NOT LISTED FOR SALE

1422 Mckean St Philadelphia, PA 19145

South Philadelphia West Neighborhood

Estimated Value: $433,000 - $962,000

-- Bed
-- Bath
2,169 Sq Ft
$307/Sq Ft Est. Value

Last Sold January 18, 2024

Last sale price $1,100,000 $507 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $3,861/month

210 Days on Market

Highlights

  • Straight Thru Architecture
  • 2-minute walk to Snyder
  • 5-minute walk to Di Silvestro Playground
  • Forced Air Heating and Cooling System

About This Home

As of January 2024

Attention Investors: Welcome to 1422 McKean Street aka 1423 W Passyunk. This nearly 2,200 SF, 3 story building runs street to street and packs a ton of cash flow potential. The first floor is currently fit out for a commercial tenant with one half bath and basement space for additional storage. Above the commercial space lies one residential, bi-level unit. This unit is 3 bedrooms, one full, and one half bath. This property can be purchased stand-alone for $550,000 or as a package deal with 1420 McKean for $1,160,000.

Last Agent to Sell the Property

Connor Gorman

(215) 837-0403 connor@mccannteam.com KW Empower License #RS350708 Listed on: 05/08/2023

KW Empower

Last Buyer's Agent

Jien Fung

(267) 879-2641 philahouses@yahoo.com Mercury Real Estate Group License #RS292731

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,454

Year Built

  • Built in 1920

Lot Details

  • 1,137 Sq Ft Lot
  • Lot Dimensions are 15.00 x 76.00

Home Design

  • 2,169 Sq Ft Home
  • Triplex
  • Straight Thru Architecture
  • Brick Foundation
  • Masonry

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 150
  • Assessor Parcel Number 481101600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,454

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 2169
  • Living Area Sq Ft: 2169
  • Price Per Sq Ft: 258.18
  • Above Grade Finished Sq Ft: 2169
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 15.00 x 76.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1137.00
  • Zoning: CMX25

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2444.00
  • Tax Annual Amount: 4454.00
  • Assessor Parcel Number: 481101600
  • Tax Lot: 150
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Jan 18, 2024
Sold by
Goldstein Glenn Ira
Bought by
Golden Eagle Properties Management Llc
Seller's Agent
Connor Gorman
KW Empower
Buyer's Agent
Jien Fung
Mercury Real Estate Group
List Price
$550,000
Sold Price
$1,100,000
Premium/Discount to List
$550,000
100%
Views
105
Current Estimated Value
$665,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$434,667
Avg. Annual Appreciation
-24.61%
Original Mortgage
$825,000
Outstanding Balance
$810,563
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$145,230

Purchase Details

Closed on
May 26, 1989
Bought by
Goldstein Brenda and Goldstein Glenn
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Golden Eagle Properties Management Llc $1,100,000 Mercury Land Transfer
Goldstein Brenda $83,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golden Eagle Properties Management Llc $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2024 01/18/24 Sold $1,100,000 +96.4% $507 / Sq Ft
09/07/2023 09/07/23 Price Changed $560,000 +1.8% $258 / Sq Ft
05/08/2023 05/08/23 For Sale $550,000 -- $254 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $4,454 $354,500 $70,900 $283,600
2024 $4,454 $354,500 $70,900 $283,600
2023 $4,454 $318,200 $63,640 $254,560
2022 $4,454 $318,200 $63,640 $254,560
2021 $2,772 $0 $0 $0
2020 $2,772 $0 $0 $0
2019 $2,577 $0 $0 $0
2018 $1,764 $0 $0 $0
2017 $1,764 $0 $0 $0
2016 $1,764 $0 $0 $0
2015 $1,688 $0 $0 $0
2014 -- $126,000 $19,332 $106,668
2012 -- $23,136 $2,192 $20,944
Source: Public Records

Agents Affiliated with this Home

  • Connor Gorman

    Seller's Agent in 2024

    Connor Gorman

    KW Empower

    (215) 837-0403

    4 in this area

    103 Total Sales

    Connor Gorman
    Section Image
  • Jien Fung

    Buyer's Agent in 2024

    Jien Fung

    Mercury Real Estate Group

    (267) 879-2641

    33 in this area

    112 Total Sales

    Jien Fung
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2233454

Bright MLS

APN: 481101600

Pennsylvania Philadelphia County Philadelphia 19145 South Philadelphia West

1422 Mckean St, Philadelphia, PA

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