707 Chestnut Street, Philadelphia, PA 19106 - Photo 1

1/1

$2,675,000

Sold
Closed
Multi-Family

1/1

Property Description

On behalf of ownership, The TCS Group is pleased to present the exclusive opportunity to acquire the fee simple interest in 707 Chestnut Street - home to Jefferson Flats, a boutique collection of five well-appointed two-bedroom apartments located in the heart of Center City Philadelphia. The property also features 4,200 square feet of prime ground-floor retail space, currently leased to an established restaurant operator with a newly extended lease. An additional 4,546 square feet of commercial space spans the second and third floors, offering flexible potential for various future uses. This offering presents new ownership with a compelling value-add opportunity. With modest upgrades to the building's common areas and light cosmetic enhancements to the residential units, there is strong potential to increase rental income. Moreover, a strategic approach to activating and monetizing the upper-level commercial space can unlock significant additional cash flow for an incoming investor.

Full Property Details

Full Property Details for 707 Chestnut St

General

Sold For: $2,675,000
Taxes: $20,997 (2025)
Status: Closed
Type: Multi-Family
Source: BrightMLSPhilly
MLS ID: PAPH2485058
Added to Site: 226 day(s) ago

Parking

Parking Type: None

Location

Area: 19106 (19106)
Municipality: PHILADELPHIA
County: Philadelphia
Driving Directions: Please use GPS/Google Maps

School Information

School District: Philadelphia City

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Natural Gas
Heating Type: Central
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Other
Architectural Style: Other
Structure Type: Twin/Semi-Detached
Construction: Masonry
Foundation: Brick/Mortar, Block, Concrete Perimeter
Stories/Levels: 0
Square Feet: 25,374
Sq. Ft. Source: Assessor
Living Area: 25,374 Sq. Ft.
Finished Above Grnd: 25,374 Sq. Ft.
Year Built: 1900
Year Built Source: Assessor

Unit Information

2 Bedroom Units: 5

Lot Features

Lot Size (Acres): 0.11
Lot Size (Sq. Ft.): 4,984
Lot Size Source: Assessor
Lot Dimensions: 28.00 x 178.00
Zoning: CMX5

Financial Considerations

Price Per Sq. Ft.: $118.23
Assessment Year: 2025
School Tax: $11,758
City/TownTax: $9,238
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $1,500,000
Tax Amount: $20,997
Tax Year: 2025
Terms: Standard Sale
Tax Total Finished Sq. Ft.: 25374

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 104

Listed by KW Empower, Gaurav Gambhir and KW Empower, Tyler Hopp
Sold by Dale You & Associates, Dale You

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Listing agents

— 707 Chestnut St —

Gaurav Gambhir

KW Empower
Tyler Hopp

KW Empower

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Schools

Schools serving 707 Chestnut St

School District:Philadelphia City School District

Name	Grades	Distance
McCall Gen George A School 325 South 7th Street, Philadelphia, PA 19106	K-8	0.3 mi
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130	12-11	1.1 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 707 Chestnut St

Date

Details

Price

Change

Source

10/09/2025

Sold

$2,675,000

-10.83%

MLS

6/05/2025

Listed

$3,000,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Bath
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Beds
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Total Bath
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Price Reduced

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Townhouse
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3
Beds
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Total Baths
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Price Reduced

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Townhouse
Active
Updated 1 day ago

3
Beds
2
Total Baths
1,328
Sq. Ft.

Listed by Weichert Realtors-Cherry Hill, Miledy A Cruz Pena

707 Chestnut Street, Philadelphia, PA 19106 (MLS# PAPH2485058) is a Multi-Family property that was sold at $2,675,000 on October 09, 2025. Want to learn more about 707 Chestnut Street? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

707 Chestnut St Philadelphia, PA 19106