5412 Chancellor St Philadelphia, PA 19139
Cobbs Creek NeighborhoodEstimated payment $2,316/month
Total Views
2,080
--
Bed
--
Bath
1,824
Sq Ft
$219
Price per Sq Ft
Highlights
- Stainless Steel Appliances
- Central Heating and Cooling System
- Property is in excellent condition
- Balcony
About This Home
Fully-occupied, income-producing duplex in West Philadelphia with $3,345/month in gross rental income and about 5 years of remaining tax abatement. Each unit offers 2 bedrooms and 2 full bathrooms, fully renovated in 2020 with modern finishes throughout. Features include quartz countertops, stainless steel appliances, central air, in-unit laundry, recessed lighting, and hardwood flooring. The upper unit enjoys a private balcony, the lower unit has private rear outdoor area, while both units include open-concept layouts and spacious closets. Unit 1 is leased for $1565/mo + $70 utility fee, and Unit 2 is leased for $1625/mo with an $85 utility fee, for a total of $40,140/year in gross scheduled income - an in-place cap rate of 7.5%. Ideal turnkey investment with strong rental history and minimal maintenance. Located on a quiet block with convenient access to public transit, major universities, and commercial corridors. Turnkey cash-flowing asset in appreciating West Philly submarket. Perfect for investors or 1031 exchange buyers, as well as owner-occupants looking to live in one unit and rent the other. Showings available by appointment with minimum 48 hour notice.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,343
Year Built
- Built in 1925 | Remodeled in 2020
Lot Details
- 1,444 Sq Ft Lot
- Lot Dimensions are 22.00 x 66.00
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- 1,824 Sq Ft Home
- Duplex
- Stone Foundation
- Masonry
Kitchen
- Gas Oven or Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Additional Features
- Unfinished Basement
Listing and Financial Details
- Tax Lot 240
- Assessor Parcel Number 603040300
Community Details
Overview
- 2 Units
- Cobbs Creek Subdivision
Building Details
- Gross Income $40,140
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 | $1,130 | $368,700 | $73,740 | $294,960 |
| 2024 | $1,130 | $368,700 | $73,740 | $294,960 |
| 2023 | $1,130 | $80,700 | $16,140 | $64,560 |
| 2022 | $556 | $80,700 | $16,140 | $64,560 |
| 2021 | $556 | $0 | $0 | $0 |
| 2020 | $556 | $0 | $0 | $0 |
| 2019 | $536 | $0 | $0 | $0 |
| 2018 | $1,225 | $0 | $0 | $0 |
| 2017 | $1,225 | $0 | $0 | $0 |
| 2016 | $1,225 | $0 | $0 | $0 |
| 2015 | $1,142 | $0 | $0 | $0 |
| 2014 | -- | $85,200 | $7,083 | $78,117 |
| 2012 | -- | $9,568 | $2,224 | $7,344 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | For Sale | $399,000 | 0.0% | $219 / Sq Ft |
| 02/28/2021 02/28/21 | Rented | $1,350 | 0.0% | -- |
| 02/16/2021 02/16/21 | Under Contract | -- | -- | -- |
| 01/12/2021 01/12/21 | For Rent | $1,350 | -- | -- |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $115,000 | Olde City Abstract Inc | |
| Sheriffs Deed | $25,500 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $52,911 | None Available | |
| Deed | $10,000 | None Available |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2477302
APN: 603040300
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