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5237 Chester Avenue

PHILADELPHIA, PA 19143
  • $649,000
  • STATUS: Active
  • ON SITE: 82 Days
  • ID#: PAPH2422686
UPDATED: 35 min ago
$649,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,672
    SQFT
  • $243
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

CHESTER AVE LOFTS: It is my distinguished honor to present to you 5237 Chester Ave. Philadelphia, PA 19143. Located in the Heart of Kingsessing, Southwest Philadelphia, adjacent to a transformative intersection, anchored by a Commercial Mixed Use Corridor and surrounded by residential properties and commercial spaces, Southwest Philadelphia has undergone a radical transformation and evolution in the last few decades. We are directly on a trolley line transportation hub that takes you to University City and the major universities, including University of the Sciences of Philadelphia(USP), Drexel University, and the University of Pennsylvania, an Ivy League Institution, as well as to Center City substations. Across the street are 2 massive multi-unit development projects, as well as an institutional subdivision development. See attached pro-forma which shows 11+ Capitalization rate, with potential $6000-$7000/monthly cash flow. Enter this 3 story 2,672 Square Ft Building with 6 units featuring 1 Bed|1 Bath apartments newly renovated ranging from $1000-$1200/month. All of the units are renovated with beautifully designed kitchen, equipped with granite countertops, modern appliances including a gas stove, microwave, refrigerator, and dishwasher. The kitchen features ceiling lighting, luxury vinyl flooring, and a garbage disposal. This apartment unit features floors and vinyl flooring, high ceilings, newly renovated throughout with new stainless steel appliances. The bathroom has been recently updated with a new vanity, mirror, shower, toilet, and new tile flooring. Each unit has electric baseboards, The property is filled with radiant natural light and illumination from beautiful windows. The property is close to bus stops and close to multi-modal public transportation, Walk to public transportation (Bus and Trolley), Kingsessing Recreation Center, shops, eateries, local market, and in proximity to businesses such as cafes, bars, eclectic and multicultural cuisine and food establishments. Come live in Kingsessing, where there are many things to do and people in a thriving community. We are filling up the building with tenants and can have the entire building occupied by the time of acquisition settlement. We have thoroughly screened and evaluated all potential applicants. To apply, we are running credit reports, criminal backgrounds, eviction history, and reviewing all income & financial documentation. If you are selected as a tenant, we will collect the first, last & security deposit(one month). There are no minimum score requirements. The entire financial and credit profile will be reviewed in its entirety to determine application viability. Pets are permissible on a case by case scenarios and there is no smoking allowed. In addition to this multi-unit, we are also listing a 3 unit, Commercial Mixed Use on 5129 Chester Ave. down the block. We look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties. Thank you for the opportunity to showcase this home and we wish you the best of luck in your investment portfolio search.

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. 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. Data last updated: 2025-02-13T23:51:55.103.
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5237 Chester Avenue PHILADELPHIA, PA 19143

  • Price: $649,000
  • Status: Active
  • On Site: 82 Days
  • Updated: 35 min ago
  • ID#: PAPH2422686
0
Beds
0
Baths
0
½ Baths
0.05
Acres
2,672
SQFT
$243
$/SQFT
1900
Built
Neighborhood:
19143 (19143)
County:
Philadelphia
Area:
19143 (19143)
School District:
Philadelphia City
Property Description
CHESTER AVE LOFTS: It is my distinguished honor to present to you 5237 Chester Ave. Philadelphia, PA 19143. Located in the Heart of Kingsessing, Southwest Philadelphia, adjacent to a transformative intersection, anchored by a Commercial Mixed Use Corridor and surrounded by residential properties and commercial spaces, Southwest Philadelphia has undergone a radical transformation and evolution in the last few decades. We are directly on a trolley line transportation hub that takes you to University City and the major universities, including University of the Sciences of Philadelphia(USP), Drexel University, and the University of Pennsylvania, an Ivy League Institution, as well as to Center City substations. Across the street are 2 massive multi-unit development projects, as well as an institutional subdivision development. See attached pro-forma which shows 11+ Capitalization rate, with potential $6000-$7000/monthly cash flow. Enter this 3 story 2,672 Square Ft Building with 6 units featuring 1 Bed|1 Bath apartments newly renovated ranging from $1000-$1200/month. All of the units are renovated with beautifully designed kitchen, equipped with granite countertops, modern appliances including a gas stove, microwave, refrigerator, and dishwasher. The kitchen features ceiling lighting, luxury vinyl flooring, and a garbage disposal. This apartment unit features floors and vinyl flooring, high ceilings, newly renovated throughout with new stainless steel appliances. The bathroom has been recently updated with a new vanity, mirror, shower, toilet, and new tile flooring. Each unit has electric baseboards, The property is filled with radiant natural light and illumination from beautiful windows. The property is close to bus stops and close to multi-modal public transportation, Walk to public transportation (Bus and Trolley), Kingsessing Recreation Center, shops, eateries, local market, and in proximity to businesses such as cafes, bars, eclectic and multicultural cuisine and food establishments. Come live in Kingsessing, where there are many things to do and people in a thriving community. We are filling up the building with tenants and can have the entire building occupied by the time of acquisition settlement. We have thoroughly screened and evaluated all potential applicants. To apply, we are running credit reports, criminal backgrounds, eviction history, and reviewing all income & financial documentation. If you are selected as a tenant, we will collect the first, last & security deposit(one month). There are no minimum score requirements. The entire financial and credit profile will be reviewed in its entirety to determine application viability. Pets are permissible on a case by case scenarios and there is no smoking allowed. In addition to this multi-unit, we are also listing a 3 unit, Commercial Mixed Use on 5129 Chester Ave. down the block. We look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties. Thank you for the opportunity to showcase this home and we wish you the best of luck in your investment portfolio search.
Exterior Features

Architectural Style AirLiteStraight Thru Construction Materials Masonry Garage YN No Lot Features Rear YardSideYard(s) Parking Types On Street Pool No Pool Property Condition Excellent Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2672 Appliances DishwasherDryer - ElectricDryerOven/Range - GasWasherWater Heater Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Fireplace YN No Flooring Luxury Vinyl Plank Heating Baseboard - Electric Heating YN Yes Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished None

Property Features

Acceptable Financing CashConventionalBank PortfolioPrivateVariableOther Accessibility Features None Central Air YN No Cooling Fuel Other Electric 100 Amp Service Existing Lease Type Yearly Foundation Details Concrete Perimeter Heating Fuel Electric Historic YN No Hot Water Electric Insurance Expense 2500.00 Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 6 Number Of Units Total 1 Number Of Units Vacant 6 Operating Expense Includes TrashInsurance Original MLSNumber 803499980128 Owner Pays Water Ownership Interest Fee Simple Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 1515.00 Tax Lot 90 Total Actual Rent 80000.00 Vacation Rental YN No Water Source Public Year Built Effective 2022 Zoning RSA5 Zoning Description Variance for 6 unit dwelling

Listing courtesy of KW Empower: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. 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. Data last updated: 2025-02-13T23:51:55.103.
 
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