The Block Report

Mixed-use report

2423 E Allegheny Ave

2,649 sqft · CMX1 · built 1915

Investor / LLC · assessed $344K · 2 licensed units · sold 3×. On the 2400 block of E Allegheny Ave.

Property summary

Assessment$344KCity assessed value Last sale$375KRecorded 2025 Est. annual tax$5K/yearAssessment × 1.3998% Tax delinquency—Snapshot unavailable Permits1Dated events in report ViolationsNone openNone open when assembled

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

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Street view of 2423 E Allegheny Ave
From the street — imagery © Google
From above — imagery © Esri, Maxar

What stands out

From the public record
Finding

Renovated & sold on

Why it matters

Bought for $190K in 2006, use permit in 2012, sold for $375K in 2025 (+97%).

View supporting records →

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’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 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

3132 Richmond Lins LLC · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $500K combined
• Tax bills mail to 301 Borton Landing Rd, Moorestown NJ, 08057 — 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
$344K
built 1915
Price / sq ft
$130
block $159 · below block
Appreciation
+37%
+3%/yr, city 6.5%
In 5 years (~2031)
~$345K
+3%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$5K
1.4% effective
Jun 2022 tax snapshot
—
Gross yield
5.4%
≈$2K/mo rent
Times sold
3
licensed rental

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

$0$250K$500KBefore this chart — 2006: Sold $190K 2006: L&I: 1 failed, 1 passed 2011: 8 L&I violations 2011: L&I: 1 failed, 2 passed 2012: Use2016: Sold $180K2025: Sold $375K$344K201620222027
This houseBlock median & rangeSalePermit

The paper trail

Renovated & sold on

Bought for $190K in 2006, use permit in 2012, sold for $375K in 2025 (+97%).

  1. 2006 $190KSoldL&I: 1 failed, 1 passedL&I visit
  2. 2011 8 L&I violationsL&IL&I: 1 failed, 2 passedL&I visit
  3. 2012 UsePermit
  4. 2016 $180KSold
  5. 2025 $375KSold

Flags: active rental license. Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

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

Interior
2,649 sqft
livable area
Lot
1,320 sqft
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
Zoning
CMX1
city zoning code

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

Run the numbers

What owning 2423 E Allegheny 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 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.

$375K
20%
6.875%
$3K/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 from this parcel's record.

Block context

2423 E Allegheny Ave sits on the 2400 block of E Allegheny Ave. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 2421 E Allegheny Ave  ·  2425 E Allegheny Ave

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)