5401 W Madison Street, Chicago, IL 60644
Commercial Property 
Built in 1937 
6,970sqft lot
—— car garage 
$——/sqft 
Listed 23 days ago
Property Description
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.
- Listing Status:
- Active
- Listing Office:
- Blue Door Dave Inc : 773-301-7966
- Listing Agent:
- David Thomas : 773-301-7966
- MLS ID:
- 12391562
- Flooring: Wood
- A/C: Central Air
This listing courtesy of David Thomas, Blue Door Dave Inc
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Catalyst Charter-Circle Rock Elementary School
5608 W Washington Blvd, Chicago, IL, 60644
Grades KG-8
0.31 miles away
Catalyst Charter-Circle Rock Elementary School
5608 W Washington Blvd, Chicago, IL, 60644
Grades KG-8
0.31 miles away
Austin College and Career Academy High School
231 N Pine Ave, Chicago, IL, 60644
Grades 9-12
0.39 miles away
