531 S 55TH ST, Philadelphia, PA 19143
531 S 55TH ST, Philadelphia, PA 19143
531 S 55TH ST, Philadelphia, PA 19143
531 S 55TH ST, Philadelphia, PA 19143
531 S 55TH ST, Philadelphia, PA 19143
531 S 55TH ST, Philadelphia, PA 19143
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Listed by Julian Hinson • Ergo Real Estate Company
$ 443,425
Est. payment | /mo

2,412 SqFt


Save
$ 443,425
Est. payment | /mo
Save

2,412 SqFt

Open House

Sun Oct 25, 11:00am - 2:00pm

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,412 sqft

Price per Sqft $183

Subdivision Cobbs Creek

MLS Listing ID PAPH2680688

Style Colonial

Abv Grd Liv Area 2,412

Year Built 1925

Annual Tax Amount $3,262

Tax Year 2026

Lot Size 1,552 Sqft

Acres 0.04

Lot Dimensions 16.00 x 97.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

PROPOSED TWO-FAMILY, SUBJECT TO ZONING APPROVAL - or purchase as a single-family home with a legal in-law suite and private entrance. This fully renovated Cobbs Creek property is currently a legal single-family home (zoned RSA-5) and is offered here as a proposed two-unit. The seller will provide additional egress to the basement for independent access and a custom basement kitchenette, and may consider engaging the zoning process for a two-family dwelling. Two-family use is not approved today; buyers should verify zoning and permit requirements themselves, and are encouraged to make an offer and inquire. Proposed Unit 1 (finished walkout basement level): 1 bedroom and 1 full bath with direct access to the backyard; kitchenette and additional egress to be provided by the seller. Proposed Unit 2 (main and upper levels): 3 bedrooms and 2 full baths. The open main level has new hardwood floors and a chef's kitchen with an oversized island, designer backsplash, built-in wall oven and stainless appliances, plus a sliding glass door to a large, fully fenced backyard. Upstairs, the primary bath has a freestanding soaking tub and an oversized glass-enclosed shower. 4 bedrooms, 3 full baths and about 2,412 finished sq ft in total, with all-new electric, plumbing and central air. Close to University City, Penn, the major hospitals and Center City, and a short walk to Cobbs Creek Park. Seller is offering creative financing, including seller financing and a lease-purchase option, and will consider seller concessions. A 10-year tax abatement has been applied for (approval pending). Buyer grants may be available; buyers should inquire about grant eligibility. Seller is a licensed real estate professional. Note: Some listing photos are virtually staged or AI-generated renderings, including renderings of a proposed optional basement entrance; they are for illustration only and do not show current conditions. Inquire with seller regarding this optional secondary basement access.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RSA5

Rooms

Basement Fully Finished

Interior

Hot Water Electric

Heating Hot Water

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Block, Brick/Mortar

Above Ground Finished SqFt 2412

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade

New Construction N

Schools

School District Philadelphia City

Others

Senior Community No

Tax ID 463187600

Ownership Fee Simple

SqFt Source 2412

Acceptable Financing Cash, Conventional, FHA, VA, PHFA, Seller Financing, Lease Purchase

Listing Terms Cash, Conventional, FHA, VA, PHFA, Seller Financing, Lease Purchase

Financing Cash,Conventional,FHA,VA,PHFA,Seller Financing,Lease Purchase

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Edward Rogers

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(267) 231-7212

edrogers@honestrealestate.com

12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA

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531 S 55TH ST