Patterson-Schwartz Real Estate239 Chestnut, Philadelphia, PA 19106 $1,500,000
Description
Prime Development Opportunity – Unlimited Potential! Unlock the possibilities with this rare development opportunity in a highly sought-after location in Old City Philadelphia! Situated in a thriving neighborhood, this expansive property offers endless potential for builders, investors, and visionaries looking to create something extraordinary. Whether you're looking to build a boutique residential complex, or a custom dream home, this property is a blank canvas awaiting your vision. Old City is one of Philadelphia’s most historic and vibrant neighborhoods, known for its charming cobblestone streets, rich cultural scene, and prime real estate opportunities. As the birthplace of American independence, the area blends historic charm with modern amenities, attracting residents and businesses alike. Located near major attractions like Independence Hall, the Liberty Bell, and the bustling waterfront, Old City boasts a thriving arts scene, top-rated restaurants, boutique shopping, and easy access to public transportation. With strong demand for residential and mixed-use development, this highly desirable neighborhood offers an exceptional investment opportunity in the heart of Philadelphia. Key Highlights: ✅ Prime Location – Conveniently positioned near top amenities, schools, shopping, and transportation. ✅ Expansive Lot – Generous lot size provides ample space for multi-unit development or custom build. ✅ Zoning Potential – Favorable zoning allows for a variety of residential or mixed-use projects (buyer to verify with local authorities). ✅ High Demand Area – Strong market demand ensures excellent return on investment for future development.
Lot Dimens: 25 X 106
Front Footage:
School Dist: The School District Of Philadelphia
Condo Assoc: No
Features
Utilities
Public Water, Public Sewer
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (117 schools)
Public Middle (24 schools)
Public High (59 schools)
Private (81 schools)
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This report is a detailed community overview for Philadelphia (19106), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 29
- Average salary of people in this community: $101,066
Community Summary
- Population Density (ppl / mile): 10,442
- Household Size (ppl): 1.70
- Households w/ Children: 13%
Housing Inventory
- Owned: 3,307 (43.0%)
- Rented: 3,429 (44.6%)
- Vacant: 947 (12.3%)
- Total: 7,683
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 0.5%
- Some High School: 2.8%
- High School Graduate: 8.6%
- Some College: 8.8%
- Associate Degree: 1.5%
- Bachelor's Degree: 37.1%
- Graduate Degree: 40.7%
Income by dollar range
Median Income: $107,388
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,344
- One Bedroom: $1,731
- Two Bedroom: $2,124
- Three Bedroom: $2,528
- Four Bedroom: $2,389
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-733-7047
Listing Courtesy of: Long & Foster Real Estate, Inc. , (610) 225-7440, art@lnf.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 3/18/2025.
