936 N 48TH ST

Property Details

20x74 ft, 1480 sq ft, RM1 zoned lot. Build 4 units by right. Potential to apply for the MIHB (mixed income housing bonus) and get up to 50 percent more units by either paying the city per unit or setting aside a specific amount of units for low income housing (2 more units for a total of 6 units..documentation for MIHB program fact sheet is in the listing documents or search on google for the MIHB fact sheet). This lot is located in the beautiful Mill Creek neighborhood on a wide street of three story single and multi family homes. New construction already built on the street and in surrounding area. Potential to build for rent or sale. 2 bedroom units command around $2,010, plus up to 120% of fair market rent for new construction, in this zip code for section 8 according to the 2025 Safmr effective as of November 1 2025 for the 19131 zip code. 3 bedroom units command 2,410 per month according to the updated Pha safmr, plus up to 120% of the fair market rent for new construction in the 19131 zip code. Seller purchased this lot at the phila sheriff tax sale in November 2025. Buyer must be able to obtain tax clearance from judicial tax clearance unit at the municipal service building at 1401 JFK Blvd. Cash sale only. Drive by and make an offer. Seller will continue with plans to obtain zoning approval and building permits if not sold by November 28th.