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MLS: #PAPH2635886, Listed By: Jonathan Makar, MSC Retail, Inc., Source:Bright MLS

5235 Chestnut Street

PHILADELPHIA, PA 19139
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Acres0.64

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Land

Price : $3,600,000

AD Id : 87346015

MLS Id : PAPH2635886

Lot Size : 0.64 Acre(Lot)

County : PHILADELPHIA

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  • Lot Information

    Lot Size Acres: 0.64 Lot Size Source: Estimated Lot Size Square Feet: 28049 Lot Description: Irregular Lot

  • Listing Price Information

    Listing Price: $3600000

  • Tax Information

    Parcel Number: 885691640 Tax Lot: 192 Tax Year: 2025 Annual Tax: $2557

  • Location Information

    Direction: From I-76 East or West, take Exit 346B for South Street/University City and continue onto South Street. Turn right onto South 34th Street, then left onto Chestnut Street. Continue west on Chestnut Street approximately 2 miles to 5235 Chestnut Street, located at the intersection of 52nd and Chestnut Streets in West Philadelphia. WaterSource: Public
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Nearby Home Value

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4904 Fairmount Avenue, Philadelphia, PA, 19139 $45,000 -- -- -- 0.02 Acre(Lot)
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19 N 50th Street, Philadelphia, PA, 19139 $64,900 -- -- -- 0.06 Acre(Lot)
419 N 50th Street, Philadelphia, PA, 19139 $49,900 -- -- -- 0.02 Acre(Lot)
894 N 49th Street, Philadelphia, PA, 19139 $80,000 -- -- -- 0.02 Acre(Lot)

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 07/02/2026 @ 03:12

MLS: PAPH2635886 LISTED BY: Jonathan Makar, MSC Retail, Inc. 215-568-2600 SOURCE: Bright MLS

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