239 Chestnut St Philadelphia, PA 19106
Old City NeighborhoodEstimated payment $8,549/month
About This Lot
Prime Development Opportunity – Unlimited Potential! Unlock the possibilities with this rare development opportunity in a highly sought-after location in Old City Philadelphia! Situated in a thriving neighborhood, this expansive parcel (25ft wide x 102 ft deep) offers endless potential for builders, investors, and visionaries looking to create something extraordinary. Whether you're looking to build a boutique residential complex, or a custom dream home, this property is a blank canvas awaiting your vision. Old City is one of Philadelphia’s most historic and vibrant neighborhoods, known for its charming cobblestone streets, rich cultural scene, and prime real estate opportunities. As the birthplace of American independence, the area blends historic charm with modern amenities, attracting residents and businesses alike. Located near major attractions like Independence Hall, the Liberty Bell, and the bustling waterfront, Old City boasts a thriving arts scene, top-rated restaurants, boutique shopping, and easy access to public transportation. With strong demand for residential and mixed-use development, this highly desirable neighborhood offers an exceptional investment opportunity in the heart of Philadelphia. Key Highlights: - Prime Location – Conveniently positioned near top amenities, schools, shopping, and transportation. - Expansive Lot – Generous lot size provides ample space for multi-unit development or custom build. - Zoning Potential – Favorable zoning allows for a variety of residential or mixed-use projects (buyer to verify with local authorities). Zoned CMX3- High Demand Area – Strong market demand ensures excellent return on investment for future development.
Listing Agent
Long & Foster Real Estate, Inc. License #RS337549 Listed on: 05/15/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,798
Lot Details
- 2,550 Sq Ft Lot
- Lot Dimensions are 25 x 102
- Property is zoned CMX3
Community Details
- No Home Owners Association
- Old City Subdivision
Listing and Financial Details
- Tax Lot 442
- Assessor Parcel Number 885000111
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $1,300,000 | -7.1% | -- |
| 05/15/2025 05/15/25 | For Sale | $1,400,000 | +3.7% | -- |
| 10/16/2020 10/16/20 | Sold | $1,350,000 | -24.8% | $588 / Sq Ft |
| 01/16/2020 01/16/20 | For Sale | $1,795,000 | 0.0% | $782 / Sq Ft |
| 08/03/2019 08/03/19 | Price Changed | $1,795,000 | +12.5% | $782 / Sq Ft |
| 08/02/2019 08/02/19 | Price Changed | $1,595,000 | -11.1% | $695 / Sq Ft |
| 07/24/2019 07/24/19 | Pending | -- | -- | -- |
| 07/10/2019 07/10/19 | Pending | -- | -- | -- |
| 04/23/2019 04/23/19 | Price Changed | $1,795,000 | 0.0% | $782 / Sq Ft |
| 04/23/2019 04/23/19 | For Sale | $1,795,000 | +33.0% | $782 / Sq Ft |
| 04/10/2019 04/10/19 | Off Market | $1,350,000 | -- | -- |
| 04/24/2015 04/24/15 | Sold | $610,000 | -6.0% | $266 / Sq Ft |
| 03/09/2015 03/09/15 | Pending | -- | -- | -- |
| 10/13/2014 10/13/14 | Price Changed | $649,000 | -3.9% | $283 / Sq Ft |
| 10/09/2014 10/09/14 | Price Changed | $675,000 | +4.0% | $294 / Sq Ft |
| 10/07/2014 10/07/14 | Price Changed | $649,000 | -3.7% | $283 / Sq Ft |
| 09/18/2014 09/18/14 | Price Changed | $674,000 | -2.2% | $294 / Sq Ft |
| 09/08/2014 09/08/14 | For Sale | $689,000 | -- | $300 / Sq Ft |
Source: Bright MLS
MLS Number: PAPH2483276
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