See Home Value
$850,000
Condo - Off Market

241-43 CHESTNUT ST #C

PHILADELPHIA, PA 19106
bedrooms
2 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2217 Sqft
$936,450
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Rarely does an opportunity present itself to build your dream home in the middle of the most historic neighborhood in the country. Presently unfinished, this spacious bi-level home has over 2,200 sf of interior space that can be configured as a 2-bedroom or a 3-bedroom layout.  Visitors exiting from the elevator directly into the unit will be immediately awed by the breathtaking size and style of the four new windows in the living room overlooking Chestnut Street, and the open 2-story loft layout that begs to be utilized for amazing modern living. The full-width interior balcony overlooking the 2-story living room has a stunning view through the living room's windows.  There is great potential here for the most discerning owner occupants and investors. The buyer can easily rebuild this unit as an extremely spacious 2-bedroom, 2.5-bathroom residence by simply reinstalling framing in accordance with existing drawings – or reconfigure it as a 3-bedroom, 2.5-bathroom home.  This historic building has just undergone a complete $4.5 million gut-renovation. Upgrades and replacements too numerous to describe include a new roof, new steel bracing, new modern elevator, new gas lines, new HVAC lines, new major plumbing, new major electric, other new mechanicals, new security, fire alarm and sprinkler systems, a new lobby and all other common areas completely redone. There is virtually nothing left from the original building constructed in 1847 but the unique character of its historic brick exterior.  Positioned directly across from the Museum of the American Revolution and amidst national parks and landmarks, you are within short walking distance to Independence Hall, Penn's Landing, The Liberty Bell, nationally acclaimed restaurants like Zahav, Morimoto, Amada and Buddakan and dozens of other well-known gourmet restaurants, in a terrific school district, and surrounded by trendy boutiques and galleries. The soon to come I-95 "Over-cap Park" will be just two blocks away.  In another unique opportunity, this unit may be combined with the adjacent Unit D, a 3,000+ sf home with 2-3 bedrooms and 2.5 bathrooms, which is also for sale, and can be easily joined with this Unit C through a shared wall. Buy the two units and you will have an absolutely one-of-a-kind 5,200+ sf residence with 4-6 bedrooms and 5-6 bathrooms, or renovate Unit D for yourself and turn this Unit C in the world's best in-law suite.  Carrying costs for any buyer will be very low for a long time. Because everything in the building is brand new, it has no deferred maintenance and extremely low condo fees. Taxes have been reduced to only $1,200 (!) per year due to the building overhaul, and the buyer will enjoy a full 10-year tax abatement if renovations begin in 2021.
Unit Size
2,217Ft²
Days on Market
267 days
Land Size
-
Price per sqft
$383
Property Type
Condo
Property Taxes
$100
HOA Dues
-
Year Built
-
Last updated: 10 months ago (Bright MLS #PAPH999484)

Price History

Date / Event Date Event Price
Dec 23, 2021 Sold $850,000
Sold
Mar 31, 2021 Listed by BHHS Fox & Roach-Center City Walnut $850,000
Listed by BHHS Fox & Roach-Center City Walnut

Property Highlights

Air Conditioning
Parking Details
Parking Features: On Street
Interior Details

Bedroom Information

Bedrooms on Main Level: 2

Interior Information

Living Area Square Feet Source: Assessor


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
2 Beds
2 Baths
2,181 ft²
$386/ft²
$842,500 Mar 2, 2023
$842,500 May 15, 2023
-
Condo
2 Beds
2 Baths
2,064 ft²
$339/ft²
$699,900 Oct 26, 2021
$699,900 Jan 18, 2024
-
Condo
2 Beds
2 Baths
1,913 ft²
$376/ft²
$720,000 Apr 1, 2023
$720,000 Oct 13, 2023
-
Condo
2 Beds
2 Baths
2,684 ft²
$326/ft²
$875,000 Sep 14, 2022
$875,000 Jun 16, 2023
-
Condo
2 Beds
2 Baths
1,913 ft²
$366/ft²
$700,000 May 5, 2023
$700,000 Dec 13, 2023
-
Condo
2 Beds
2 Baths
1,790 ft²
$458/ft²
$820,000 Oct 16, 2023
$820,000 Jan 15, 2024
-
Condo
2 Beds
3 Baths
2,230 ft²
$381/ft²
$850,000 Apr 8, 2024
-
-
Condo
2 Beds
3 Baths
2,176 ft²
$391/ft²
$850,000 Mar 14, 2024
-
-
Condo
2 Beds
3 Baths
1,934 ft²
$413/ft²
$799,000 Apr 8, 2024
-
-
Condo
2 Beds
3 Baths
2,000 ft²
$500/ft²
$1,000,000 Mar 21, 2024
-
-
Condo
2 Beds
2 Baths
1,674 ft²
$523/ft²
$875,000 Apr 15, 2024
-
-
Condo
2 Beds
2 Baths
1,713 ft²
$525/ft²
$899,900 Feb 8, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210331 Unit D
03/31/2021
D
3 Bed
3 Bath
3021 ft²
$1,300,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
3021 ft²
$1,300,000
12/23/2021
-
Rachel Iannotti
BHHS Fox & Roach-Center City Walnut
20210331 Unit C
03/31/2021
C
2 Bed
3 Bath
2217 ft²
$850,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
2217 ft²
$850,000
12/23/2021
-
Rachel Iannotti
BHHS Fox & Roach-Center City Walnut
20120601 Unit G
06/01/2012
G
2 Bed
2 Bath
2250 ft²
$1,150,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
2250 ft²
$1,100,000 -4.35%
01/31/2013
-
Michael Sivel
BHHS Fox & Roach-Chestnut Hill

Building Info

241-43 Chestnut Street 241-43 Chestnut Street, Philadelphia, PA 19106
  • 1 Unit for Sale
More about this Building
241-43 Chestnut Street
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About Center City


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