16-unit residential new construction, zoned RM1.
A 16-unit residential building is set to rise at 862 N 41st St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 27, 2021.
The 10,349 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2024. The plans call for for the erection of an attached, three story, "l-shape" structure, of type va construction with a cellar and a roof deck with a roof access structure as per plans. for sixteen (16) dwelling units with layout as shown. amendment (3/6/2023) to change the slope of ramp as per revised plans.
The owner of record is 41brown 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 152 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 111 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 111 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.