New Listing

Listing Tools

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.

Property Details of 5401 West Madison Street

Property Details

Interior Features

Exterior Features

Other Details

Map Location

Driving Directions

Listed by Kirby Pearson of Pearson Realty Group

Based on information submitted to MRED  as of June 3, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from 4 Sale Realty Advantage, LLC. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.