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Listed price in listed location currency (USD).
$120,000

010

MLS® PAPH2599924

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential
Size 465 sqft
Garage No
HOA Fees 
Taxes $2,081
Days Active 0
Approx. Age 1900
Avg. Price Per Sqft $258
MLS® Number PAPH2599924

Property Address: unit-614-2101 Chestnut St, PHILADELPHIA, PA, 19103-3112

Average square foot calculated using Size range provided by listing agent.

Description

This fully leased studio condominium at Riverwest Condominiums offers a rare blend of immediate income and future flexibility in the heart of Center City. Currently generating $1, 400/month with a lease secured through June 2026, the unit provides predictable cash flow from day one. The current tenant is a long-term resident in the building with a strong intention to renew, offering added stability and peace of mind for investors seeking consistent occupancy. At the same time, the upcoming lease end presents a valuable opportunity for future owner-occupants—whether you're a young professional, student, or medical staff looking to live in a prime location, or an investor evaluating long-term hold potential. Ownership is designed to be simple and cost-efficient, with the condo fee covering all utilities (gas, water, electricity), plus basic cable, building insurance, on-site maintenance, a 24-hour lobby attendant, and a state-of-the-art fitness center. The unit itself is well-maintained and move-in ready, featuring upgraded flooring, oversized windows with abundant natural light and open city views, a functional kitchen with gas cooking, wood cabinetry, refrigerator, and microwave, along with excellent storage including an oversized entry closet and an office space/walk-in closet leading to a refreshed bathroom. Residents enjoy optional on-site parking, a pet-friendly policy, and unbeatable access to everything Center City has to offer—just minutes from dining, shopping, theaters, public transit, major hospitals, and top institutions including University of Pennsylvania, Drexel University, and 30th Street Station. Whether you're looking for a turnkey investment with stable income or a future city residence in a prime location, this property offers the best of both—income today, flexibility tomorrow, and long-term upside in one of Philadelphia’s most desirable neighborhoods. *Unit is tenant occupied, pictures are from a unit with similar layout&finishes.
MLS® NumberPAPH2599924
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon, Main Floor
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 26, 2026List Date
$120,000List Price
Jul 1, 2025End Date
$1,400Sold Price

Leased

May 16, 2025List Date
$1,400List Price

Home Appraisal

This property is estimated to sell between: $120,000 and $251,000.
Similar properties in this area sold on average for: $207,000
Expected to sell in 120 days. Similar properties sold in 120 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
2101 Chestnut St, PHILADELPHIA, PA

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