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!
For sale
Price cut: $100K (6/15)
$3,288,000
1837 Chestnut St, Philadelphia, PA 19103
5beds
--baths
20,000sqft
Multi Family
Built in 1930
-- sqft lot
$3,095,400 Zestimate®
$164/sqft
$-- HOA
What's special
- 166 days |
- 293 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Matin Haghkar 215-422-3711,
RE/MAX Plus 2154223711,
Co-Listing Agent: Katherine Wang 646-379-7109,
RE/MAX Plus
Source: Bright MLS,MLS#: PAPH2575438
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 10000
Heating
- Heat Pump, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Water Heater
Features
- Flooring: Wood
- Has fireplace: No
Interior area
- Total structure area: 20,000
- Total interior livable area: 20,000 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: Doors - Swing In
Features
- Pool features: None
Lot
- Size: 1,829 Square Feet
- Dimensions: 19.00 x 95.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 871268200
- Zoning: CMX5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: A-Frame
- Property subtype: Multi Family
Materials
- Masonry
Condition
- Good,Very Good
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Phone, Natural Gas Available, Electricity Available, Cable Available, Water Available, Sewer Available
Community & HOA
Community
- Subdivision: Rittenhouse Square
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $164/sqft
- Tax assessed value: $1,494,500
- Annual tax amount: $20,920
- Date on market: 1/15/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,1031 Exchange,Conventional
- Inclusions: All Appliances Not Including Tenant Belongings.
- Ownership: Fee Simple
- Total actual rent: 162000
Estimated market value
$3,095,400
$2.94M - $3.25M
$3,273/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Price change | $3,288,000-3%$164/sqft |
Source:  Bright MLS #PAPH2575438 Report a problem | ||
| 3/18/2026 | Price change | $3,388,000-3.2%$169/sqft |
Source: Bright MLS #PAPH2575438 Report a problem | ||
| 1/16/2026 | Listed for sale | $3,500,000+133.3%$175/sqft |
Source: Bright MLS #PAPH2575438 Report a problem | ||
| 10/12/2007 | Sold | $1,500,000$75/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,920 -8.2% | $1,494,500 -8.2% |
| 2024 | $22,782 | $1,627,500 |
| 2023 | $22,782 +11.8% | $1,627,500 |
| 2022 | $20,373 | -- |
| 2021 | $20,373 +1% | -- |
| 2018 | $20,171 | -- |
| 2017 | $20,171 +3% | -- |
| 2016 | $19,582 -1.7% | -- |
| 2015 | $19,921 | -- |
| 2014 | $19,921 | $1,423,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Rittenhouse
Nearby schools
GreatSchools rating
- 9/10Greenfield Albert M SchoolGrades: K-8Distance: 0.3 mi
- 2/10Franklin Benjamin High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Pennsylvania
- Philadelphia County
- Philadelphia
- 19103
- Rittenhouse
- 1837 Chestnut St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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