Photo of 707 Chestnut Street, Philadelphia PA
     
707 Chestnut Street
Philadelphia, PA 19106
19106 Olde City Society Hill
The School District Of Philadelphia
Philadelphia County
Asking Price$3,000,000
# of Units2
2 Bdrm Units5
Acres0.11
Interior SqFt25,374
Age125
HeatingNatural Gas
CoolingCentral A/C
WaterPublic
SewerPublic
Garages0
Taxes (2025)20,997

Description
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.

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Details
Basement - Brick/Mortar, Block, Concrete Perimeter
Exterior Features - Masonry
Cooling - Central A/C, Natural Gas
Heating - Central, Natural Gas
Hot Water - Natural Gas
Sewer - Public Sewer
Water - Public

Notes
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Assessment : 0
Latitude : 39.949780
Longitude : -75.152620
EveryHome Number : APH248-50605
Listing Courtesy KW Empower
Zoning Designation CMX5