1327-1331 W Chew St Allentown, PA 18102
Center City NeighborhoodEstimated payment $20,024/month
Highlights
- 0.14 Acre Lot
- Heating System Uses Steam
- 3-minute walk to Franklin Park
About This Home
1327-1331 W Chew St is a 48-bed mixed-use asset in Allentown, PA.1327–1331 W Chew Street is comprised of 48 bedrooms and nine bathrooms. The property includes a commercial lease for the ground-floor bar/restaurant space, offering stable income at $3,500 per month. The tenant is responsible for 100 percent of the common area maintenance. Importantly, the lease contains a clause requiring the liquor license to revert to the landlord for $1.00 at lease expiration, preserving long-term asset value.The property holds a Pennsylvania Hotel Liquor License (H License), which permits alcohol sales tied to lodging but carries room-count requirements and limited flexibility. Under Act 125, qualifying H licenses with a room exemption filed before January 1, 2019, may be converted into a more valuable and transferable Restaurant Liquor License (R License) through the PLCB+ system for a $30,000 fee. R licenses offer broader use, fewer restrictions, and greater market appeal to bars and restaurants. If eligible and in good standing, the conversion is administrative and typically completes within a few months. This upgrade can significantly enhance the property's income potential, tenant options, and overall asset value.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,062
Year Built
- Built in 1900
Lot Details
- 6,229 Sq Ft Lot
- Lot Dimensions are 52.00 x 120.00
Parking
- On-Street Parking
Home Design
- 12,900 Sq Ft Home
- Brick Exterior Construction
- Masonry
Utilities
- Heating System Uses Steam
- Natural Gas Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot 072
- Assessor Parcel Number 549760756721-00001
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/16/2025 06/16/25 | For Sale | $3,300,000 | -- | $256 / Sq Ft |
Source: Bright MLS
MLS Number: PALH2012352

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