7301 Chestnut Ave, Melrose Park, PA, 19027
About This Home
Welcome to 7301 Chestnut Avenue, where city convenience meets suburban calm. This grand triplex sits on .27 acres with solar panels, a large driveway, a two-car garage, and a second detached garage, ideal for additional parking or storage, offering both stability and upside for owner-occupiers or investors. Unit 1 is tenant occupied, receiving $2500/month and unit 3 is tenant occupied receiving $1500/month, and one of the garage spaces rented for $500/month. Units 2 is vacant. Great to add value or rent out right away! A ton of potential with this property. Each of the three units has its own kitchen, full baths, and unique character across three levels of living space. The first-floor unit features three bedrooms, two full baths, and a spacious kitchen that opens to the rear yard. Upstairs, the second-floor unit offers another three bedrooms and a full bath across more than 1,200 square feet, complete with in-unit laundry. The third-floor unit includes one bedroom and one bath with natural light throughout. The property’s outdoor areas are a standout: a fenced front yard with a covered porch and garden, plus a semi-private backyard with a patio and mature landscaping, perfect for quiet mornings or casual get-togethers. The basement includes shared laundry facilities and additional storage. Positioned between Center City and the suburbs, this location combines convenience with a relaxed residential feel, minutes from restaurants, cafés, and regional rail. A well-maintained, income-producing triplex ready for its next chapter. Schedule your showing and see why this property stands out.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1873
Materials
- Construction materials: Stone
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Triplex
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 4
Features
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Hot Water,Solar
- Cooling features: Window Unit(s),Electric
Interior Area
- Total structure area: 4,355
- Total interior livable area: 4,355 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 310006049004
- Zoning: RESIDENTIAL
- Special condition: Standard
Features
- Pool features: None
- Patio & porch: Patio,Porch
Lot
- Lot size: 0.27 Acres
- Lot size dimensions: 120.00 x 0.00
Parking
- Total spaces: 2
- Parking features: Garage Faces Rear,Inside Entrance,Covered,Detached,Driveway
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- Winter Weather
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,286 | $39,432 |
| Home Insurance * | $300 | $3,600 |
| Property Taxes | $698 | $8,376 |
| Electricity | $477 | $5,733 |
| Total | $4,761 | $57,132 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-20 | Price change | $680,000 |
| 2026-02-24 | Price change | $699,000 |
| 2025-12-04 | Price change | $725,000 |
| 2025-10-09 | Listed for sale | $750,000 |
| 2025-03-19 | Listing removed | $500 |
| 2024-11-26 | Listed for rent | $500 |
| 2024-11-20 | Sold | $650,000 |
| 2024-10-16 | Contingent | $650,000 |
| 2024-10-16 | Price change | $650,000 |
| 2024-09-24 | Price change | $600,000 |
| 2024-08-07 | Listed for sale | $650,000 |
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