# 5401 W Madison Street, Chicago, IL 60644

> **TL;DR:** commercial, $415,000, built 1937.
> A/C. Est. $1,798/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $415,000 |
| Year Built | 1937 |
| Lot Size | 6,752 sqft (0.16 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,798 |
| **Total** | **$1,798** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1937
- 0.15 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 5401 W Madison Street, Chicago, IL 60644
- **County:** Cook

## Listing Agent

- **Name:** Kirby Pearson
- **Brokerage:** Pearson Realty Group
- **Phone:** (773) 325-2800
- **Email:** kirby@pearsonrealtygroup.com

## Primary Photo

![5401 W Madison Street - Primary Photo](http://lh.rdcpix.com/5734e5fd63790e6265e3f02263c8278fl-f680979750r.jpg)

*14 total photos available on [listing page](https://www.propertysimple.com/listing/5401-w-madison-street-chicago-il-60644-12662521)*

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**MLS#:** 12662521 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/5401-w-madison-street-chicago-il-60644-12662521)

---

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