Multi-family report

5424 Market St

2 stories · 1,792 sqft · CMX2 · built 1925

Investor / LLC · assessed $140K (2026) · 2027 OPA assessment $159K · sold 3×. On the 5400 block of Market St.

Property summary

“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 5424 Market 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$1,957/year

2026 taxable assessment $139,800 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $158,500; 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 603003500
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 No current conclusion

This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.

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

Fetched L&I and zoning records

Every row successfully fetched for this report is counted below. Dataset availability and matching can differ from the City's interactive file; use the official link for current detail.

Open the City record ↗
Recorded owner
Sandalwood Properties LLC
Tax mailing address
4202 CHESTNUT ST, PHILADELPHIA PA, 19104
L&I district
CENTRAL WEST
Building ID (BIN)
OPA account
603003500
Permits0No match
Violation cases928 violation records · 1 open
Investigations169 failed · 7 passed · 0 closed
Building certifications0No match
Business licenses31 active
Appeals1OPEN · MOOT
PermitsPermit number, issued date, work and City status0

No permits matched this parcel in the fetched City dataset.

Violation cases28 individual violation records; resolved history remains visible9
Case 313892CLOSED

STANDARD · Opened Jan 27, 2012 · completed Mar 30, 2012

  • EXT A-CLEAN RUBBISH/GARBAGEViolation 2345774Jan 27, 2012 COMPLIED
Case 415725CLOSED

HAZARDOUS · Opened Jan 8, 2014 · completed Jan 23, 2014

  • UNFIT PROP STANDARDViolation 3054778Jan 7, 2014 COMPLIED
  • HEAT CONTINUOUS SUPPLY-RESViolation 3054779Jan 7, 2014 COMPLIED
Case 415728CLOSED

STANDARD · Opened Jan 8, 2014 · completed Feb 20, 2014

  • EXT A-CLEAN/EXTERMINATEViolation 3054817Jan 7, 2014 COMPLIED
  • LICENSE-RES MFDViolation 3054816Jan 7, 2014 COMPLIED
  • UTILITIES-RESTORE ELECTRIC-RESViolation 3054818Jan 7, 2014 COMPLIED
  • FIRE EXTING-INSTALL R2Violation 3054819Jan 8, 2014 COMPLIED
  • CO DETECTOR NEEDEDViolation 3054821Jan 8, 2014 COMPLIED
  • FIRE EXTING-NEEDS INSP/TAGViolation 3054820Jan 8, 2014 COMPLIED
  • INT S-CEILING REPAIR/MAINT SANViolation 3054822Jan 8, 2014 COMPLIED
Case 645396CLOSED

STANDARD · Opened Jul 23, 2018 · completed Oct 2, 2018

  • ELECTRICAL -HAZARDViolation 4749027Jul 20, 2018 COMPLIED
  • EXTERIOR STRUCT ROOF DRAINAGEViolation 4749025Jul 20, 2018 COMPLIED
  • INTERIOR SURFACESViolation 4749026Jul 20, 2018 COMPLIED
  • VACANT STRUCTURE LICENSEViolation 4749024Jul 20, 2018 COMPLIED
Case 647632CLOSED

STANDARD · Opened Aug 2, 2018 · completed Oct 2, 2018

  • ELECTRICAL -HAZARDViolation 4763603Aug 1, 2018 COMPLIED
  • EXTERIOR STRUCT ROOF DRAINAGEViolation 4763601Aug 1, 2018 COMPLIED
  • VACANT STRUCTURE LICENSEViolation 4763600Aug 1, 2018 COMPLIED
  • INTERIOR SURFACESViolation 4763602Aug 1, 2018 COMPLIED
Case CF-2026-009168CLOSED

NOTICE OF VIOLATION · Opened Feb 2, 2026 · completed Feb 3, 2026

  • MECHANICAL & ELECTRICAL- HEATING RESIDENTIALViolation VI-2026-005988Feb 2, 2026 CLOSED
  • MECHANICAL- HEATING RESIDENTIAL TEMPViolation VI-2026-005989Feb 2, 2026 CLOSED
Case CF-2026-009176CLOSED

NOTICE OF VIOLATION · Opened Feb 2, 2026 · completed Feb 3, 2026

  • MECHANICAL- MECHANICAL EQUIPMENTViolation VI-2026-005993Feb 2, 2026 CLOSED
Case CF-2026-009527UNDER INVESTIGATION

NOTICE OF VIOLATION · Opened Feb 3, 2026

  • FIRE ALARM/DETECTION SYSTEMS Violation VI-2026-006304Feb 3, 2026 OPEN
  • NEW USEViolation VI-2026-006157Feb 3, 2026 OPEN
  • NEW USE OCCUPIED PRIOR TO COViolation VI-2026-007673Feb 10, 2026 OPEN
Case CF-2026-009541IN VIOLATION

NOTICE OF VIOLATION · Opened Feb 3, 2026

  • FIRE EXTINGUISHERS Violation VI-2026-006298Feb 3, 2026 OPEN
  • MECHANICAL- MECHANICAL EQUIPMENTViolation VI-2026-006160Feb 3, 2026 OPEN
  • INSPECTION, TESTING & MAINTENANCE Violation VI-2026-006161Feb 3, 2026 OPEN
  • PERIODIC TESTING Violation VI-2026-006162Feb 3, 2026 OPEN
InvestigationsEvery inspector visit, including CLOSED outcomes16
HCEU INSPCase 313892

Jan 27, 2012 FAILED

HCEU INSPCase 313892

Mar 30, 2012 PASSED

HCEU INSPCase 415725

Jan 7, 2014 FAILED

HCEU INSPCase 415728

Jan 7, 2014 FAILED

HCEU INSPCase 415725

Jan 21, 2014 PASSED

HCEU INSPCase 415728

Feb 20, 2014 PASSED

HCEU INSPCase 645396

Jul 20, 2018 FAILED

HCEU INSPCase 647632

Aug 1, 2018 FAILED

HCEU INSPCase 645396

Oct 2, 2018 PASSED

HCEU INSPCase 647632

Oct 2, 2018 PASSED

L&I investigationCase CF-2026-009168

Feb 2, 2026 FAILED

L&I investigationCase CF-2026-009176

Feb 2, 2026 FAILED

L&I investigationCase CF-2026-009176

Feb 3, 2026 PASSED

L&I investigationCase CF-2026-009168

Feb 3, 2026 PASSED

L&I investigationCase CF-2026-009541

Feb 3, 2026 FAILED

L&I investigationCase CF-2026-009527

Feb 3, 2026 FAILED

Building certificationsInspection result and filed expiration date by L&I building ID0

No building certifications matched this parcel in the fetched City dataset.

Business licensesHistorical and active licenses are both retained3
RentalLicense 232577

EDGAR B OWENS

Revenue code 3202 · First issued Feb 2, 2004 Inactive Expiration Feb 28, 2005 Inactive Jan 30, 2006

RentalLicense 617913

JOSEPH & MARY BETH MARIANI

Revenue code 3202 · First issued Feb 12, 2014 Inactive Expiration Feb 28, 2015 Inactive Apr 29, 2015

RentalLicense 820160

SANDALWOOD PROPERTIES LLC

Revenue code 3202 · First issued Aug 6, 2019 Active Expiration Aug 5, 2027

AppealsApplication status and decision are separate City fields1
RB_LIRBAppeal 35180

Mar 19, 2019 OPEN MOOT Related permit 647632

PLEASE WAIVE THE VIOLATION BECAUSE I WILL FIX THE PROPERTY AFTER THE PEOPLE MOVE OUT.

City of Philadelphia OPA, L&I and Zoning Board records, shown as filed. A CLOSED investigation is an outcome label, not a missing visit; an appeal's application status and decision may differ.

Records to verify together

Rule-based groupings across this property's dated public records. Each flag shows the records that belong in the same verification step and where the inference stops.

Dated record flagRecords to verify together

More than one separately dated public record deserves a current-status check.

Evidence: 4 open L&I violations · failed L&I inspection activity in 2026

Limit: A screening signal, not a foreclosure prediction. Tax entries are historical and must be verified with Philadelphia Revenue.

Dated record flagAssessment/permit mismatch

The assessment jumped 176% in 2023, but no matching permit appears in the property timeline.

Evidence: assessment moved from $45,900 to $126,500 · no permit shown in 2022-2024

Limit: Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it.

Transparent record rules, not a score or forecast. Each flag is a prompt to verify the cited records, not a prediction or allegation.

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 1925: 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

4 open violations: the clock matters

Most L&I appeals must be filed within 30 days; unsafe or imminently dangerous orders can carry a shorter deadline. Unresolved notices can lead to fees, court enforcement, City abatement work, and liens. Read the dated notice and verify its current status with L&I.

If you’re the landlord

Lead certificate is not optional

Built 1925: 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

Sandalwood Properties LLC · corporate / LLC owner

• Owns 7 properties across Philadelphia under this name, assessed at $1.1M combined
• Tax bills mail to 4202 Chestnut St, Philadelphia PA, 19104
• Holds an active rental license for this address

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
$139,800
2026 billed-year assessment · 2027: $158,500 · built 1925
Price / sq ft
$88
block $102 · below block
Appreciation
+111%
+8%/yr, city 6.5%
In 5 years (~2031)
~$159K
+8%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$1,957
1.23% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
5.9%
≈$776/mo rent
Times sold
3
licensed rental

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

$0$100K$200KBefore this chart — 2005: Sold $25K 2006: Sold $60K 2012: L&I violation 2012: L&I: 1 failed, 1 passed 2014: 9 L&I violations 2014: L&I: 2 failed, 2 passed2018: Sold $67K 2018: 8 L&I violations 2018: L&I: 2 failed, 2 passed2019: Appeal moot2026: 10 L&I violations 2026: L&I: 4 failed, 2 passed$140K201620212026
This houseBlock median & rangeSaleL&I violationZoningPermit

The paper trail

Traded 3×: $25K in 2005 → $67K in 2018 (+168%).

  1. 2005 $25KSold
  2. 2006 $60KSold
  3. 2012 L&I violationL&IL&I: 1 failed, 1 passedL&I visit
  4. 2014 9 L&I violationsL&IL&I: 2 failed, 2 passedL&I visit
  5. 2018 $67KSold8 L&I violationsL&IL&I: 2 failed, 2 passedL&I visit
  6. 2019 Appeal mootZoning
  7. 2026 10 L&I violationsL&IL&I: 4 failed, 2 passedL&I visit

Flags: active rental license · 4 open L&I violations · 1 zoning/board appeal on record. 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.

Stories
2
Interior
1,792 sqft
livable area
Lot
1,128 sqft
Exterior condition
Below average
city code 5
Interior condition
Below average
city code 5
Quality grade
C
assessor's grade
Zoning
CMX2
city zoning code
Zoning appeals
1
OPEN · MOOT · 2019

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

Run the numbers

What owning 5424 Market 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 the area median. Assessed value is not an asking price — set the price slider to the real one.

$159K
20%
6.875%
$775/mo

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, $1,400/yr insurance, 1% of price/yr maintenance; taxes use this parcel's taxable assessment, not a live Tax Center balance.

Block context

5424 Market St sits on the 5400 block of Market St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 5422 Market St  ·  5426 Market St

Where this comes from

Methodology & freshness

This report was assembled Jul 10, 2026, 8:44 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)