Pennsylvania
Chester
1121 MADISON STREET

$129,000

1121 MADISON STREET, Chester, PA 19013

3 beds |
1 bath |
1,568 sqft

Town Home
Built in 1930
1,742sqft lot
—— car garage
$82/sqft
Listed 3 months ago

Property Description

Investor's Dream in Chester, PA – 1121 Madison Street Discover the perfect investment opportunity with this charming property located at 1121 Madison Street in Chester, PA. This tenant-occupied home has been a reliable income source for over five years, currently operating on a month-to-month lease with tenants eager to stay. With a current CAP rate of 9.48% and the potential to reach 10.8% upon lease renewal, this property offers both stability and growth. Step inside to an inviting open-concept layout featuring a spacious living and dining room combo that seamlessly connects to the kitchen. The kitchen, while compact, is designed for efficiency, making meal prep a breeze. Adjacent to the kitchen, you'll find a convenient first-floor laundry area and a bonus mudroom leading to the fully fenced, expansive backyard – a great space for outdoor activities and gatherings. Upstairs, the home offers three well-sized bedrooms, each providing ample closet space for tenants' needs. The full bathroom is equipped with a shower/tub combo, ensuring convenience and versatility. Additionally, the property includes a full, unfinished basement, ideal for extra storage or potential future enhancements. With a total of 1,568 square feet of living space on a 1,612 square foot lot, this property combines comfort, practicality, and investment potential. Don't miss out on this exceptional opportunity to expand your real estate portfolio with a promising asset in Chester, PA. Interested in expanding your rental portfolio even more? Take a look at 1119 Madison, right next door MLS #PADE2084808. Also tenant occupied for immediate rental income! Contact us today to explore this smart investment! Property to sell in As-Is condition, asking price is reflective of the condition.

Listing Status:: Pending
Date Added:: June 3, 2025 at 05:00AM
Listing Office:: Compass Pennsylvania, LLC : 2673805813
Listing Agent:: Jennifer J Rothenberger : 8563222964
MLS ID:: PADE2084876

This listing courtesy of Jennifer J Rothenberger, Compass Pennsylvania, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Stetser Elementary School

808 E 17th St, Chester, PA, 19013

Grades PK-6

0.58 miles away

STEM at Showalter

1100 W 10th St, Chester, PA, 19013

Grades 7-12

1.09 miles away

Chester High School

232 W 9th St, Chester, PA, 19013

Grades 9-12

0.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.