Multi-family report

1424 Cambridge St

4 bd · 4 ba · 3 stories · 1,782 sqft · RM1 · built 1915

Investor / LLC · assessed $360K · 2 licensed units · sold 3×. On the 1400 block of Cambridge St.

Street view of 1424 Cambridge St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record
Finding

Renovated & sold on

Why it matters

Bought for $25K in 2003, use permit in 2017, sold for $408K in 2021 (+1531%).

View supporting records →

What the record is signaling

Early patterns mined across this property's dated public records. Each flag shows what triggered it and where the inference stops.

elevated signalPublic-record pressure

More than one public record deserves a current-status check.

Evidence: 4 open L&I violations · failed L&I inspection activity in 2026

Limit: A screening signal, not a foreclosure prediction. Tax entries are historical and must be verified with Philadelphia Revenue.

watch signalAssessment/permit mismatch

The assessment jumped 32% in 2023, but no matching permit appears in the property timeline.

Evidence: assessment moved from $349,100 to $460,900 · no permit shown in 2022-2024

Limit: Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it.

Transparent record rules, not a machine-learning forecast. A signal is a prompt to verify the cited record, not a prediction or allegation.

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 1915: 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.

If you own it

4 open violations: the clock matters

L&I appeals must be filed within 30 days — just 6 days if a property is designated UNSAFE or IMMINENTLY DANGEROUS. Left unresolved, the city can do the work itself, bill the owner (routinely $50,000+ on a rowhouse), lien the property, and add court fines of $300+/day.

If you’re the landlord

Lead certificate is not optional

Built 1915: 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 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

1424 Cambridge Street Owner LLC · corporate / LLC owner

• Tax bills mail to 500 N Franklin Tpke #307, Ramsey NJ, 07446 — outside Philadelphia
• Holds an active rental license for this address
• The last transfer was a nominal/family deed, not an open-market sale

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
$360K
built 1915
Price / sq ft
$202
block $214 · below block
Appreciation
+47%
+4%/yr, city 6.5%
In 5 years (~2031)
~$361K
+4%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$5K
1.4% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
4.7%
≈$1K/mo rent
Times sold
3
kept in the family

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

$0$250K$500KBefore this chart — 2003: Sold $25K 2015: Sold $1.3M2017: Use2021: Sold $408K2026: 4 L&I violations 2026: Inspection failed$360K201620222027
This houseBlock median & rangeSaleL&I violationPermit

The paper trail

Bought for $25K in 2003, use permit in 2017, sold for $408K in 2021 (+1531%).

  1. 2003 $25KSold
  2. 2015 $1.3MSold
  3. 2017 UsePermit
  4. 2021 $408KSold
  5. 2026 4 L&I violationsL&IInspection failedL&I visit

Flags: active rental license · 4 open L&I violations · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

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

Bedrooms
4
Bathrooms
4
Stories
3
Interior
1,782 sqft
livable area
Lot
917 sqft
Basement
Full, finished
city code A
Heat
Forced hot air
city code A
Central air
No
Exterior condition
Average
city code 4
Interior condition
Above average
city code 3
Quality grade
C+
assessor's grade
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 1424 Cambridge St takes, at your price and your rate. Taxes are this building's actual bill from the city record; rent starts at 2 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.

$360K
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, $1,400/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.

Block context

1424 Cambridge St sits on the 1400 block of Cambridge St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1422 Cambridge St  ·  1426 Cambridge St

Where this comes from

Methodology & freshness

Available City datasets are queried from OpenDataPhilly (phl.carto.com), then reports are cached and refreshed on a rolling schedule. Source dates vary: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. Other dossiers re-pull on view once stale, and citywide benchmarks recompute weekly. 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)