William Penn House

William Penn House: Prime Center City Co-op Living

The William Penn House, rising 31 stories at 1919 Chestnut St., offers more than just a home - it's a lifestyle steeped in history and community. Built in 1965, this architectural landmark places you at the epicenter of Philadelphia's vibrant Center City. What the building offers for the price is fairly substantial. Imagine stepping into a piece of Philadelphia history right in the heart of Center City. That's the William Penn House at 1919 Chestnut Street in Center City Philadelphia.

Prime Location:

• Steps from Rittenhouse Square, cultural attractions, dining, & shopping.

• Easy access to public transportation.

• Walk Score: [Insert Walk Score here if available]

Co-op Ownership Benefits:

• Be part of a tight-knit community with a voice in building management.

• Potential for lower monthly fees compared to condos.

• Shared ownership fosters a sense of belonging.

Diverse Floor Plans:

• Studio to 3-bedroom layouts.

• Sizes ranging from 462 to 1971 sq. ft.

• Many units boast private terraces with city views.

Lifestyle Amenities:

• 24-hour doorman & lobby attendant for security & convenience.

• On-site garage parking - a valuable asset in Center City.

• Fitness center to stay active without leaving home.

• Rooftop pool with stunning panoramic views.

• Pet-friendly building (restrictions may apply).

General Co-op Association Information:

• Ownership Structure: Residents own shares in the corporation that owns the building, not the individual units themselves.
• Board of Directors: Elected by the shareholders, the board oversees the building's management, finances, and rules.
• Monthly Fees: Shareholders pay monthly maintenance fees that cover building operating costs, property taxes, and often utilities.
• Subletting & Sales: Co-ops typically have stricter rules on subletting and sales than condos, and potential buyers must obtain board approval.
• Financial Requirements: Co-ops often have stricter financial requirements for buyers than condos, including minimum income and asset levels.

William Penn House Specifics:

• Pet Policy: No dogs allowed. Please check co-op documents for any changes.
• Financials: There is an administrative fee at closing. Only a few lenders finance co-op purchases in Center City.  
• No Assessments: No assessments had been levied as of fall 2019. This indicates good financial health.

Whether you're looking for a cozy studio to call your own, a spacious family home, or something in between, the William Penn House has you covered. Remember, as  Realtors in Philadelphia, we're here to guide you through the entire process, from your initial inquiry to closing day. Don't hesitate to reach out with any questions you may have!