Invest in a distinguished 5-unit mixed-use building, marrying historical significance with modern living. Property hosts four residential units boasting updated interiors and contemporary comforts—three 2-bedroom apartments and one 1-bedroom apartment, each with their own unique appeal. All residences are responsible for their electricity. Anchoring this investment is commercial space on the ground floor, previously a popular vegan dining venue, offering eat-in and take-out services.This space can not accommodate fryers, commercial vents or grills. Poised for growth, the property currently has below-market rents, signaling potential for enhanced yield. *GROSS INCOME 81,000*53, 838 CURRENT NET, Its prime location stands out, situated in the historic West End and in close proximity to Muhlenberg College, healthcare facilities, and the Theater District. Residents have immediate access to public transit, diverse retail options, and a variety of eateries. This is an opportunity to secure an asset with both character and untapped financial promise in a vibrant neighborhood !!!!Click on video to view and schedule your appointment!
Sold for $585,000 on 09/16/24
$585,000
1502 Chew St, Allentown, PA 18102
7beds
--sqft
Mixed Use, Multi Family, Apartment
Built in 1913
-- sqft lot
$611,700 Zestimate®
$--/sqft
$1,569 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 16, 2024 at 01:30pm
Listed by:
Paula J. Meilinger 610-739-0545,
BHHS Fox & Roach Macungie
Bought with:
Brandon Urzua, RS360713
Weichert Realtors - Allentown
Source: GLVR,MLS#: 735308
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Electric, Gas
Cooling
- None
Features
- Balcony
- Flooring: Hardwood
Property
Features
- Stories: 3
- Patio & porch: Patio
Details
- Parcel number: 549750906760 001
- Zoning: R-Mh-Medium High Density
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use, Multi Family, Apartment
Materials
- Brick
Condition
- Unknown
- Year built: 1913
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Fire Escape
Location
- Region: Allentown
- Subdivision: West Park Historic
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$611,700
2% more+$12,234
With Zillow Showcase(estimated)$623,934