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42nd and Chestnut 4210 Chestnut St 47 Unit Apartment Building $20,075,684 CAD ($427,142 CAD/Unit) 6% Cap Rate Philadelphia, PA 19104
Executive Summary
The property is a 47-unit, 96-bed boutique mid-rise that captures the "Eds & Meds" demand from nearby Penn Medicine and the Children’s Hospital of Philadelphia (CHOP). This asset offers a stable, recession-proof tenant base with a focus on high-efficiency 2x2 and 3x3 floor plans.
Located just off the corner of 42nd Street and Chestnut Street, the building features six stories of residential space with a fitness center and video monitoring. The building is a 0.5-mile walk to Penn Presbyterian Medical Center (Penn Medicine), and offers direct SEPTA trolley access to Center City.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Located just off the corner of 42nd Street and Chestnut Street, the building features six stories of residential space with a fitness center and video monitoring. The building is a 0.5-mile walk to Penn Presbyterian Medical Center (Penn Medicine), and offers direct SEPTA trolley access to Center City.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Property Facts
| Price | $20,075,684 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $427,142 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6% | Building Size | 43,158 SF |
| No. Units | 47 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | ||
| Zoning | CMX-4 - Residential | ||
| Price | $20,075,684 CAD |
| Price Per Unit | $427,142 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 43,158 SF |
| No. Stories | 6 |
| Year Built | 2019 |
| Zoning | CMX-4 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Community-Wide WiFi
- Shuttle To Campus
- Key Fob Entry
- Smoke Detector
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 881442752 | Improvements Assessment | $14,262,713 CAD |
| Land Assessment | $1,584,746 CAD | Total Assessment | $15,847,459 CAD |
Property Taxes
Parcel Number
881442752
Land Assessment
$1,584,746 CAD
Improvements Assessment
$14,262,713 CAD
Total Assessment
$15,847,459 CAD
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42nd and Chestnut | 4210 Chestnut St
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