Street

MLS® # 12391562
Price $479,000
Bathrooms 0.00
Acres 0.00
Year Built 1937
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 5401 West Madison Street
Area CHI - Austin
City Chicago
County Cook
State IL
Zip Code 60644

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Brick, Concrete
Roof Rubber
Foundation Concrete Perimeter

Additional Information

Days on Market 111
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBlue Door Dave Inc
Contact Info312-344-1487

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?