5235 Chestnut Street

Philadelphia, PA 19139

$5,100,000
Price
28,049 / 0.64
Lot Size / Acres

Description

Presenting 5235 Chestnut Street, an entitled development site for a transit-oriented, 204-unit multifamily development in the heart of West Philadelphia, located within a Qualified Opportunity Zone. This development will be a game-changer for this part of West Philadelphia, offering new apartment units in a high-demand area of the city, with easy access to transit and access to the historic 52nd Street Commercial Corridor, known as “West Philadelphia’s Main Street”. This exciting offering is a great...Presenting 5235 Chestnut Street, an entitled development site for a transit-oriented, 204-unit multifamily development in the heart of West Philadelphia, located within a Qualified Opportunity Zone. This development will be a game-changer for this part of West Philadelphia, offering new apartment units in a high-demand area of the city, with easy access to transit and access to the historic 52nd Street Commercial Corridor, known as “West Philadelphia’s Main Street”. This exciting offering is a great opportunity for developers and investors to build a first-class apartment development on a long-vacant parcel. This development is located within the Mixed Income Neighborhood Overlay, a zoning overlay that requires new construction residential projects to have 20% of units be rent restricted based on a set of specific criteria. This allows this project to be accessible to tenants of different income backgrounds and be a new development that contributes to housing affordability in the community. It also provides opportunities for a developer to pursue certain financial benefits/incentives, including low-income housing tax credits. The property comes with approved zoning permits and plans and is ready for the right builder to get started and bring this part of West Philadelphia into its next exciting chapter!
  1. Listed by Dennis J Carlisle • OCF Realty LLC - Philadelphia
    P: (215)-805-8620 dennis@ocfrealty.com

Property Details for 5235 Chestnut Street

Tax ID Number
885691640
Ownership
Fee Simple
HOA
No
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
No
Construction Completed
No
LISTING UPDATED: 10/17/2024 01:57 PM

Property Details for 5235 Chestnut Street

StatusActive
MLS #PAPH2410760
Days on Market36
Taxes$7,814 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Fee Simple
Year Built-
Lot Size0.64 AC
CountyPhiladelphia County

Building Information for 5235 Chestnut Street

Lot Size0.64 AC

Property Information for 5235 Chestnut Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 803408593408
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19139 (19139)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $78,300
  • Year Assessed: 2024
  • County Tax: $0
  • Improvement Assessed Value: $0
  • City Town Tax: $482
  • Clean Green Assessed: No
  • Land Use Code: RB
  • Zoning: CMX25
  • Tax Lot: 192
  • School Tax: $613
  • Automatically Update Tax Values Y/N: Yes
Lot / Land Information
Farm Information
  • Farm Land Preservation Y/N: No
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Features: Irregular
  • Current Use: Vacant
  • Parcel ID: 1413240
  • Additional Parcels: No
  • Ground Rent Exists: No
Utilities
Utilities
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 5235 Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5235 Chestnut Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sayre William L Middle School
Public9 to 12

The Workshop School
Public9 to 12

Parkway West
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

5235 Chestnut Street is a 0.64 ac of land for sale in Philadelphia, PA 19139. This property was listed for sale on October 17, 2024 by OCF Realty LLC - Philadelphia, it's currently listed at $5,100,000. This listing's school district is The School District of Philadelphia. Nearby schools include Global Leadership Academy Charter Southwest A, Sayre William L Middle School and The Workshop School. 5235 Chestnut Street is a 0-bed, 0-bath, 0.64 ac of land on a 28,049 sq. ft. / 0.64 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of OCF Realty LLC - Philadelphia

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.