5235-39 Chestnut St, Philadelphia, PA 19139

Philadelphia
Local realty services provided by:ERA Valley Realty
5235-39 Chestnut St,Philadelphia, PA 19139
$3,600,000
  • 0.64 Acres
  • Lots / Land
  • Active
Listed by: jonathan aaron makar
Office: msc retail, inc.
MLS#:PAPH2635886
Source:BRIGHTMLS

Price summary

  • Price:$3,600,000

About this home

5235 Chestnut Street offers the opportunity to acquire a multifamily development site approved for 204 residential units in West Philadelphia. The project has been designed entirely within the parameters of CMX-2.5 zoning and benefits from an issued zoning permit, completed Civic Design Review, a completed Streets Department developer-services meeting, and a clean phase 1 ERSA study. Located in an Opportunity Zone census tract adjacent to the 52nd Street Market-Frankford Line station and the historic 52nd Street commercial corridor, the project has been planned as a transit-oriented, car-free development without structured parking requirements, creating a meaningful construction cost advantage. The unit mix emphasizes smaller, efficient layouts designed to maximize density and rent-per-square-foot performance. The property is subject to the Mixed Income Neighborhood Overlay. The required affordable housing component consists of 41 rent-restricted units, which may be satisfied...

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Home facts

  • Listing ID #:PAPH2635886
  • Added:46 day(s) ago
  • Updated:August 14, 2026 at 01:39 PM

Structure and exterior

  • Lot area:0.64 Acres
  • Lot Features:Irregular

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,600,000
  • Tax amount:$2,557 (2025)

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