5235-39 Chestnut St, Philadelphia, PA 19139
Local realty services provided by:CENTURY 21 Mertz & Associates
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 through Housing Choice Voucher tenants. Current Philadelphia Housing Authority payment standards greatly exceed traditional 40% AMI rent levels, providing additional flexibility in executing the project's affordability requirements.
With key approvals already secured and substantial predevelopment work completed, 5235 Chestnut Street provides developers with a clear path toward construction while avoiding one of the most significant risks in the Philadelphia entitlement process....
Contact an agent
Home facts
- Listing ID #:PAPH2635886
- Added:30 day(s) ago
- Updated:July 29, 2026 at 01:56 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)
New listings near 5235-39 Chestnut St
- New
$239,000Active4 beds 3 baths1,260 sq. ft.Address Withheld By Seller, PHILADELPHIA, PA 19136
MLS# PAPH2629060Listed by: BHHS FOX & ROACH-MOORESTOWN - Coming Soon
$210,000Coming Soon2 beds 2 baths6834 Walker St, PHILADELPHIA, PA 19135
MLS# PAPH2647208Listed by: BHHS FOX & ROACH-GREENVILLE - Open Fri, 5:30 to 7:30pmNew
$525,000Active3 beds 2 baths1,259 sq. ft.1121 Rodman St #12, PHILADELPHIA, PA 19147
MLS# PAPH2651702Listed by: ENGEL & VOLKERS - Coming Soon
$230,000Coming Soon2 beds 2 baths4000 Gypsy Ln #318a1, PHILADELPHIA, PA 19129
MLS# PAPH2651940Listed by: KELLER WILLIAMS REALTY GROUP - New
$200,000Active3 beds 1 baths1,176 sq. ft.6517 Algard St, PHILADELPHIA, PA 19135
MLS# PAPH2652012Listed by: RE/MAX PROPERTIES - New
$275,000Active2 beds -- baths1,074 sq. ft.532 Turner St, PHILADELPHIA, PA 19122
MLS# PAPH2652130Listed by: KELLER WILLIAMS MAIN LINE - New
$140,000Active2 beds 1 baths784 sq. ft.1325 S Hollywood St, PHILADELPHIA, PA 19146
MLS# PAPH2652596Listed by: MCCARTHY REAL ESTATE - Coming Soon
$259,900Coming Soon3 beds 2 baths2827 Wilmot St, PHILADELPHIA, PA 19137
MLS# PAPH2652926Listed by: RE/MAX ONE REALTY - New
$389,000Active6 beds -- baths2,394 sq. ft.4133 Pennsgrove St, PHILADELPHIA, PA 19104
MLS# PAPH2653002Listed by: TESLA REALTY GROUP, LLC - New
$299,999Active3 beds 3 baths2,025 sq. ft.808 S 56th St, PHILADELPHIA, PA 19143
MLS# PAPH2653360Listed by: HONEST REAL ESTATE