707 Chestnut Street

PHILADELPHIA, PA 19106

  • 0 Bed(s)
  • 0 Bath(s)
  • 25,374 Sqft
  • 4984
    Sqft(Lot)
$3,000,000

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. a valuable liquor license is also included in the sale.

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.

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    Other

  • AD ID

    50075779

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Central
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1900
    • Structure: Twin/Semi-Detached
    • New Construction: No
    • Total Units: 2
    • Built: 1900
    • Construction Material: Masonry
    • Foundation/Basement: Brick/Mortar,Block,Concrete Perimeter
    • Architecture: Other
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 4,984
    • Dimensions: 28.00 x 178.00
    • Lot Size (Acres): 0.11
    • Architectural Style: Other
    • Main Square Feet: 4,984

    Property Information

    • SQ ft: 25,374
    • SQ ft (Living Area): 25,374
    • Total Lot SQ ft: 4,984
    • Appx. Lot Dimensions: 28.00 x 178.00
    • Total Acreage: 0.11
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: 0-30 Days CD
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $20,997
    • Tax Year: 2025
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD

    Assessment Information

    • Taxes Assessment Amount: $1,500,000

  • Parking Information

    • Parking Type: None

    Homeowners Association Information

    • Direction: Please use GPS/Google Maps

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: Please use GPS/Google Maps
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BuyOwner last updated this listing 06/07/2025 @ 09:40

  • MLS: PAPH2485058
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 25,374 sqft, 4,984 sized lot, and 0 parking. are nearby neighborhoods.