A construction permit has been issued for the development of a three-story residential building at a href=”https://phillyyimby.com/category/5012-Market-Street”>5012 Market Street in a href=”https://phillyyimby.com/category/Walnut-Hill”>Walnut Hill, West Philadelphia. The project site is currently a vacant lot located along Market Street. Records list NU Canvas LLC as the property owner, with design work prepared by 24/7 Design Group and construction to be carried out by REFH LLC.
The total construction cost is listed at $650,000, including $600,000 allocated to general construction and $50,000 for excavation.
5012 Market Street Location via 24/7 Design Group
Permit documentation describes the erection of an attached structure with a basement, roof decks, and two roof deck access structures. The building will contain five residential units and is classified as Group R-2 occupancy. Construction will utilize Type V-B methods and the structure will be fully sprinklered in accordance with NFPA 13 standards.
Zoning records indicate that the property is located within an RM-1 residential district. A zoning permit authorizing multi-family residential use was issued in September 2025, with an amendment approved in January 2026, for modifications to the roof deck access structures. The lot measures approximately 2,404 square feet, with a proposed building footprint of 1,605 square feet, representing roughly 66.8 percent lot coverage. The plans also show a minimum rear yard depth of 9 feet and a maximum building height of 34 feet 7 inches, remaining below the 38-foot limit.
5012 Market Street Section via 24/7 Design Group
Drawings depict a structure rising three stories above a basement level. The zoning section shows the basement and three above-grade floors arranged within the building envelope, with the approved program providing five dwelling units. The roof includes two pilot house structures, each indicated to be under 125 square feet, providing access to a shared roof deck. A second-floor balcony is also shown along the rear portion of the structure, along with a light well integrated into the building mass.
5012 Market Street Site via 24/7 Design Group
The site plan illustrates a rectangular building footprint extending approximately 80 feet into the lot, with a front setback of about 22 feet aligning with adjacent structures along Market Street. A covered porch and entry sequence are shown near the front of the building, while the rear portion of the lot includes open space and yard area.
No construction timeline has been disclosed in the available permit records.
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And less than two blocks from the 52nd St. Station of the Market-Frankford Line and the 52nd St. shopping district. Too bad the original home was razed (between November 2020 and July 2024) rather than rehabbed.