Renovated Residential Income
For Sale
$215,000
2101 CHESTNUT STREET Unit 303, Philadelphia, PA 19103
Corner residence with renovated kitchen, city views, and building amenities in Rittenhouse Square.
Property Size618 SF
Days on Market20
Property Features for 2101 CHESTNUT STREET Unit 303
General Information
Standard status
Active
Size
618 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,588
Building Details
Building Size
618 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
(215) 695-5042
Listed By:
Andy Oei · License #RS302287
(215) 695-5042
Source:
Patmckennarealtors
Added: Jul 16
Changed: Aug 4
Last Checked: Aug 4 at 3:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
Unit 303 is a renovated corner residence at RiverWest with multiple exposures, abundant natural light, and sweeping city views. The interior includes wide-plank flooring, separate living and dining areas, and a new kitchen with pantry storage, quartz countertops, stainless steel appliances, and a dishwasher. The bedroom features dual exposures and a custom double-door closet system with built-in shelving and drawers. A remodeled bathroom completes the residence with marble-look porcelain tile, a frameless glass walk-in shower, chrome fixtures, and a storage-equipped vanity.
Association fees cover gas, water, electricity, building insurance, and on-site maintenance. Residents also have access to a fitness center and a 24-hour lobby attendant. The pet-friendly property is in Rittenhouse Square, near restaurants, boutique shopping, cultural institutions, major hospitals, the campuses of Penn and Drexel, and 30th Street Station. The building was constructed in 1900.
Association fees cover gas, water, electricity, building insurance, and on-site maintenance. Residents also have access to a fitness center and a 24-hour lobby attendant. The pet-friendly property is in Rittenhouse Square, near restaurants, boutique shopping, cultural institutions, major hospitals, the campuses of Penn and Drexel, and 30th Street Station. The building was constructed in 1900.
Key Highlights
- Renovated corner residence with multiple exposures and sweeping city views
- New kitchen with quartz countertops, stainless steel appliances, pantry storage, and dishwasher
- Bedroom includes dual exposures and a custom double‑door closet system
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.8k | $30.36 |
| − Vacancy | −$1.1k | −$1.76 |
| EGI | $17.7k | $28.60 |
| − OpEx | −$8.0k | −$12.87 |
| NOI | $9.7k | $15.73 |
618 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$138.9K
$121.5K – $162.0K
NOI $9,721 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$150.7K
$131.8K – $175.8K
NOI $10,546 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with renovated kitchen, city views, and building amenities in Rittenhouse Square.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 303 Philadelphia, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Renovated corner residence with multiple exposures and sweeping city views; New kitchen with quartz countertops, stainless steel appliances, pantry storage, and dishwasher; Bedroom includes dual exposures and a custom double‑door closet system
