$2,613 Closing Credit¹
#PAPH2483298, Kyle Keenan, Listing office: Keller Williams Real Estate-Langhorne
$250,000 List price
641 N 56th St Philadelphia, PA 19131
$2,969
Closing credit¹
1,824 sqft
0.03 acres
$137 / sqft
House
Property details
About 641 N 56th St
Newly Repriced! High-Yield Investment Opportunity – 13.24% Cap Rate in a Federal Opportunity Zone. This prime corner mixed-use property delivers strong cash flow and is situated within a designated Federal Opportunity Zone, offering significant tax incentives for the savvy investor. Currently designed as a fully equipped neighborhood grocery store, the retail space includes shelving, refrigeration units, and a deli counter—all included in the sale. Above the store is a spacious two-bedroom, one-bath residential unit featuring a living room, a kitchen with a combined dining area, and a private deck. Additionally, the property includes a roughed-in studio space at the rear of the first floor—perfect for expanding residential income, additional storage for the corner store or reimagining as a home office, flex space or Airbnb. The commercial space also has direct basement access for storage, via the interior or the Bilco door entrance from the street.This is a versatile, income-producing asset with excellent value-add potential in a high-demand location—ideal for both seasoned investors and new entrants seeking long-term growth with built-in tax advantages. Needs TLC but the value is there for a savvy investor. Easy to see with no tenants.
Highlights
Home typeOther
HeatingBaseboard
StatusActive
(ACTIVE)
(ACTIVE)
CoolingWindow Unit(s)
Size1,824 sqft
Lot size0.03 Acres
Year built1925
ParkingOn Street
MLS #PAPH2482052
Summary
- Flooring Type: Engineered Wood, Hardwood, Ceramic Tile
- Parking: On Street
- Architectural Style: Straight Thru
- Heating: Baseboard
- Cooling: Window Unit(s)
- List Price: $250,000
- Price/SqFt: $137
- Annual Tax Amount: $284
- Tax Year: 2023
- Directions: Please use GPS
- Year Built: 1925
- Living Area: 1,824 SqFt
- Municipality: Philadelphia
- Lot Size: 0.03 Acres
- MLS Number: PAPH2482052
- MLS Name: BRIGHT
- Office Name: Elfant Wissahickon-Rittenhouse Square
- Office Phone: (215) 893-9920
- Listing Agent: Katherine Vail
- Agent Phone: (215) 668-4989
- Agent Email: katevail@ewrhomes.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 12:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$250,000
641 N 56th St
$2,969
closing credit¹
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Seller rebate
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $100,300 | $284 |
| 2022 | $55,300 | $531 |
| 2021 | $- | $531 |
| 2020 | $83,000 | $1,161 |
| 2019 | $82,200 | $1,150 |
| 2018 | $79,900 | $1,118 |
| 2017 | $100,200 | $1,402 |
History based on county public records data.
Nearby schools
3
Universal Institute Charter School at Bluford
Public Charter KG-6
0.3 mi
•5801 Media St
3
Mastery Charter School Mann Elementary
Public Charter KG-6
1.1 mi
•5376 W Berks St
3
Inquiry Charter School
Public Charter PK-5
1.1 mi
•1301 Belmont Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $13,460. The majority of Philadelphia, PA residents have income less than $<35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
81%
<35k
19%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
54%
Single, No Kids
31%
Single, with Kids
8%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
9%
12-17 yrs old
22%
18-34 yrs old
36%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Popeyes
What do the neighbors drive?
Kia
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 641 N 56th St
The listing price of 641 N 56th St property is $250,000.
The property 641 N 56th St is a house located in Philadelphia, Pennsylvania, 19131.
Active Listing: 641 N 56th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 641 N 56th St are: Universal Institute Charter School at Bluford (GreatSchools Rating 3/10), Mastery Charter School Mann Elementary (GreatSchools Rating 3/10), Inquiry Charter School (GreatSchools Rating 3/10), Comm. John Barry Elementary School (GreatSchools Rating 4/10), Edward Heston Elementary School (GreatSchools Rating 2/10), James Rhoads Elementary School (GreatSchools Rating 3/10), Mastery Charter School -Shoemaker Campus (GreatSchools Rating 3/10), Overbrook High School (GreatSchools Rating 2/10), William L. Sayre High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $284 (source: MLS/based on county public records data).
The property at 641 N 56th St has 0 bathroom.
The property 641 N 56th St is 1,824 SqFt (source: MLS/tax record).
The year of construction for 641 N 56th St is 1925.
This home is located at 641 N 56th St in Philadelphia, PA and zip code 19131 in the Haddington neighborhood. This 1,824 square foot home, which was built in 1925, sits on a 0.03 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $250,000.
The number of listings in Philadelphia, PA increased by 40.9% between April and May 2025. Listings spent 89 days on the market in May 2025, and had a median list price of $298,569 during the same period.
From Rocket Homes Real Estate and based on county public records data.