241-43 Chestnut St #D, Philadelphia, PA, 19106

241-43 Chestnut St #D, Philadelphia, PA, 19106 < >
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for sale
$1,199,000
Bedrooms:3
Bathrooms:3
Square Feet:3021
Year Built:2021
Status:Active
MLS #:PAPH999570
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
Get More Information
Go See This Home
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.
Interior Details
Above Grade Fin SQFT: 3021Architectural Style: Bi-level
Bathrooms Full: 3Below Grade Fin SQFT: 0
Below Grade Finished Area Units: Square FeetFireplaces Count: 0
Levels Count: 2

Exterior Details
Water Access YN: NWaterfront YN: N
Water Oriented YN: NNavigable Water YN: N

Community Information
HOA/Condo/Coop Amenities: NoneHOA YN: N
Senior Community YN: NZoning: CMX3
MLS Area: 19106 (19106)County: PHILADELPHIA
Subdivision Name: OLD CITY

School Details
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Property Information From MLS Data
Accessibility Features: NoneStory List: Main
Virtual Tour: Click hereYear Built: 2021
New Construction YN: NDOM: 13

Financial Information
HOA/Condo/Coop Fee Includes: NoneTax Annual Amount: 1510.0
Tax Year: 2020Sale Type: Standard

Utilities
Sewer Septic: Public SewerWater Source: Public
Cooling Type: Central A/CCooling Fuel: Electric
Heating Type: Forced AirHeating Fuel: Natural Gas
Hot Water: Natural Gas

Listing Information Courtesy of:
Co List Agent Full Name: Rachel J Iannotti
List Office Name: BHHS Fox & Roach-Center City Walnut
Co List Office Name: BHHS Fox & Roach-Center City Walnut
List Agent Full Name: Frank L DeFazio

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Monthly Payment for 241-43 Chestnut St #D
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,199,000
Down Payment:
Loan Amount:$959,200
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Frank L DeFazio, BHHS Fox & Roach-Center City Walnut

Information obtained from Bright MLS is current as of 4/14/2021 1:20 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is 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.
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