Northern Liberties is located north of Old City and is bordered by Girard Avenue to the north; Callowhill Street to the south; North 6th Street to the west; and the Delaware River to the east (from Callowhill Street to Laurel Street; from Laurel Street to Girard Avenue the eastern boundary is North Front Street). In recent years, Northern Liberties has become a major enclave of young professionals, students, artists, and design professionals. Large improvement and revitalization projects have also been undertaken recently, causing a large jump in property values. The neighborhood's proximity to Center City has made it one of the city's most desirable development districts, both for commercial and residential real estate. The Piazza at Schmidt’s features an 80,000 square foot, hand-paved Italian-style courtyard and 7-story glass luxury apartment and retail buildings and serves to anchor the neighborhood.  Northern Liberties contains two privately owned but public parks and is served by SEPTA's Market-Frankford El with stops at Spring Garden and Girard.

Like most Philadelphia neighborhoods, the housing stock is primarily made up of rowhouses, although new development in recent times has brought high-end apartment and condominium complexes.  Traditional rowhomes are mixed with modern and green architecture.

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