Improved
Why it mattersBought for $40K in 2015. Owner pulled a use permit in 2019.
View supporting records →Multi-family report
515 E Chelten Ave
4 bd · 2 ba · 3 stories · 2,120 sqft · RSA3 · built 1905
Investor / LLC · assessed $409K · 3 licensed units · sold 2×. On the 500 block of E Chelten Ave.
Property summary
Assessment$409KCity assessed value
Last sale$120KRecorded 2018
Est. annual tax$6K/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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What stands out
From the public recordWhat 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 1905: 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.
3 units in RSA3, a single-family district
The building's use almost certainly predates today's code — a "legal nonconforming" use. That status survives a sale but can lapse if the use is abandoned or the building sits vacant; verify the registered use with L&I before pricing it as 3 rents.
If you’re the landlord
Lead certificate is not optional
Built 1905: 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
Fb Real Estate Group LLC · corporate / LLC owner
• Owns 10 properties across Philadelphia under this name, assessed at $1.7M combined
• Tax bills mail to 273 Montgomery Ave, Bala Cynwyd PA, 19004 — outside Philadelphia
• Holds an active rental license for this address
• The last transfer was a nominal/family deed, not an open-market sale
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
$409K
built 1905
Price / sq ft
$193
block $98 · above block
Appreciation
+204%
+11%/yr, city 6.5%
In 5 years (~2031)
~$411K
+11%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$6K
1.4% effective
Jun 2022 tax snapshot
—
Gross yield
4.1%
≈$1K/mo rent
Times sold
2
kept in the family
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeSaleL&I violationZoningPermit
The paper trail
ImprovedBought for $40K in 2015. Owner pulled a use permit in 2019.
- 2015 $40KSold
- 2016 $50KSold
- 2017 3 L&I violationsL&IInspection failed ×2L&I visit
- 2018 Appeal deniedZoning
- 2019 Appeal grantedZoningUsePermitInspection passedL&I visit
Flags: active rental license · 2 zoning/board appeals on record · long-held within one family. 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.
Bedrooms
4
Bathrooms
2
Stories
3
Interior
2,120 sqft
livable area
Lot
2,000 sqft
Basement
Full
city code D
Heat
Forced hot air
city code A
Central air
No
Exterior condition
New / rehabbed
city code 2
New / rehabbed
Interior condition
New / rehabbed
city code 2
New / rehabbed
Quality grade
C+
assessor's grade
ABCDE
Zoning
RSA3
city zoning code
Zoning appeals
2
granted 2019
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 515 E Chelten 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 3 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.
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, $2,100/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.
Block context
515 E Chelten Ave sits on the 500 block of E Chelten Ave. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 513 E Chelten Ave · 517 E Chelten Ave
Where this comes from
- Assessment, spec sheet & owner — OPA Property Assessments, Office of Property Assessment
- Sales & deed history — Realty Transfer Tax records, Recorder of Deeds
- Permits, violations & inspections — L&I Property History · Atlas
- Tax delinquency snapshot · June 2022 — Real Estate Tax Delinquencies, Dept. of Revenue
- Historical tax ledger & liens · through 2016 — Real Estate Tax Balances, Dept. of Revenue
- Current property-tax balance — Verify with Philadelphia Revenue
- Zoning appeals — L&I & Zoning Board appeals
- Neighborhood income & rents — US Census ACS 5-year estimates
- Historical mortgage rates — Freddie Mac Primary Mortgage Market Survey, annual averages
- Imagery — Street photo © Google · Aerial © Esri, Maxar
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)