1. Pennsylvania
  2. Philadelphia
  3. 707 CHESTNUT STREET
$3,000,000

707 CHESTNUT STREET, Philadelphia, PA 19106

  • 25,374 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $118/sqft
  • Property List Date Icon Listed 1 month ago

Property 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.

Listing Status:
Active
Date Added:
June 5, 2025 at 05:00AM
Listing Office:
KW Empower : 2156273500
Listing Agent:
Gaurav Gambhir : 2679943870
MLS ID:
PAPH2485058
  • A/C: Central A/C
  • Heating: YCentralNatural Gas
  • Disability Feature: None

This listing courtesy of Gaurav Gambhir, KW Empower

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

General George A. McCall School

325 S 7th St, Philadelphia, PA, 19106

Grades KG-8

0.36 miles away

G

General George A. McCall School

325 S 7th St, Philadelphia, PA, 19106

Grades KG-8

0.36 miles away

C

Constitution High School

18 S 7th St, Philadelphia, PA, 19106

Grades 9-12

0.04 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.