Center City Philadelphia

The Ellington, located at 1500 Chestnut Street in Center City Philadelphia, is a 20-story condominium building originally built in 1923 and converted in 2006. The building includes 162 units, with one- to three-bedroom layouts and bi-level penthouses.

Positioned near Rittenhouse Square on Chestnut Street, the location offers immediate access to Jefferson Hospital, the University of Pennsylvania, Drexel University, as well as restaurants, shopping, and public transportation.

What You’re Really Getting at The Ellington

Units Typically Include:

• ~10-foot ceilings
• Hardwood floors
• Large windows with strong natural light
• Granite and stainless kitchens
• Central air
• In-unit laundry

Building features:

• 24-hour concierge
• Fitness center
• Resident lounge

Condo fees generally include master insurance policy, management, water & sewer, and common maintenance. There is no on-site parking, but nearby garage options are commonly used.

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Who This Building Works For

The Ellington tends to make the most sense for buyers who:

• Want a walkable Center City location near Rittenhouse Square
• Value concierge service and simplicity of ownership
• Are comfortable without on-site parking
• Are comparing other Chestnut Street or Rittenhouse-area buildings

It’s less about amenities—and more about location and convenience.

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Where Buyers Hesitate

Most buyers I work with ask about the same things:

• Lack of on-site parking
• Chestnut Street noise and activity
• How do values compare to newer buildings

These are valid considerations—and they’re exactly what affects resale.

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How The Ellington Compares

In this price range, buyers are usually deciding between:

• Older, well-located buildings like The Ellington
• Or newer buildings with more amenities but higher prices

The trade-off is simple: location and price vs. amenities and newer construction. The Ellington holds the edge due to the realistic pricing structure of the building.

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Market Insight (What Actually Matters)

Values at The Ellington tend to come down to:

• Unit condition and updates
• Floor level and exposure
• Views
• Floor plan
• Natural light

Two units in the same building can sell at noticeably different prices depending on those factors.

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Bottom Line

We believe The Ellington is a solid investment, offering a central location, realistic value, and security provided by its 24-hour doorman. The building is always clean, and the staff is friendly.

If your priorities are location, walkability, and a straightforward, full-service building, The Ellington is worth considering. If you’re looking for newer construction or heavy amenities, you’ll likely be comparing other options nearby.

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Before You Buy at The Ellington

Most buyers don’t realize how much variation there is between units here. Again, interior condition, natural light, views, floor height, and layout all affect value at 1500.

If you want, I can show you:

• Which units have sold at a premium (and why)
• Recent trends in value and sales
• How does this building compare to others nearby

No pressure—just useful information.

We’d enjoy hearing from you regarding The Ellington. Drop us a note: Sales@CenterCity.com.

Mark Wade
CenterCityCondos.com
267.237.3404