2 months on rocket

1425 Jackson St, Philadelphia, PA, 19145

$699,000

Home List Price

$8,301*

Closing Credit

0 Baths
1,800 SqFt
$388/SqFt
Multi

Location

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1425 Jackson St, Philadelphia$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1920
HeatingCentral
CoolingCentral Air
MLS #PAPH2397934
Lot Size0.02 Acres
StatusActive
(ACTIVE)

About 1425 Jackson St

Part of package, additional property nearby available - 1327 Snyder Ave., 2 Commercial Bldgs. at 736-38 S. 8th St. (Adobe Cafe) and 763-65 S. 8th St. (Lazeez Indian Restuarant) with apartments. Total package can be acquired. 1425 Jackson is a quadplex (4 units) in the East Passyunk submarket of Philadelphia. This value-add multi-family building is situated just off Passyunk Ave. with easy access to the broad street train line and SEPTA. Just around the corner is Passyunk Avenue which is a trendy hot spot in South Philadelphia. There are an abundance of independently-owned businesses - from coffee shops, dining spots, to unique boutiques, and services. FDR park is a nice walk on a lovely day. The Property consists of three (3) one-bed units and one (1) studio unit. Rents are substantially under market and major rental upside exists for future ownership. Interested parties may inquire about financials. Offered as-is. The subject property is also available as well as another extremely well-maintained apartment building offered by the same Ownership, This is an acquisition opportunity to purchase high-performing multifamily assets with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully leased and maintained each building over its tenure. New Ownership can achieve top-of-market rental rates or continue operating.

Property Details

Property Features

Property Information:

  • Architectural Style: Transitional
  • Year Built: 1920
  • Living Area: 1,800 SqFt

Listing Office:

  • Office Name: Mercury Real Estate Group
  • Office Phone: (215) 462-5100
  • Listing Agent: Lorraine B Pappalardo

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: On Jackson Street between Broad and 15th Street

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $388/SqFt

Tax Information:

  • Annual Amount: $3,697
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

1425 Jackson St vs Philadelphia

65 DAYS ON ROCKET

+21 Days

$699,000

+$437.1K More

$388/SqFt

+$189 More

KEY TAKEAWAY

This property is $437.1K more than the Median Sold Price and $189/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2397934

Listing Office:

  • Office Name: Mercury Real Estate Group
  • Office Phone: (215) 462-5100
  • Listing Agent: Lorraine B Pappalardo

IDX 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.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,697 -
2019$3,436$245,500
2018$1,895$135,400
2017$1,895$135,400

History based on county public records data.

Payment Calculator

$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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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.

Nearby Schools

school-card-donut-623115
3
/10

  • Stephen Girard Elementary School

  • 1800 Snyder Ave

  • 0.33 miles

  • Public District Grades KG-4

school-card-donut-623116
7
/10

  • Abram Stockton Jenks School

  • 2501 S 13th St

  • 0.34 miles

  • Public District Grades KG-5

school-card-donut-623117
5
/10

  • Francis Scott Key School

  • 2230 S 8th St

  • 0.57 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,679. The most common annual income of people living in Philadelphia, PA is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19145›1425 Jackson St

This home is located at 1425 Jackson St in Philadelphia, PA and zip code 19145 in the South Philadelphia neighborhood. This 1,800 square foot home, which was built in 1920, sits on a 0.02 acre lot. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $699,000.

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. In October 2024, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $261,807.

From Rocket Homes Real Estate and based on county public records data.

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