Open House
Sun May 17, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2620970
Year Built 1925
Annual Tax Amount $2,194
Tax Year 2026
Lot Size 1,072 Sqft
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Salon/ Spa/ Serene
Potential 3 Income Streams
Welcome to 5500 Chancellor Street—a rare corner mixed-use opportunity in the heart of West Philadelphia offering multiple income streams, separate utilities, and flexible use potential. This property is configured for three distinct units, making it ideal for investors, house hackers, or small business owners looking to maximize cash flow:
* Second Floor: Spacious 2-bedroom unit with private balcony, spacious living and dining areas.
* First Floor: 1-bedroom unit with strong rental appeal. Currently used for spa & salon. Updated floors and newly painted with high celilings.
* Lower Level/ Basement Efficiency unit with separate walkout entrance.
* Outside lower level charming set up for entertainment
Each space offers independent living potential, and with separate utilities already in place, operating expenses stay streamlined—an investor's dream setup. Beautifully maintained.
Zoned CMX2, this property unlocks additional value with the ability to incorporate commercial or office use on the first floor, creating a true live/work or mixed-income asset.
Situated on a high-visibility corner, the property benefits from added light, accessibility, and long-term appreciation potential in a rapidly developing area.Whether you're looking to build your portfolio, offset your mortgage with rental income, or create a hybrid residential/commercial space, 5500 Chancellor delivers flexibility, function, and upside.
Don't miss this opportunity to secure a versatile, income-producing asset in one of Philadelphia's most dynamic markets.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Interior
Hot Water 60+ Gallon Tank
Cooling Wall Unit
Flooring Laminate Plank
Inclusions curtains, refrigerator, washer and dryer, sauna,
Equipment Negotiable
Heat Source Electric
Exterior
Utilities Available Cable TV, Phone, Natural Gas Available
Water Access N
View City
Accessibility 2+ Access Exits, Level Entry - Main
Garage N
Building
Lot Description Corner
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools William Sayer
School District Philadelphia City
Others
Tax ID 604047200
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby School & Business
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