4-unit residential new construction, zoned RM1.
A 4-unit residential building is set to rise at 1114 N 41st St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 22, 2024.
The 1,700 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2018. The plans call for for the erection of an attached three-story structure of type vb construction for use as a four (4) family household living. building to be sprinklered in accordance with nfpa 13r. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. **a covered walkway or sidewalk closure shall be required within the building facade in accordance with section 3306 of the 2018 ibc. separate building and/or streets department permit required prior to the start of any work.**.
The owner of record is Hasben Family Trust. 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 221 units of new supply — including the 8-unit project at 1203 N 41st St, the 16-unit project at 4000-18 Parkside Ave, the 8-unit project at 1221 N 42nd 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 93 under-built parcels within a half-mile that a developer could still acquire and build — each carrying a builder's max bid. Addresses and figures are members-only.
Unlock the 93 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.