Public Records
Edition
Philadelphia2400 block of N 7th StJuly 9, 2026

House report

2411 N 7th St

3 stories · 5,712 sqft · RM1 · built 2022

Investor / LLC · assessed $627K · sold 1×. On the 2400 block of N 7th St.

Street view of 2411 N 7th 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 $876/yr reflects a 10-year abatement. It steps up every year and reaches about $8,770/yr in 2037 — $7,894/yr more. Price the full bill, not the current one.

If you own it

Construction next door (2409 N 7th St, 2026)

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

Gd Ludlow LLC · corporate / LLC owner

• Owns 5 properties across Philadelphia under this name, assessed at $4.1M 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
$627K
built 2022
Price / sq ft
$110
block $105 · in line w/ block
Appreciation
+661%
+661%/yr, city 6.5%
In 5 years (~2031)
~$863K
+661%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$876
0.14% 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$1.0M2018: Land $35K2021: New Construction2022: New Construction 2022: New Construction 2022: Addition and/or Alteration 2022: New Construction or Additions 2022: New Construction2023: New Construction or Additions$627K201620222027
This houseBlock median & rangeLand buyPermit
The paper trail

Bought for $35K in 2018, built new under a 2021 permit (tax-abated).

  1. 2018 $35KLand buy
  2. 2021 New ConstructionPermit
  3. 2022 New ConstructionPermitNew ConstructionPermitAddition and/or AlterationPermitNew Construction or AdditionsPermitNew ConstructionPermit
  4. 2023 New Construction or AdditionsPermit

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 $876/yr under a 10-year tax abatement that steps down every year. In 2037 the bill reaches its full ~$8,770/yr — a step up of $7,894/yr, 10 assessment years out. Drag the slider.

2026: ~$1,152/yr2027: ~$876/yr2028: ~$1,665/yr (projected)2029: ~$2,455/yr (projected)2030: ~$3,244/yr (projected)2031: ~$4,034/yr (projected)2032: ~$4,823/yr (projected)2033: ~$5,612/yr (projected)2034: ~$6,402/yr (projected)2035: ~$7,191/yr (projected)2036: ~$7,981/yr (projected)2037: ~$8,770/yr (projected)2038: ~$8,770/yr (projected)202620372038
2027~$876/yrfrom the record

now: ($626,500 assessed − $563,920 abated) × 1.3998% ≈ $876/yr 2037: $626,500 assessed × 1.3998% ≈ $8,770/yr The abated slice shrinks ~10% a year (post-2022 program, started 2027) — 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
5,712 sqft
livable area
Lot
1,920 sqft
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
B
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 2411 N 7th 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.

$627K
20%
6.875%
$5K/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: 2409 N 7th St  ·  2413 N 7th 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)