4134 Pennsgrove StUnder construction

A 4-unit residential building is set to rise at 4134 Pennsgrove St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Apr 22, 2025.

The 1,520 sq ft site is zoned RSA5, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2022 for $125K. The plans call for new construction of a three (3) story building with basement for use as a four (4) family dwelling as per approved plans. building to be fully sprinklered per nfpa 13. work to include underpinning to be monitored by a pa licensed pe at all times. see permit sp-2024-000818 for excavation work. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 10/19/25 amend new construction permit cp-2025-000736 for changes to interior layout and creation of new window openings as per approved plans. .

The owner of record is 4134 Pennsgrove Street LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.

It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 160 units of new supply — including the 10-unit project at 4129 Ogden St, the 9-unit project at 871 N Preston St, the 9-unit project at 871 N Preston St. That kind of concentration is exactly what pulls land values, and buyer attention, toward a block.

We'll update this page as the project progresses — leasing, retail tenants, renderings, and construction milestones as they surface. The relevant question for investors and agents: what are the surrounding parcels worth to a builder now that this is coming?