$649,000

Estimated payment $4,038/month

Total Views 8,431
6 Beds
6 Baths
3,272 Sq Ft
$198 Price per Sq Ft

Highlights

  • No HOA
  • 1-minute walk to Chester Avenue And 53Rd Street
  • Luxury Vinyl Plank Tile Flooring
  • Eat-In Kitchen
  • Intercom
  • Central Heating and Cooling System

About This Home

CHESTER AVE LOFTS: It is my distinguished honor to present to you 5237 Chester Ave. Philadelphia, PA 19143. • Down the street, we are also listing a 3 unit Commercial Mixed Use on 5129 Chester Ave. Philadelphia, PA 19143. Located in the Heart of Kingsessing, Southwest Philadelphia, adjacent to a transformative intersection, anchored by a Commercial Mixed Use Corridor and surrounded by residential properties and commercial spaces, Southwest Philadelphia has undergone a radical transformation and evolution in the last few decades. We are directly on a trolley line transportation hub that takes you to University City and the major universities, including University of the Sciences of Philadelphia(USP), Drexel University, and the University of Pennsylvania, an Ivy League Institution, as well as to Center City substations. Across the street are 2 massive multi-unit development projects, as well as an institutional subdivision development. • See attached pro-forma which shows 11+ Capitalization rate, with potential $6000-$7000/monthly cash flow. Enter this 3 story 2,672 Square Ft Building with 6 units featuring 1 Bed|1 Bath apartments newly renovated ranging from $1000-$1200/month. All of the units are renovated with beautifully designed kitchen, equipped with granite countertops, modern appliances including a gas stove, microwave, refrigerator, and dishwasher. The kitchen features ceiling lighting, luxury vinyl flooring, and a garbage disposal. This apartment unit features floors and vinyl flooring, high ceilings, newly renovated throughout with new stainless steel appliances. The bathroom has been recently updated with a new vanity, mirror, shower, toilet, and new tile flooring. Each unit has electric baseboards, The property is filled with radiant natural light and illumination from beautiful windows. The property is close to bus stops and close to multi-modal public transportation, Walk to public transportation (Bus and Trolley), Kingsessing Recreation Center, shops, eateries, local market, and in proximity to businesses such as cafes, bars, eclectic and multicultural cuisine and food establishments. Come live in Kingsessing, where there are many things to do and people in a thriving community. We are filling up the building with tenants and can have the entire building occupied by the time of acquisition settlement. We have thoroughly screened and evaluated all potential applicants. To apply, we are running credit reports, criminal backgrounds, eviction history, and reviewing all income & financial documentation. If you are selected as a tenant, we will collect the first, last & security deposit(one month). There are no minimum score requirements. The entire financial and credit profile will be reviewed in its entirety to determine application viability. Pets are permissible on a case by case scenarios and there is no smoking allowed. We look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties. Thank you for the opportunity to showcase this home and we wish you the best of luck in your investment portfolio search.

Listing Agent

Minh Nguyen-Rivera

KW Empower Listed on: 11/23/2024

KW Empower

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,364

Year Built

  • Built in 1968

Lot Details

  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Rubber Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • Property has 3 Levels
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 6 Main Level Bedrooms
  • 6 Full Bathrooms

Home Security

  • Intercom
  • Exterior Cameras

Utilities

  • Central Heating and Cooling System
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 881707575

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Low-Rise Condominium
  • Kingsessing Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,364

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1968
  • Remarks Public: CHESTER AVE LOFTS: It is my distinguished honor to present to you 5237 Chester Ave. Philadelphia, PA 19143. • Down the street, we are also listing a 3 unit Commercial Mixed Use on 5129 Chester Ave. Philadelphia, PA 19143. Located in the Heart of Kingsessing, Southwest Philadelphia, adjacent to a transformative intersection, anchored by a Commercial Mixed Use Corridor and surrounded by residential properties and commercial spaces, Southwest Philadelphia has undergone a radical transformation and evolution in the last few decades. We are directly on a trolley line transportation hub that takes you to University City and the major universities, including University of the Sciences of Philadelphia(USP), Drexel University, and the University of Pennsylvania, an Ivy League Institution, as well as to Center City substations. Across the street are 2 massive multi-unit development projects, as well as an institutional subdivision development. • See attached pro-forma which shows 11+ Capitalization rate, with potential $6000-$7000/monthly cash flow. Enter this 3 story 2,672 Square Ft Building with 6 units featuring 1 Bed|1 Bath apartments newly renovated ranging from $1000-$1200/month. All of the units are renovated with beautifully designed kitchen, equipped with granite countertops, modern appliances including a gas stove, microwave, refrigerator, and dishwasher. The kitchen features ceiling lighting, luxury vinyl flooring, and a garbage disposal. This apartment unit features floors and vinyl flooring, high ceilings, newly renovated throughout with new stainless steel appliances. The bathroom has been recently updated with a new vanity, mirror, shower, toilet, and new tile flooring. Each unit has electric baseboards, The property is filled with radiant natural light and illumination from beautiful windows. The property is close to bus stops and close to multi-modal public transportation, Walk to public transportation (Bus and Trolley), Kingsessing Recreation Center, shops, eateries, local market, and in proximity to businesses such as cafes, bars, eclectic and multicultural cuisine and food establishments. Come live in Kingsessing, where there are many things to do and people in a thriving community. We are filling up the building with tenants and can have the entire building occupied by the time of acquisition settlement. We have thoroughly screened and evaluated all potential applicants. To apply, we are running credit reports, criminal backgrounds, eviction history, and reviewing all income & financial documentation. If you are selected as a tenant, we will collect the first, last & security deposit(one month). There are no minimum score requirements. The entire financial and credit profile will be reviewed in its entirety to determine application viability. Pets are permissible on a case by case scenarios and there is no smoking allowed. We look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties. Thank you for the opportunity to showcase this home and we wish you the best of luck in your investment portfolio search.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Oven/Range - Gas, Refrigerator
  • Entry Floor: 1
  • Flooring Type: Luxury Vinyl Plank, Carpet
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 3272
  • Living Area Sq Ft: 3272
  • Price Per Sq Ft: 242.89
  • Above Grade Finished Sq Ft: 2672
  • Below Grade Finished Sq Ft: 600
  • Total Below Grade Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5237

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 6
  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Main Level Bathrooms: 6.00
  • Main Level Full Bathrooms: 6

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Flat, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Exterior Cameras, Intercom
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Other
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 20.00 x 100.00
  • Property Condition: Excellent
  • Year Assessed: 2025
  • Zoning: RSA5
  • Zoning Description: Variance for 6 unit dwelling

Rental Info

  • Lease Considered: No
  • Pets: Size/Weight Restriction, Case By Case Basis
  • Pets Allowed: Yes
  • Total Actual Rent: 79200.00
  • Vacation Rental: No

Tax Info

  • School Tax: 3003.00
  • Tax Annual Amount: 5364.00
  • Assessor Parcel Number: 881707575
  • Tax Data Updated: No
  • Tax Year: 2025

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

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
07/23/2025 07/23/25 Price Changed $645,000 -0.5% $241 / Sq Ft
06/05/2025 06/05/25 Price Changed $648,000 -0.1% $243 / Sq Ft
02/28/2025 02/28/25 Price Changed $648,888 0.0% $243 / Sq Ft
11/23/2024 11/23/24 For Sale $649,000 0.0% $243 / Sq Ft
11/23/2024 11/23/24 For Sale $649,000 -- $198 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: PAPH2421012

Bright MLS

APN: 88-1-7075-75