Public Records
Edition
Philadelphia1400 block of N 8th StJuly 9, 2026

House report

1415 N 8th St

6 bd · 4 ba · 3 stories · 2,463 sqft · RM1 · built 2019

Investor / LLC · assessed $933K · sold 1×. On the 1400 block of N 8th St.

Street view of 1415 N 8th St
From the street — imagery © Google
From above — imagery © Esri, Maxar
The story of this houseAI · written from the public record

Reading this house's deeds, permits and assessments…

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

The tax bill is temporary

Today's $2,612/yr reflects a 10-year abatement. It jumps to about $13,060/yr by 2026 — $10,448/yr more. Price the full bill, not the current one.

If you own it

Construction next door (1413 N 8th St, 2024)

Excavation deeper than 5 feet, or within 10 feet of an adjacent structure, legally requires the developer to survey neighboring homes first and give owners 10 days' written notice. Insist on the pre-construction survey — it is your evidence if cracks appear.

If you’re the landlord

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 this house's public records and the city's rules as of 2026 (abatement ordinance, Homestead, rental licensing, lead certification, L&I process, excavation protections). Informational only — not legal, tax, or investment advice.

Who's behind it

Mds Development LLC · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $1.2M combined
• Holds an active rental license for this address

The investment read

How this house 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 analyst below to dig into any number.

Assessed value
$933K
built 2019
Price / sq ft
$379
block $191 · above block
Appreciation
+11710%
+54%/yr, city 6.5%
In 5 years (~2031)
~$959K
+54%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$3K
0.28% effective, abated
Gross yield
Times sold
1
licensed rental

Value vs. the block, over time — sales, permits & L&I events marked on the line

$0$500K$1.0MBefore this chart — 2011: 2 L&I violations2018: Land $180K2019: New Construction 2019: New Construction 2019: New Construction 2019: New Construction or Additions 2019: New Construction 2019: Zoning/use2020: New Construction or Additions2024: 4 L&I violations$933K201620222027
This houseBlock median & rangeLand buyL&I violationPermit
The paper trail

Bought for $180K in 2018, built new under a 2019 permit (tax-abated).

  1. 2011 2 L&I violationsL&I
  2. 2018 $180KLand buy
  3. 2019 New ConstructionPermitNew ConstructionPermitNew ConstructionPermitNew Construction or AdditionsPermitNew ConstructionPermitZoning/usePermit
  4. 2020 New Construction or AdditionsPermit
  5. 2024 4 L&I violationsL&I

Flags: tax-abated — the bill lags real value · active rental license. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $2,612/yr under a 10-year tax abatement. By 2026 the bill reaches its full ~$13,060/yr — a step up of $10,448/yr. Drag the slider.

2016: ~$0/yr2017: ~$0/yr2018: ~$181/yr2019: ~$363/yr2020: ~$363/yr2021: ~$2,249/yr2022: ~$2,249/yr2023: ~$1,578/yr2024: ~$1,578/yr2025: ~$2,612/yr2026: ~$2,612/yr2027: ~$2,612/yr201620262027
2027~$2,612/yrfrom the record

now: ($933,000 assessed − $746,402 abated) × 1.3998% ≈ $2,612/yr 2026: $933,000 assessed × 1.3998% ≈ $13,060/yr Flat 100% exemption (pre-2022 program, started 2016), then the cliff — reassessments move both lines. After expiry an owner-occupant can claim the Homestead Exemption (~$1,400/yr off); an abated home can't hold both.

The house, on paper

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

Bedrooms
6
Bathrooms
4
Stories
3
Interior
2,463 sqft
livable area
Lot
1,237 sqft
Basement
Full, finished
city code A
Central air
Yes
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Zoning
RM1
city zoning code

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

Run the numbers

What owning 1415 N 8th St takes, at your price and your rate. Taxes are this house's actual bill from the city record; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.

$933K
20%
6.875%
$7K/mo

When this house last sold (2018) a 30-year mortgage ran about 4.54% — 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, $1,400/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record (with the abatement toggle above).

Next door: 1413 N 8th St  ·  1417 N 8th St

Where this comes from

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

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