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707 Chestnut St
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Sold

707 Chestnut St

707 CHESTNUT STREET, PHILADELPHIA, PA 19106

$2,675,000
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.

10
beds

25,374 Sq.Ft. LIVING AREA

4,984 Sq.Ft. lot

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/3/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2025 Bright MLS, Inc. all rights reserved.

Data last updated on 12/3/2025 at 2:30 AM UTC

Gaurav Gambhir

Gaurav Gambhir

Tyler Hopp

Tyler Hopp

Features & Amenities

Interior

  • total bedrooms10
  • APPLIANCES Gas Water Heater

Area & Lot

  • Status Sold
  • Living Area25,374 Sq.Ft.
  • Total Area25,374 Sq.Ft.
  • Lot Area4,984 Sq.Ft.
  • MLS® IDPAPH2485058
  • TypeMulti-Family
  • YEAR BUILT1900
  • Architecture StylesOther
  • School DistrictPHILADELPHIA CITY

Exterior

  • water SourcePublic
  • PoolNone
  • parkingNone
  • HEAT TYPENatural Gas, Central
  • AIR CONDITIONINGCentral Air, Gas
  • sewerPublic Sewer
  • SubstructureBrick/Mortar, Block, Concrete Perimeter

Financial

  • Sales Price$2,675,000
  • Real Estate Tax $20,997/yr
  • Zoning CMX5

KW EMpower

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