NOT LISTED FOR SALE

4220 Chestnut St Philadelphia, PA 19104

Spruce Hill Neighborhood

Estimated Value: $799,000 - $1,217,000

-- Bed
-- Bath
3,300 Sq Ft
$315/Sq Ft Est. Value

Last Sold January 17, 2018

Last sale price $685,000 $208 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,163/month

93 Days on Market

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of January 2018

Your opportunity to own a fully occupied, well-kept Triplex in the heart of University City. All 3 units were completely renovated, systems and cosmetic, in 2011. Each unit features hardwood floors throughout, central air, granite countertops in the kitchen, all tile bathrooms with double sinks, washer, and dryer. Keep All units occupied for maximum positive cash flow or use one unit for yourself! The full basement, with its high ceilings, has the potential for a 4th unit. Walking distance to University of Pennsylvania (UPenn), Drexel University, 24-hour Pharmacy, and Supermarkets, convenient to center city. The cap rate includes taxes, insurance, snow removal, landscaping, maintenance, and utilities. There is separate heat and electric for each unit, the owner currently pays them for the whole building. They can be passed on to the tenants to increase cash flow. Rent is directly deposited each month. Owner willing to manage the property for up to 6 months for a new investor if needed.

Last Agent to Sell the Property

Oliver Millwood

Empower Real Estate, LLC License #RS280485 Listed on: 08/14/2017

Empower Real Estate, LLC

Last Buyer's Agent

Eric Feinberg

Keller Williams Realty Group

Keller Williams Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,346

Year Built

  • Built in 1927

Lot Details

  • 1,939 Sq Ft Lot
  • Lot Dimensions are 16x120
  • Sprinkler System
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,300 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

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

Listing and Financial Details

  • Tax Lot 86
  • Assessor Parcel Number 272016800

Community Details

Overview

  • No Home Owners Association
  • University City Subdivision

Building Details

  • Electric Expense $1,718
  • Insurance Expense $2,817
  • Maintenance Expense $5,271
  • Other Expense $450
  • Operating Expense $17,881

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,346

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 450.00
  • Storage: Basement
  • Year Built: 1927
  • Remarks Public: Your opportunity to own a fully occupied, well-kept Triplex in the heart of University City. All 3 units were completely renovated, systems and cosmetic, in 2011. Each unit features hardwood floors throughout, central air, granite countertops in the kitchen, all tile bathrooms with double sinks, washer, and dryer. Keep All units occupied for maximum positive cash flow or use one unit for yourself! The full basement, with its high ceilings, has the potential for a 4th unit. Walking distance to University of Pennsylvania (UPenn), Drexel University, 24-hour Pharmacy, and Supermarkets, convenient to center city. The cap rate includes taxes, insurance, snow removal, landscaping, maintenance, and utilities. There is separate heat and electric for each unit, the owner currently pays them for the whole building. They can be passed on to the tenants to increase cash flow. Rent is directly deposited each month. Owner willing to manage the property for up to 6 months for a new investor if needed.
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Interior Amenities: Sprinkler System
  • Fireplace: No
  • Entry Location: Common
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 3300
  • Living Area Sq Ft: 3300
  • Price Per Sq Ft: 225.76
  • Above Grade Finished Sq Ft: 3300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4220

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 2794.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Expense: 1718.00
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1485.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 203150.00
  • Land Assessed Value: 35850.00
  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16X120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1939.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: CMX4

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 75300.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1046716
  • Tax Annual Amount: 3346.00
  • Assessor Parcel Number: 272016800
  • Tax Lot: 86
  • Tax Year: 2017
  • Close Date: 01/17/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2017
Closed on
Jan 17, 2018
Sold by
Cleveland Curtis
Bought by
Mnsal Reality Llc
Seller's Agent
Oliver Millwood
Empower Real Estate, LLC
Buyer's Agent
Eric Feinberg
Keller Williams Realty Group
List Price
$769,900
Sold Price
$685,000
Premium/Discount to List
-$84,900
-11.03%
Current Estimated Value
$1,038,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,121
Avg. Annual Appreciation
5.59%
Original Mortgage
$479,500
Outstanding Balance
$406,520
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$631,601

Purchase Details

Closed on
Jul 21, 2010
Sold by
Howard Teresa Jermaine and Estate Of James Howard
Bought by
Cleveland Curtis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,191
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 6, 1995
Sold by
Land Holding Corp
Bought by
Real Estate Recovery

Purchase Details

Closed on
Apr 4, 1994
Sold by
Green John D
Bought by
Land Holding Corp Of Pa
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mnsal Reality Llc $685,000 None Available
Cleveland Curtis $165,000 None Available
Real Estate Recovery $10,000 --
Land Holding Corp Of Pa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mnsal Reality Llc $479,500
Closed Mnsal Realty Llc $479,500
Previous Owner Cleveland Curtis $449,191
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2018 01/17/18 Sold $685,000 -8.1% $208 / Sq Ft
09/28/2017 09/28/17 Price Changed $745,000 -3.2% $226 / Sq Ft
08/14/2017 08/14/17 For Sale $769,900 -- $233 / 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 $6,607 $700,000 $140,000 $560,000
2024 $6,607 $700,000 $140,000 $560,000
2023 $6,607 $472,000 $94,400 $377,600
2022 $6,252 $472,000 $94,400 $377,600
2021 $6,252 $0 $0 $0
2020 $6,252 $0 $0 $0
2019 $3,876 $0 $0 $0
2018 $3,346 $0 $0 $0
2017 $3,346 $0 $0 $0
2016 $3,203 $0 $0 $0
2015 $3,066 $0 $0 $0
2014 -- $239,000 $58,433 $180,567
2012 -- $14,432 $4,885 $9,547
Source: Public Records

Agents Affiliated with this Home

  • Oliver Millwood

    Seller's Agent in 2018

    Oliver Millwood

    Empower Real Estate, LLC

    (302) 533-8020

    144 Total Sales

    Oliver Millwood
    Section Image
  • Eric Feinberg

    Buyer's Agent in 2018

    Eric Feinberg

    Keller Williams Realty Group

    (484) 948-5872

    96 Total Sales

    Eric Feinberg
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000312517

Bright MLS

APN: 272016800

Pennsylvania Philadelphia County Philadelphia 19104 Spruce Hill

4220 Chestnut St, Philadelphia, PA

This home is located at 4220 Chestnut St, Philadelphia, PA 19104 since 14 August 2017 and is currently estimated at $1,038,121, approximately $314 per square foot. This property was built in 1927. 4220 Chestnut St is a home located in Philadelphia County with nearby schools including Alain Locke School, West Philadelphia High School, and KIPP Philadelphia Octavius Catto CS.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes