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$3,500,000

  • For Sale
  • Active
  • Commercial Service
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Prime Mixed-Use Investment Opportunity - Rittenhouse Square! Exceptional mixed-use asset located on prestigious Chestnut Street in the heart of Rittenhouse Square, Center City Philadelphia. This high-demand corner property offers strong visibility, consistent foot traffic, and long-term appreciation in one of the city's most established commercial and residential corridors. The building includes approximately 1,800 SF of ground-floor retail/office space, ideal for a variety of commercial uses, plus five (5) residential units above. Each residential unit has been fully upgraded with modern kitchens and bathrooms, newly refinished hardwood floors, separate utilities, and individual heating and central air conditioning systems, minimizing owner expenses and maximizing operational efficiency. With its central location, diverse income streams, and turnkey condition, this property is well-positioned for both stable cash flow and future upside. An ideal acquisition for investors seeking a low-maintenance mixed-use property in a proven, high-demand market. Buyer responsible to verify taxes and sq ft. VIDEOS of each apartment unit available at request!

Full Property Details for 1837 Chestnut St

General

  • Price: $3,500,000
  • Taxes: $20,920 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2570544
  • Updated: 1/1/2026
  • Added to Site: 50 day(s) ago

Business

  • Business Type: Restaurant/Bar

Interior

  • Flooring: Wood

Parking

  • Parking Type: None

Location

  • Area: 19103 (19103)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: RITTENHOUSE SQUARE
  • Cross Streets: 19Th
  • Driving Directions: Right of off 19th and Chestnut St

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump - Gas BackUp
  • Heating Fuel: Natural Gas
  • Water Heater: Other

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV, Phone, Natural Gas Available, Electric Available, Cable TV Available, Water Available, Sewer Available

Structural Information

  • Construction: Masonry
  • Building Size: 5200
  • Year Built: 1930
  • Year Built Source: Assessor
  • Property Condition: Good, Very Good

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,829
  • Lot Size Source: Assessor
  • Lot Dimensions: 19.00 x 95.00
  • Zoning: CMX5

Financial Considerations

  • Price Per Sq. Ft.: $673.08
  • Assessment Year: 2025
  • School Tax: $11,715
  • City/TownTax: $9,204
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $1,494,500
  • Tax Amount: $20,920
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: All appliances not including tenant belongings.
  • Investment: Yes
  • Lot Number: 35

Listed by RE/MAX Plus, Matin Haghkar and RE/MAX Plus, Katherine Wang

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Listing agents

— 1837 Chestnut St —

  • Matin Haghkar

    RE/MAX Plus

  • Katherine Wang

    RE/MAX Plus

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1837 Chestnut St

School District:Philadelphia City School District
NameGradesDistance
Greenfield Albert M School
2200 Chestnut Street, Philadelphia, PA 19103
K-80.3 mi
Franklin Benjamin High School
550 North Broad Street, Philadelphia, PA 19130
12-110.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1837 Chestnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/01/2026
Listed
$3,500,000
133.33%
MLS
10/10/2007
Sold
$1,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1837 Chestnut St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,920
—
$1,494,500
—
2024
$20,920
3%
$1,494,500
100%
2021
$20,373
-11%
-100%
2023
$22,782
12%
$1,627,500
12%
2020
$20,373
1%
$1,455,400
1%
2019
$20,171
3%
$1,441,000
3%
2018
$19,585
-2%
$1,399,100
-2%
2017
$19,921
—
$1,423,100
—
2016
$19,921
4%
$1,423,100
—
2015
$19,070
—
$1,423,100
—
2014
$19,070
59%
$1,423,100
1058%
2013
$12,007
—
$122,880
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by RE/MAX Plus, Matin Haghkar and RE/MAX Plus, Katherine Wang

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1837 Chestnut Street, Philadelphia, PA 19103 (MLS# PAPH2570544) is a Commercial Service property. 1837 Chestnut Street is currently listed for $3,500,000 and was received on January 01, 2026. Want to learn more about 1837 Chestnut Street? Do you have questions about finding other Commercial Service real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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