Along with Doc Films at the University of Chicago and the Block Museum of Northwestern University, the Film Center is one of Chicago's key revival houses, and hosts at least one major retrospective per month.

Amongst other things, this means the Film Center maintains a year-round staff and does not cease operation when The School of the Art Institute closes for semester breaks.

The current location is directly across the street from the Chicago Theatre and directly south of the ABC Building (itself formerly the Balaban and Katz-ran State–Lake Theater), where Siskel & Ebert and successor series Ebert & Roeper recorded weekly from 1996 until 2008.

Its current facilities, which consist of two theaters capable of projecting most formats, are considered state-of-the-art.

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