4408 Chestnut Street

Closed 12/1/16

Sold

Last Sold Price

$430,500

4 beds4 baths3,040 sqft$142/sqft

4408 Chestnut St, Philadelphia, PA 19104

Multi FamilyProperty Type

2,200 sq ftLot Size

1936Year Built

$142/sq ftPrice per sq ft

2 carsParking Spaces

Description

Fantastic multi-family property investment opportunity. 4 Unit apartment building for sale (5th unit potential) in West Philadelphia, University City. Conveniently located to UPENN and DREXEL campuses. The property runs from Chestnut Street at the front to Ionic Street to the back. The back yard on Ionic Street can be converted into two parking spaces with plenty of room left over for outdoor space. The rear ground level of this building is a potential 5th unit that is ground level to the back yard....Fantastic multi-family property investment opportunity. 4 Unit apartment building for sale (5th unit potential) in West Philadelphia, University City. Conveniently located to UPENN and DREXEL campuses. The property runs from Chestnut Street at the front to Ionic Street to the back. The back yard on Ionic Street can be converted into two parking spaces with plenty of room left over for outdoor space. The rear ground level of this building is a potential 5th unit that is ground level to the back yard. Windows and existing doors are sealed but could be opened up. There is also a sub-basement below this 5th unit. Expand the rear first level unit and create a nice bi-level large apartment with access to the yard or finish this space separately and add a 5th unit and increase income. The first floor from Chestnut Street includes a large 2B/1B apartment. Previously it was rented for $1200. The 2nd floor front includes a Studio apartment previously rented for $590. The 2nd floor rear is a large 1B/1B apartment and was previously rented for $790. The 3rd floor is a large 1B/1B apartment and the tenant pays $650. This property has a lot of potential for increased income and is easy to rent in this location. Schedule a tour today.

Listed by: Tom Englett 215.284.9432 tom.englett@foxroach.com • BHHS Fox & Roach-Center City Walnut

Listing closed: 12/01/2016 12:00 AM • Source: BRIGHT, MLS#: 1002481870

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Avg days on market

Sale-to-list ratio

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Location

Listing Courtesy of BHHS Fox & Roach-Center City Walnut

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$2,574 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,188

Property Taxes

$386

HOA Dues

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Property Information for 4408 Chestnut Street

Property Details

Taxes: $4,628 / year
MLS Type: Multi-Family / Fee Simple
County: Philadelphia County
Tax ID Number: 272019000
Ownership: Fee Simple
Condo Coop Association: No
HOA: No
Structure Type: Interior Row/Townhouse
Style: Other
Waterfront: No
Garage: No
Subdivision: UNIVERSITY CITY
Subdivision: UNIVERSITY CITY (PHILADELPHIA PA)
Cross Street: 44TH STREET
Municipality: PHILADELPHIA
Total Parking Spaces: 0
Central Air: No
Basement: Yes
Above Grade Finished SQFT: 3,040.00
Above Grade Fin SQFT Source: Estimated
New Construction: No
Construction Completed: No

Building Information

Year Built: 1936
Lot Size: 0.05 AC / 2,200 SF

Location

School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
School District County ID: 300200397108

County: PHILADELPHIA
MLS Area: 19104 (19104)

Waterfront / Water Access

Water View: No
Water Access: No

Water Oriented: No
Navigable Water: No
Tidal Water: No
Riparian Rights Y/N: No

Taxes and Assessment

Tax Year: 2016
Tax Assessed Value: $330,600

Improvement Assessed Value: $264,308
Land Assessed Value: $66,292
Land Use Code: U50
Zoning: RM1
Tax Lot: 142

Lease Information

Concessions: No

Unit Information

Single Room Units Count: 1
One Bedroom Units Count: 2

Two Bedroom Units Count: 1
Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Rooms

Room List: Primary Bedroom

Rooms Information

Room 1

Room Type: Primary Bedroom
Room Level: Unspecified

Room Exists: Yes

Multi Family

Unit 1

Type: Unit 4
Unit Type Occupied YN: Yes

Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: 8/31/2017

Unit 2

Type: Unit 1
Unit Type Occupied YN: No

Beds Total: 2
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: VACANT

Unit 3

Type: Unit 2
Unit Type Occupied YN: No

Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: VACANT

Unit 4

Type: Unit 3
Unit Type Occupied YN: No

Beds Total: 0
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: VACANT

Financial Information

Expenses

Annual Gross Expense: $4,628

Building Info

Total Finished SQFT: 3,040.00
Total SQFT: 3,040.00

Main Entrance Orientation: North
Construction Materials: Brick
Ext Main Mid-res: http://bright-media.brightmls.com/bright/images/0000/3005/9791/8708/300597918708_512_384_WM_NfZqkJDQbUqMJOoW.jpg
Flooring Type: Wood
Basement Type: Full, Unfinished, Outside Entrance
Storage: Basement

Lot / Land Information

Lot Size Dimensions: 20X110
Sign On Property: Yes

Parcel ID: 1046730

Parking

Type Of Parking: None
Total Non-Garage Parking Spaces: 2

Interior Features

Fireplace: No
Accessibility Features: None

Laundry Type: None

Exterior Features

Pool: No Pool
Other Structures: Above Grade

Utilities

Heating: Yes
Cooling Type: None

Heating Type: Gas
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Water Source: Public
Sewer Septic: Public Sewer

Confidential Data

Listing Office

List Agent AOR: Greater Philadelphia Association of REALTORS
List Agent URL: www.agent215.com

Property History for 4408 Chestnut Street

Date	Event & Source	Price	Appreciation
Dec 1, 2016	Closed BRIGHT #1002481870	$430,500	—
Nov 19, 2016	Closed (Public Record) Public Record #584553995	$430,500	+19.2% / yr
Oct 22, 2016	Pending BRIGHT #1002481870		—
Oct 21, 2016	Listed (Active) BRIGHT #1002481870	$450,000	—
Aug 22, 2016	Closed (Public Record) Public Record #578546737	$412,500	+5.1% / yr
Aug 22, 2016	Closed BRIGHT #1002447072	$412,500	—
Jun 28, 2016	Pending BRIGHT #1002447072		—
Jun 23, 2016	Listed (Active) BRIGHT #1002447072	$449,000	—
Dec 4, 2009	Closed (Public Record) Public Record #292506882	$295,850	—
Dec 4, 2009	Closed BRIGHT #1005249504	$295,850	—
Oct 6, 2009	Pending BRIGHT #1005249504		—
May 6, 2009	Listed (Active) BRIGHT #1005249504	$369,900	—
Sep 30, 2007	Expired BRIGHT #PAPH103912	$409,999	—
Jan 24, 2007	Listed (Active) BRIGHT #PAPH103912	$429,999	—

Date	Event & Source	Price
12/01/2016	Closed BRIGHT #1002481870	$430,500
11/19/2016	Closed (Public Record) Public Record #584553995	$430,500 +19.2% / yr
10/22/2016	Pending BRIGHT #1002481870	—
10/21/2016	Listed (Active) BRIGHT #1002481870	$450,000
08/22/2016	Closed (Public Record) Public Record #578546737	$412,500 +5.1% / yr
08/22/2016	Closed BRIGHT #1002447072	$412,500
06/28/2016	Pending BRIGHT #1002447072	—
06/23/2016	Listed (Active) BRIGHT #1002447072	$449,000
12/04/2009	Closed (Public Record) Public Record #292506882	$295,850
12/04/2009	Closed BRIGHT #1005249504	$295,850
10/06/2009	Pending BRIGHT #1005249504	—
05/06/2009	Listed (Active) BRIGHT #1005249504	$369,900
09/30/2007	Expired BRIGHT #PAPH103912	$409,999
01/24/2007	Listed (Active) BRIGHT #PAPH103912	$429,999

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4408 Chestnut Street

Taxable ValueLand$125,860Additions$503,440Total$629,300

Tax Record2026$9,957 ($830 / month)

Home Facts

Beds5Baths4Total Finished SqFt3,040 SqFtAbove Grade Finished SqFt3,040 SqFtStories3Lot Size2,200 SqFtStyleTownhouseYear Built1915Year Renovated1915ZoningRSA5CountyPHILADELPHIAAPN27-2019000

Schools near 4408 Chestnut Street

This home is within The School District of Philadelphia.


Rating	School	Type	Grades	Distance
5/10	Locke Alain School	Public - Serves this home	K to 8	0.4 mi
3/10	West Philadelphia High School	Public - Serves this home	9 to 12	0.5 mi
4/10	Paul Robeson High School For Human Services	Public - Choice school	9 to 12	0.2 mi
2/10	The Workshop School	Public - Nearby school	9 to 12	0.4 mi
5/10	Middle Years Alternative School	Public - Choice school	5 to 8	0.6 mi
4/10	Parkway West High School	Public - Choice school	9 to 12	0.7 mi
NR	The Islamic Education School - Philadelphia	Private - Nearby school	PK to 8	0.1 mi
NR	West Philadelphia Catholic High School	Private - Nearby school	9 to 12	0.1 mi
NR	Christ Academy	Private - Nearby school	K to 5	0.2 mi


Rating	School	Distance
5/10	Locke Alain School PublicK to 8 Serves this home	0.4 mi
3/10	West Philadelphia High School Public9 to 12 Serves this home	0.5 mi
4/10	Paul Robeson High School For Human Services Public9 to 12 Choice school	0.2 mi
2/10	The Workshop School Public9 to 12 Nearby school	0.4 mi
5/10	Middle Years Alternative School Public5 to 8 Choice school	0.6 mi
4/10	Parkway West High School Public9 to 12 Choice school	0.7 mi
NR	The Islamic Education School - Philadelphia PrivatePK to 8 Nearby school	0.1 mi
NR	West Philadelphia Catholic High School Private9 to 12 Nearby school	0.1 mi
NR	Christ Academy PrivateK to 5 Nearby school	0.2 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 4408 Chestnut Street, Philadelphia, PA 19104	$430,500	4	4	3,040	2,200
4412 Chestnut Street, Philadelphia, PA 19104	–	–	–	3,040	2,200
4414 Chestnut Street, Philadelphia, PA 19104	$340,000	–	–	3,040	2,200
4400 Chestnut Street, Philadelphia, PA 19104	–	–	–	3,800	–
4416 Chestnut Street, Philadelphia, PA 19104	–	–	–	3,040	2,200
4418 Chestnut Street, Unit 3, Philadelphia, PA 19104	$707,112	6	3	3,040	2,200
4418 Chestnut Street, Philadelphia, PA 19104	$707,112	6	3	3,040	2,200
4411 Sansom Street, Philadelphia, PA 19104	$265,001	4	3	2,269	1,333
4409 Sansom Street, Philadelphia, PA 19104	$505,000	4	2	2,269	1,333
4415 Sansom Street, Philadelphia, PA 19104	–	–	–	2,268	1,333
4413 Sansom Street, Philadelphia, PA 19104	$53,000	–	–	–	1,306
4405 Sansom Street, Philadelphia, PA 19104	$335,000	–	–	2,269	1,333
4407 Sansom Street, Philadelphia, PA 19104	$545,000	3	3	2,269	1,333
4419 Sansom Street, Philadelphia, PA 19104	$350,000	4	3	2,269	1,333
4417 Sansom Street, Unit 1, Philadelphia, PA 19104	$176,000	4	4	2,269	1,333
4422 Chestnut Street, Philadelphia, PA 19104	$262,500	4	4	3,040	2,200

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Listing Courtesy of BHHS Fox & Roach-Center City Walnut

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Philadelphia, PA

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