Kristie Bergey
Coldwell Banker Realty
(484) 603-6119
93 Total Sales
4 in Old City
$365K - $525K Price Range
707 Chestnut St Philadelphia, PA 19106
Old City Neighborhood
Studio
2
Baths
25,374
Sq Ft
4,984
Sq Ft Lot
Highlights
- Central Heating and Cooling System
- 3-minute walk to 8Th & Market St
- 4-minute walk to Washington Square Park
- General George A McCall Public School Rated 10
About This Home
As of October 2025On behalf of ownership, The TCS Group is pleased to present the exclusive opportunity to acquire the fee simple interest in 707 Chestnut Street — home to Jefferson Flats, a boutique collection of five well-appointed two-bedroom apartments located in the heart of Center City Philadelphia. The property also features 4,200 square feet of prime ground-floor retail space, currently leased to an established restaurant operator with a newly extended lease. An additional 4,546 square feet of commercial space spans the second and third floors, offering flexible potential for various future uses. This offering presents new ownership with a compelling value-add opportunity. With modest upgrades to the building’s common areas and light cosmetic enhancements to the residential units, there is strong potential to increase rental income. Moreover, a strategic approach to activating and monetizing the upper-level commercial space can unlock significant additional cash flow for an incoming investor.
Last Agent to Sell the Property
(215) 627-3500 irene@kwempower.com KW Empower License #1645813 Listed on: 06/05/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,997
Year Built
- Built in 1900
Lot Details
- 4,984 Sq Ft Lot
- Lot Dimensions are 28.00 x 178.00
Home Design
- 25,374 Sq Ft Home
- Brick Foundation
- Block Foundation
- Concrete Perimeter Foundation
- Masonry
Utilities
- Central Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Tax Lot 104
- Assessor Parcel Number 881301105
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2025
Closed on
Oct 9, 2025
Sold by
707 Chestnut Street Llc
Bought by
Seller's Agent
Gaurav Gambhir
KW Empower
Buyer's Agent
Dale You
Dale You & Associates
List Price
$3,000,000
Sold Price
$2,675,000
Premium/Discount to List
-$325,000
-10.83%
Views
1954
Purchase Details
Closed on
Oct 3, 2022
Sold by
Cp Acquisitions 20 Lp
Bought by
707 Chestnut Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,075,000
Interest Rate
6.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 23, 2015
Sold by
707 Chestnut Associates L P
Bought by
Cp Acquisitions 20 L P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,270,000
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 1, 2005
Sold by
Spain Bernard and Spain Joan B
Bought by
707 Chestnut Associates Lp
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Old City, PA
-
Kristie Bergey
-
Lauren Pilla
Lauren Pilla
Compass RE
(856) 644-5237
57 Total Sales
2 in Old City
$601K - $1.3M Price Range
-
Ryan Emanuel
Ryan Emanuel
Realty Management Works LLC
(215) 876-0042
45 Total Sales
1 in Old City
$315,000 Price
-
Ernesto Perez
Ernesto Perez
Space & Company
(505) 207-0530
65 Total Sales
1 in Old City
$561,400 Price
-
Suzie Swisher
Suzie Swisher
Coldwell Banker Realty
(484) 922-9581
75 Total Sales
2 in Old City
$335K - $737K Price Range
-
Keri Bernstein
Keri Bernstein
KW Empower
(844) 940-2772
123 Total Sales
4 in Old City
$269K - $1.2M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,675,000 | None Listed On Document | ||
| 707 Chestnut Street Llc | -- | -- | |
| Cp Acquisitions 20 L P | $4,400,000 | None Available | |
| 707 Chestnut Associates Lp | $850,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $2,200,000 | ||
| Previous Owner | 707 Chestnut Street Llc | $2,075,000 | |
| Previous Owner | Cp Acquisitions 20 L P | $3,270,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/09/2025 10/09/25 | Sold | $2,675,000 | -10.8% | $105 / Sq Ft |
| 06/05/2025 06/05/25 | For Sale | $3,000,000 | -- | $118 / Sq Ft |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2027 | $20,997 | $2,425,700 | $485,100 | $1,940,600 |
| 2026 | $20,997 | $1,500,000 | $450,000 | $1,050,000 |
| 2025 | $43,394 | $1,500,000 | $450,000 | $1,050,000 |
| 2024 | $43,394 | $1,500,000 | $450,000 | $1,050,000 |
| 2023 | $43,394 | $3,100,000 | $465,000 | $2,635,000 |
| 2022 | $54,687 | $4,102,000 | $1,230,600 | $2,871,400 |
| 2021 | $54,687 | $0 | $0 | $0 |
| 2020 | $54,687 | $0 | $0 | $0 |
| 2019 | $54,281 | $0 | $0 | $0 |
| 2018 | $28,836 | $0 | $0 | $0 |
| 2017 | $9,126 | $0 | $0 | $0 |
| 2016 | $9,126 | $0 | $0 | $0 |
| 2015 | $8,736 | $0 | $0 | $0 |
| 2014 | -- | $1,750,000 | $307,356 | $1,442,644 |
| 2012 | -- | $626,560 | $107,135 | $519,425 |
Source: Public Records
Agents Affiliated with this Home
-
Gaurav Gambhir
Seller's Agent in 2025
Gaurav Gambhir
KW Empower
(267) 994-3870
4 in this area
216 Total Sales
-
Tyler Hopp
Seller Co-Listing Agent in 2025
Tyler Hopp
KW Empower
(267) 475-5862
1 in this area
54 Total Sales
-
Dale You
DY
Buyer's Agent in 2025
Dale You
Dale You & Associates
(917) 239-6456
1 in this area
3 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2485058
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