$3,950,000

1805 Chestnut St Philadelphia, PA 19103

Center City West Neighborhood

Estimated payment $22,435/month

Total Views 2,747
-- Bed
-- Bath
5,000 Sq Ft
$790 Price per Sq Ft

Highlights

  • Terrace
  • 3-minute walk to 19Th Street
  • 2-minute walk to John F. Collins Park
  • Central Heating and Cooling System

About This Home

Investment opportunity with excellent passive income that has been tastefully renovated and well maintained. A multi-unit building in prime Rittenhouse Square, Philadelphia zoned CMX5. Fully occupied with 4 apartments and one flagship retail tenant who has approximately nine years remaining on a recently extended lease.

Total Operating Revenue Annually:$251,032

Total Operating Expenses Annually: $49,103

Total NET OPERATING INCOME: $201,930

Listing Agent

Brett Caspi

(516) 633-6106 brett.caspi@foxroach.com Compass RE License #RSR003269 Listed on: 06/18/2025

Compass RE

Co-Listing Agent

Bruno Pouget

(215) 990-9525 bruno.pouget@foxroach.com Compass RE License #AB068095

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,901

Year Built

  • Built in 1900 | Remodeled in 2024

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20.00 x 100.00

Home Design

  • 5,000 Sq Ft Home
  • Quadruplex
  • Masonry

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater
  • No Septic System

Additional Features

  • Doors are 32 inches wide or more
  • Terrace

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 871004650

Community Details

Overview

  • 4 Units
  • 4-Story Building

Building Details

  • Operating Expense $49,103
  • Net Operating Income $201,930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,901

Year Built

Built in 1900 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Over Storefront
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Year Renovated: 2024
  • Remarks Public: Investment opportunity with excellent passive income that has been tastefully renovated and well maintained. A multi-unit building in prime Rittenhouse Square, Philadelphia zoned CMX5. Fully occupied with 4 apartments and one flagship retail tenant who has approximately nine years remaining on a recently extended lease. Total Operating Revenue Annually:$251,032 Total Operating Expenses Annually: $49,103 Total NET OPERATING INCOME: $201,930
  • Special Features: NewHome

Interior Features

  • Total Sq Ft: 5000
  • Living Area Sq Ft: 5000
  • Price Per Sq Ft: 790.00
  • Above Grade Finished Sq Ft: 5000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1805

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
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: No Septic System
  • 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: 0.05
  • Lot Dimensions: 20.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2000.00
  • Outdoor Living Structures: Terrace, Roof
  • Year Assessed: 2025
  • Zoning: CMX5

Rental Info

  • Total Actual Rent: 251032.00
  • Vacation Rental: No

Tax Info

  • School Tax: 10585.00
  • Tax Annual Amount: 18901.00
  • Assessor Parcel Number: 871004650
  • Tax Lot: 27
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Operating Expense: 49103.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

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 $20,706 $1,350,300 $270,060 $1,080,240
2024 $20,706 $1,350,300 $270,060 $1,080,240
2023 $20,706 $1,479,200 $295,840 $1,183,360
2022 $16,613 $1,479,200 $295,840 $1,183,360
2021 $16,613 $0 $0 $0
2020 $16,613 $0 $0 $0
2019 $16,449 $0 $0 $0
2018 $15,970 $0 $0 $0
2017 $19,093 $0 $0 $0
2016 $19,093 $0 $0 $0
2015 $18,278 $0 $0 $0
2014 -- $1,364,000 $400,000 $964,000
2012 -- $134,400 $64,000 $70,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $3,950,000 -- $790 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $2,235,000 None Available
Deed $427,500 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,565,000 Commercial
Previous Owner $870,000 Future Advance Clause Open End Mortgage
Previous Owner $600,000 Commercial
Previous Owner $337,500 Commercial
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2495850

Bright MLS

APN: 871004650

Pennsylvania Philadelphia County Philadelphia 19103 Center City West

1805 Chestnut St, Philadelphia, PA

This home is located at 1805 Chestnut St, Philadelphia, PA 19103 and is currently priced at $3,950,000, approximately $790 per square foot. This property was built in 1900. 1805 Chestnut St is a home located in Philadelphia County with nearby schools including Albert M Greenfield School, Benjamin Franklin High School, and Russell Byers Charter School.

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Brett Caspi
Listing Agent
Brett Caspi
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Compass RE
(516) 633-6106