New Construction
Listed By:
Compass Pennsylvania, LLC
Address
4206-08 Chestnut, Philadelphia, PA
Price
$ 1,690,000
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

Property vs Multi-Family Average in 19104

Price
AVG $720K
$1.69M
Taxes
AVG $3,488
$5,905
Visits
AVG 340
189
Data Provided by Inside Real Estate®

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Download iOS Download Android

Your Agent

Sean Perkins

Sean Perkins

REALTOR® BROKER

443-998-9213

Areas We Cover

Show More...