7 days on Rocket
#1711863, Justina Howell, Listing office: Berkshire Hathaway The Preferred Realty
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
Home typeOther
HeatingCentral
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size25,374 sqft
Lot size0.11 Acres
Year built1900
MLS #PAPH2485058
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
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: 7/24/2025, 2:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. The majority of Philadelphia, PA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
43%
<35k
51%
35k-100k
5%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
87%
Single, No Kids
1%
Single, with Kids
8%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
1%
12-17 yrs old
54%
18-34 yrs old
36%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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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 inventory of homes for sale in Philadelphia, PA between May and June 2025 increased by 36.5%. In June 2025 median list price was $292,873 and the average listing age was 90 days.
From Rocket Homes Real Estate and based on county public records data.