4714 Griscom St Philadelphia, PA 19124
Frankford NeighborhoodEstimated payment $1,833/month
Total Views
6,573
--
Bed
--
Bath
3,750
Sq Ft
$75
Price per Sq Ft
Highlights
- Spa
- 2-minute walk to Margaret-Orthodox
- Brick Front
- Space For Rooms
About This Home
Seller financing available! Remodeling is currently underway, and the owner is looking to sell at any stage of the rehab. The current framing that has been completed enables various uses, from 5 apartments (zoning variance is required), to 4 apartments, triplex, duplex, down to extra-large single that can be used as an assisted living or group-housing of 12 bedrooms.
Historically, this building was always multi-unit. The owner temporarily converted it to single-family to expedite permits, the new layout reflects its multi-unit potential.
ARV $850k++ (income-based valuation)
Property Overview:
• Size: 3,750 SF
• Zoning: RSA-5, previously multi-unit – strong case for grandfathering variance approval
• Current Status: Remodeling underway, available for sale at any rehab stage.
• Completed Work: Architectural plans, framing, new windows, rough plumbing, rough electrical, insulation (in progress).
• Remaining Work: HVAC, drywall, painting, flooring, kitchens, and bathrooms (Estimated Cost: $120K–$160K).
Flexible Investment Options:
• 5 Apartments (Variance Required):
o Units of 2BR/1BA, potential rents up to $1,500/month.
o Total projected rent: $7,300/month.
• Group Housing/Assisted Living (10-12 Bedrooms):
o Ideal for sober living, transitional housing, veteran programs, or assisted living.
o Projected rents: $7,000–$8,400/month.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,838
Year Built
- Built in 1940
Lot Details
- 2,290 Sq Ft Lot
- Lot Dimensions are 19.00 x 118.00
- Property is in below average condition
Parking
- Off-Street Parking
Home Design
- 3,750 Sq Ft Home
- AirLite
- Fixer Upper
- Brick Foundation
- Unfinished Walls
- Asphalt Roof
- Brick Front
- Masonry
- Stucco
Unfinished Basement
- Basement Fills Entire Space Under The House
- Rear and Side Basement Entry
- Space For Rooms
Pool
- Spa
Community Details
- 4 Units
- 3-Story Building
- Frankford Subdivision
Listing and Financial Details
- Assessor Parcel Number 232434100
Map
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Home Values in the Area
Average Home Value in this Area
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 | $4,685 | $274,200 | $54,800 | $219,400 |
| 2024 | $4,685 | $274,200 | $54,800 | $219,400 |
| 2023 | $4,685 | $334,700 | $66,940 | $267,760 |
| 2022 | $1,800 | $334,700 | $66,940 | $267,760 |
| 2021 | $1,800 | $0 | $0 | $0 |
| 2020 | $1,800 | $0 | $0 | $0 |
| 2019 | $1,727 | $0 | $0 | $0 |
| 2018 | $1,918 | $0 | $0 | $0 |
| 2017 | $1,918 | $0 | $0 | $0 |
| 2016 | $1,918 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $137,000 | $26,873 | $110,127 |
| 2012 | -- | $13,472 | $2,807 | $10,665 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Price Changed | $279,900 | -3.4% | $75 / Sq Ft |
| 04/30/2025 04/30/25 | Price Changed | $289,900 | -3.0% | $77 / Sq Ft |
| 04/01/2025 04/01/25 | Price Changed | $299,000 | -8.0% | $80 / Sq Ft |
| 03/05/2025 03/05/25 | For Sale | $324,900 | -- | $87 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $82,000 | None Available | |
| Deed | $48,000 | None Available | |
| Sheriffs Deed | $40,000 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Corporate Deed | $10,000 | Chicago Title Insurance Co | |
| Sheriffs Deed | $7,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $94,500 | Commercial | |
| Previous Owner | $40,200 | Commercial | |
| Previous Owner | $15,900 | Commercial |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2452610
APN: 232434100
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