531 S 55th St, Philadelphia, PA 19143
Local realty services provided by:ERA Valley Realty
531 S 55th St,Philadelphia, PA 19143
$443,425
- 4 Beds
- - Baths
- 2,412 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Oct 2511:00 am - 02:00 pm
Listed by: julian v hinson
Office: ergo real estate company
MLS#:PAPH2680688
Source:BRIGHTMLS
Price summary
- Price:$443,425
- Price per sq. ft.:$183.84
About this home
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....
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Home facts
- Year built:1925
- Subdivision & Development:COBBS CREEK
- Listing ID #:PAPH2680688
- Added:10 day(s) ago
- Updated:October 18, 2026 at 01:53 PM
Rooms and interior
- Bedrooms:4
- Basement:Yes
- Basement Description:Fully Finished
- Living area:2,412 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1925
- Building area:2,412 sq. ft.
- Lot area:0.04 Acres
- Architectural Style:Colonial
- Construction Materials:Masonry
- Foundation Description:Block, Brick/Mortar
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$443,425
- Price per sq. ft.:$183.84
- Tax amount:$3,262 (2026)
Parking
- Parking description:On Street
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