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626 S 7th St, Philadelphia, PA, 19147

1beds
--baths
2,720sqft
$1,200,000
$441price/sqft
$8,119/moest. monthly cost
$324,760/yrincome needed

About This Home

Wouldn't it be wonderful to have a small business or space for a passion project on a picturesque neighborhood corner, and retire every evening to a beautifully custom home with incredible private amenities that's all right upstairs? Prime investment and development opportunity in this exceptionally maintained mixed use corner property with one significantly improved commercial space with attached garage, and one custom one bedroom + loft, bi-level residence with multiple private outdoor spaces and separate entry, lovingly named SKY HOUSE. The existing residence offers 1 bedroom, 1.5 baths, in-unit laundry in a dedicated laundry room, access to two private roof decks, two fireplaces, a loft space, and separate storage area that may be built out as additional living space. Live in the upstairs residence and set up shop in the fully built in ground level commercial space with interior access to the attached garage. This property is well positioned on a high traffic corner in Queen Village, coveted by businesses for its access to sophisticated clientele and by residents for its access to superb neighborhood offerings in highly sought-after Meredith catchment. Capitalize on local demand by offering the existing units as-is, at increased rents with minor renovation, or by development of two additional residential apartments as permitted by right. This property not only serves as a reliable income-generating asset but also positions you for long-term growth in a thriving market.

Getting Around

98
WalkingWalker's Paradise
97
TransitRider's Paradise
87
BikeVery Bikeable

Schools

10/10
2/10

Construction

Condition

  • Property condition: Excellent
  • Year built: 1976

Materials

  • Roof: Flat,Rubber,Wood
  • Construction materials: Masonry

Type & Style

  • Home type: MultiFamily
  • Property subType: Retail

Interior

Appliances

  • Appliances included: Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 1

Features

  • Bathroom - Tub Shower,Cedar Closet(s),Exposed Beams,Open Floorplan,Spiral Staircase,Other
  • Window features: Skylight(s),Window Treatments
  • Flooring: Hardwood,Wood

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: Ductless,Multi Units,Wall Unit(s),Window Unit(s),Electric

Interior Area

  • Total structure area: 2,720
  • Total interior livable area: 2,720 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 871505280
  • Zoning: CMX2
  • Special condition: Standard

Features

  • Levels: Bi-Level
  • Pool features: None
  • Patio & porch: Deck,Roof

Lot

  • Lot size: 1,720 sqft
  • Features: Corner Lot/Unit
  • Lot size dimensions: 20.00 x 86.00

Parking

  • Total spaces: 1
  • Parking features: Covered,Garage Door Opener,Inside Entrance,Private,Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Winter Weather
Tsunami

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,067$72,804
Home Insurance *$345$4,140
Property Taxes $1,409$16,908
Electricity $298$3,581
Total$8,119$97,428
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$278,365/yr
40% on housing$243,570/yr
45% on housing$216,506/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.5%
5.5%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$441This listing

vs Other Active Listings

Avg $/sqft

ZIP 19147$281
Philadelphia County$162

vs Homes Sold Last Month

Median $/sqft

ZIP 19147$579
Philadelphia County$236

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-11Listed for sale$1,200,000
2018-08-01Sold$1,850

For Sale by Agent

AgentJennifer Rhee
BrokerageSERHANT PENNSYLVANIA LLC

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