707 Chestnut Street, Philadelphia, PA 19106-2322 $3,000,000

# of Units: 2
Interior Sq. Ft: 25,374
Acreage: 0.11
Age:125 years
Taxes: $20,997
MLS#: PAPH2485058
Design/Type:
Twin/Semi-Detached

Description

On 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.

Taxes: $20,997
Home Assoc: No
Condo Assoc: No
Garage: N
Basement:
Pool: No Pool
School Dist: Philadelphia City

Features

Utilities
Central Heating, Natural Gas, Central A/C, Natural Gas, Hot Water - Natural Gas, Public Water, Public Sewer

Garage/Parking
None

Exterior
Block Foundation, Brick/Mortar Foundation, Concrete Perimeter Foundation, Masonry

Contact Information

Listing Courtesy of: KW Empower , vicki@kwempower.com

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Listing data as of 6/28/2025.