707 CHESTNUT ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19106
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 25,374 sqft
Price per Sqft $118
MLS Listing ID PAPH2485058
Style Other
Abv Grd Liv Area 25,374
Year Built 1900
Annual Tax Amount $20,997
Tax Year 2025
Lot Size 4,984 Sqft
Acres 0.11
Lot Dimensions 28.00 x 178.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
On behalf of ownership, The TCS Group is pleased to present the exclusive opportunity to acquire the fee simple interest in 707 Chestnut Street — home to Jefferson Flats, a boutique collection of five well-appointed two-bedroom apartments located in the heart of Center City Philadelphia.
The property also features 4,200 square feet of prime ground-floor retail space, currently leased to an established restaurant operator with a newly extended lease. An additional 4,546 square feet of commercial space spans the second and third floors, offering flexible potential for various future uses.
This offering presents new ownership with a compelling value-add opportunity. With modest upgrades to the building's common areas and light cosmetic enhancements to the residential units, there is strong potential to increase rental income. Moreover, a strategic approach to activating and monetizing the upper-level commercial space can unlock significant additional cash flow for an incoming investor.
Location
State PA
County Philadelphia
Area 19106 (19106)
Zoning CMX5
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar,Block,Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881301105
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard