Sold for $175,000
$175,000
2115 Madison St, Chester, PA 19013
3beds
2baths
1,505sqft
Duplex
Built in 1920
-- sqft lot
$201,300 Zestimate®
$116/sqft
$1,635 Estimated rent
Home value
$201,300
$173,000 - $231,000
$1,635/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Welcome to 2115 Madison Street, a modern duplex offering an incredible investment opportunity in Chester, PA. This property boasts two spacious units, with a 2-bedroom unit and a 1-bedroom unit, both currently occupied. The total square footage of this property is 1505 square feet, nestled on a generous lot spanning 4792 square feet. Each unit within this duplex features private access, open floor plans, and in-unit laundry facilities, providing modern convenience for its residents. The property is in good condition with contemporary touches, ensuring a comfortable and stylish living environment. As an investor's dream, the current annual rental income stands at $22,220, yielding an impressive 8.2% cap rate. With the potential for increased rents, the projected annual income could reach $28,080, resulting in an 11% cap rate. This presents an outstanding opportunity for a savvy investor to maximize returns in a rapidly growing market. Don't miss out on the chance to own this lucrative multi-family unit with a promising future. Schedule a showing today and seize the opportunity to add this modern duplex to your investment portfolio.
Zillow last checked: 8 hours ago
Listing updated: June 12, 2024 at 05:01pm
Listed by:
Jennifer Rothenberger 856-322-2964,
Compass New Jersey, LLC - Moorestown
Bought with:
Jon Unrath, 2187200
Weichert, Realtors - Cornerstone
Source: Bright MLS,MLS#: PADE2063190
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Basement
- Area: 0
Heating
- Radiator, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 1,505
- Total interior livable area: 1,505 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 4,792 sqft
- Dimensions: 40.00 x 120.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 49010213600
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Materials
- Brick
- Foundation: Stone
Condition
- Good
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Chester
- Municipality: CITY OF CHESTER
HOA & financial
Other financial information
- Total actual rent: 22220
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Other, Apartment Rentals
- Listing terms: Conventional,Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2024 | Sold | $175,000-2.7%$116/sqft |
Source: | ||
| 5/22/2024 | Pending sale | $179,900$120/sqft |
Source: | ||
| 5/9/2024 | Contingent | $179,900$120/sqft |
Source: | ||
| 5/1/2024 | Price change | $179,900-3%$120/sqft |
Source: | ||
| 4/24/2024 | Price change | $185,500-1.9%$123/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,012 +76.2% | $107,625 +71.7% |
| 2024 | $1,710 -2.7% | $62,700 |
| 2023 | $1,757 | $62,700 |
Find assessor info on the county website
Neighborhood: 19013
Nearby schools
GreatSchools rating
- 3/10EDGMONT SCHOLARS ACADEMYGrades: K-8Distance: 0.4 mi
- 2/10Chester High School - Main CampusGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: Chester-upland
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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