2 months on rocket

424 S 56th St, Philadelphia, PA, 19143

$300,000

Home List Price

$3,563*

Closing Credit

0 Baths
1,500 SqFt
$200/SqFt
Multi

Location

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424 S 56th St, Philadelphia$300,000

Buyer Closing Credits

$3,563*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1925
HeatingBaseboard, Radiant
CoolingWindow Unit(s)
BasementYes
MLS #PAPH2409740
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 424 S 56th St

Well-maintained and updated duplex in Cobbs Creek offers an incredible opportunity!! As your first investment you could live in one unit while the other pays your mortgage. Seasoned Investor? One unit has access to the basement and backyard and the other was just renovated and is ready for an upscale city professional tenant. You could even rent out the garage or extra storage on the lowest level. The possibilities are endless! Unit A (Lower) is a spacious 1-bed, 1-bath apartment boasting a large living room, formal dining room perfect for gatherings, and a sunlit kitchen with a refrigerator and electric range. This apartment enjoys a roomy private backyard outdoor retreat. A full laundry for this unit is in the basement with washer and dryer in place. 12-20 The lower unit is getting painted, hardwoods are being refinished along with updates in the bathroom and kitchen including lighting and other details. We anticipate the lower unit rent to be at 1200/month with these updates. Come and see for yourself! Photos will be updated upon completion. Thinking about major renovations? Open up the floor plan and completely transform the layout by taking out the wall between the dining room and kitchen! Unit B (upper) provides city living at it's best with a true showpiece, completely renovated apartment. The new kitchen is a dream with the perfect arrangement to entertain and create the gourmet experience. Starting with granite countertops, 42 inch cabinets, marble floors, breakfast bar, recessed lighting, deep sink and stylish backsplash. Then there are the new stainless appliances including a large Frigidaire side by side fridge with lower freezer drawer, ceramic cooktop range with warming drawer and space saver microwave. The breakfast bar will easily host 4-5 guests while the adjacent room with a bay window would make a great living room or combo dining room if you'd like. The open-concept layout allows natural light from the bay window to brighten the entire space. The space is breathtaking and to top it off the crystal chandelier with the ceiling fan really makes it pop! Head down the hall where the newly refinished 1.5 inch white oak hardwood really gleams under all the recessed LED lighting. The convenient laundry nook homes brand-new stacked Samsung washer and dryer. The new bathroom with high-end finishes including new vanity, LED lighting, and brushed black fixtures. This level is completed by two very generously sized bedrooms, both with lighted ceiling fans, beautiful floors, good closets and modern electrical service This 2-bedroom, 1-bathroom apartment has a rental potential of $1,450/mo. Additional features: 2020 roof replacement, 24-hour exterior surveillance with a free app, separate electric and hot water heaters (Unit B 2024), new sewer mains and new electrical wiring. There is separate garage door access to the expansive unfinished basement space offering endless possibilities for storage, a workshop, or a small business. Located just minutes from subway stations, bus stops, and within 5 miles of Center City and 10 miles from Philadelphia Airport, this property offers convenient access to everything you need. Don’t miss the chance to own a versatile property in a prime location – perfect for living while generating income or expanding your portfolio!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1925
  • Living Area: 1,500 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Wilmington
  • Office Phone: (302) 299-1100
  • Listing Agent: Kenneth Van Every

Interior Features

Interior Information:

  • Appliances: Microwave, Range, Dishwasher, Dryer, Oven, Electric Range, Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Solid Hardwood, Partially Carpeted, Ceramic Tile, Marble
  • Interior: Wood Floors, Upgraded Countertops, Recessed Lighting, Kitchen - Gourmet, Formal/Separate Dining Room, Dining Area, Ceiling Fan(s), Bathroom - Tub Shower

Exterior Features

Exterior Information:

  • Exterior: Sidewalks, Street Lights

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Radiant
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Head west on Walnut St toward S 55th St, Turn left at the 2nd cross street onto S 56th St. Destination will be on the right

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $300,000
  • Price Per SqFt: $200/SqFt

Tax Information:

  • Annual Amount: $1,632
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$265.3K

Med. Price/SqFt

$200

Avg. Days On Market

45

# of Sold Homes

946

424 S 56th St vs Philadelphia

67 DAYS ON ROCKET

+22 Days

$300,000

+$34.6K More

$200/SqFt

-$1 Less

KEY TAKEAWAY

This property is $34.6K more than the Median Sold Price and $1/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: #PAPH2409740

Listing Office:

  • Office Name: Keller Williams Realty Wilmington
  • Office Phone: (302) 299-1100
  • Listing Agent: Kenneth Van Every

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: 12/23/2024, 9:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 13, 2007Home Sold
$48,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,632 -
2019$1,571$112,300
2018$1,152$82,300
2017$1,152$82,300

History based on county public records data.

Payment Calculator

$1,565

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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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-1169489
3
/10
  • Stonehurst Hills Elementary School

  • 7051 Ruskin Ln

  • 1.26 miles

  • Public District Grades KG-5

school-card-donut-1169490
3
/10
  • Universal Institute Charter School at Bluford

  • 5801 Media St

  • 1.39 miles

  • Public Charter Grades KG-6

school-card-donut-1169491
6
/10
  • W B Evans Magnet School

  • 900 Baily Rd

  • 1.49 miles

  • Public Magnet Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,417. The most common annual income of people living in Philadelphia, PA is less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesPennsylvaniaPhiladelphia CountyPhiladelphia19143424 S 56th St

This home is located at 424 S 56th St in Philadelphia, PA and zip code 19143 in the Cobbs Creek neighborhood. This 1,500 square foot home, which was built in 1925, sits on a 0.04 acre lot. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $300,000.

Over 219 listings were sold over their listed price in November 2024 in Philadelphia, PA. In the same period over 523 listings were sold below the listed price and 204 listings were sold for the listed price. The inventory of homes for sale in Philadelphia, PA between October 2024 and November 2024 increased by 1.8%. In November 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $265,372.

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

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