NOT LISTED FOR SALE

Estimated Value: $265,000 - $444,239

-- Bed
3 Baths
3,045 Sq Ft
$117/Sq Ft Est. Value

Last Sold April 23, 2024

Last sale price $397,000 $130 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $2,086/month

8 Days on Market

Highlights

  • Wood Flooring
  • Stainless Steel Appliances
  • Bathtub with Shower
  • Upgraded Countertops
  • Walk-In Closet
  • Central Air

About This Home

As of April 2024

It is my pleasure to present to you, the investment opportunity of the year. 1915 W Chew Avenue is a 3 unit unicorn, featuring 6 generous bedrooms (2-bedrooms per unit), 3 full bathrooms (1 bath per unit, 2 tub showers), 3 den spaces, 3 spacious living rooms and 3 full kitchens on a 2,683 sq ft lot in the heart of the LaSalle University neighborhood. The renovations speak for itself. Each unit has its own separate entrance, allowing for complete privacy from your shared neighbors. Walking into the living room space of Units A and B, and the bedroom in unit C, you’re captured by the exclusive paneling on the accent walls, bringing an edgy-modern feel that’s only produced from proper craftsmanship. The accent detailing extends to the kitchen areas, which also feature new stainless steel appliances, new cabinetry, new countertops and a stacked washer/dryer. This Triplex has it all! Take note of the large amount of functional storage space in the kitchens and throughout each apartment, as multiple closets provide additional storage for the bedrooms, bathrooms and common areas. Units A and B feature a ceiling fan in every room including the kitchen to keep the air flowing on those humid summer days, and Unit C offers residents with Central A/C. This is the perfect turn-key investment for any new or seasoned property investor looking to reward their portfolio.

The property is currently operational and generating revenue, as Unit C is leased and the resident is aware of a potential transfer in ownership and is willing to renegotiate lease terms if necessary. When fully occupied the units in total generate $60,000 gross annually. In addition to the proximity to the neighboring schools LaSalle University and Central High School, you also have a supermarket, Broad-Olney public transportation center, Kemble and Wister’s Wood park, Jefferson Einstein Hospital and local favorite restaurants all within a 4 mile radius. Convenience at its finest, a renovated triplex, an elevated aesthetic and an income producing opportunity you’re unlikely to come across again.

Last Agent to Sell the Property

Pharr Bowser

(215) 514-9094 pharr.bowser@foxroach.com BHHS Fox & Roach At the Harper, Rittenhouse Square License #RS368547 Listed on: 03/17/2024

BHHS Fox & Roach At the Harper, Rittenhouse Square

Last Buyer's Agent

Esther Cohen-Eskin

(484) 571-7350 esther.coheneskin@compass.com Compass RE

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,666

Year Built

  • Built in 1937 | Remodeled in 2024

Lot Details

  • 2,683 Sq Ft Lot
  • Lot Dimensions are 29.00 x 93.00
  • Property is in very good condition

Home Design

  • Triplex
  • Bi-Level Home
  • Converted Dwelling
  • Masonry

Interior Spaces

  • Ceiling Fan
  • Window Treatments
  • Stacked Washer and Dryer

Kitchen

  • Stove
  • Built-In Microwave
  • Stainless Steel Appliances
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Parking

  • Private Parking
  • Alley Access
  • On-Street Parking

Schools

  • Central High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for water, lawn/shrub care, snow removal
  • Tax Lot 269
  • Assessor Parcel Number 171104800

Community Details

Overview

  • 3 Units
  • 3-Story Building
  • Germantown Subdivision

Building Details

  • 2 Vacant Units
  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,666

Year Built

Built in 1937 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling, Bi-Level
  • Ownership: Fee Simple
  • Inclusions: All bathroom mirrors, all new appliances, and window air-conditioning units
  • New Construction: No
  • Year Built: 1937
  • Year Renovated: 2024
  • Automatically Close On Close Date: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Built-In Microwave, Refrigerator, Stainless Steel Appliances, Stove, Washer/Dryer Stacked
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Store/Office, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors
  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 3045
  • Living Area Sq Ft: 3045
  • Price Per Sq Ft: 191.63
  • Above Grade Finished Sq Ft: 2030
  • Below Grade Finished Sq Ft: 1015
  • Total Below Grade Sq Ft: 1015
  • 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
  • Parking Features: Private
  • Type Of Parking: Alley, On Street

Utilities

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

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: CENTRAL

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 29.00 x 93.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2683.00
  • Property Condition: Very Good
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 1
  • Owner Pays: Water, Lawn/Shrub Care, Snow Removal
  • Rent Control: No
  • Total Actual Rent: 60000.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • School Tax: 1463.00
  • Tax Annual Amount: 2666.00
  • Assessor Parcel Number: 171104800
  • Tax Lot: 269
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 2
  • Gross Income: 60000.00
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2024
Closed on
Apr 23, 2024
Sold by
Bowser Stephanie A
Bought by
Garrett Terrell
Seller's Agent
Pharr Bowser
BHHS Fox & Roach At the Harper, Rittenhouse Square
Buyer's Agent
Esther Cohen-Eskin
Compass RE
List Price
$389,000
Sold Price
$397,000
Premium/Discount to List
$8,000
2.06%
Views
345
Current Estimated Value
$354,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,254
Avg. Annual Appreciation
-6.52%
Original Mortgage
$367,650
Outstanding Balance
$361,806
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$7,060

Purchase Details

Closed on
Jun 11, 2008
Sold by
Treadwell Clifton
Bought by
Bowser Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2003
Sold by
Burwell Zachary
Bought by
Treadwell Clifton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 1998
Sold by
Pauls Loretta and Despot Vivian
Bought by
Burwell Zachary

Purchase Details

Closed on
Jun 2, 1997
Sold by
Holly Meridith and Terrell Manuel
Bought by
Pauls Loretta and Despot Vivian
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garrett Terrell $397,000 None Listed On Document
Bowser Stephanie A $267,500 None Available
Treadwell Clifton $120,000 --
Burwell Zachary $83,000 --
Pauls Loretta -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garrett Terrell $367,650
Previous Owner Bowser Stephanie A $189,000
Previous Owner Treadwell Clifton $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2024 04/23/24 Sold $397,000 +2.1% $130 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/17/2024 03/17/24 For Sale $389,000 -- $128 / 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
2026 $2,667 $221,000 $44,200 $176,800
2025 $2,667 $221,000 $44,200 $176,800
2024 $2,667 $221,000 $44,200 $176,800
2023 $2,667 $190,500 $38,100 $152,400
2022 $1,677 $190,500 $38,100 $152,400
2021 $1,677 $0 $0 $0
2020 $1,677 $0 $0 $0
2019 $1,655 $0 $0 $0
2018 $1,981 $0 $0 $0
2017 $1,981 $0 $0 $0
2016 $1,981 $0 $0 $0
2015 $1,896 $0 $0 $0
2014 -- $141,500 $18,332 $123,168
2012 -- $20,320 $3,445 $16,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2331978

Bright MLS

APN: 171104800