Short Sale - Views
1601 Mount Vernon Street Philadelphia, PA
$ 600,000
Property Attributes
  • MLS#PAPH953682
  • TypeCommercial
  • CityPhiladelphia
  • Area19130
  • NeighborhoodArt Museum (Spring
  • Zip19130
  • StyleApartment Building
  • Year Built1915
  • Taxes$ 2830
  • Price$ 600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3800
  • Lot Size2,178 SqFt
Listing Provided Courtesy Of:
Compass Pennsylvania, LLC
Data Source:
Bright MLS - 382 - MD
Property Description

Rare opportunity to renovate a historic building on a corner lot into a state-of-the-art property, currently zoned for up to 5 units. 11' ceilings on the 1st & 2nd floors and a very large rear patio. 1601 Mt. Vernon, once the home of renowned abolitionist and Underground Railroad facilitator Robert Purvis, is a shell with substantial improvements, including meticulously restored front and side facades, (with some first floor facade work remaining to be completed); interior and exterior structural stabilization of the property; newer historically approved windows; new roof and roof drainage system; new attic joists; new roof decking; and a new basement foundation. The property used to have a rear ell, facing 16th Street, which the new buyer will have to rebuild as a new construction addition to the current shell. When complete, you will have 3,800 sq.ft. of livable space plus 600 sq.ft. of lower level space plus attic storage--a premier cornerstone property with up to 5-units. This property would also make a spectacular single family home. Significant amount of new construction on this prime block in the Spring Garden Neighborhood. An easy walk to everything the Art Museum area (Whole Foods, Target, great restaurants and coffee shops) and Center City have to offer. Big south facing windows with skyline views from 3rd floor plus a skylight in the new roof. NOTES--The sale of 1601 Mt Vernon MUST BE APPROVED BY THE COURT as part of an Act 135 conservatorship proceeding. Contact Agent for more details. A curb-cut for parking would require a variance. SHOWING NOTES--When showing (or walking by), the rear ell dimensions are delineated by the dug out rear foundation area. Note how large this building will be with the rear ell and also how large the patio space will remain. Also, the temporary structural walls currently in the property can now be removed as substantial structural support has been added. This structural work includes star bolts, rebuilt chimneys, New attic floor. Please bring a flashlight as there is no electricity. Agent and Buyers must sign liability waiver before entering. ELIGIBLE FOR 10 YEAR TAX ABATEMENT.

Price History
11/10/2020 Listed $750,000
4/12/2021 20% - $600,000

General Features

Accessibility None
Business Type Apartment Building
Construction Materials Brick
Cool Fuel None
Cooling None
Days on Market 342
Heating None
Location Type Corner Lot/Unit
MLS Area 19130 (19130)
New Construction No
Ownership Fee Simple
Possession Other
Price Per Sq Ft 157.89
Property SubType Five Or More Units
Property Type Commercial Sale
Sewer No Septic System
Subdivision Name ART MUSEUM (SPRING
Tax Annual Amount 2830.0
Tax Lot 2
Tax Year 2021
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1

Interior Features

Central Air Y/N No
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 3800.00
Lot Dimensions 20.00 x 100.00
Lot Features Corner
Lot Size Acres 0.05
Lot Size Source Assessor
Lot Size Square Feet 2000.00
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19130

AVG $630K
AVG $5,573
AVG 70
Year Built
AVG 1947
AVG 92
Data Provided by Walkscore ® not using MLS data

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