The family that made the three "The Matrix" movies and several others, including "V for Vendetta" and "Jupiter Ascending," is closing the Ravenswood Avenue office they have operated out of for more than a decade.

The asking price is just under $5 million for the 21,500-square-foot building. That's "way below" what the family invested in the purchase and subsequent renovation, said Karin Wachowski, an executive in the family firm, Kinowerks.

The facility has been Lilly and Lana Wachowski's base while making the movies "Speed Racer" (2008), "Cloud Atlas" (2012) and "Jupiter Ascending" (2015) and the Netflix series "Sense 8" (2015 through 2018). Filming itself generally is in Berlin, she said, but because the productions rely heavily on visual effects, "a lot of what you see (on screen) happened here" in the building.

The low-slung brick-and-limestone industrial building, which will be listed next week, represented by Brad Lippitz of Compass, has many green features, including solar panels and a planted green roof, countertops and flooring made of recycled materials, extensive use of skylights and a plug-in station for electric cars.

The interior includes conference rooms, workspace for about 45 people, a 36-person theater, a half-court indoor basketball gym, an employee kitchen set up for catering large events, a massage room and a street-facing loading dock.

In the main hallway's display cases, made of recycled plastic, stand props from several of the Wachowskis' productions and the four Oscars that the first "The Matrix" movie won in 2000.

In a statement, Lana Wachowski said, "Lilly and I have always tried to build family wherever we worked, and for years this building has been that family's home."

In about 2007, Lana and Lilly Wachowski, siblings and Chicago natives, converted the west Andersonville building into a facility for writing and pre- and post-production work, said Karin Wachowski, who is Lana's wife. (The public-records site showing what they paid for the property is not functioning.)

Working with architect William Ketcham, a principal in the Chicago office of Stantec, formerly known as VOA, Lana and Lilly Wachowski "wanted the building to be as green as they could make it," said Dave Walsh, the building manager. That included installing an advanced water reuse and filtration system, skylights that run the length of the building and a pneumatic elevator.

"This has been a dream space for us," said Karin Wachowski. With the end of production on "Sense 8" and no new productions scheduled, the family decided to close the facility, she said.

While movie props that are now in the space, including a giant "squiddy," or sentinel, from "The Matrix" that sits over the hallway, do not transfer to a new owner, a few references to the Wachowskis' best-known film are built into the finishes. The "dripping code," or strands of numbers, that roll down the movie screen to represent the virtual-reality environment of "The Matrix," was the model for the dot pattern on custom-built light fixtures in the conference room and in the wall panels of the basketball court, Karin Wachowski said.

The studio has operated quietly in Chicago—a sign outside identifies it only as Kinowerks—but several big-name performers have passed through the building because of Wachowski productions. Among them are Tom Hanks, Susan Sarandon, Halle Berry, Hugh Grant, Kevin Bacon, Laverne Cox and Sam Smith, according to a list Kinowerks prepared for Crain's.