Multi-family report

141 E Wellens St

4 bd · 3 ba · 3 stories · 1,785 sqft · RSA3 · built 1940

Investor / LLC · assessed $243K (2026) · 2027 OPA assessment $264K · 3 licensed units · sold 2×. On the 100 block of E Wellens St.

Property summary

“Open” reflects records available then historical records keep their source dates estimates are labeled

BlockReport AI · cited public records

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Street view of 141 E Wellens St
From the street — imagery © Google
From above — imagery © Esri, Maxar

The estimate, live balance, and back-tax record are different.

BlockReport can calculate the annual tax from the City’s taxable assessment. Payments, credits, interest, and a current amount due live separately in Philadelphia Tax Center.

Estimated annual Real Estate Tax$3,397/year

2026 taxable assessment $242,700 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $264,100; it is not the 2026 billed-year value.

Official current account balanceCheck live

A Tax Center balance is net of bills, payments, credits, interest, and adjustments. A credit—or an amount due—is not automatically “back taxes.”

OPA 421191200
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationNo exemption shown

2026 taxable assessment equals the full assessed value.

Historical delinquency sources No current conclusion

This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.

For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”

What stands out

From the public record

What to do with this

The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.

If you’re buying

Built 1940: lead rules apply

Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.

3 units and RSA3 zoning need reconciliation

The assessment or license record describes multiple units while the zoning district is generally single-family. That does not establish whether the use is lawful, nonconforming, abandoned, or incorrectly coded. Verify the registered use and Certificate of Occupancy with L&I before pricing multiple rents.

If you own it

2 open violations: the clock matters

Most L&I appeals must be filed within 30 days; unsafe or imminently dangerous orders can carry a shorter deadline. Unresolved notices can lead to fees, court enforcement, City abatement work, and liens. Read the dated notice and verify its current status with L&I.

If you’re the landlord

Lead certificate is not optional

Built 1940: every rental unit needs a lead-safe or lead-free certificate on file with the City. Without one: fines up to $2,000/day per unit, tenants may withhold rent, courts can order rent refunded — and no eviction will stand.

Licensed rental — keep it that way

Renewal requires city tax clearance and zero open L&I violations on the property. A lapsed license suspends the right to collect rent or evict.

Derived from the fetched property records and linked City guidance as of 2026. Assessment treatment is not a substitute for an exemption approval, live balance, title report, license, occupancy certificate, or inspection. Informational only — not legal, tax, or investment advice.

Who's behind it

Thompson Real Estate Development LLC · corporate / LLC owner

• Owns 5 properties across Philadelphia under this name, assessed at $1.3M combined
• Tax bills mail to 530 E 159th St, Bronx NY, 10451 — outside Philadelphia
• Holds an active rental license for this address

The investment read

How this building has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$242,700
2026 billed-year assessment · 2027: $264,100 · built 1940
Price / sq ft
$148
block $135 · above block
Appreciation
+126%
+8%/yr, city 6.5%
In 5 years (~2031)
~$265K
+8%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$3,397
1.29% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
3.5%
≈$771/mo rent
Times sold
2
licensed rental

Assessment vs. the block · every dated City record marked on the line

$0$125K$250K$243K2002200620102014201820222026
Assessment lineBlock median & rangeAssessmentDeed / saleL&I violationInspectionLicense

Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.

Highlight
Every dated record15 events · exact dates, newest first
  1. InspectionL&I investigation
  2. L&I violationRUBBISH & GARBAGE
  3. L&I violationEXTERIOR AREA WEEDS
  4. LicenseRental
  5. InspectionL&I investigation
  6. L&I violationEXTERIOR AREA WEEDS
  7. InspectionL&I investigation
  8. L&I violationRENTAL LICENSE MULTI FAMILY (R2)
  9. L&I violationEXTERIOR STRUCTURE WINDOWS, SKYLIGHTS DOOR FRAMES
  10. L&I violationEXTERIOR AREA WEEDS
  11. Deed / saleDeed / sale $210K
  12. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  13. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  14. LicenseRental
  15. Deed / saleDeed / sale $70K

The paper trail

Traded 2×: $70K in 2002 → $210K in 2021 (+200%).

  1. 2002 $70KSold
  2. 2008 Inspection passedL&I visit
  3. 2021 $210KSold
  4. 2023 3 L&I violationsL&IL&I: 2 failed, 2 passedL&I visit
  5. 2024 L&I violationL&IL&I: 2 failed, 1 passedL&I visit
  6. 2026 2 L&I violationsL&IInspection failed ×2L&I visit

Browse the source ledger

The chart above is the primary timeline. This drawer preserves every underlying dated row and its filed status for source-level review.

Open the City record ↗
Browse 19 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. InvestigationL&I investigation

    Case CF-2026-045659 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  2. ViolationRUBBISH & GARBAGE

    Case CF-2026-045659 · Violation VI-2026-027767 · OPEN

  3. ViolationEXTERIOR AREA WEEDS

    Case CF-2026-045659 · Violation VI-2026-027766 · OPEN

  4. LicenseRental

    License 0994856 · Active

    Thompson Real Estate Development LLC · Expires 2026-12-03

  5. InvestigationL&I investigation

    Case CF-2024-075683 · PASSED

    The cited inspection visit was marked passed.

  6. InvestigationL&I investigation

    Case CF-2024-075683 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  7. ViolationEXTERIOR AREA WEEDS

    Case CF-2024-075683 · Violation VI-2024-059040 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  8. InvestigationL&I investigation

    Case CF-2023-112241 · PASSED

    The cited inspection visit was marked passed.

  9. InvestigationL&I investigation

    Case CF-2023-104899 · PASSED

    The cited inspection visit was marked passed.

  10. ViolationRENTAL LICENSE MULTI FAMILY (R2)

    Case CF-2023-112241 · Violation VI-2023-084126 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  11. ViolationEXTERIOR STRUCTURE WINDOWS, SKYLIGHTS DOOR FRAMES

    Case CF-2023-112241 · Violation VI-2023-084127 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  12. InvestigationL&I investigation

    Case CF-2023-112241 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  13. ViolationEXTERIOR AREA WEEDS

    Case CF-2023-104899 · Violation VI-2023-078098 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  14. InvestigationL&I investigation

    Case CF-2023-104899 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  15. Recorded transfer$210K transfer

    2021

  16. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 78969 · PASSED

    A legacy L&I inspection label. The unit inspected housing for property-maintenance, fire-prevention, and related code compliance; the separate status says how that visit ended. The cited inspection visit was marked passed.

  17. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 78969 · FAILED

    A legacy L&I inspection label. The unit inspected housing for property-maintenance, fire-prevention, and related code compliance; the separate status says how that visit ended. The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  18. LicenseRental

    License 257327 · Inactive

    SALVADOR/MARIA GUERRERO · Expires 2022-02-28 · Inactive 2022-04-29

  19. Recorded transfer$70K transfer

    2002

What this record suggests

2 violations are still marked open in the assembled record. The date and status belong in a current L&I check before relying on them.

Flags: active rental license · 2 open L&I violations. Informational only — not investment advice or a consumer report (FCRA).

The property, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Bedrooms
4
Bathrooms
3
Stories
3
Interior
1,785 sqft
livable area
Lot
2,278 sqft
Basement
Full, unfinished
city code C
Heat
Undetermined
city code H
Central air
No
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
Zoning
RSA3
city zoning code

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Run the numbers

What owning 141 E Wellens St takes, at your price and your rate. Taxes start with an annual estimate from the City’s taxable assessment, not a current bill or balance; rent starts at 3 licensed units × ~85% of the area's median unit rent — the whole building's income, not one unit's. Assessed value is not an asking price — set the price slider to the real one.

$264K
20%
6.875%
$2K/mo

When this house last sold (2021) a 30-year mortgage ran about 2.96% — Freddie Mac's average that year.

Mortgage
P&I · 30-yr fixed
All-in monthly
+ taxes & insurance
Cash to close
down + ~4% costs
Cash flow
rent − all costs · /mo
Cap rate
NOI ÷ price
Cash-on-cash
year-1 return on cash in

Estimates for orientation, not advice. Assumes a 30-year fixed loan, $2,100/yr insurance, 1% of price/yr maintenance; taxes use this parcel's taxable assessment, not a live Tax Center balance.

Block context

141 E Wellens St sits on the 100 block of E Wellens St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 139 E Wellens St  ·  143 E Wellens St

Where this comes from

Methodology & freshness

This report was assembled Jul 10, 2026, 10:01 AM ET. Available City datasets are queried from OpenDataPhilly (phl.carto.com) and the cited City ArcGIS feeds; record queries paginate rather than silently taking a first page. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “Unavailable” means the source query failed or was not supplied, not “no record.” Reports re-pull on view after seven days and on an overnight rolling schedule; citywide benchmarks recompute weekly. Source dates still govern: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. The live balance and date-effective payoff must be verified in Tax Center. AI-written passages are grounded in the assembled record and rejected if they state a number the record does not hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)