Public Records
Edition
Philadelphia4000 block of Chestnut StJuly 9, 2026

House report

4023-27 Chestnut St

53,340 sqft · CMX4 · built 1896

Owner-occupied · assessed $7.6M. On the 4000 block of Chestnut St.

Street view of 4023-27 Chestnut 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 $61,431/yr reflects a 10-year abatement. It jumps to about $106,577/yr by 2026 — $45,146/yr more. Price the full bill, not the current one.

Built 1896: 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

When the abatement ends, file for Homestead

An abated home cannot also take the Homestead Exemption. From 2026 it can — knocking about $1,400/yr off the full bill.

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.

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
$7.6M
built 1896
Price / sq ft
$143
block $168 · below block
Appreciation
+24%
+2%/yr, city 6.5%
In 5 years (~2031)
~$7.6M
+2%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$61K
0.81% effective, abated
Gross yield
Times sold
0

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

$0$5.0M$10MBefore this chart — 2011: L&I violation 2012: Appeal granted with conditions2016: Alteration2020: Interior Non-Load-Bearing Wall Demo.2024: Addition and/or Alterations 2024: Addition and/or Alteration 2024: Addition and/or Alteration 2024: L&I violation2026: Addition and/or Alteration 2026: Alterations 2026: Addition and/or Alterations$7.6M201620222027
This houseBlock median & rangeL&I violationPermit
The paper trail

built new under a 2016 permit (tax-abated).

  1. 2011 L&I violationL&I
  2. 2012 Appeal granted with conditionsZoning
  3. 2016 AlterationPermit
  4. 2020 Interior Non-Load-Bearing Wall Demo.Permit
  5. 2024 Addition and/or AlterationsPermitAddition and/or AlterationPermitAddition and/or AlterationPermitL&I violationL&I
  6. 2026 Addition and/or AlterationPermitAlterationsPermitAddition and/or AlterationsPermit

Flags: tax-abated — the bill lags real value · 1 zoning/board appeal on record. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $61,431/yr under a 10-year tax abatement. By 2026 the bill reaches its full ~$106,577/yr — a step up of $45,146/yr. Drag the slider.

2016: ~$43,433/yr2017: ~$43,433/yr2018: ~$50,033/yr2019: ~$50,033/yr2020: ~$50,394/yr2021: ~$50,394/yr2022: ~$50,394/yr2023: ~$61,431/yr2024: ~$61,431/yr2025: ~$61,431/yr2026: ~$61,431/yr2027: ~$61,431/yr201620262027
2027~$61,431/yrfrom the record

now: ($7,613,700 assessed − $3,225,144 abated) × 1.3998% ≈ $61,431/yr 2026: $7,613,700 assessed × 1.3998% ≈ $106,577/yr Flat 100% exemption (pre-2022 program, started 2016), then the cliff — 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.

Interior
53,340 sqft
livable area
Lot
13,400 sqft
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
B+
assessor's grade
Zoning
CMX4
city zoning code
Zoning appeals
1
granted with conditions 2012

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

Run the numbers

What owning 4023-27 Chestnut 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.

$7.6M
20%
6.875%
$55K/mo

When this house last sold (1988) a 30-year mortgage ran about 10.34% — 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).

Next door: 4017-21 Chestnut St  ·  4015 Chestnut 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)