#PAPH2482980, Andy Oei, Listing office: BHHS Fox & Roach The Harper at Rittenhouse Square
Property details
About 707 Chestnut St
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.
Highlights
(ACTIVE)
Summary
- Parking: None
- Architectural Style: Other
- Heating: Central
- Cooling: Central Air
- List Price: $3,000,000
- Price/SqFt: $118
- Annual Tax Amount: $43,393
- Tax Year: 2023
- Directions: Please use GPS/Google Maps
- Year Built: 1900
- Living Area: 25,374 SqFt
- Municipality: Philadelphia
- Lot Size: 0.11 Acres
- MLS Number: PAPH2485058
- MLS Name: BRIGHT
- Office Name: KW Empower
- Office Phone: (215) 627-3500
- Office Email: vicki@kwempower.com
- Listing Agent: Gaurav Gambhir
- Agent Phone: (267) 994-3870
- Agent Email: ggambhir@tcsgroup.com
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Price information
Property sales
Date | Event | Price |
---|---|---|
Dec 29, 2015 | Home Sold | $4,400,000 |
Jan 27, 2006 | Home Sold | $850,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $3,100,000 | $43,393 |
2022 | $4,102,000 | $54,687 |
2021 | $- | $54,687 |
2020 | $3,906,800 | $54,687 |
2019 | $3,877,800 | $54,281 |
2018 | $2,060,000 | $28,835 |
2017 | $1,750,000 | $9,125 |
History based on county public records data.
Nearby schools
1
Hope Community Charter School
Public Charter KG-6
1.9 mi
•836 S 4th St
6
John Moffet Elementary School
Public District KG-5
2.0 mi
•127 W Oxford St
5
Francis Scott Key School
Public District KG-6
2.0 mi
•2230 S 8th St
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 $42,348. Residents of Philadelphia, PA typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
About 707 Chestnut St
The listing price of 707 Chestnut St property is $3,000,000.
The property 707 Chestnut St is a house located in Philadelphia, Pennsylvania, 19106.
Active Listing: 707 Chestnut St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 707 Chestnut St are: Hope Community Charter School (GreatSchools Rating 1/10), John Moffet Elementary School (GreatSchools Rating 6/10), Francis Scott Key School (GreatSchools Rating 5/10), General George A. McCall School (GreatSchools Rating 6/10), Folk Arts-Cultural Treasures Charter School (GreatSchools Rating 8/10), William M. Meredith School (GreatSchools Rating 7/10), Constitution High School (GreatSchools Rating 5/10), Mastery Chs-Lenfest Campus (GreatSchools Rating 3/10), Philadelphia Electrical & Tech Chs (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $43,393 (source: MLS/based on county public records data).
The last sale was on December 29, 2015 for $4,400,000 (source: MLS/tax record).
The property at 707 Chestnut St has 0 bathroom.
The property 707 Chestnut St is 25,374 SqFt (source: MLS/tax record).
The year of construction for 707 Chestnut St is 1900.
This home is located at 707 Chestnut St in Philadelphia, PA and zip code 19106 in the Center City neighborhood. This 25,374 square foot home, which was built in 1900, sits on a 0.11 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $3,000,000.
The number of listings in Philadelphia, PA increased by 36.5% between May and June 2025. In June 2025, listings were on the market for 90 days. During the same period, the median list price in this real estate market was $292,873.