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 buildings 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.
Presented By: KW Empower
Interior Features for 707 Chestnut Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 707 Chestnut Street
AccessibilityNone
Architectural StyleOther
Association Recreation FeeN
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsPlease use GPS/Google Maps
Garage Y/NNo
HeatingCentral
Lot Size Square Feet4984.00
Lot Size UnitsSquare Feet
MLS Area19106 (19106)
ModificationTimestamp2025-06-09T10:14:29
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total2
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG118.23
Property SubtypeOther
Property TypeMulti-Family
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Tax Annual Amount20997.0
Tax Assessed Value1500000.0
Tax Lot104
Tax Year2025
Total SQFT25374
Two Bedroom5
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningCMX5
Exterior for 707 Chestnut Street
Foundation DetailsBrick/Mortar, Block, Concrete Perimeter
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