502-504 South 41st Street

Philadelphia, PA 19104

$1,537,000
Last Sold Price
9
Beds
7,980 Sq. Ft.
$193 / Sq. Ft.
7,980
Sq. Ft.
$193
per Sq. Ft.

Description

502-504 S. 41st is a rare 9 unit detached property (actually both sides of a really cool twin). It includes a rear lot that readily accommodates 8 cars (in a neighborhood known for tight parking). This property is situated on a 0.3-acre lot. Tremendous character but some deferred maintenance leaves room for great improvements. The 502 Property includes three 3-bedroom units. Impressive, original balconies. Hardwood floors. Landlord has typically rented 502 as one house, though it is currently rented...502-504 S. 41st is a rare 9 unit detached property (actually both sides of a really cool twin). It includes a rear lot that readily accommodates 8 cars (in a neighborhood known for tight parking). This property is situated on a 0.3-acre lot. Tremendous character but some deferred maintenance leaves room for great improvements. The 502 Property includes three 3-bedroom units. Impressive, original balconies. Hardwood floors. Landlord has typically rented 502 as one house, though it is currently rented as separate units. 504 has six units. Generate higher rents/reduce expenses with improvements. 84.5' x. 154.5' lot size and 7,980 finished, above-grade square feet. NOTES--Two separate deeds; offered as single package (taxes and other data reflect the combined property). All nine units have separate electric. 504 has separate gas (though tenants pay gas in both properties). Owner pays water (if 502 is rented as a single home, then tenants can pay gas and water). LOCATION--This impressive building is situated in an idea location just off the campus of University of The Sciences and close to Close to HUP, CHOP, Penn, Drexel, Presby, Science Center. 12 minutes to Center City by car or bike and plenty of convenient SEPTA options. Close to so many amenities: Easy walk to Clark Park and its fabulous Farmers' Market, Clarkville, Green Line Coffee, the movie theater, so many restaurants, and Fresh Grocer around 40th & Walnut, and all that University City has to offer. Plus 12 minutes to Center City by car or bike and plenty of convenient SEPTA options (one block from the Green Line hub). NOTE--The landlord currently does not rent the parking, so this is an additional source of income. Regarding 502, Landlord missed the current rental cycle to rent as an entire home, which curtailed the current income for this year. INCOME & EXPENSES & RENTAL INFORMATION AVAILABLE. Note--Property is on the Philadelphia Historic Register. It is subject to the jurisdiction of the Philadelphia Historic Commission.

Listing Agent

  1. Jeff City Block

    Jeff City Block

    Listing Agent

    Compass

    jeff.block@compass.com

    P: 215.833.7088

Property Details for 502-504 South 41st Street

Tax ID Number
271193100 & 88160900
Ownership
Fee Simple
HOA
No
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Subdivision
UNIVERSITY CITY

Location

Sold By LNY Realty, LLC

Add your commute
LISTING UPDATED: 05/06/2022 03:03 PM

Property Details for 502-504 South 41st Street

StatusClosed
MLS #PAPH788738
Days on Market24
Taxes$5,685 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.30 AC / 13,058 SF
CountyPhiladelphia County

Location

Sold By LNY Realty, LLC

Add your commute

Building Information for 502-504 South 41st Street

Stories-Residences3Year Built1930Building Size-Lot Size0.30 AC / 13,058 SF

Payment Calculator

$8,862 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,388

Property Taxes

$474

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502-504 South 41st Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19104 (19104)
Waterfront / Water Access
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
Taxes and Assessment
  • Tax Year: 2020
  • Tax Assessed Value: $406,100
  • Year Assessed: 2020
  • Improvement Assessed Value: $345,221
  • City Town Tax: $2,565
  • Land Assessed Value: $60,879
  • Clean Green Assessed: No
  • Land Use Code: N50
  • Zoning: RTA1
  • Tax Lot: 63
  • School Tax: $3,119
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: Yes
Lease Information
Lease Information
  • Concessions: Yes
  • Concessions Amount: $13,000
  • Concession Remarks: Inspection
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 3
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9
  • Number Of Units Vacant: 1
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 3
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 3
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 3
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
Unit 5
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
Unit 6
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
Unit 7
  • Type: Unit 7
  • Unit Type Occupied YN: Yes
Unit 8
  • Type: Unit 8
  • Unit Type Occupied YN: Yes
Unit 9
  • Type: Unit 9
  • Unit Type Occupied YN: Yes
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 7,980.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 84.5 x 154.5
  • Parcel ID: 1046593
Parking
Parking
  • Type Of Parking: Off Street
  • Total Non-Garage Parking Spaces: 8
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air, Radiator
  • 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.cityblockteam.com

Property History for 502-504 South 41st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 502-504 South 41st Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Penn Alexander School
PublicK to 8

West Philadelphia High School
Public9 to 12

The Workshop School
Public9 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.