$645,000

5237 Chester Ave Philadelphia, PA 19143

Kingsessing Neighborhood

Estimated payment $3,688/month

Total Views 3,594
-- Bed
-- Bath
2,672 Sq Ft
$241 Price per Sq Ft

Highlights

  • Straight Thru Architecture
  • 1-minute walk to Chester Avenue And 53Rd Street
  • Electric Baseboard Heater
  • Back and Side Yard
  • Luxury Vinyl Plank Tile Flooring
  • Property is in excellent condition

About This Home

THE CROWN OF CHESTER AVE: It is my distinguished honor to present to you 5237 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 $950-$1150/month, with a Capitalization Rate of 11.83%. 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. In addition to this multi-unit, we are also listing a 3 unit, Commercial Mixed Use on 5129 Chester Ave. down the block. 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

  • Multi-Family

Est. Annual Taxes

  • $1,515

Year Built

  • Built in 1900 | Remodeled in 2022

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20.00 x 100.00
  • Back and Side Yard
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Straight Thru Architecture
  • AirLite
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,672 Sq Ft Home
  • Luxury Vinyl Plank Tile Flooring
  • Unfinished Basement

Kitchen

  • Gas Oven or Range
  • Dishwasher

Laundry

  • Electric Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 90
  • Assessor Parcel Number 881707575

Community Details

Overview

  • 4 Units

Building Details

  • 6 Vacant Units
  • Income includes apartment rentals, laundry
  • Insurance Expense $2,500
  • Gross Income $75,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,515

Year Built

Built in 1900 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Airlite, Straight Thru
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1900
  • Year Renovated: 2022
  • Remarks Public: THE CROWN OF CHESTER AVE: It is my distinguished honor to present to you 5237 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 $950-$1150/month, with a Capitalization Rate of 11.83%. 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. In addition to this multi-unit, we are also listing a 3 unit, Commercial Mixed Use on 5129 Chester Ave. down the block. 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.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Dryer, Oven/Range - Gas, Washer, Water Heater
  • Flooring Type: Luxury Vinyl Plank
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2672
  • Living Area Sq Ft: 2672
  • Price Per Sq Ft: 241.39
  • Above Grade Finished Sq Ft: 2672
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5237

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Spa: No
  • 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: No
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: CA0
  • Lot Features: Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2000.00
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: RSA5
  • Zoning Description: Variance for 6 unit dwelling

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Water
  • Rent Control: No
  • Total Actual Rent: 75600.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • School Tax: 848.00
  • Tax Annual Amount: 1515.00
  • Assessor Parcel Number: 881707575
  • Tax Lot: 90
  • Tax Total Finished Sq Ft: 2672
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 6
  • Gross Income: 75000.00
  • Gross Scheduled Income: 75000.00
  • Income Includes: Apartment Rentals, Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

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: PAPH2422686

Bright MLS

APN: 88-1-7075-75

Pennsylvania Philadelphia County Philadelphia 19143 Kingsessing

5237 Chester Ave, Philadelphia, PA

This home is located at 5237 Chester Ave, Philadelphia, PA 19143 and is currently priced at $645,000, approximately $241 per square foot. This property was built in 1900. 5237 Chester Ave is a home located in Philadelphia County with nearby schools including Benjamin B. Comegys School, John Bartram High School, and Independence Charter School West.

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Nearby Homes
Minh Nguyen-Rivera
Listing Agent
Minh Nguyen-Rivera
Section Image
KW Empower
(267) 628-8062