531 S 55th St,PHILADELPHIA, PA 19143
PHILADELPHIA, PA 19143
Description
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 approved by the City (OPA approval letter on file). 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.
Details
| MLS # | PAPH2680688 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 23 |
| Listing Provided By | Ergo Real Estate Company | Julian V Hinson |
Features
| SQ Feet | 2,412 |
|---|---|
| Basement | Y |
| Units | 2 |
| Zoning | RSA5 |
| Acreage | 0.04 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Block, Brick/Mortar |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 3262 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | COBBS CREEK |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in COBBS CREEK) | |
Price: $425,650 low | high Med: $184,000 sqft: 2,412 low | high Med: 980 $ / sqft: $176 low | high Med: $188 On site: 23 low | high Med: 150 | |
Market Activity 19143
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | COBBS CREEK |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in COBBS CREEK) | |
Price: $425,650 low | high Med: $184,000 sqft: 2,412 low | high Med: 980 $ / sqft: $176 low | high Med: $188 On site: 23 low | high Med: 150 | |
