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4206-4208 Chestnut St 23 Unit Apartment Building $1,200,000 ($52,174/Unit) Philadelphia, PA 19104
Investment Highlights
- Development Site in University City: Shovel Ready Construction Project on Chestnut Street Just Off 42nd Street
- Access to Public Transit & Highways: Bus, Trolley, Light Rail and Regional Rail; Proximity to Interstates 76 and 676
- Eds & Meds Tenant Base: Proximity to University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University Science Center
- Abundant Neighborhood Amenities: Popular Cafes, Bars, Restaurants; Aldi, Acme and Grocery Outlet
Executive Summary
Global Real Estate Advisors (GREA) extends to qualified investors the opportunity to acquire the fee simple interest in 4206-4208 Chestnut Street, a 2,754± square foot development site in the University City section of Philadelphia. Zoned CMX-4, the site offers new ownership with the opportunity to develop 23 residential units “by right” with a diverse unit mix to attract the growing “eds and meds” tenant base.
4206 Chestnut features an extremely walkable location (96 Score) in the Spruce Hill section of University City. Penn Presbyterian Medical Center and the Science Center (±15-minute walk), Drexel’s Vidas Athletic Complex and Fields (±8-minute walk), and the University of Pennsylvania, Drexel University, St. Joseph’s University, and the Penn Medicine and Children’s Hospital of Philadelphia complexes (±25-minute walk or ±10-minute bike ride) are all in proximity. Further, SEPTA’s Market-Frankford Line is accessible via 40th Street or 46th Street Stations, and a bus stop is within steps from the site.
4206 Chestnut features an extremely walkable location (96 Score) in the Spruce Hill section of University City. Penn Presbyterian Medical Center and the Science Center (±15-minute walk), Drexel’s Vidas Athletic Complex and Fields (±8-minute walk), and the University of Pennsylvania, Drexel University, St. Joseph’s University, and the Penn Medicine and Children’s Hospital of Philadelphia complexes (±25-minute walk or ±10-minute bike ride) are all in proximity. Further, SEPTA’s Market-Frankford Line is accessible via 40th Street or 46th Street Stations, and a bus stop is within steps from the site.
Property Facts
| Price | $1,200,000 | Apartment Style | Townhome |
| Price Per Unit | $52,174 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 23 | Building Size | 19,288 SF |
| Property Type | Multifamily | No. Stories | 8 |
| Property Subtype | Apartment | Year Built | 2026 |
| Zoning | CMX-4 - Mixed-use development, including a broad range of non-residential uses, in the Center City area | ||
| Price | $1,200,000 |
| Price Per Unit | $52,174 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 19,288 SF |
| No. Stories | 8 |
| Year Built | 2026 |
| Zoning | CMX-4 - Mixed-use development, including a broad range of non-residential uses, in the Center City area |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $618,740 | |
| Land Assessment | $154,660 | Total Assessment | $773,400 |
Property Taxes
Parcel Numbers
Land Assessment
$154,660
Improvements Assessment
$618,740
Total Assessment
$773,400
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