4441 Chestnut StPhiladelphia, PA 19104

Property Details for 4441 Chestnut St

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

3,204 SF

Zone code

CMX2

Property type

Apartment buildings

APN

88-1-6119-18

APU

881611918

Description

This exceptional mixed-use property at 4441 Chestnut Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. The building, constructed in 1915, boasts 3,400 square feet across four stories and sits on a 0.4-acre lot. Zoned CMX-2, it offers flexibility for a variety of uses, including creative office, medical office, and traditional office spaces. Currently configured as a mixed-use building, it includes five leased apartment units (a mix of studios, one-bedroom, and two-bedroom units) and one leased ground floor retail space. The strong rental occupancy history demonstrates consistent income generation, providing a solid foundation for future growth. The asking price for this individual building is $995,000. The building is available for occupancy on October 24, 2024. This property offers a compelling value-add component for a savvy investor seeking a well-located, income-producing asset in a vibrant Philadelphia neighborhood. The building's history and location in the desirable 19104 zip code contribute to its significant appeal. This is a for-sale-by-owner opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,118,718

  6.5%

  $1,032,662

  7%

  $958,901

• Comparable approach

  Method

  Valuation

  Relative Method

  $648,884

  Geo Method

  $648,884

• Alternative Use

  Use

  Valuation

  Residential

  $1,032,662

  Hospitality

  $945,913

  Educational

  $786,989

  Medical

  $814,054

  Retail

  $1,224,205

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.957

Longitude

-75.211

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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