4942 CHESTNUT ST, Philadelphia, PA 19139
4942 CHESTNUT ST, Philadelphia, PA 19139
4942 CHESTNUT ST, Philadelphia, PA 19139
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Listed by Peter van der Vlugt • Compass Pennsylvania, LLC
$675,000
Est. payment /mo
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2,240 SqFt
New

4942 CHESTNUT ST Philadelphia, PA 19139

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Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,240 sqft

Price per Sqft $301

MLS Listing ID PAPH2674106

Style Traditional

Abv Grd Liv Area 2,240

Year Built 1925

Annual Tax Amount $2,659

Tax Year 2026

Lot Size 1,792 Sqft

Acres 0.04

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Turnkey, fully renovated and occupied University City quadplex offered at a 7.72% in-place cap rate! AND it has most of it's full 10-year tax abatement remaining! This property offers immediate income with additional upside through light value-add and rental optimization, without the need for a major renovation program.

Extensive building upgrades include a new roof and major building systems, along with updated interiors featuring hardwood flooring, modern finishes in all kitchens and baths, abundant natural light, and individually managed electric services. This three-story property includes four distinct units: a large bi-level 4BR/2BA with private outdoor space, a bright and open studio with bay windows, a spacious 1BR, and a 2BR with a private third-floor deck. A shared coin-operated basement laundry provides additional resident convenience and supplemental income potential.

Ideally located in University City with convenient access to Penn, Drexel, major medical institutions, public transportation, restaurants, retail, and neighborhood amenities. This is a rare opportunity to acquire a renovated, fully occupied multifamily asset with immediate cash flow and identifiable upside.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RM1

Rooms

Basement Improved

Interior

Hot Water Electric

Heating Forced Air

Cooling Ductless/Mini-Split, Central A/C

Inclusions All appliances, including refrigerators, dishwashers, washer, and dryer

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Stone

Above Ground Finished SqFt 2240

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 601019700

Ownership Fee Simple

SqFt Source 2240

Special Listing Condition Standard


Bright MLS (BMLS)

Nearby Locations

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4942 CHESTNUT ST