Listed By:
MSC Retail, Inc.
1622 Locust Street, Philadelphia, PA
$ 7,250,000
Property Attributes
  • MLS#PAPH2234078
  • TypeMulti-Family
  • CityPhiladelphia
  • Area19103
  • Zip19103
  • StyleVictorian
  • Year Built1854
  • Taxes$ 34036
  • Price$ 7,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Data Source:
Bright MLS
Property Description

Welcome to 1622 Locust Street, a spectacular and prestigious double wide estate with an expansive rear courtyard situated one block form Rittenhouse Square on a charming, tree-lined block. Constructed in 1852 as the Isaac Lea House, an elegant and stately private residence, the property has been used for commercial purposes for the last century, and for the last five decades has been owned and occupied by the same family as legal offices. With the flexibility to be occupied commercially or through a residential conversion -- including the potential for by-right development of the courtyard -- the opportunity for investors, developers and commercial users alike to acquire this type of property truly only presents itself once in a lifetime! The building was designed by noted architect John Notman, who also designed the Athenaeum on Washington Square, as well as Saint Mark's Church directly across Locust Street. It is one of the first examples in the United States of the Italianate villa style, a distinction which earned the property a Historic designation in Philadelphia in 1967. The building boasts unparalleled original period detail beginning with the ground floor: an ornate vestibule, rooms with gracious proportions; high ceilings, full height windows and doors; crown molding, chair rail, wainscoting; arched and corbelled openings; marble fireplace mantels and inlay parquet floors. A grand central staircase with ornate, carved wood balustrades connects the buildings four stories, capped with a stained glass oval skylight. In the rear of the property, accessible from a covered porch sits a large and pristine courtyard, lined with wrought iron railings and brick walls, paved with bluestone. Mature trees, manicured gardening and a fountain create the feeling of a secluded urban oasis. The patio backs onto Latimer Street, providing additional light and air. Each floor of 1622 Locust overlooks beautiful and serene views to the north and south. A covered driveway for two cars is accessible from both the building and Latimer Street.

Price History
5/9/2023 Listed $7,500,000
10/25/2023 4% - $7,250,000

General Features

Accessibility Other
Architectural Style Victorian
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C
Days on Market 212
Garage Y/N No
Heating Heat Pump(s)
Historic Y/N Yes
Lot Size Square Feet 6387.00
MLS Area 19103 (19103)
New Construction No
Other Structures Above Grade, Below Grade
Percent Ownership Fee Simple
Pool Y/N No Pool
Possession Negotiable
Price Per Sq Ft 446.54
Property SubType Other
Property Type Multi-Family
School District 300200397108
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Tax Annual Amount 34036.0
Tax Lot 122
Tax Year 2023
Total Units 1
Vacation Rental Y/N No
Water Access Y/N No
Waterfront Y/N No
Year Built 1854
Zoning CMX3

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Living Area 16236
Foundation Details Stone
Lot Dimensions 58.00 x 126.00
Lot Size Acres 0.15
Lot Size Source Assessor
Navigable Water Y/N No
Type of Parking Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19103

AVG $2.96M
AVG $21,286
AVG 288
Data Provided by Inside Real Estate®
Year Built
AVG 1890
AVG 99
Data Provided by Walkscore® not using MLS data

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