Looking for your dream home with an owners unit and or a great high end investment property that you can customize to your personal specifications? If so this one is for you! Located in one of the most sought after locations in the City! Look no more. Huge Victorian Home within the PENN ALEXANDER CATCHMENT District. This huge home is in functional condition and will not take much to make it your dream home with additional rental income or high end investment property. Property is currently set up as a 12 room Fraternity Home but is able to be converted to single family or duplex use by right under its current zoning. Original Hardwood floors flow through out the house. This home has 7 Bedrooms and 2.5 Bath, the Top floor can be used as a Den or 8th Bedroom. Property has a large front porch over looking the tree lined 42nd street and a very large rear yard. When you enter the home you will see the Living room on the left which leads into the dining room and rear kitchen area. The Basement is almost a full envelope of the 1st level and has great ceiling height for future use as a family room or recreational area. All mechanical's are located in the basement as well. The location of this property is fantastic, near the Penn Alexander, University of PA, Chop, U of P Hospital, Shops, Parks, and Restaurants. Baltimore Ave trolley line within walking distance. Property will be sold as is. Property is under consideration for historically certification and may be subject to restrictions of the Philadelphia Historical Society when obtaining permits. The deed for this property is not under certain deed restrictions as many similar homes in the neighborhood are limiting it to single family use only.