New construction
Why it mattersbuilt new under a 2024 permit (tax-abated).
View supporting records →Mixed-use report
1603 Frankford Ave
3 stories · 3,185 sqft · CMX2 · built 2024
Investor / LLC · assessed $796K · sold 3×. On the 1600 block of Frankford Ave.
Property summary
Assessment$796KCity assessed value
Last sale$455KRecorded 2022
Est. annual tax$4K/yearAssessment × 1.3998%
Tax delinquency—Snapshot unavailable
Permits8Shown in this report
ViolationsNone openNo open L&I cases
What stands out
From the public recordWhat 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.
Recent transition activity
The property has an unusually active paper trail worth monitoring for the next permit, inspection, deed, or listing.
Evidence: 8 permit events since 2023 · 2 zoning/board appeals since 2023
Limit: Record activity alone does not establish that a sale or redevelopment is planned.
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
The current tax estimate is temporary
The taxable assessment implies about $4,308/yr under a 10-year abatement. The estimate steps up every year and reaches about $11,142/yr in 2035 — $6,834/yr more. Underwrite the post-abatement estimate and verify the actual bill with Revenue.
If you’re the landlord
No active rental license on file
If this property is rented, Philadelphia requires a Rental License (via eCLIPSE) — without it a landlord cannot legally collect rent or evict, and tenants can withhold. Licensing needs tax clearance and no open violations.
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
1603 Frankford Owner LLC · corporate / LLC owner
• Tax bills mail to 222 W Rittenhouse Sq #2106, Philadelphia PA, 19103
• 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
$796K
built 2024
Price / sq ft
$250
block $134 · above block
Appreciation
+6%
+3%/yr, city 6.5%
In 5 years (~2031)
~$797K
+3%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$4K
0.54% effective, abated
Jun 2022 tax snapshot
—
Gross yield
2.7%
≈$2K/mo rent
Times sold
3
kept in the family
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeL&I violationZoningInspection
The paper trail
New constructionbuilt new under a 2024 permit (tax-abated).
- 2023 L&I: 1 failed, 1 passedL&I visit
- 2024 2 L&I violationsL&IAppeal completeZoningAddition and/or AlterationsPermitNew Construction or AdditionsPermit
- 2025 Addition and/or AlterationPermitAddition and/or AlterationsPermitNew ConstructionPermitSigns (Accessory / Non-Accessory)PermitSignPermitAddition and/or AlterationsPermitAppeal completeZoning
Flags: tax-abated — the bill lags real value · 2 zoning/board appeals on record · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).
The abatement clock
This house’s taxable assessment implies about $4,308/yr under a 10-year tax abatement that steps down every year. In 2035 the assessment-based estimate reaches ~$11,142/yr — a step up of $6,834/yr, 8 assessment years out. Drag the slider.
now: ($796,000 assessed − $488,242 abated) × 1.3998% ≈ $4,308/yr
2035: $796,000 assessed × 1.3998% ≈ $11,142/yr
The abated slice shrinks ~10% a year (post-2022 program, started 2025) — 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
3
Interior
3,185 sqft
livable area
Lot
1,360 sqft
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
1
assessor's grade
Zoning
CMX2
city zoning code
Zoning appeals
2
complete 2025
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 1603 Frankford Ave 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 the area median. Assessed value is not an asking price — set the price slider to the real one.
When this house last sold (2022) a 30-year mortgage ran about 5.34% — 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).
Block context
1603 Frankford Ave sits on the 1600 block of Frankford Ave. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 1601 Frankford Ave · 1605 Frankford Ave
Where this comes from
- Assessment, spec sheet & owner — OPA Property Assessments, Office of Property Assessment
- Sales & deed history — Realty Transfer Tax records, Recorder of Deeds
- Permits, violations & inspections — L&I Property History · Atlas
- Tax delinquency snapshot · June 2022 — Real Estate Tax Delinquencies, Dept. of Revenue
- Historical tax ledger & liens · through 2016 — Real Estate Tax Balances, Dept. of Revenue
- Current property-tax balance — Verify with Philadelphia Revenue
- Zoning appeals — L&I & Zoning Board appeals
- Neighborhood income & rents — US Census ACS 5-year estimates
- Historical mortgage rates — Freddie Mac Primary Mortgage Market Survey, annual averages
- Imagery — Street photo © Google · Aerial © Esri, Maxar
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.
First time here?
This is 1603 Frankford Ave,
on paper.
Built 2024. Every deed, permit, L&I visit, tax bill and sale for this house — plus its whole block.
No signup, no teaser
The whole record is free.
Permits, violations, taxes, deeds, ownership, and block context are all here. The public record is free to read; membership is for deeper research.
Three taps, you're oriented
What to catch on the way down.
On the way down: the story of the house, its paper trail drawn on the value chart, and run-the-numbers, a calculator seeded with an assessment-based annual tax estimate.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)