Multi-family report

1949 N 7th St

5 bd · 4 ba · 3 stories · 3,134 sqft · RM1 · built 2020

Investor / LLC · assessed $963K (2026) · 2027 OPA assessment $963K · 3 licensed units · sold 2×. On the 1900 block of N 7th St.

Property summary

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

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Street view of 1949 N 7th 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$2,696/year

2026 taxable assessment $192,600 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $963,000; 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 202014700
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationPartial assessment exemption — basis unverified

2026 OPA taxes $192,600 of $963,000 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$13,480/year

Applying the same rate to the billed-year full assessment. OPA's numeric split does not say when or whether the current treatment changes.

See the assessment math →
Historical delinquency sources Record found

The June 2022 delinquency snapshot was not verifiably available in this cached report. No conclusion about a match—or today’s balance—can be drawn from that absence.

A separate historical parcel ledger ending in 2016 records $12,935.40 and a lien entry. It is shown as historical context only.

1978$1,501.72 total · $218.34 principal · $625.54 interest · $15.28 penalty1979$720.43 total · $184.24 principal · $516.79 interest · $12.90 penalty1980$741.49 total · $191.74 principal · $526.33 interest · $13.42 penalty1981$797.01 total · $209.59 principal · $562.75 interest · $14.67 penalty1982$784.44 total · $209.59 principal · $550.18 interest · $14.67 penalty1983$819.84 total · $222.79 principal · $571.45 interest · $15.60 penalty1984$563.16 total · $154.73 principal · $387.60 interest · $10.83 penalty1985$493.46 total · $137.54 principal · $336.29 interest · $9.63 penalty1986$425.80 total · $120.35 principal · $287.03 interest · $8.42 penalty1987$208.43 total · $58.45 principal · $135.89 interest · $4.09 penalty1988$193.46 total · $55.01 principal · $124.60 interest · $3.85 penalty1989$188.87 total · $54.62 principal · $120.43 interest · $3.82 penalty1990$231.46 total · $57.90 principal · $124.20 interest · $4.05 penalty1991$238.27 total · $60.83 principal · $126.83 interest · $4.26 penalty1992$245.76 total · $60.83 principal · $123.18 interest · $4.26 penalty1993$241.45 total · $60.83 principal · $119.53 interest · $4.26 penalty1994$237.11 total · $60.82 principal · $115.86 interest · $4.26 penalty1995$232.77 total · $60.81 principal · $112.19 interest · $4.26 penalty1996$247.23 total · $66.38 principal · $118.49 interest · $4.65 penalty1997$224.20 total · $60.82 principal · $104.92 interest · $4.26 penalty1998$217.73 total · $60.82 principal · $99.44 interest · $4.26 penalty1999$211.28 total · $60.82 principal · $93.97 interest · $4.26 penalty2000$204.82 total · $60.82 principal · $88.50 interest · $4.26 penalty2001$198.36 total · $60.82 principal · $83.02 interest · $4.26 penalty2002$191.90 total · $60.82 principal · $77.55 interest · $4.26 penalty2003$185.45 total · $60.82 principal · $72.08 interest · $4.26 penalty2004$178.98 total · $60.82 principal · $66.60 interest · $4.26 penalty2005$172.53 total · $60.82 principal · $61.13 interest · $4.26 penalty2006$166.06 total · $60.82 principal · $55.65 interest · $4.26 penalty2007$159.61 total · $60.82 principal · $50.18 interest · $4.26 penalty2008$153.15 total · $60.82 principal · $44.71 interest · $4.26 penalty2009$146.69 total · $60.82 principal · $39.23 interest · $4.26 penalty2010$140.23 total · $60.82 principal · $33.76 interest · $4.26 penalty2011$144.67 total · $66.84 principal · $31.08 interest · $4.68 penalty2012$141.95 total · $69.41 principal · $26.03 interest · $4.86 penalty2013$138.58 total · $71.91 principal · $20.50 interest · $5.03 penalty2014$307.04 total · $137.15 principal · $26.75 interest · $9.60 penalty2015$292.46 total · $137.15 principal · $14.40 interest · $9.60 penalty2016$247.55 total · $143.27 principal · $2.14 interest · $1.43 penalty

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
Finding

Torn down & rebuilt

Why it matters

Old house bought for $34K in 2018, demolished and rebuilt (2019).

View supporting records →

Records to verify together

Rule-based groupings across this property's dated public records. Each flag shows the records that belong in the same verification step and where the inference stops.

Dated record flagRecords to verify together

Several independent, separately dated records stack up here and deserve prompt verification.

Evidence: 7 open L&I violations · a lien number appears in the historical tax ledger through 2016 · 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.

Transparent record rules, not a score or forecast. Each flag is a prompt to verify the cited records, 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

Verify the current tax bill and exemption

The 2026 taxable assessment implies about $2,696/yr, while applying the same rate to the full assessment would imply about $13,480/yr — $10,784/yr more. OPA's assessment split does not establish the exemption program, expiration, or buyer eligibility. Verify the basis and live bill with OPA and Revenue.

If you own it

7 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.

$12,935 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 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

1949 N 7th Street LLC · corporate / LLC owner

• Tax bills mail to 307 Avon St, Philadelphia PA, 19116
• 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
$963,000
2026 billed-year assessment · 2027: $963,000 · built 2020
Price / sq ft
$307
block $146 · above block
Appreciation
+10720%
+53%/yr, city 6.5%
In 5 years (~2031)
~$989K
+53%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$2,696
0.28% effective, reduced taxable assessment
Jun 2022 tax snapshot
Gross yield
1.5%
≈$1K/mo rent
Times sold
2
licensed rental

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

$0$500K$1.0M2018: Land $34K2019: Land $108K 2019: New Construction 2019: Amend for conversion 2019: New Construction 2019: New Construction or Additions2020: New Construction 2020: New Construction 2020: New Construction or Additions2023: Change of Use2026: 7 L&I violations 2026: Inspection failed$963K201620222027
This houseBlock median & rangeLand buyL&I violationPermit

The paper trail

Old house bought for $34K in 2018, demolished and rebuilt (2019).

  1. 2018 $34KLand buy
  2. 2019 $108KLand buyNew ConstructionPermitAmend for conversionPermitNew ConstructionPermitNew Construction or AdditionsPermit
  3. 2020 New ConstructionPermitNew ConstructionPermitNew Construction or AdditionsPermit
  4. 2023 Change of UsePermit
  5. 2026 7 L&I violationsL&IInspection failedL&I visit

Flags: material assessment exemption — legal basis and term unverified · active rental license · 7 open L&I violations · historical tax ledger through 2016 recorded $13K with a lien entry. Informational only — not investment advice or a consumer report (FCRA).

The assessment exemption gap

OPA's 2026 taxable assessment implies about $2,696/year. Applying the same 1.3998% rate to the full assessed value would imply ~$13,480/year$10,784/year more. That is a scenario, not a forecast: the assessment split alone does not identify the exemption program, approval date, expiration, transfer treatment, or live Tax Center balance.

2016: ~$125/yr2017: ~$409/yr2018: ~$409/yr2019: ~$409/yr2020: ~$409/yr2021: ~$409/yr2022: ~$2,854/yr2023: ~$2,003/yr2024: ~$2,003/yr2025: ~$2,696/yr2026: ~$2,696/yr20162026
2026~$2,696/yrestimated from assessment

2026: ($963,000 assessed − $770,401 exempt) × 1.3998% ≈ $2,696/yr full-assessment scenario: $963,000 × 1.3998% ≈ $13,480/yr The OPA amount does not prove a ten-year abatement or any other specific program. Obtain the approval history and verify the current Tax Center account; a buyer should not assume the seller's relief transfers or restarts.

The property, on paper

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

Bedrooms
5
Bathrooms
4
Stories
3
Interior
3,134 sqft
livable area
Lot
1,392 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 1949 N 7th 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.

$963K
20%
6.875%
$3K/mo

When this house last sold (2019) a 30-year mortgage ran about 3.94% — 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 with an optional full-assessment stress test, not a live Tax Center balance.

Block context

1949 N 7th St sits on the 1900 block of N 7th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1947 N 7th St  ·  1951 N 7th St

Where this comes from

Methodology & freshness

This report was assembled Jul 9, 2026, 1:40 PM 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. “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)