A colossal Rittenhouse Square rowhome, which was formerly the Italian Consulate during the mid-20th century, has been listed for $2.5 million with approved plans to convert it into a multifamily building, writes Ryan Mulligan for the Philadelphia Business Journal.

The 10,700-square-foot Locust Street property was constructed in 1898. It is currently set up as a single-family home, but could now be converted into apartments due to its zoning as RM-1.

Preliminary plans that are already in place would allow the building to be divided into as many as five apartments. According to co-listing agent Billy Walsh of Keller Williams Empower, a developer could create two bi-level units along with a fourth-floor apartment.

Currently, the home has four bedrooms, but that number could be easily increased thanks to the large customizable fourth floor.

The majestic residence opens to a “music enclave” on one side and a parlor on the other. The second floor is home to the kitchen, a dining room, a living room, and a bedroom. Three more bedrooms–one of them a primary suite can be found on the third floor, along with an office space.

Meanwhile, the basement could easily be transformed into a gym, billiards room, or used as additional living space.

Read more about the historic Rittenhouse home that went up for sale in the Philadelphia Business Journal.

_____