The Block Report

Multi-family report

719 E Chelten Ave

3 stories · 2,887 sqft · CMX2 · built 1950

Investor / LLC · assessed $410K · sold 5×. On the 700 block of E Chelten Ave.

Property summary

Assessment$410KCity assessed value Last sale$300KRecorded 2025 Est. annual tax$0/yearTax-exempt assessment Tax delinquency—Snapshot unavailable Permits6Dated 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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Street view of 719 E Chelten Ave
From the street — imagery © Google
From above — imagery © Esri, Maxar

What stands out

From the public record
Finding

New construction

Why it matters

Bought for $30K in 2011, built new under a 2011 permit (tax-abated), sold for $300K in 2025.

View supporting records →

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 flagAssessment/permit mismatch

The assessment jumped 65% in 2023, but no matching permit appears in the property timeline.

Evidence: assessment moved from $170,500 to $280,500 · 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

The current tax estimate is temporary

The taxable assessment implies about $0/yr under a 10-year abatement. The estimate steps up every year and reaches about $5,742/yr in 2035 — $5,742/yr more. Underwrite the post-abatement estimate and verify the actual bill with Revenue.

Built 1950: 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

Why Not Prosper INC · corporate / LLC owner

• Owns 5 properties across Philadelphia under this name, assessed at $1.1M combined
• Tax bills mail to 717 E Chelten Ave, Philadelphia PA, 19144

PA corporate registry ↗OpenCorporates ↗City record ↗

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
$410K
built 1950
Price / sq ft
$142
block $91 · above block
Appreciation
+651%
+20%/yr, city 6.5%
In 5 years (~2031)
~$414K
+20%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$0
0% effective, abated
Jun 2022 tax snapshot
—
Gross yield
2.7%
≈$935/mo rent
Times sold
5

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

$0$250K$500KBefore this chart — 2011: Sold $30K 2011: Sold $30K 2011: Zoning/use 2011: Plumbing 2011: Electrical 2012: Major alteration 2012: Electrical 2013: Plumbing2016: Sold $400K2019: Appeal filed 2019: Sold $300K2025: Sold $300K$410K201620222027
This houseBlock median & rangeSalePermit

The paper trail

New construction

Bought for $30K in 2011, built new under a 2011 permit (tax-abated), sold for $300K in 2025.

  1. 2011 $30KSold$30KSoldZoning/usePermitPlumbingPermitElectricalPermit
  2. 2012 Major alterationPermitElectricalPermit
  3. 2013 PlumbingPermit
  4. 2016 $400KSold
  5. 2019 Appeal filedZoning$300KSold
  6. 2025 $300KSold

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’s taxable assessment implies about $0/yr under a 10-year tax abatement that steps down every year. In 2035 the assessment-based estimate reaches ~$5,742/yr — a step up of $5,742/yr, 8 assessment years out. Drag the slider.

2016: ~$764/yr2017: ~$764/yr2018: ~$764/yr2019: ~$2,354/yr2020: ~$2,387/yr2021: ~$2,387/yr2022: ~$2,387/yr2023: ~$3,926/yr2024: ~$3,926/yr2025: ~$0/yr2026: ~$0/yr2027: ~$0/yr2028: ~$718/yr (projected)2029: ~$1,436/yr (projected)2030: ~$2,153/yr (projected)2031: ~$2,871/yr (projected)2032: ~$3,589/yr (projected)2033: ~$4,307/yr (projected)2034: ~$5,024/yr (projected)2035: ~$5,742/yr (projected)2036: ~$5,742/yr (projected)201620352036
2027~$0/yrestimated from assessment

now: ($410,200 assessed − $410,200 abated) × 1.3998% ≈ $0/yr 2035: $410,200 assessed × 1.3998% ≈ $5,742/yr The abated slice shrinks ~10% a year (post-2022 program, started 2025) — 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.

Stories
3
Interior
2,887 sqft
livable area
Lot
4,192 sqft
Basement
Full
city code D
Heat
Hot water / radiators
city code B
Central air
No
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
C
assessor's grade
Zoning
CMX2
city zoning code
Zoning appeals
1
on record

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

Run the numbers

What owning 719 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 the area median. Assessed value is not an asking price — set the price slider to the real one.

$300K
20%
6.875%
$925/mo

When this house last sold (2025) a 30-year mortgage ran about 6.6% — 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).

Block context

719 E Chelten Ave sits on the 700 block of E Chelten Ave. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 717 E Chelten Ave  ·  721 E Chelten Ave

Where this comes from
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)