Prime CMX2 Mixed-Use Investment / Corner Property Salon/ Spa/ or whatever you dream of as a business. 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.
Listed by Roslyn Gilbert
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License #RS340075
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Realty One Group Restore - BlueBell
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6106365723
Last updated June 10, 2026
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Source: BrightMLS #PAPH2621638
Listing Facts
TypeMulti-family
NeighborhoodCobbs Creek
Days on Prevu33
Taxes$2,194/year
Size1,376 sqft
Price per sqft$203
Location
Mortgage Calculator
Listing History
06/10/2026
Price Decreased
$279,000
05/13/2026
Listed by Realty One Group Restore - BlueBell
$289,000
Property Details for 5500 Chancellor Street
Exterior
Construction
New Construction: No
Number Of Units Total: 1
Property Condition: Excellent
Stories Total: 3
Year Built: 1925
Architectural Style: Colonial
Construction Materials: Masonry
Exterior Features: BBQ Grill, Flood Lights, Sidewalks, Other
Features
Other Structures: Above Grade
View: City
Waterfront: No
Measurements
Lot Features: Corner
Lot Size Source: Estimated
Lot Size Square Feet: 1,072
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $2,194.00
Tax Year: 2026
Interior
Features
Flooring: Laminate Plank
Spa Features: Indoor, Heated
Spa: Yes
Measurements
Living Area: 1,376
Living Area Source: Estimated
Rooms
Basement: Outside Entrance, Fully Finished
Has Basement: Yes
Other
Features
Accessibility Features: 2+ Access Exits, Level Entry - Main
General
Exclusions: ALL PERSONAL PROPERTY OF SELLER
Location
Tax Lot: 81
Parking
Parking
Garage: No
Parking Features: Public
Schools
High School
High School: WILLIAM SAYER
Utilities
Equipment
Cooling: Wall Unit
Electric: 100 Amp Service
Heating: 90% Forced Air
Has Heating: Yes
Other Equipment: Negotiable
Sewer: Public Sewer
Utilities: Cable TV, Natural Gas Available, Phone
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 5500 Chancellor Street.
What schools are nearby to 5500 Chancellor Street?
Nearby schools include the WILLIAM SAYER High School.
What are the annual taxes for 5500 Chancellor Street?
Annual taxes for this multi-family home are estimated at $2,194.
How does 5500 Chancellor Street compare to other multi-family homes in Cobbs Creek?
This multi-family home is listed 19% below the average price for multi-family homes in Cobbs Creek and has been on the market for 58 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 1,376 sqft.
5500 Chancellor Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19139. On Prevu for 33 days at $279,000. This includes a recent price decrease of $10,000. This home features 1,376 square feet of living space, located in Cobbs Creek. The median listing price for multi-family homes in this area is $238,000. Nearby schools include WILLIAM SAYER High School. Explore more multi-family home listings in Philadelphia.
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