Skip To Content

241-43 Chestnut Street , D

PHILADELPHIA, PA 19106
  • $1,149,000
  • STATUS: Active
  • ON SITE: 123 days
  • ID#: PAPH999570
UPDATED: 69 min ago
$1,149,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,021
    SQFT
  • $380
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1900
County:

School Ratings & Info

Description

Rarely does an opportunity present itself to build your dream home in the middle of the most historic neighborhood in the country. Presently unfinished, this spacious bi-level home has over 3,000 sf of interior space, and an enormous 575 sf outdoor terrace with hot tub and pergola. Visitors exiting from the elevator directly into the unit will be immediately awed by soaring ceilings, huge windows with magnificent views, original brick throughout, and a loft style second floor. There is great potential here for the most discerning owner occupants and investors. The buyer can easily rebuild this unit as an extremely spacious 2-bedroom, 2.5-bathroom residence by simply reinstalling framing in accordance with existing drawings +GG or reconfigure it as a 3-bedroom home. This historic building has just undergone a complete $4.5 million gut-renovation. Upgrades and replacements too numerous to describe include a new roof, new steel bracing, new modern elevator, new gas lines, new HVAC lines, new major plumbing, new major electric, other new mechanicals, new security, fire alarm and sprinkler systems, a new lobby and all other common areas completely redone. There is virtually nothing left from the original building constructed in 1847 but the unique character of its historic brick exterior. Positioned directly across from the Museum of the American Revolution and amidst national parks and landmarks, you are within short walking distance to Independence Hall, Penn's Landing, The Liberty Bell, nationally acclaimed restaurants like Zahav, Morimoto, Amada and Buddakan and dozens of other well-known gourmet restaurants, in a terrific school district, and surrounded by trendy boutiques and galleries. The soon to come I-95 +G+Over-cap Park+G- will be just two blocks away. In another unique opportunity, this unit may be combined with the adjacent Unit C, a 2,200+ sf loft with 2 bedrooms and 2 bathrooms, which is also for sale, and can be easily joined with this Unit D through a shared wall. Use Unit C as a large and luxurious in-law suite or to enlarge Unit D into a magnificent 5,200+ sf residence with 4-6 bedrooms and 5-6 bathrooms. Carrying costs for any buyer will be very low for a long time. Because everything in the building is brand new, it has no deferred maintenance and extremely low condo fees. Taxes have been reduced to only $1,500 per year (!) due to the building overhaul, and the buyer will enjoy a full 10-year tax abatement if renovations begin in 2021.

Monthly Payment Calculator



©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-08-02T13:54:39.95.
www.seeinsidethehouse.com/homes/115620845
Print Image

241-43 Chestnut Street , D PHILADELPHIA, PA 19106

  • Price: $1,149,000
  • Status: Active
  • Updated: 69 min ago
  • ID#: PAPH999570
3
Beds
3
Baths
0
½ Baths
N/A
Acres
3,021
SQFT
$380
$/SQFT
1900
Built
Neighborhood:
Old City
County:
Philadelphia
Area:
19106 (19106)
School District:
The School District Of Philadelphia
Property Description
Rarely does an opportunity present itself to build your dream home in the middle of the most historic neighborhood in the country. Presently unfinished, this spacious bi-level home has over 3,000 sf of interior space, and an enormous 575 sf outdoor terrace with hot tub and pergola. Visitors exiting from the elevator directly into the unit will be immediately awed by soaring ceilings, huge windows with magnificent views, original brick throughout, and a loft style second floor. There is great potential here for the most discerning owner occupants and investors. The buyer can easily rebuild this unit as an extremely spacious 2-bedroom, 2.5-bathroom residence by simply reinstalling framing in accordance with existing drawings +GG or reconfigure it as a 3-bedroom home. This historic building has just undergone a complete $4.5 million gut-renovation. Upgrades and replacements too numerous to describe include a new roof, new steel bracing, new modern elevator, new gas lines, new HVAC lines, new major plumbing, new major electric, other new mechanicals, new security, fire alarm and sprinkler systems, a new lobby and all other common areas completely redone. There is virtually nothing left from the original building constructed in 1847 but the unique character of its historic brick exterior. Positioned directly across from the Museum of the American Revolution and amidst national parks and landmarks, you are within short walking distance to Independence Hall, Penn's Landing, The Liberty Bell, nationally acclaimed restaurants like Zahav, Morimoto, Amada and Buddakan and dozens of other well-known gourmet restaurants, in a terrific school district, and surrounded by trendy boutiques and galleries. The soon to come I-95 +G+Over-cap Park+G- will be just two blocks away. In another unique opportunity, this unit may be combined with the adjacent Unit C, a 2,200+ sf loft with 2 bedrooms and 2 bathrooms, which is also for sale, and can be easily joined with this Unit D through a shared wall. Use Unit C as a large and luxurious in-law suite or to enlarge Unit D into a magnificent 5,200+ sf residence with 4-6 bedrooms and 5-6 bathrooms. Carrying costs for any buyer will be very low for a long time. Because everything in the building is brand new, it has no deferred maintenance and extremely low condo fees. Taxes have been reduced to only $1,500 per year (!) due to the building overhaul, and the buyer will enjoy a full 10-year tax abatement if renovations begin in 2021.
Exterior Features

Architectural Style Bi-Level Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Patio And Porch Features Terrace Pool No Pool Riparian Rights YN No Unit Building Type Garden 1 - 4 Floors Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3021 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Forced Air Heating YN Yes Levels 2 Main Level Bedrooms 3

Property Features

Accessibility Features None Assessment Year 2021 Association Amenities None Association Fee Includes None Association Fee2 0.00 Association Fee2 Frequency Monthly Association YN No Central Air YN Yes Condo YN Yes Cooling Fuel Electric Entry Level 1 Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 304527393824 Ownership Interest Condominium Possession Settlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Unit/Flat/Apartment Tax Annual Amount 1510.00 Tax Assessment Amount 107900.00 Tax Lot 154 Vacation Rental YN No Water Source Public Zoning Cmx3

Listing courtesy of Bhhs Fox & Roach-Center City Walnut.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-08-02T13:54:39.95.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_2_304527393824-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_2_304527393824-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_2_304527393824-2.jpg
Logo
Keller Williams Real Estate
6 State Route 173, Suite 202
Clinton NJ, 08809