In the sought-after University City, this property offers a unique opportunity as, by zoning rights, it can be used as a quadriplex despite its current certification for triplex use. It's worth noting that it hasn't operated as a triplex in recent years and has been utilized in a manner that doesn't conform to its zoning designation, indicating that renovations are necessary to revert it to its intended conforming use. This mixed-use building presents a canvas for transformation, featuring a layout that previously accommodated multiple commercial spaces on the ground floor, each with independent access, private restrooms, and two kitchens. The residential aspect includes two expansive one-bedroom apartments located on the second level, accessible via a side staircase. The third level hosts four single-room dwellings, each reachable through a separate entrance from the ground floor. This property is ripe with potential, especially for investors looking to capitalize on strategic updates to enhance its value. Its prime location is just a short stroll from various amenities, including public transport, esteemed local universities (Penn & Drexel), an array of dining options, shopping venues, and entertainment spots. This is a rare chance to own a versatile property in a vibrant neighborhood. Schedule your visit today and explore the possibilities!
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1951
Living Area: 4,200 SqFt
Listing Office:
Office Name: Keller Williams Real Estate-Blue Bell
Office Phone: (215) 646-2900
Listing Agent: Zachary A Behr
Interior Features
Interior Information:
Flooring Type: Wood, Fully Carpeted, Vinyl
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.04 Acres
Utilities
Utilities Information:
Heating: Forced Air, Radiant
Cooling: None
School Info
Assigned Schools Information:
West Philadelphia High School, Public District Grades 9-12
Henry C. Lea School, Public District Grades PK-8
Other
Directions Information:
Directions: Walnut to Hanson
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $450,000
Price Per SqFt: $107/SqFt
Tax Information:
Annual Amount: $3,617
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 $191.1K more than the Median Sold Price and $89/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: #PAPH2341440
Listing Office:
Office Name: Keller Williams Real Estate-Blue Bell
Office Phone: (215) 646-2900
Listing Agent: Zachary A Behr
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,313
Per Month
Principal & Interest
$2,246
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,416
Powered By
Advertisement
NMLS#3030
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.
Elementary School
5
/10
Henry C. Lea School
4700 Locust St
Distance between this listing and this school0.14 miles
Public District Grades PK-8
High School
3
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school0.16 miles
Public District Grades 9-12
Assigned Schools
5
/10
Henry C. Lea School
4700 Locust St
Distance between this listing and this school0.14 miles
Public District Grades PK-8
Nearby Schools
3
/10
Alain Locke Elementary School
4550 Haverford Ave
Distance between this listing and this school0.56 miles
Public District Grades KG-8
8
/10
Penn Alexander School
4209 Spruce St
Distance between this listing and this school0.57 miles
Public District Grades KG-8
Nearby Schools
6
/10
Middle Years Alternative School for the Humanities MYA
4725 Fairmont Ave
Distance between this listing and this school0.62 miles
Public District Grades 5-8
3
/10
Global Leadership Academy Charter School
4601 W Girard Ave
Distance between this listing and this school1.23 miles
Public Charter Grades KG-8
2
/10
Kipp West Philadelphia Preparatory Chart
5900 Baltimore Ave
Distance between this listing and this school1.48 miles
Public Charter Grades 5-8
Assigned Schools
3
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school0.16 miles
Public District Grades 9-12
Nearby Schools
5
/10
Parkway West
4725 Fairmont Ave
Distance between this listing and this school0.62 miles
Public District Grades 9-12
6
/10
Paul Robeson High School For Human Services
4125 Ludlow St
Distance between this listing and this school0.69 miles
The neighbors living near this home have an average income of $29,946. The majority of Philadelphia, PA residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
This home is located at 245 S Hanson St in Philadelphia, PA and zip code 19139 in the Walnut Hill neighborhood. This 4,200 square foot home, which was built in 1951, sits on a 0.04 acre lot. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $450,000.
In April 2024, from all listings sold in Philadelphia, PA there were more than 242 sold above asking price, over 502 sold below and more than 216 were sold right at the asked price. The inventory of homes for sale in Philadelphia, PA between March 2024 and April 2024 increased by 9.8%. The median list price of listings available in April 2024 was $258,806, while the average time on the real estate market was 50 days.
From Rocket Homes Real Estate and based on county public records data.