4228 Chestnut St
Philadelphia, PA 19104
Multifamily Property For Sale · 1 Unit

Incredible Redevelopment play CMX4 Zoning allows for a 8 to 9 unit new construction apartment building by right in this location. Can build up to 5 stories by right in this location or utilize as existing rental house for UPENN students. - Currently This is a 6 bedroom, 2 ½ bathroom house Tenant pays all utilities (water, heat, electricity, gas) Tenant maintains yards & sidewalks Location: The south side of Chestnut St. about 200 ft. west of 42nd. This Victorian era row home (built 1915) is just 2 blocks from the University of Pennsylvania, about 7 blocks from the University of Sciences in Philadelphia, right down the street (6 blocks) from Drexel University and right around the corner from the Restaurant School. Rated as A "Walkers' Paradise" by Walkscore.com Despite being over 100 years old, the house is in very good condition There is a whole-house fire alarm system and an optional central station-monitored burglar alarm. Much original woodwork remains including inlaid hardwood floors. Several rooms have decorative cornices on high ceilings. Windows are double- (& some are triple) insulated. Bedroom doors are fire-code rated natural birch. Modern tiled 2nd floor Bath Old fashioned claw tub in the 3rd floor bathroom. Half-bath on the first floor. The Huge Kitchen includes a oven, dishwasher, 2 refrigerators and range-top exhaust microwave. All bedrooms have full sized closets. Washer and drier and laundry sink. It has an oil-fired furnace with circulating hot water radiators, (no banging steam pipes!) and a 30 gallon gas water heater. No meter readers knock on your door! The electric meter is outside and the basement water & gas meters have radio-transponder meters (read from truck)