$450,000

2 beds • 2.5 baths • 1,800 sqft
#PAPH2427828, Jeanne M Polizzi, Listing Office: Coldwell Banker Realty
4206-08 Chestnut Street is an extremely rare development opportunity in a PRIME University City location. This site is the heart of University of Pennsylvania's campus and the Philadelphia Region’s leader in Education, Science, and Innovation. Sites like this one are far and few between so act fast. Currently there are two building that would be demolished. One is a shell and the other one is in a decent condition. Development highlights include the possibility of 22 units by right with diverse unit mixture on 8 storeys building, around 23,350 sqft and CMX-4 zoning. Project includes : - Approved Demolition Permit - Environmental (Phase 1&2) - Approved properties Consolidation Permit - Zoning permit – In the works - Proposed Floor Plans. Location, Location, Location - University City is home to some of the best educational and medical facilities in the world including Drexel, UPenn, St. Joe’s, Penn Medicine and the Children’s Hospital of Philadelphia (CHOP). The University City area boasts more than 85,000 jobs, 44% of all national institutes of health investments in the entire state, $1.85 billion in Research and Development expenditures among higher education institutions, a tripling of median home values over the past decade, and approximately 2.75 million square feet in development or under construction. Contact me for more informations about the current and future projects that happening in the immediate area. Offering Memorandum available upon request.
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$1,390,000
4206-08 Chestnut
$10,000
closing credit¹
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1
Hope Community Charter School
Public Charter KG-6
1.4 mi
•836 S 4th St
6
John Moffet Elementary School
Public District KG-5
1.9 mi
•127 W Oxford St
5
Francis Scott Key School
Public District KG-6
2.1 mi
•2230 S 8th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
The neighbors living near this home have an average income of $85,360. Typical income of Philadelphia, PA residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
This home is located at 4206-08 Chestnut in Philadelphia, PA and zip code 19106 in the Center City neighborhood. This 23,500 square foot home sits on a 0.06 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 3, 2024 and is currently priced at $1,390,000.
In February 2025 more than 154 listings in Philadelphia, PA were sold above the asking price. During the same period more than 166 listings were sold at asking price, while more than 396 were sold below. The number of homes for sale in Philadelphia, PA increased by 10.7% between January and February 2025. While the average time on the market in February 2025 was 59 days, the median list price was $268,469.