241-43 CHESTNUT ST #C
241-43 CHESTNUT ST #C Philadelphia, Pennsylvania 19106 United States

$800,000
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BHHS Fox & Roach-Center City Walnut

Listing Courtesy of BHHS Fox & Roach-Center City Walnut
2
Bedrooms
2
Full Baths
1
Partial Bath
2,217 Sq Ft.
Interior
Residential
Property type
2021
Year Built
PAPH999484
Web Id
PAPH999484
MLS ID
OLD CITY
Subdivision
Philadelphia City
School District
16
days ago

About 241-43 CHESTNUT ST #C

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 rooms 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 worlds 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.

Listing Courtesy of BHHS Fox & Roach-Center City Walnut

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Lusk & Associates Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

features

Style
Bi-Level

PROPERTY INFORMATION

Cooling
Central A/C
Heating
Forced Air
Sewer
Public Sewer
Style
Bi-level

ADDITIONAL INFORMATION

Body of Water
Public
Number of Units
C
Listing Courtesy of BHHS Fox & Roach-Center City Walnut