The Block Report

Multi-family report

2415 Nicholas St

4 bd · 2 ba · 3 stories · 1,428 sqft · RM1 · built 1915

Investor / LLC · assessed $198K (2026) · 2027 OPA assessment $288K · 2 licensed units · sold 2×. On the 2400 block of Nicholas St.

Property summary

Assessment$198,4002026 OPA assessment · 2027: $288,200 Last sale$320KRecorded 2025 Est. tax bill$2,777/year2026 taxable assessment × 1.3998% Tax delinquencyNo 2022 matchNot proof account is current Permits4Every fetched City permit Violations0 open13 historical across 5 cases

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

BlockReport AI · cited public records

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Street view of 2415 Nicholas 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$2,777/year

2026 taxable assessment $198,400 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $288,200; 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 291254000
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationNo exemption shown

2026 taxable assessment equals the full assessed value.

Historical delinquency sources Record found

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 $546.21 and a lien entry. It is shown as historical context only.

2016$546.21 total · $367.02 principal · $5.50 interest · $3.67 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

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

$546 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

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 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

Alion Investments LLC · corporate / LLC owner

• Owns 48 properties across Philadelphia under this name, assessed at $12M combined
• Tax bills mail to 1320 Katie Ln, North Wales PA, 19454 — outside Philadelphia
• Holds an active rental license for this address

PA corporate registry ↗OpenCorporates ↗City record ↗

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
$198,400
2026 billed-year assessment · 2027: $288,200 · built 1915
Price / sq ft
$202
block $132 · above block
Appreciation
+770%
+24%/yr, city 6.5%
In 5 years (~2031)
~$292K
+24%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$2,777
0.96% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
3.5%
≈$845/mo rent
Times sold
2
licensed rental

Assessment vs. the block · every dated City record marked on the line

$0$125K$250K2016 OPA assessment: $23K2017 OPA assessment: $23K2018 OPA assessment: $23K2019 OPA assessment: $31K2020 OPA assessment: $66K2021 OPA assessment: $66K2022 OPA assessment: $66K2023 OPA assessment: $106K2024 OPA assessment: $106K2025 OPA assessment: $198K2026 OPA assessment: $198K2007 — 2007-03-24: WALL PARTIALLY COLLAPSED ID · 2007-03-24: WALL BULGED ID · 2007-03-24: WALL CRACK/FRACT ID · 2007-03-24: ROOF DETERIORATED ID · 2007-03-24: CSUINITIAL2011 — 2011-06-08: ROOF PARTIALLY COLLAPSED · 2011-07-06: CSUINITIAL2012 — 2012-02-07: Major alteration · 2012-02-09: Plumbing · 2012-04-27: PERMIT (ELEC) REQ'D · 2012-04-27: SWO- CONSTR W/O BLDG PERMIT (Stop-work order for construction without a building permit) · 2012-04-27: PERMB- ALTER REPAIR INT PART (Building permit required for interior alteration or repair) · 2012-04-27: DEBRIS REMOVE - CONSTR · 2012-09-17: CLIP VIOLATION NOTICE · 2012-09-17: DUMPING - PRIVATE LOT · 2012-02-16: CSUINITIAL · 2012-07-10: BP_BLDG2015 — 2015-11-12: Major alteration · 2015-11-16: STOP WORK ORDER · 2015-11-16: PERMIT (ELEC) REQ'D · 2015-11-16: PRECOURT (likely: pre-court compliance inspection) · 2015-12-21: BP_BLDG2016 — 2016-10-03: PRECOURT (likely: pre-court compliance inspection)2017 — 2017-01-11: PRECOURT (likely: pre-court compliance inspection)2020 — Deed / sale $145K2025 — Deed / sale $320K · 2025-08-29: Change of Use · 2025-09-08: Rental$198K200720112015201920232026
This propertyBlock median & rangeDeed / saleL&I violationPermitInspectionLicense
2025-09-08: Rental
Highlight
Every dated record28 events · scroll to browse
  1. LicenseRental
  2. PermitChange of Use
  3. Deed / saleDeed / sale $320K
  4. Deed / saleDeed / sale $145K
  5. InspectionPRECOURT (likely: pre-court compliance inspection)
  6. InspectionPRECOURT (likely: pre-court compliance inspection)
  7. InspectionBP_BLDG
  8. L&I violationSTOP WORK ORDER
  9. L&I violationPERMIT (ELEC) REQ'D
  10. InspectionPRECOURT (likely: pre-court compliance inspection)
  11. PermitMajor alteration
  12. L&I violationCLIP VIOLATION NOTICE
  13. L&I violationDUMPING - PRIVATE LOT
  14. InspectionBP_BLDG
  15. L&I violationPERMIT (ELEC) REQ'D
  16. L&I violationSWO- CONSTR W/O BLDG PERMIT (Stop-work order for construction without a building permit)
  17. L&I violationPERMB- ALTER REPAIR INT PART (Building permit required for interior alteration or repair)
  18. L&I violationDEBRIS REMOVE - CONSTR
  19. InspectionCSUINITIAL
  20. PermitPlumbing
  21. PermitMajor alteration
  22. InspectionCSUINITIAL
  23. L&I violationROOF PARTIALLY COLLAPSED
  24. L&I violationWALL PARTIALLY COLLAPSED ID
  25. L&I violationWALL BULGED ID
  26. L&I violationWALL CRACK/FRACT ID
  27. L&I violationROOF DETERIORATED ID
  28. InspectionCSUINITIAL

The paper trail

Improved

Bought for $145K in 2020. Owner pulled a change of use permit in 2025.

  1. 2012 Major alterationPermitPlumbingPermit6 L&I violationsL&IL&I: 2 failed, 1 passedL&I visit
  2. 2015 2 L&I violationsL&IInspection failed ×2L&I visitMajor alterationPermit
  3. 2016 Inspection failed ×2L&I visit
  4. 2017 Inspection failedL&I visit
  5. 2020 $145KSold
  6. 2025 $320KSoldChange of UsePermit

Browse the source ledger

The chart above is the primary timeline. This drawer preserves every underlying dated row and its filed status for source-level review.

Open the City record ↗
Browse 27 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. LicenseRental

    License 0988264 · Active

    alion investments · Expires 2026-09-07

  2. PermitChange of Use

    Permit ZP-2025-008677 · Issued

    Residential - Household Living - Two-Family

  3. Recorded transfer$320K transfer

    2025

  4. Recorded transfer$145K transfer

    2020

  5. InvestigationPRECOURT (likely: pre-court compliance inspection)

    Case 510366 · FAILED

    A follow-up before or during enforcement escalation; confirm the case sequence in the City file. The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  6. InvestigationBP_BLDG

    Case 510366 · CLOSED

    City marked the record closed; open the case for the closing reason.

  7. ViolationSTOP WORK ORDER

    Case 510366 · Violation 4194555 · CLOSEDCASE

    City marked the case closed; that does not mean the original condition never existed.

  8. ViolationPERMIT (ELEC) REQ'D

    Case 510366 · Violation 4194556 · CLOSEDCASE

    City marked the case closed; that does not mean the original condition never existed.

  9. InvestigationPRECOURT (likely: pre-court compliance inspection)

    Case 325643 · CLOSED

    A follow-up before or during enforcement escalation; confirm the case sequence in the City file. City marked the record closed; open the case for the closing reason.

  10. PermitMajor alteration

    Permit 651376 · EXPIRED

    EZ INTERIOR ALTERATIONS. APPLICANT AGREES TO LIMIT THE CONSTRUCTION TO COMPLY WITH EZ PERMIT STANDARD FOR INTERIOR ALTERATIONS, DATED JANUARY 2011. DEVIATION FROM THE STANDARD WILL RESULT IN REVOCATION OF THIS PERMIT AND IMPOSITION OF FURTHER PENALTIES. LICENSED CONTRACTOR TO BE LISTED ON PERMIT. SEPARATE PERMITS REQUIRED FOR PLUMBING, ELECTRIC AND HVAC. CALL INSPECTOR AT DISTRICT OFFICE AT LEAST 24 HOURS PRIOR TO START

  11. InvestigationPRECOURT (likely: pre-court compliance inspection)

    Case 325643 · FAILED

    A follow-up before or during enforcement escalation; confirm the case sequence in the City file. The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  12. ViolationCLIP VIOLATION NOTICE

    Case 350701 · Violation 2578729 · CLOSEDCASE

    City marked the case closed; that does not mean the original condition never existed.

  13. ViolationDUMPING - PRIVATE LOT

    Case 350701 · Violation 2578730 · CLOSEDCASE

    City marked the case closed; that does not mean the original condition never existed.

  14. ViolationPERMIT (ELEC) REQ'D

    Case 325643 · Violation 3747503 · CLOSED

    City marked the record closed; open the case for the closing reason.

  15. ViolationSWO- CONSTR W/O BLDG PERMIT (Stop-work order for construction without a building permit)

    Case 325643 · Violation 3747502 · CLOSED

    City marked the record closed; open the case for the closing reason.

  16. ViolationPERMB- ALTER REPAIR INT PART (Building permit required for interior alteration or repair)

    Case 325643 · Violation 3747501 · CLOSED

    City marked the record closed; open the case for the closing reason.

  17. ViolationDEBRIS REMOVE - CONSTR

    Case 325643 · Violation 3747500 · CLOSED

    City marked the record closed; open the case for the closing reason.

  18. InvestigationCSUINITIAL

    Case 280961 · PASSED

    The cited inspection visit was marked passed.

  19. PermitPlumbing

    Permit 387413 · COMPLETED

    2FD-2WC,2BT,2 SINKS,2KS.PA1#20120290147

  20. PermitMajor alteration

    Permit 386992 · COMPLETED

    CORRECT VIOLATION 280961. REAR PARTIALLY COLLAPSED REAR WALL/STUCCO AND PARTIAL ROOF ONLY.

  21. InvestigationCSUINITIAL

    Case 280961 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  22. ViolationROOF PARTIALLY COLLAPSED

    Case 280961 · Violation 2133019 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  23. ViolationWALL PARTIALLY COLLAPSED ID

    Case 107227 · Violation 530720 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  24. ViolationWALL BULGED ID

    Case 107227 · Violation 530722 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  25. ViolationWALL CRACK/FRACT ID

    Case 107227 · Violation 530721 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  26. ViolationROOF DETERIORATED ID

    Case 107227 · Violation 530719 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  27. InvestigationCSUINITIAL

    Case 107227 · CLOSED

    City marked the record closed; open the case for the closing reason.

What this record suggests

The City file documents 4 permits touching electrical work, plumbing, roof work. 3 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.

Flags: active rental license · historical tax ledger through 2016 recorded $546 with a lien entry. Informational only — not investment advice or a consumer report (FCRA).

The property, on paper

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

Bedrooms
4
Bathrooms
2
Stories
3
Interior
1,428 sqft
livable area
Lot
784 sqft
Basement
Full, unfinished
city code C
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Above average
city code 3
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 2415 Nicholas 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 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.

$320K
20%
6.875%
$1K/mo

When this house last sold (2025) a 30-year mortgage ran about 6.6% — 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 use this parcel's taxable assessment, not a live Tax Center balance.

Block context

2415 Nicholas St sits on the 2400 block of Nicholas St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 2413 Nicholas St  ·  2417 Nicholas St

Where this comes from
Methodology & freshness

This report was assembled Jul 10, 2026, 1:58 AM 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. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “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)