Multi-family report

723 N 40th St

6 bd · 3 ba · 3 stories · 2,680 sqft · RSA5 · built 1915

Owner-occupancy signal · assessed $651K (2026) · 2027 OPA assessment $578K · sold 2×. On the 700 block of N 40th St in ZIP 19104.

Street view of 723 N 40th St
From the street — imagery © Google
From above · selected parcel outlined; choose a neighboring polygon to open it — imagery © Esri, Maxar
BlockReport AI · cited public records

Ask what this property record means.

Open the research chat with this property already in context. Curated questions are free.

Opens the research chat · 3 custom questions per browser

Property summary

“Open” reflects records available then historical records keep their source dates estimates are labeled

Question or correct this record

BlockReport can explain a discrepancy, but it cannot rewrite an official City record. Use the agency that owns the underlying fact:

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$9,115/year

2026 taxable assessment $651,200 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $577,700; 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 243113800
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
Finding

New construction

Record summary

$115K transfer recorded in 2020; new construction appears in a 2021 permit, followed by a recorded transfer of $578K in 2025.

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 1915: 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.

Multiple units and RSA5 zoning need reconciliation

The assessment or license record describes multiple units while the zoning district is generally single-family. That does not establish whether the use is lawful, nonconforming, abandoned, or incorrectly coded. Verify the registered use and Certificate of Occupancy with L&I before pricing multiple rents.

If you own it

$1,399/yr may be unclaimed

This home reads owner-occupied but shows no Homestead Exemption, which removes $100,000 from the taxable assessment (worth up to $1,399/yr). Applying through the City is free and takes minutes.

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.

Assessment and tax history

Every fetched annual City assessment for this building, compared with its block and ZIP. The figures show assessment change, the billed-year tax estimate, dated tax records, and recorded transfers. They do not estimate market appreciation or investment return.

Assessed value
$651,200
2026 billed-year assessment · 2027: $577,700 · built 1915
Price / sq ft
$216
block $150 · above block
Assessment change
+485%
+17%/yr since 2016 · 2027 -11% vs 2026
Est. tax bill / yr
$9,115
1.4% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Times sold
2

Assessment vs. the block and ZIP · every dated City record marked on the line

$0$500K$1.0MZIP 19104 (University City · West Powelton) median$578K2005200920132017202120252027
Property assessmentBlock median & rangeZIP 19104 (University City · West Powelton) medianAssessmentDeed / saleL&I violationPermitInspectionLicense

Scroll horizontally to move through the years. Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.

Highlight
Every dated record33 events · exact dates, newest first
  1. InspectionL&I investigation
  2. L&I violationEXTERIOR AREA SANITATION
  3. InspectionL&I investigation
  4. Deed / saleDeed / sale $578K
  5. PermitChange of Use
  6. PermitAlterations
  7. PermitNew Construction
  8. PermitAddition and/or Alteration
  9. PermitNew Construction
  10. PermitAddition and/or Alterations
  11. PermitAlterations
  12. PermitAddition and/or Alteration
  13. LicenseRental
  14. Deed / saleDeed / sale $115K
  15. InspectionCSUINITIAL
  16. L&I violationEXTERIOR STRUCT UNSAFE COND 8
  17. L&I violationUNSAFE STRUCTURE
  18. InspectionCSUINITIAL
  19. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  20. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  21. L&I violationDRAINAGE-DOWNSPOUT CONNECT
  22. L&I violationEXT S-ROOF REPAIR (Repair the exterior roof)
  23. L&I violationEXT S-WALLS REPAIR CRACKS
  24. L&I violationEXT S-WALLS REPAIR BULGING
  25. L&I violationINT A-EXTERMINATE, OWNER
  26. L&I violationINT A-RODENT BURROWS, ELIMINAT
  27. L&I violationEXT A-PATHWAYS CLEAR/MAINTAIN
  28. L&I violationDRAINAGE-DOWNSPOUT REPR/REPLC
  29. L&I violationEXT A-CLEAN RUBBISH/GARBAGE (Remove rubbish or garbage from the exterior area)
  30. L&I violationEXT A-CLEAN/EXTERMINATE (Clean the exterior area and address pests)
  31. L&I violationANNUAL CERT FIRE ALARM
  32. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  33. LicenseRental

The short read

$115K transfer recorded in 2020; new construction appears in a 2021 permit, followed by a recorded transfer of $578K in 2025.

A selected summary of the main sequence. The chart above and source ledger below contain every fetched dated row.

Browse the source ledger

The chart above is the primary timeline. This drawer preserves every underlying dated row and its filed status for source-level review.

Open the City record ↗
Browse 33 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. InvestigationL&I investigation

    Case CF-2026-050297 · PASSED

    The cited inspection visit was marked passed.

  2. ViolationEXTERIOR AREA SANITATION

    Case CF-2026-050297 · Violation VI-2026-030461 · Code PM15-302.1 · COMPLIED

    Resolution: COMPLIED - OWNER REPAIR City marked this violation complied with; check the resolution date and live case for what was accepted.

  3. InvestigationL&I investigation

    Case CF-2026-050297 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  4. Recorded transfer$578K transfer

    2025

  5. PermitChange of Use

    Permit ZP-2023-013731 · Issued

    Limited Lodging

  6. PermitAlterations

    Permit PP-2021-021212 · Expired

    For minor construction work at the subject property in accordance with all applicable provisions of the Philadelphia Code, all references codes and standards, and the attached EZ Standard, where included. Deviation from this standard shall result in permit revocation. A separate permit from the Philadelphia Department of Streets is required for any sidewalk and street closures. All means of pedestrian protection required at the site in accordance with the Philadelphia Building Code Chapter 33 shall be in place prior to start of work.

  7. PermitNew Construction

    Permit EP-2021-010323 · Expired

    Install 400 AMP Service to the property with 4 Electrical panels. Install 80 receptacles, 39 switches, 86 fixtures, 12 hardwired smoke detectors. Provide 3 A/C lines with Disconnects outdoor as per 2017 NEC

  8. PermitAddition and/or Alteration

    Permit EP-2021-010070 · Completed

    INSTALL A NEW FIRE ALARM SYSTEM THROUGHOUT THE THREE FAMILY DWELLING. ALL WORK IN ACCORDANCE WITH THE 2017 NEC & 2016 NFPA-72.

  9. PermitNew Construction

    Permit FP-2021-002476 · Expired

    FOR THE INSTALLATION OF A FIRE SUPPRESSION SYSTEM IN ACCORDANCE WITH NFPA 13R, WITH A TWO-INCH FIRE SERVICE LINE; FOR THE INSTALLATION OF A BACKFLOW PREVENTION ASSEMBLY, FOR MULTI-FAMILY DWELLING, AS PER APPROVED PLANS.

  10. PermitAddition and/or Alterations

    Permit MP-2021-006054 · Expired

    install self contain units-(3) 92% 40,000 Btu Gas Furnace (3) 2 ton AC On the ground In the back of the house (2) 2 ton COIL as per EZ standard-ROOF TOP UNITS ARE NO PART OF THIS PERMIT.

  11. PermitAlterations

    Permit PP-2021-006596 · Expired

    installation sewer, sanitary and water supply piping to fixtures: 3-toilet, 3-lav, 3-shower, 3-kitchen sink, 3-laundry, 3-w/h, BFP device-1

  12. PermitAddition and/or Alteration

    Permit CP-2021-000688 · Expired

    FOR LEVEL III ALTERATIONS WITH NO CHANGE IN OCCUPANCY FOR USE AS MULTI-FAMILY HOUSEHOLD LIVING (THREE DWELLING UNITS) PER APPROVED PLANS. BUILDING TO BE FULLY SPRINKLERED WITH NFPA 13R MINIMUM. SEPARATE PERMITS REQUIRED FOR MECHANICAL, ELECTRICAL, PLUMBING AND FIRE SUPRRESSION.

  13. LicenseRental

    License 850574 · Inactive

    723 N 40th LLC · Expires 2025-09-03 · Inactive 2025-11-01

  14. Recorded transfer$115K transfer

    2020

  15. InvestigationCSUINITIAL

    Case 552157 · PASSED

    The cited inspection visit was marked passed.

  16. ViolationEXTERIOR STRUCT UNSAFE COND 8

    Case 552157 · Violation 4061443 · Code PM15-304.1H · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  17. ViolationUNSAFE STRUCTURE

    Case 552157 · Violation 4061442 · Code PM15-108.1 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  18. InvestigationCSUINITIAL

    Case 552157 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  19. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 466443 · PASSED

    A legacy L&I inspection label. The unit inspected housing for property-maintenance, fire-prevention, and related code compliance; the separate status says how that visit ended. The cited inspection visit was marked passed.

  20. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 466443 · FAILED

    A legacy L&I inspection label. The unit inspected housing for property-maintenance, fire-prevention, and related code compliance; the separate status says how that visit ended. The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  21. ViolationDRAINAGE-DOWNSPOUT CONNECT

    Case 466443 · Violation 3482992 · Code PM-302.4/6 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  22. ViolationEXT S-ROOF REPAIR (Repair the exterior roof)

    Case 466443 · Violation 3482999 · Code PM-304.4/1 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  23. ViolationEXT S-WALLS REPAIR CRACKS

    Case 466443 · Violation 3482998 · Code PM-304.3/4 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  24. ViolationEXT S-WALLS REPAIR BULGING

    Case 466443 · Violation 3482997 · Code PM-304.3/3 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  25. ViolationINT A-EXTERMINATE, OWNER

    Case 466443 · Violation 3482996 · Code PM-303.5/3 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  26. ViolationINT A-RODENT BURROWS, ELIMINAT

    Case 466443 · Violation 3482995 · Code PM-303.4/1 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  27. ViolationEXT A-PATHWAYS CLEAR/MAINTAIN

    Case 466443 · Violation 3482994 · Code PM-302.5/1 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  28. ViolationDRAINAGE-DOWNSPOUT REPR/REPLC

    Case 466443 · Violation 3482993 · Code PM-302.4/7 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  29. ViolationEXT A-CLEAN RUBBISH/GARBAGE (Remove rubbish or garbage from the exterior area)

    Case 466443 · Violation 3482991 · Code PM-302.2/2 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  30. ViolationEXT A-CLEAN/EXTERMINATE (Clean the exterior area and address pests)

    Case 466443 · Violation 3482990 · Code PM-302.2/1 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  31. ViolationANNUAL CERT FIRE ALARM

    Case 466443 · Violation 3482989 · Code FC-915.1/3 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  32. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 466443 · FAILED

    A legacy L&I inspection label. The unit inspected housing for property-maintenance, fire-prevention, and related code compliance; the separate status says how that visit ended. The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  33. LicenseRental

    License 323838 · Closed

    HAMPTON DENTLEY (DENTLEY BRO. INC) · Expires 2021-02-28

What this record suggests

The City file documents 8 permits touching kitchen work, electrical work, plumbing, roof work. 2 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.

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.

Bedrooms
6
Bathrooms
3
Stories
3
Interior
2,680 sqft
livable area
Lot
1,785 sqft
Basement
Full
city code D
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Average
city code 4
Interior condition
New / rehabbed
city code 2
New / rehabbed
Quality grade
C+
assessor's grade
Zoning
RSA5
city zoning code

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

Run the numbers

What owning 723 N 40th 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.

$578K
20%
6.875%
$1K/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
Estimated cash needed
down + 4% planning allowance
Modeled cash flow
rent − shown costs · /mo
Modeled cap rate
modeled NOI ÷ price
Modeled cash-on-cash
modeled year-1 return

Scenario for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance, and buyer cash equal to the down payment plus 4%. Taxes use this parcel's taxable assessment, not a live Tax Center balance. Cash flow and returns exclude vacancy, management, utilities, HOA or condo fees, leasing costs, income tax, and unplanned capital work.

Block context

723 N 40th St sits on the 700 block of N 40th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 721 N 40th St  ·  725 N 40th St

Where this comes from

Methodology & freshness

This report was assembled Jul 10, 2026, 12:51 PM 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)