Residential Income
New
For Sale
$220,000
721 MCILVAIN STREET, Chester, PA 19013
The property includes an eat-in kitchen and a full, unfinished basement.
Property Size1,456 SF
Price / SF$151.10
Days on Market3
Property Features for 721 MCILVAIN STREET
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Duplex
Building Details
Year Built
1920
Listing Agency:
Foraker Realty Co.
(484) 406-3004
Listed By:
Sabri Thompson · License #RS0025652
(302) 561-1717
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 8:45PM
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 Foraker Realty Co.
Investment Insights
Based on property information with market context.
At 721 McIlvain Street in Chester, this 1,456-square-foot residential income property was built in 1920. Interior features include an eat-in kitchen, a full unfinished basement, and ceiling fans. Heating is electric baseboard, and the property has a gas water heater. A cooktop and refrigerator are also listed among the kitchen appliances.
The property is zoned RS-10, with on-street parking noted among its exterior features.
The property is zoned RS-10, with on-street parking noted among its exterior features.
Key Highlights
- 1,456 square feet of building area
- Built in 1920
- Zoned RS‑10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,596
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,920
$291.9K
Cap Rate 7%
$208,514
$208.5K
Cap Rate 9%
$162,178
$162.2K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$30.8K $21.12/SF
− Vacancy
−$4.2K −$2.89/SF
EGI
$26.5K $18.23/SF
− OpEx
−$11.9K −$8.20/SF
NOI
$14.6K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,920
Cap Rate 7%
$208,514
Cap Rate 9%
$162,178
Alternative Uses
Best Use
Apartment 5plus
$208.5K
$182.5K – $243.3K
NOI $14,596 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.4K
$386.3K – $515.0K
NOI $30,901 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
Business Placement
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The property includes an eat-in kitchen and a full, unfinished basement.
Where is this residential income property located?
The property is located at 721 MCILVAIN STREET Chester, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,456 square feet of building area; Built in 1920; Zoned RS‑10
