Investment opportunity 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
School Info
Assigned Schools Information:
Samuel Fels High School, Public District Grades 9-12
Universal Creighton Charter School, Public Charter Grades KG-8
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 $237.2K 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.
Elementary School
6
/10
Universal Creighton Charter School
5401 Tabor Ave
Distance between this listing and this school0.35 miles
Public Charter Grades KG-8
High School
4
/10
Samuel Fels High School
5500 Langdon St
Distance between this listing and this school0.71 miles
Public District Grades 9-12
Assigned Schools
6
/10
Universal Creighton Charter School
5401 Tabor Ave
Distance between this listing and this school0.35 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Benjamin Franklin Academics Plus
5735 Rising Sun Ave
Distance between this listing and this school0.16 miles
Public District Grades KG-8
4
/10
Thomas K. Finletter Academics Plus School
6100 N Front St
Distance between this listing and this school0.80 miles
Public District Grades KG-8
Nearby Schools
6
/10
Grover Washington, Jr. Middle School
201 E Olney Ave
Distance between this listing and this school0.75 miles
Public District Grades 5-8
5
/10
Eugenio Maria De Hostos Charter School
6310 N 2nd St
Distance between this listing and this school1.07 miles
Public Charter Grades KG-8
4
/10
The Philadelphia Charter School For Arts and Science
1197 Haworth St
Distance between this listing and this school1.43 miles
Public Charter Grades KG-8
Assigned Schools
4
/10
Samuel Fels High School
5500 Langdon St
Distance between this listing and this school0.71 miles
Public District Grades 9-12
Nearby Schools
4
/10
Aspira Olney Charter High School
100 W Duncannon Ave
Distance between this listing and this school1.19 miles
Public Charter Grades 9-12
3
/10
Frankford High School
5000 Oxford Ave
Distance between this listing and this school1.64 miles
The neighbors living near this home have an average income of $26,224. The majority of Philadelphia, PA residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
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 are the assigned schools for this property?
The assigned schools for 550 Allengrove St are: Universal Creighton Charter School: GreatSchools Rating 6/10Samuel Fels High School: GreatSchools Rating 4/10
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.
In March 2024, from all listings sold in Philadelphia, PA there were more than 228 sold above asking price, over 481 sold below and more than 214 were sold right at the asked price. The number of homes for sale in Philadelphia, PA increased by 4.6% between February 2024 and March 2024. The median list price of listings available in March 2024 was $257,610, while the average time on the real estate market was 54 days.
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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