1101 Chestnut St Reading, PA 19602
Southeast Community NeighborhoodEstimated payment $2,803/month
Total Views
44
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About This Home
Prime Investment Opportunity – 1101 Chestnut St, Reading, PA 19602. Unlock the potential of this versatile mixed-use commercial property located in the heart of Reading! Positioned on a high-visibility corner lot, 1101 Chestnut Street offers immediate income potential and long-term growth—an ideal opportunity for investors or owner-occupants. First Floor –Commercial Space (Vacant): Spacious and flexible layout, perfect for retail, office, or a service-based business. Features excellent street exposure and high foot traffic, making it an ideal spot for entrepreneurs looking to launch or expand. Second Floor Unit 1: 1 Bedroom, 1 Bathroom – A well-designed layout offering comfort and privacy. Unit 2: Studio Apartment – Cozy and efficient, perfect for a single tenant. Unit 3: 3 Bedrooms, 1 Bathroom – Spacious and versatile, ideal for small families or shared living. Each residential unit has a separate entrance, enhancing convenience and privacy for tenants. With a mix of residential rental income and a vacant commercial space ready for occupancy or leasing, this property delivers solid cash flow potential and flexibility. Don’t miss your chance to own a multi-use building in a growing area—schedule your private showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,767
Year Built
- Built in 1900
Lot Details
- 2,178 Sq Ft Lot
Parking
- 2 Car Attached Garage
- Rear-Facing Garage
Home Design
- Brick Exterior Construction
- Stucco
Utilities
- Electric Baseboard Heater
- Electric Water Heater
Additional Features
- Partially Finished Basement
Community Details
- 3 Units
Listing and Financial Details
- Tax Lot 1144
- Assessor Parcel Number 03-5316-21-19-1144
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,064 | $39,200 | $11,000 | $28,200 |
| 2024 | $1,741 | $39,200 | $11,000 | $28,200 |
| 2023 | $1,714 | $39,200 | $11,000 | $28,200 |
| 2022 | $1,714 | $39,200 | $11,000 | $28,200 |
| 2021 | $1,714 | $39,200 | $11,000 | $28,200 |
| 2020 | $1,696 | $39,200 | $11,000 | $28,200 |
| 2019 | $1,696 | $39,200 | $11,000 | $28,200 |
| 2018 | $1,696 | $39,200 | $11,000 | $28,200 |
| 2017 | $1,685 | $39,200 | $11,000 | $28,200 |
| 2016 | $963 | $39,200 | $11,000 | $28,200 |
| 2015 | $963 | $39,200 | $11,000 | $28,200 |
| 2014 | $886 | $39,200 | $11,000 | $28,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | For Sale | $475,000 | -- | -- |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $45,000 | Sentry Abstract Company | |
| Warranty Deed | $135,000 | Fidelity Natl Title Ins Co | |
| Deed | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $168,000 | New Conventional | |
| Previous Owner | $101,250 | Commercial | |
| Previous Owner | $25,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Reading, PA
Source: Bright MLS
MLS Number: PABK2058530
APN: 03-5316-21-19-1144
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