5401 W Madison ST Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60644
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12391562
Year Built 1937
Annual Tax Amount $6,751
Tax Year 2023
Property Sub-Type Mixed Use
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.
Location
State IL
County Cook
Area Chi - Austin
Zoning COMMR
Interior
Cooling Central Air
Flooring Wood
Exterior
Utilities Available Electricity Available,Natural Gas Available
Roof Type Rubber
Building
Dwelling Type Mixed Use
Structure Type Brick,Concrete