Prime Investment Opportunity – 1101 Chestnut St, Reading, PA 19602. Unlock the potential of this versatile mixed-use commercial property located in the heart of Reading! Positioned on a high-visibility corner lot, 1101 Chestnut Street offers immediate income potential and long-term growth—an ideal opportunity for investors or owner-occupants. First Floor –Commercial Space (Vacant): Spacious and flexible layout, perfect for retail, office, or a service-based business. Features excellent street exposure and high foot traffic, making it an ideal spot for entrepreneurs looking to launch or expand. Second Floor Unit 1: 1 Bedroom, 1 Bathroom – A well-designed layout offering comfort and privacy. Unit 2: Studio Apartment – Cozy and efficient, perfect for a single tenant. Unit 3: 3 Bedrooms, 1 Bathroom – Spacious and versatile, ideal for small families or shared living. Each residential unit has a separate entrance, enhancing convenience and privacy for tenants. With a mix of residential rental income and a vacant commercial space ready for occupancy or leasing, this property delivers solid cash flow potential and flexibility. Don’t miss your chance to own a multi-use building in a growing area—schedule your private showing today!
For sale
Price cut: $25K (9/23)
$450,000
1101 Chestnut St, Reading, PA 19602
5beds
--baths
--sqft
Est.:
Townhouse
Built in 1900
-- sqft lot
$451,000 Zestimate®
$--/sqft
$-- HOA
What's special
High-visibility corner lotSpacious and flexible layoutWell-designed layoutExcellent street exposure
- 190 days |
- 255 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: September 23, 2025 at 07:20am
Listed by:
Mr. Nehemiah J Lindo 484-784-8113,
Realty One Group Alliance 6104848663
Source: Bright MLS,MLS#: PABK2058530
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Rear, Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,178 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 03531621191144
- Zoning: COMMERCIAL MIXED USE
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick, Stucco
- Foundation: Other
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Reading
- Municipality: READING CITY
Financial & listing details
- Tax assessed value: $39,200
- Annual tax amount: $1,767
- Date on market: 6/10/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
$451,000
$428,000 - $474,000
$1,377/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2025 | Price change | $450,000-5.3% |
Source: | ||
| 6/10/2025 | Listed for sale | $475,000+955.6% |
Source: | ||
| 12/22/2020 | Sold | $45,000-50% |
Source: Public Record Report a problem | ||
| 6/12/2018 | Listing removed | $90,000 |
Source: Keller Williams Platinum Realt #1004933233 Report a problem | ||
| 6/4/2018 | Listed for sale | $90,000-33.3% |
Source: Keller Williams Platinum Realt #1004933233 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,767 +1.5% | $39,200 |
| 2024 | $1,741 +1.6% | $39,200 |
| 2023 | $1,714 | $39,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,895/mo
Principal & interest
$2167
Property taxes
$570
Home insurance
$158
Climate risks
Neighborhood: 19602
Nearby schools
GreatSchools rating
- 4/10Southern Middle SchoolGrades: 5-8Distance: 0.1 mi
- 2/10Reading Senior High SchoolGrades: 9-12Distance: 1.1 mi
- 4/10Amanda E Stout Elementary SchoolGrades: PK-4Distance: 0.2 mi
Schools provided by the listing agent
- District: Reading
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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