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About This Home
This 0-bedroom, 0-bathroom commercial at 5401 W Madison Street in Chicago, IL is listed for $415,000. Built in 1937, on a 0.16 acres lot.
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.
Key Features
- Built in 1937
- 0.15 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$2,220/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5401 W Madison Street
Chicago, IL 60644
Property Details
Flooring
Construction
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 5401 W Madison Street is listed at $415,000. The estimated monthly payment is $1,798 based on 20% down at 6.5% interest.
Key features include: Built in 1937, 0.15 acre lot, 2 stories.
This property is listed by Kirby Pearson and can be reached at (773) 325-2800 or kirby@pearsonrealtygroup.com.








