Multi-family report

1502-04 Green St

4 stories · 11,431 sqft · RM1 · built 2016

Investor / LLC · assessed $1.6M · 10 licensed units · sold 7×. On the 1500 block of Green St.

Street view of 1502-04 Green St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

Verify the current balance before relying on it.

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

A separate historical parcel ledger ending in 2016 records $4K and a lien entry. It is shown as historical context only.

Verify current balance with Philadelphia Revenue →

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

The tax bill is temporary

Today's $21,128/yr reflects a 10-year abatement. It jumps to about $22,638/yr in 2028 — $1,510/yr more. Price the full bill, not the current one.

The last transfer was not a sale

The most recent recorded deed moved for nominal consideration, within one family. That is where tangled-title problems live — budget a real title search. (Occupants untangling an inherited deed can get help from the city's Tangled Title Fund.)

If you own it

$4,027 in the historical tax ledger through 2016

Historical context only, not a current payoff figure; that ledger also contains a lien entry. Verify today's balance and lien status directly with Philadelphia Revenue before relying on it.

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

1502-1504 Green Street LLC · corporate / LLC owner

• Tax bills mail to 831 N 19th St, Philadelphia PA, 19130
• 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
$1.6M
built 2016
Price / sq ft
$141
block $303 · below block
Appreciation
-21%
-3%/yr, city 6.5%
In 5 years (~2031)
~$1.6M
-3%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$21K
1.31% effective, abated
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
1.3%
≈$2K/mo rent
Times sold
7
kept in the family

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

$0$1.3M$2.5M2016: 3 L&I violations 2016: L&I: 2 failed, 1 passed 2016: Mechanical 2016: Electrical 2016: Administrative2017: Administrative 2017: 7 L&I violations incl EXTERIOR STRUCT UNSAFE COND 7 2017: Inspection failed ×3 2017: Major alteration2018: Electrical 2018: 4 L&I violations 2018: L&I: 3 failed, 2 passed$1.6M201620222027
This houseBlock median & rangeL&I violation

The paper trail

built new under a 2016 permit (tax-abated).

  1. 2016 3 L&I violationsL&IL&I: 2 failed, 1 passedL&I visitMechanicalPermitElectricalPermitAdministrativePermit
  2. 2017 AdministrativePermit7 L&I violations incl EXTERIOR STRUCT UNSAFE COND 7L&IInspection failed ×3L&I visitMajor alterationPermit
  3. 2018 ElectricalPermit4 L&I violationsL&IL&I: 3 failed, 2 passedL&I visit

Flags: tax-abated — the bill lags real value · active rental license · historical tax ledger through 2016 recorded $4K with a lien entry · 1 zoning/board appeal on record · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $21,128/yr under a 10-year tax abatement. In 2028 the bill reaches its full ~$22,638/yr — a step up of $1,510/yr, 1 assessment year out. Drag the slider.

2018: ~$2,884/yr2019: ~$2,970/yr2020: ~$3,000/yr2021: ~$3,000/yr2022: ~$3,000/yr2023: ~$2,800/yr2024: ~$2,800/yr2025: ~$2,800/yr2026: ~$2,800/yr2027: ~$21,128/yr2028: ~$22,638/yr (projected)2029: ~$22,638/yr (projected)201820282029
2027~$21,128/yrfrom the record

now: ($1,617,200 assessed − $107,842 abated) × 1.3998% ≈ $21,128/yr 2028: $1,617,200 assessed × 1.3998% ≈ $22,638/yr Flat 100% exemption (pre-2022 program, started 2018), 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.

Stories
4
Interior
11,431 sqft
livable area
Lot
3,129 sqft
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
B
assessor's grade
Zoning
RM1
city zoning code
Zoning appeals
1
granted with conditions 2010

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

Run the numbers

What owning 1502-04 Green St takes, at your price and your rate. Taxes are this building's actual bill from the city record; rent starts at 10 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.

$1.6M
20%
6.875%
$15K/mo
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, $7,000/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record (with the abatement toggle above).

Block context

1502-04 Green St sits on the 1500 block of Green St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1500 Green St  ·  1500 Green 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)