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RebelR did a good job of describing what you should do, however, let me break it down for you in terms that you can better understand with the limited amount of information you provided about the layout of your basement. First, find out if those three pull chains are all daisy chained(connected), if they are find out where they're being fed from. It's going to be one of three sources:
a.) A junction box in the basement ceiling(highly likely)
b.) A receptacle/switch somewhere in the house(less likely)
c.) They're on their own circuit in the panel(even less likely)
Once you find out where they're being fed from disconnect the feed and remove that wire altogether from the light to the junction box. Then all you have to do is run a piece of 14/2 wire from the second switched light to the first pull chain(assuming all the pull chains are already connected) and all five of your lights will work off of that switch at the top of the stairs. Damn it, I just noticed you said the one is on with the water heater so now you have two feeds to disconnect.
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