Philadelphia, PA 19143 5013 Chester Avenue

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Presented By: RE/MAX Preferred - Cherry Hill
  • MLS# PAPH2457726
  • 03/14/2025
  • Request Tour
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  • Beds • 6

Home Details

Exceptional Corner Four-Unit Investment Property in University City Address: 5013 Chester Ave, Philadelphia, PA Price: [$719,900.00] Dont miss out on this outstanding opportunity to own a well-maintained four-unit investment property in the highly desirable University City neighborhood! Located at a prime corner with convenient access to the 13 Trolley and Regional Rail, this property is ideally situated for renters, offering ease of access to local universities, hospitals, and all that the vibrant area has to offer. Key Features: Fully Renovated 3rd Floor Apartment 2025: The 3rd-floor apartment has been completely renovated in 2025, offering fresh, modern finishes and an updated design. A great option for prospective tenants looking for stylish, move-in ready living spaces. Well-Maintained & Updated Units: This twin corner property was fully renovated in 2012, with each unit showcasing extra width, high ceilings, and abundant natural light throughout. Every apartment has its own central air conditioning and heating units, ensuring year-round comfort for tenants. Efficient and Tenant-Friendly Layout: Two 2-bedroom units One 3-bedroom unit One spacious studio apartment with office space on the lower level All units feature separate utilities, providing ease of management and reducing the burden on the owner. Modern Amenities & Peace of Mind: Laundry room and storage in the basement for tenant convenience New concrete surrounding the building for an enhanced exterior State-of-the-art security system, including automatic flood lights Property complies with Philadelphia Fire Code for added safety Newly installed 5 sewer line with a 100-year corrosion warranty Prime Location: Located near major hospitals and universities, this property attracts high-demand tenants, offering stable, long-term returns. The location is ideal for students, medical professionals, and faculty members looking for a convenient, well-maintained living space. Investment & Financing Options: For Owner Occupants: FHA financing with as little as 3.5% down Conventional financing with as little as 5% down $3,000 grant & $7,500 grant eligible For Investors: Rent-only verification Financing options with as little as 20% down Ability to buy in an LLC Pre-payment penalties allowed to secure rates in the 6% range Interest-only financing with 25% down Why This Property? High-demand University City location Fully updated, well-maintained units with modern amenities Turnkey investment with separate utilities and security features Stable rental income potential in a prime area near hospitals and universities Peace of mind with recent updates, including a new sewer line and compliance with fire codes This is an exceptional investment with the opportunity for stable returns, whether you are an owner-occupant or investor. With all the recent upgrades and strategic location, 5013 Chester Ave is a prime opportunity you dont want to miss. Call today to schedule a showing or inquire about financing options before this amazing investment opportunity slips away!
Presented By: RE/MAX Preferred - Cherry Hill

Interior Features for 5013 Chester Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
BasementFully Finished, Full, Heated, Rear Entrance, Windows, Walkout Stairs, Other, Space For Rooms, Outside Entrance, Improved
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
FlooringWood, Ceramic Tile, Carpet, Hardwood, Laminate Plank, Luxury Vinyl Plank, Other
Heating FuelElectric
Heating Y/NYes
Hot WaterOther, Electric
Interior AmenitiesCombination Kitchen/Dining, Combination Kitchen/Living, Wood Floors, Combination Dining/Living, Breakfast Area
Total Stories4
Window FeaturesDouble Hung, Double Pane

General for 5013 Chester Avenue

Acceptable FinancingConventional, Cash, FHA
AccessibilityNone
AppliancesRange Hood, Refrigerator, Dishwasher, Washer/Dryer Hookups Only, Water Heater
Architectural StyleConverted Dwelling, Traditional
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C, Multi Units
CountyPHILADELPHIA
DirectionsGPS
Electric100 Amp Service
ExclusionsTENANTS PERSONAL BELONGINGS
Garage Y/NNo
HeatingOther, Heat Pump(s), Central, 90% Forced Air
Lease TypeMonth to Month
Location TypeCorner Lot/Unit
Lot Size Square Feet2052.00
Lot Size UnitsSquare Feet
MLS Area19143 (19143)
ModificationTimestamp2025-04-29T15:15:24
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
Number of Units Leased2
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG158.22
Property ConditionVery Good, Good, Excellent
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofRubber, Shingle
School DistrictPHILADELPHIA CITY
Security FeaturesSmoke Detector, Surveillance Sys, Motion Detectors, Exterior Cameras, Carbon Monoxide Detector(s)
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Subdivision NameKINGSESSING
Tax Annual Amount1959.0
Tax Assessed Value140000.0
Tax Lot52
Tax Year2024
Total SQFT4550
Two Bedroom2
Vacation Rental Y/NNo
ViewPark/Greenbelt, Street, Other, City
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceEstimated
ZoningRSA3

Exterior for 5013 Chester Avenue

Foundation DetailsStone, Other, Brick/Mortar
Land Assessed Value28000.00
Land Use CodeU70
Lot Dimensions19.00 x 108.00
Lot FeaturesCorner, Road Frontage, Other
Lot Size Acres0.05
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOff Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Schools

Middle School N/A
Elementary School N/A
High School West Philadelphia High School

Rachel Shepherd

Price $719,900
MLS#PAPH2457726
List Date 03/14/2025
Property Type Multi-Family
Phone 703.929.4729
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