This small Wrigley-area theater (it seats about 70) is located in a building built in the '20s with a relatively high level of creature comfort- there's a second space to perform that seats up to 50 people called the Bucket. Since the troupe's founding in 1987, it's been home to the Live Bait Theater (so named because they wanted to "lure" and then "hook" the audience).

Past productions have included La Svengali, No More Peace!, Michelle Fitzsimmon's Sirens, Poetry Under the Lights and Paul Peditto's Buk: The Life And Times of Charles Bukowski.

Live Bait is currently (as of July 2009) leased to The Artistic Home.