In the heart of Northeast Philly! Don't miss your chance to own a remarkable 0.62-acre lot, zoned and ready for either industrial or residential development. Situated in a booming locale, this property is a goldmine for investors aiming to capitalize on Philly's thriving economic landscape. Dreaming of launching a business? The existing industrial zoning on this land eases the way for you to establish anything from manufacturing facilities to warehouses. Its strategic location near major transportation veins like I-95 and Route 1 ensures that you're not just in the mix—you're leading it. But the possibilities don't end there. The property also holds immense potential for residential or multi-family units. Envision developing a community of townhouses or apartments, offering residents a life that marries convenience and comfort. This is a neighborhood people want to live in, with top-notch schools, diverse local culture, and quick access to parks and shopping. Investors, this is more than just a piece of land; it's a ticket to unlimited possibilities in one of Philly's most promising districts. Whether you're targeting the commercial sector or looking to create homes, you can't go wrong with this strategic investment. So don't sit on the sidelines. Step up and take advantage of this extraordinary opportunity to shape Philly's future.
Property Details
Property Features
Listing Office:
Office Name: EXP Realty, LLC
Office Phone: (888) 397-7352
Listing Agent: Craig A. Lerch Jr.
Lot Features
Lot Information:
Lot Size: 0.69 Acres
Other
Directions Information:
Directions: Bingham Street south to Allengrove St turn right
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $494,900
Tax Information:
Annual Amount: $2,212
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 $233K more than the Median Sold Price in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2279718
Listing Office:
Office Name: EXP Realty, LLC
Office Phone: (888) 397-7352
Listing Agent: Craig A. Lerch Jr.
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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Laura H. Carnell School
1100 Devereaux Ave
Distance between this listing and this school1.11 miles
Public District Grades KG-5
4
/10
James R. Lowell Elementary School
450 W Nedro Ave
Distance between this listing and this school1.27 miles
Public District Grades KG-4
5
/10
Cheltenham Elementary School
7853 Front St
Distance between this listing and this school1.38 miles
Public District Grades KG-4
Nearby Schools
3
/10
Benjamin Franklin School
5735 Rising Sun Ave
Distance between this listing and this school0.18 miles
Public District Grades KG-8
6
/10
Universal Creighton Charter School
5401 Tabor Ave
Distance between this listing and this school0.38 miles
Public Charter Grades KG-8
5
/10
Grover Washington, Jr. Middle School
201 E Olney Ave
Distance between this listing and this school0.74 miles
Public District Grades 5-8
Nearby Schools
3
/10
Samuel Fels High School
5500 Langdon St
Distance between this listing and this school0.70 miles
Public District Grades 9-12
4
/10
Mast Community Charter School II
6238 Rising Sun Ave
Distance between this listing and this school0.72 miles
Public Charter Grades KG-10
3
/10
Aspira Bilingual Cyber Charter School
6301 N 2nd St Fl 3
Distance between this listing and this school1.01 miles
The neighbors living near this home have an average income of $26,224. Most Philadelphia, PA residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 550 Allengrove St
What is the listing price of this property?
The listing price of 550 Allengrove St property is $494,900.
What type of property is this?
The property 550 Allengrove St is land located in Philadelphia, Pennsylvania, 19120.
Is this property for sale now?
Active Listing: 550 Allengrove St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,212 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 10, 2005 for $145,000. (source: MLS/tax record).
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This home is located at 550 Allengrove St in Philadelphia, PA and zip code 19120 in the Crescentville neighborhood. This home sits on a 0.69 acre lot. It has been listed on Rocket Homes since September 26, 2023 and is currently priced at $494,900.
Over 252 listings were sold over their listed price in October 2024 in Philadelphia, PA. In the same period over 567 listings were sold below the listed price and 237 listings were sold for the listed price. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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. 
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