See Home Value
$1,300,000
Condo - Off Market

241-43 CHESTNUT ST #D

PHILADELPHIA, PA 19106
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3021 Sqft
$1,432,217
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 3,000 sf of interior space, and an enormous 575 sf outdoor terrace with hot tub and pergola.  Visitors exiting from the elevator directly into the unit will be immediately awed by soaring ceilings, huge windows with magnificent views, original brick throughout, and a loft style second floor.  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 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 C, a 2,200+ sf loft with 2 bedrooms and 2 bathrooms, which is also for sale, and can be easily joined with this Unit D through a shared wall. Use Unit C as a large and luxurious in-law suite or to enlarge Unit D into a magnificent 5,200+ sf residence with 4-6 bedrooms and 5-6 bathrooms.  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 $1,500 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
3,021Ft²
Days on Market
267 days
Land Size
-
Price per sqft
$430
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
-
Last updated: 10 months ago (Bright MLS #PAPH999570)

Price History

Date / Event Date Event Price
Dec 23, 2021 Sold $1,300,000
Sold
Mar 31, 2021 Listed by BHHS Fox & Roach-Center City Walnut $1,300,000
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: 3

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
3 Beds
3 Baths
2,750 ft²
$469/ft²
$1,290,000 Jul 25, 2023
$1,290,000 Sep 21, 2023
$1,184/mo
Condo
3 Beds
3 Baths
2,740 ft²
$456/ft²
$1,250,000 May 5, 2023
$1,250,000 Jun 20, 2023
-
Condo
3 Beds
4 Baths
2,747 ft²
$417/ft²
$1,145,000 Dec 2, 2020
$1,145,000 Jan 22, 2021
-
Condo
3 Beds
3 Baths
2,517 ft²
$550/ft²
$1,385,000 Mar 7, 2022
$1,385,000 Jun 2, 2022
-
Condo
3 Beds
3 Baths
2,569 ft²
$395/ft²
$1,013,625 Sep 25, 2021
$1,013,625 Dec 10, 2021
-
Condo
3 Beds
3 Baths
2,556 ft²
$554/ft²
$1,415,000 Oct 25, 2021
$1,415,000 Nov 8, 2023
-
Condo
3 Beds
4 Baths
2,549 ft²
$449/ft²
$1,145,000 Apr 2, 2024
-
-
Condo
3 Beds
3 Baths
2,567 ft²
$467/ft²
$1,200,000 Mar 28, 2024
-
-
Condo
3 Beds
2.5 Baths
2,567 ft²
$467/ft²
$1,200,000 Mar 28, 2024
-
$1,146/mo
Condo
3 Beds
3 Baths
2,179 ft²
$500/ft²
$1,090,000 Mar 6, 2024
-
-
Condo
3 Beds
4 Baths
2,059 ft²
$607/ft²
$1,250,000 Mar 26, 2024
-
$1,602/mo
Townhouse
3 Beds
3 Baths
3,264 ft²
$397/ft²
$1,295,000 Apr 17, 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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