$1,249,999

5101 Westminster Ave Philadelphia, PA 19131

Mill Creek Neighborhood

Estimated payment $7,909/month

Total Views 2,180
0.59 Acre
$2,118,642 Price per Acre
25,700 Sq Ft Lot

About This Lot

Introducing a remarkable ±25,420 SF corner lot in vibrant West Philadelphia, ideal for your next multifamily development project! This shovel-ready site comes complete with paid permits valued at over $40,000 and detailed plans to construct an impressive 74-unit residential building. Enjoy unparalleled access to the dynamic University City area, a bustling "eds and meds" innovation hub featuring prestigious institutions like the University of Pennsylvania, Drexel University, CHOP, and the Science Center, alongside the thriving Schuylkill Yards and 30th Street Station. This prime location is truly at the heart of the Philadelphia real estate market and is poised for substantial appreciation in the coming years, thanks to its proximity to cutting-edge advancements in education, healthcare, life sciences, business, and technology.The demand for high-quality housing in this area has never been more critical, making this an incredible opportunity to buy and build! Your new development will include a range of apartments—studios, one-bedroom, and two-bedroom units—complete with parking in an elegant five-story structure. Benefit from a significant 10-year tax abatement, allowing for increased returns on investment.Don’t miss out on this extraordinary chance to transform a prime location into much-needed housing. For additional insights on the pro forma, plans, and permits, please reach out. Remember, the buyer is responsible for verifying taxes, square footage, and entitlements during due diligence. Take the next step in shaping Philadelphia's future today!

Listing Agent

STEVE BURKE JR.

(267) 471-0443 getpaidwithsteve@gmail.com Tesla Realty Group, LLC License #RS337988 Listed on: 04/16/2025

Tesla Realty Group, LLC

Property Details

Property Type

  • Land

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 0.00 x 141.00
  • Property is zoned RM2

Utilities

  • Public Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 444
  • Assessor Parcel Number 881000337

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Remarks Public: Introducing a remarkable ±25,420 SF corner lot in vibrant West Philadelphia, ideal for your next multifamily development project! This shovel-ready site comes complete with paid permits valued at over $40,000 and detailed plans to construct an impressive 74-unit residential building. Enjoy unparalleled access to the dynamic University City area, a bustling "eds and meds" innovation hub featuring prestigious institutions like the University of Pennsylvania, Drexel University, CHOP, and the Science Center, alongside the thriving Schuylkill Yards and 30th Street Station. This prime location is truly at the heart of the Philadelphia real estate market and is poised for substantial appreciation in the coming years, thanks to its proximity to cutting-edge advancements in education, healthcare, life sciences, business, and technology. The demand for high-quality housing in this area has never been more critical, making this an incredible opportunity to buy and build! Your new development will include a range of apartments—studios, one-bedroom, and two-bedroom units—complete with parking in an elegant five-story structure. Benefit from a significant 10-year tax abatement, allowing for increased returns on investment. Don’t miss out on this extraordinary chance to transform a prime location into much-needed housing. For additional insights on the pro forma, plans, and permits, please reach out. Remember, the buyer is responsible for verifying taxes, square footage, and entitlements during due diligence. Take the next step in shaping Philadelphia's future today!
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 48.70
  • Street Number Modifier: 5101

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer, Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: X50
  • Lot Size Acres: 0.59
  • Lot Dimensions: 0.00 x 141.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 25669.00
  • Year Assessed: 2025
  • Zoning: RM2
  • Farmland Preservation: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 67296.00
  • Tax Annual Amount: 120170.00
  • Assessor Parcel Number: 881000337
  • Tax Lot: 444
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

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

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 For Sale $1,249,999 -- --
Source: Bright MLS

Source: Bright MLS

MLS Number: PAPH2471386

Bright MLS

APN: 88-1000337

Pennsylvania Philadelphia County Philadelphia 19131 Mill Creek

5101 Westminster Ave, Philadelphia, PA

This home is located at 5101 Westminster Ave, Philadelphia, PA 19131 and is currently priced at $1,249,999. 5101 Westminster Ave is a home located in Philadelphia County with nearby schools including James Rhoads Elementary School, Overbrook High School, and Global Leadership Academy.

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STEVE BURKE JR.
Listing Agent
STEVE BURKE JR.
Section Image
Tesla Realty Group, LLC
(267) 471-0443