Multi-family report

611 S 56th St

1 story · 1,643 sqft · CMX2 · built 1925

Investor / LLC · assessed $208K · sold 2×. On the 600 block of S 56th St.

Street view of 611 S 56th St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record
Finding

Improved

Why it matters

Bought for $76K in 2009. Owner pulled a addition and/or alteration permit in 2025.

View supporting records →
Finding

Assessment and sale price disagree hard

Why it matters

Assessed at $208K, but it traded for $53,000 in 2023 — a 3.9× gap. Could be a non-market deed the record doesn't label, or an assessment that hasn't caught up.

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 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’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

611 S 56th Street LLC · corporate / LLC owner

• Tax bills mail to 1548 S Opal St, Philadelphia PA, 19146
• 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
$208K
built 1925
Price / sq ft
$126
block $87 · above block
Appreciation
+166%
+9%/yr, city 6.5%
In 5 years (~2031)
~$209K
+9%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$3K
1.4% effective
Gross yield
-3851709.2%
≈$-667M/mo rent
Times sold
2
kept in the family

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

$0$125K$250KBefore this chart — 2009: Sold $76K2023: 11 L&I violations incl UNSAFE STRUCTURE 2023: L&I: 6 failed, 1 passed 2023: Sold $53K2024: L&I: 4 failed, 1 passed 2024: Change of Use2025: Addition and/or Alteration 2025: Inspection failed ×2 2025: Addition and/or Alteration2026: Inspection passed$208K201620222027
This houseBlock median & rangeSalePermitInspection

The paper trail

Bought for $76K in 2009. Owner pulled a addition and/or alteration permit in 2025.

  1. 2009 $76KSold
  2. 2023 11 L&I violations incl UNSAFE STRUCTUREL&IL&I: 6 failed, 1 passedL&I visit$53KSold
  3. 2024 L&I: 4 failed, 1 passedL&I visitChange of UsePermit
  4. 2025 Addition and/or AlterationPermitInspection failed ×2L&I visitAddition and/or AlterationPermit
  5. 2026 Inspection passedL&I visit

Flags: 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.

Stories
1
Interior
1,643 sqft
livable area
Lot
1,246 sqft
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
Zoning
CMX2
city zoning code

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

Where the record looks off

Places where the city's own paperwork disagrees with itself. These are flags on the data — not problems with the property.

Assessment and sale price disagree hard

Assessed at $208K, but it traded for $53,000 in 2023 — a 3.9× gap. Could be a non-market deed the record doesn't label, or an assessment that hasn't caught up.

Run the numbers

What owning 611 S 56th 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.

$53K
20%
6.875%
$700/mo

When this house last sold (2023) a 30-year mortgage ran about 6.81% — 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

611 S 56th St sits on the 600 block of S 56th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 609 S 56th St  ·  613 S 56th St

Where this comes from

Methodology & freshness

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. Dossiers re-pull automatically — on view once they're a few weeks old, plus a nightly rolling sweep — 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)