Property summary
This exceptional mixed-use property, located at 4443 Chestnut Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. Built in 1915, this four-story building sits on a 0.04-acre lot and is zoned CMX-2. Currently configured as a mixed-use building, it features five leased apartment units, a mix of studios, one-bedroom, and two-bedroom units, and one vacant ground floor retail space. The building boasts a strong rental occupancy history, offering immediate cash flow for the new owner. The asking price for this individual building is $695,000. This property is also part of a larger portfolio (4441-4445 Chestnut Street) available for purchase at $2,300,000. The vacant retail space presents a significant value-add component, allowing for a potential user-buyer scenario where a tenant could occupy the retail space and own the building. This prime location in Philadelphia's vibrant Chestnut Street corridor offers exceptional potential for both rental income and future appreciation. The property's historical charm combined with its modern-day functionality makes it an attractive investment for discerning buyers seeking a strong return on investment in a desirable urban setting. This is a for-sale-by-owner opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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Hotel & Motel Vacation Rental
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Vehicle Inspection Center
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Electrical Service General Contractor
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Auto Repair Shop
Value estimations
Owner & transaction history
Zoning & alternative use
CMX-2 Neighborhood Commercial Mixed-Use-2 C-2 RC-1 RC-2 OC CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CMX2 · Philadelphia, PACMX-2 Neighborhood Commercial Mixed-Use-2 C-2 RC-1 RC-2 OC CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMX2 in Philadelphia, PA.
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