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Property Attributes
- MLS#PAPH2361312
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19104
- NeighborhoodUniversity City
- Zip19104
- Style
- Taxes$ 5905
- Price$ 1,690,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.06 Acres
Data Source:
Bright MLS
Property Description
4206-08 Chestnut Street is an extremely rare development opportunity in a PRIME University City location. This site is the heart of University of Pennsylvania's campus and the Philadelphia Regions leader in Education, Science, and Innovation. Sites like this one are far and few between so act fast. Currently there are two building that would be demolished. One is a shell and the other one is in a decent condition. Development highlights include the possibility of 22 units by right with diverse unit mixture on 8 storeys building, around 23,350 sqft and CMX-4 zoning. Project includes : - Approved Demolition Permit - Environmental (Phase 1&2) - Approved properties Consolidation Permit - Zoning permit In the works - Proposed Floor Plans. Location, Location, Location - University City is home to some of the best educational and medical facilities in the world including Drexel, UPenn, St. Joes, Penn Medicine and the Childrens Hospital of Philadelphia (CHOP). The University City area boasts more than 85,000 jobs, 44% of all national institutes of health investments in the entire state, $1.85 billion in Research and Development expenditures among higher education institutions, a tripling of median home values over the past decade, and approximately 2.75 million square feet in development or under construction. Contact me for more informations about the current and future projects that happening in the immediate area. Offering Memorandum available upon request.
Price History | |
---|---|
6/3/2024 | Listed $1,690,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | None |
Cooling | None |
Possession | 0-30 Days CD |
Zoning | CMX-4 |
Architectural Style | Other |
Construction Materials | Other |
School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
Property SubType | Other |
Tax Year | 2022 |
Percent Ownership | Fee Simple |
Cool Fuel | None |
Accessibility | None |
County | PHILADELPHIA |
New Construction | Yes |
Property Type | Multi-Family |
Subdivision Name | UNIVERSITY CITY |
Garage Y/N | No |
Water Access Y/N | No |
Other Structures | Above Grade |
Status | ACTIVE |
Directions | Chetsnut st |
ModificationTimestamp | 2024-06-03T10:26:30 |
City | PHILADELPHIA |
Buyer Agent Compensation | 2.5 |
NumberOfUnitsTotal | 1 |
MLS Area | 19104 (19104) |
Lot Size Units | Square Feet |
Lot Size Square Feet | 2754.00 |
Tax Assessed Value | 1.0 |
Waterfront Y/N | No |
Tax Annual Amount | 5905.0 |
Property Condition | Excellent |
Structure Type | Other |
Price Per Sq Ft Total AG | 71.91 |
Acceptable Financing | Cash,Conventional |
Construction Completed Y/N | No |
Vacation Rental Y/N | No |
Total SQFT | 23500 |
Days on Market | 18 |
Standard Status | Active |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | None |
---|---|
Hot Water | None |
Central Air Y/N | No |
LivingAreaSource | Estimated |
Exterior Features
Pool | No Pool |
---|---|
Water Source | Public |
Type of Parking | None |
Water View Y/N | No |
Lot Size Acres | 0.06 |
Lot Size Source | Estimated |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool