I second Rascal; my mom introduced us to that book as a favorite from her childhood, and it is what got us started with family read alounds several years ago when my oldest was 5, turning 6. Our whole family liked it. Also, have you considered Farmer Boy by Laura Ingalls Wilder? Jo’s Boys, by Louisa May Alcott might be another good one for you. Henry and Ribsy by Beverly Cleary, Mountain Born by Elizabeth Yates, Homer Price by Robert McLcoskey (nice, short stories as chapters, kind of like you described above) and The Year of Miss Agnes by Kirkpatrick Hill have all been hits at my house. And I have to also second any of the Narnia books-we’ve been through almost all of them together, and I read them personally every year. They’re especially condusive to drawing while listening-my 7yo’s drawing of the Dawn Treader was awesome-CS Lewis is so descriptive and engaging.
Boy, you’ve really come to the right place for book suggestions, we’re all bibliophiles here!!
BTW, I have girls; I missed if you have boys or girls or both, but these all appealed to both of them, and my husband ;o)
LillyLou