Calling all investors and builders! Unleash your creativity and transform this prime multi-family property nestled in the heart of Philadelphia's thriving University City neighborhood, one of the city's fastest-growing zip codes. Boasting coveted RM1 zoning and situated within an Opportunity Zone, the potential here is limitless. This property is a shell. Experience the buzz of rental demand from esteemed institutions like Drexel University, the University of Pennsylvania, and a vibrant community of young professionals. With an impressive Walker Score of 84, a Bike Score of 91, and just a 15-minute commute to Downtown Philadelphia, this location epitomizes urban convenience. Seize this golden opportunity to capitalize on the city's dynamic growth and create something extraordinary. Don't miss out on this chance to be part of Philadelphia's exciting future. All offers will be presented. Buyer will be responsible for all transfer taxes and U&O fees.
Property Details
Property Features
Property Information:
Architectural Style: Bi-level
Year Built: 1925
Living Area: 1,408 SqFt
Listing Office:
Office Phone: (215) 921-9053
Listing Agent: Jason L Johnson
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Utilities
Utilities Information:
Heating: Radiant
Cooling: None
School Info
Assigned Schools Information:
William L. Sayre High School, Public District Grades 9-12
Other
Directions Information:
Directions: GPS
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $159,500
Price Per SqFt: $113/SqFt
Tax Information:
Annual Amount: $357
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $102.3K less than the Median Sold Price and $86/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2343694
Listing Office:
Office Phone: (215) 921-9053
Listing Agent: Jason L Johnson
Information Deemed Reliable But Not Guaranteed. 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 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 sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$864
Per Month
Principal & Interest
$797
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$545
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
High School
3
/10
William L. Sayre High School
5800 Walnut St
Distance between this listing and this school0.40 miles
Public District Grades 9-12
Nearby Schools
3
/10
Andrew Hamilton School
5640 Spruce St
Distance between this listing and this school0.29 miles
Public District Grades KG-8
6
/10
Universal Daroff Charter School
5630 Vine St
Distance between this listing and this school0.53 miles
Public Charter Grades KG-8
4
/10
Comm. John Barry Elementary School
5900 Race St
Distance between this listing and this school0.58 miles
Public District Grades KG-8
Nearby Schools
6
/10
Middle Years Alternative School for the Humanities MYA
4725 Fairmont Ave
Distance between this listing and this school0.92 miles
Public District Grades 5-8
2
/10
Kipp West Philadelphia Preparatory Chart
5900 Baltimore Ave
Distance between this listing and this school1.13 miles
Public Charter Grades 5-8
3
/10
Global Leadership Academy Charter School
4601 W Girard Ave
Distance between this listing and this school1.32 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
William L. Sayre High School
5800 Walnut St
Distance between this listing and this school0.40 miles
Public District Grades 9-12
Nearby Schools
4
/10
Boys Latin of Philadelphia Charter School
5501 Cedar Ave
Distance between this listing and this school0.47 miles
Public Charter Grades 6-12
2
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school0.62 miles
The neighbors living near this home have an average income of $31,696. Residents of Philadelphia, PA typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
This home is located at 137 S 55th St in Philadelphia, PA and zip code 19139 in the Cobbs Creek neighborhood. This 1,408 square foot home, which was built in 1925, sits on a 0.03 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $159,500.
In October 2024, from all listings sold in Philadelphia, PA there were more than 252 sold above asking price, over 567 sold below and more than 237 were sold right at the asked price. In October 2024 in Philadelphia, PA there were 9.8% more homes for sale than in September 2024. While the average time on the market in October 2024 was 44 days, the median list price was $261,807.
From Rocket Homes Real Estate and based on county public records data.