Public Records
Edition
Philadelphia400 block of N Broad StJuly 9, 2026

House report

490 N Broad St

28,262 sqft · CMX5 · built 2019

Investor / LLC · assessed $12M. On the 400 block of N Broad St.

Street view of 490 N Broad 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 $34,224/yr reflects a 10-year abatement. It jumps to about $171,121/yr in 2031 — $136,897/yr more. Price the full bill, not the current one.

The last transfer was not a sale

The most recent recorded deed moved for nominal consideration, within one family. That is where tangled-title problems live — budget a real title search. (Occupants untangling an inherited deed can get help from the city's Tangled Title Fund.)

If you own it

3 open violations: the clock matters

L&I appeals must be filed within 30 days — just 6 days if a property is designated UNSAFE or IMMINENTLY DANGEROUS. Left unresolved, the city can do the work itself, bill the owner (routinely $50,000+ on a rowhouse), lien the property, and add court fines of $300+/day.

If you’re the landlord

No active rental license on file

If this property is rented, Philadelphia requires a Rental License (via eCLIPSE) — without it a landlord cannot legally collect rent or evict, and tenants can withhold. Licensing needs tax clearance and no open violations.

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

490 North Broad Associates LP · corporate / LLC owner

• The last transfer was a nominal/family deed, not an open-market sale

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
$12M
built 2019
Price / sq ft
$433
block $250 · above block
Appreciation
+1111%
+28%/yr, city 6.5%
In 5 years (~2031)
~$12M
+28%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$34K
0.28% effective, abated
Gross yield
Times sold
0
kept in the family

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

$0$25M$50M2019: 6 L&I violations2020: 3 L&I violations incl UNSAFE STRUCTURE2022: Addition and/or Alterations 2022: Signs (Accessory / Non-Accessory) 2022: Sign2023: Signs (Accessory / Non-Accessory) 2023: Sign 2023: 3 L&I violations incl UNSAFE STRUCTURE2024: Addition and/or Alteration 2024: Signs (Accessory / Non-Accessory) 2024: Sign2025: 3 L&I violations$12M201620222027
This houseBlock median & rangeL&I violationPermit
The paper trail

built new under a 2022 permit (tax-abated).

  1. 2019 6 L&I violationsL&I
  2. 2020 3 L&I violations incl UNSAFE STRUCTUREL&I
  3. 2022 Addition and/or AlterationsPermitSigns (Accessory / Non-Accessory)PermitSignPermit
  4. 2023 Signs (Accessory / Non-Accessory)PermitSignPermit3 L&I violations incl UNSAFE STRUCTUREL&I
  5. 2024 Addition and/or AlterationPermitSigns (Accessory / Non-Accessory)PermitSignPermit
  6. 2025 3 L&I violationsL&I

Flags: tax-abated — the bill lags real value · 3 open L&I violations · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $34,224/yr under a 10-year tax abatement. In 2031 the bill reaches its full ~$171,121/yr — a step up of $136,897/yr, 4 assessment years out. Drag the slider.

2017: ~$14,128/yr2018: ~$89,001/yr2021: ~$91,670/yr2022: ~$91,670/yr2023: ~$34,393/yr2024: ~$34,393/yr2025: ~$34,224/yr2026: ~$34,224/yr2027: ~$34,224/yr2028: ~$34,224/yr (projected)2029: ~$34,224/yr (projected)2030: ~$34,224/yr (projected)2031: ~$171,121/yr (projected)2032: ~$171,121/yr (projected)201720312032
2027~$34,224/yrfrom the record

now: ($12,224,700 assessed − $9,779,779 abated) × 1.3998% ≈ $34,224/yr 2031: $12,224,700 assessed × 1.3998% ≈ $171,121/yr Flat 100% exemption (pre-2022 program, started 2021), 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
28,262 sqft
livable area
Lot
7,986 sqft
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
A
assessor's grade
Zoning
CMX5
city zoning code

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

Run the numbers

What owning 490 N Broad 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.

$12M
20%
6.875%
$88K/mo
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: 460 N Broad St  ·  440 N Broad 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)