Welcome to 961 E Locust Ave, Philadelphia, PA 19138: A Buildable Vacant Lot in East Germantown Developers and investors, turn your attention to this 16 Ft x 35 Ft vacant lot, situated in the vibrant East Germantown neighborhood. This fantastic opportunity is nestled on a well-loved residential block and awaits your visionary touch. Zoned RM-1 (Residential Multifamily), the lot offers you the chance to construct a multifamily dwelling that complements the area's unique blend of historical charm and contemporary convenience. A highlight of this property is its strategic location. The convenience of public transit is merely a short walk away with several Septa bus stops in the vicinity. You'll also find numerous casual restaurants nearby, adding to the appeal for future residents seeking a diverse and vibrant local food scene. Essential amenities like grocery stores are within a comfortable walking distance, ensuring easy access for daily needs. Furthermore, the property is less than 1/2 mile from LaSalle University, bringing many of the university's amenities close to hand, including cultural events, learning opportunities, and more. Picture creating a multifamily home that caters to a broad spectrum of potential residents – from university staff and students to families and professionals. Given the site's zoning and the surrounding community's needs, this lot represents a promising investment opportunity. Whether you're a seasoned investor or a new builder looking to make an impact, 961 E Locust Ave presents a great opportunity for a successful real estate venture. Don't miss your chance to add this asset to your portfolio. Make your mark in East Germantown today!
Property Details
Property Features
Listing Office:
Office Name: Philadelphia Homes
Office Phone: (215) 948-2810
Listing Agent: Karen Rachel Ehrlich
Exterior Features
Exterior Information:
View: City
Lot Features
Lot Information:
Lot Size: 0.01 Acres
Other
Directions Information:
Directions: Heading NE on W Chelten Ave, turn right onto Sprague St, continue 2 blocks, and turn right onto E Locust Ave. The property will be on your right.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $16,000
Tax Information:
Annual Amount: $123
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 $249.3K less 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: #PAPH2425670
Listing Office:
Office Name: Philadelphia Homes
Office Phone: (215) 948-2810
Listing Agent: Karen Rachel Ehrlich
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
2
/10
Joseph Pennell Elementary School
1800 Nedro Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-5
4
/10
Prince Hall Elementary School
6101 N Gratz St
Distance between this listing and this school0.55 miles
Public District Grades KG-5
4
/10
Julia Ward Howe Academics Plus Elementary School
5800 N 13th St
Distance between this listing and this school1.00 miles
Public District Grades KG-5
Nearby Schools
3
/10
Mastery Charter School-Francis D. Pastorius Elementa
5650 Sprague St
Distance between this listing and this school0.14 miles
Public Charter Grades KG-8
4
/10
General Louis Wagner Middle School
1701 W Chelten Ave
Distance between this listing and this school0.72 miles
Public District Grades 6-8
2
/10
Roosevelt Elementary School
430 E Washington Ln
Distance between this listing and this school0.82 miles
Public District Grades KG-8
Nearby Schools
4
/10
Imhotep Institute Chs
6201 N 21st St
Distance between this listing and this school0.31 miles
Public Charter Grades 9-12
2
/10
Building 21
6501 Limekiln Pike
Distance between this listing and this school0.60 miles
Public District Grades 9-12
2
/10
Promise Academy at Martin Luther King High School
6100 Stenton Ave
Distance between this listing and this school0.67 miles
The neighbors living near this home have an average income of $21,357. The majority of Philadelphia, PA residents have income less than $35k annually. The majority of families are 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 961 E Locust Ave
What is the listing price of this property?
The listing price of 961 E Locust Ave property is $16,000.
What type of property is this?
The property 961 E Locust Ave is land located in Philadelphia, Pennsylvania, 19138.
Is this property for sale now?
Active Listing: 961 E Locust Ave 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 $123 (source: MLS/based on county public records data).
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This home is located at 961 E Locust Ave in Philadelphia, PA and zip code 19138 in the Germantown / Chestnut Hill neighborhood. This home sits on a 0.01 acre lot. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $16,000.
While more than 219 listings in Philadelphia, PA in November 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 523 were sold below. The inventory of homes for sale in Philadelphia, PA between October 2024 and November 2024 increased by 1.8%. Listings spent 45 days on the market in November 2024, and had a median list price of $265,372 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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