$845,000

Estimated payment $5,450/month

Total Views 4,496
-- Bed
-- Bath
2,920 Sq Ft
$289 Price per Sq Ft

Highlights

  • Traditional Architecture
  • 4-minute walk to Lombard-South
  • 4-minute walk to Marian Anderson Recreation Center
  • Forced Air Heating and Cooling System

About This Home

Rarely offered, this 4-story brick-front building includes more than 2,900 sq. ft. of above-ground living and commercial/retail space, situated on one of the most desirable blocks of South Street. 1540 South St. offers a store on the main/street level, a 1-bedroom apartment on the second floor, and a bi-level 2-bedroom apartment on the third and fourth floors. The second-floor apartment has its own private balcony at the rear, and the bi-level apartment features a private deck. The store and both apartments are equipped with central air conditioning. The entire property is occupied by long-term tenants.

Note that the store has a private entrance, separate from the apartments. Even better, the store boasts a large bay window, ideal for display on the high-traffic 15th block of South Street. The store also offers high ceilings, a private office area, a powder room, and a small backyard. The property has a full basement, accessible from both the store and the street through Bilco doors.

The second-floor 1-bedroom apartment is bright, boasts hardwood floors, and includes a private balcony at the rear. The top bi-level 2-bedroom apartment is modern, bright, and boasts a skylight, hardwood floors, and a large private deck. Note that the roof, where some mechanicals are located, can be accessed via a pull-down stair.

This unique property was custom rehabbed in the 1980s by an architect who ensured that every part of the property receives ample daylight. This feature is even felt in the main staircase, which accesses the apartments and charms with an exposed brick wall. Even better, the property offers a generous amount of storage space in each unit.

Own a one-of-a-kind 4-story building right next to the historic Royal Theatre, surrounded by numerous restaurants, shops, and everything that Rittenhouse Square, Graduate Hospital, and Broad Street have to offer. Learn more about 1540 South St. today.

Listing Agent

Tony Salloum

Compass RE License #RS320883 Listed on: 03/09/2025

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,156

Year Built

  • Built in 1915

Lot Details

  • 1,088 Sq Ft Lot
  • Lot Dimensions are 16.00 x 68.00

Home Design

  • 2,920 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Stone Foundation
  • Masonry

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 319
  • Assessor Parcel Number 871134800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,156

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Remarks Public: Rarely offered, this 4-story brick-front building includes more than 2,900 sq. ft. of above-ground living and commercial/retail space, situated on one of the most desirable blocks of South Street. 1540 South St. offers a store on the main/street level, a 1-bedroom apartment on the second floor, and a bi-level 2-bedroom apartment on the third and fourth floors. The second-floor apartment has its own private balcony at the rear, and the bi-level apartment features a private deck. The store and both apartments are equipped with central air conditioning. The entire property is occupied by long-term tenants. Note that the store has a private entrance, separate from the apartments. Even better, the store boasts a large bay window, ideal for display on the high-traffic 15th block of South Street. The store also offers high ceilings, a private office area, a powder room, and a small backyard. The property has a full basement, accessible from both the store and the street through Bilco doors. The second-floor 1-bedroom apartment is bright, boasts hardwood floors, and includes a private balcony at the rear. The top bi-level 2-bedroom apartment is modern, bright, and boasts a skylight, hardwood floors, and a large private deck. Note that the roof, where some mechanicals are located, can be accessed via a pull-down stair. This unique property was custom rehabbed in the 1980s by an architect who ensured that every part of the property receives ample daylight. This feature is even felt in the main staircase, which accesses the apartments and charms with an exposed brick wall. Even better, the property offers a generous amount of storage space in each unit. Own a one-of-a-kind 4-story building right next to the historic Royal Theatre, surrounded by numerous restaurants, shops, and everything that Rittenhouse Square, Graduate Hospital, and Broad Street have to offer. Learn more about 1540 South St. today.
  • Special Features: None

Interior Features

  • Foundation Details: Stone
  • Total Sq Ft: 2920
  • Living Area Sq Ft: 2920
  • Price Per Sq Ft: 289.38
  • Above Grade Finished Sq Ft: 2920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1540

Exterior Features

  • Other Structures: Above 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
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: Y70
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.00 x 68.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1088.00
  • Year Assessed: 2024
  • Zoning: CMX2

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 5687.00
  • Tax Annual Amount: 10156.00
  • Assessor Parcel Number: 871134800
  • Tax Lot: 319
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,157 $815,400 $163,080 $652,320
2024 $10,157 $815,400 $163,080 $652,320
2023 $10,157 $725,600 $145,120 $580,480
2022 $10,157 $725,600 $145,120 $580,480
2021 $8,462 $0 $0 $0
2020 $8,462 $0 $0 $0
2019 $8,379 $0 $0 $0
2018 $0 $0 $0 $0
2017 $3,924 $0 $0 $0
2016 $3,924 $0 $0 $0
2015 $3,756 $0 $0 $0
2014 -- $280,300 $27,200 $253,100
2012 -- $46,848 $8,276 $38,572
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2025 03/09/25 For Sale $845,000 +25.2% $289 / Sq Ft
11/30/2015 11/30/15 Sold $675,000 +15.4% $232 / Sq Ft
10/31/2015 10/31/15 Pending -- -- --
10/23/2015 10/23/15 For Sale $585,000 -- $201 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $675,000 None Available
Source: Public Records

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Source: Bright MLS

MLS Number: PAPH2454866

Bright MLS

APN: 871134800