The Block Report

Commercial property report

725 Chestnut St

3,700 sqft · CMX5 · built 1900

Commercial · 725 Chestnut Street Devel · assessed $697K (2026) · 2027 OPA assessment $708K. On the 700 block of Chestnut St.

Property summary

Assessment$697,1002026 OPA assessment · 2027: $707,500 Last sale$2.3MRecorded 2014 Est. tax bill$3,868/year2026 taxable assessment · full-value scenario $9,758/year · basis and term unverified Tax delinquency—Snapshot unavailable Permits5Dated events in report Violations0 openNo historical match in fetched records

“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 725 Chestnut 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$3,868/year

2026 taxable assessment $276,354 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $707,500; 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 888501000
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationPartial assessment exemption — basis unverified

2026 OPA taxes $276,354 of $697,100 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$9,758/year

Applying the same rate to the billed-year full assessment. OPA's numeric split does not say when or whether the current treatment changes.

See the assessment math →
Historical delinquency sources No current conclusion

The June 2022 delinquency snapshot was not verifiably available in this cached report. No conclusion about a match—or today’s balance—can be drawn from that absence.

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

"Built 1900" is usually a placeholder

Why it matters

Philadelphia records use 1900 as a stand-in when the real construction year was never documented. Treat the age as unknown, not as 120+ years.

View supporting records →
Commercial propertyProperty report

This is a commercial, recorded under the city's commercial category. The homeowner tools (rent estimate, homestead playbook) don't apply, so they're hidden. The full record and owner trail are below.

What it is
Commercial
Com Condo 1 Sty Masonry
Owner
725 Chestnut Street Devel
OPA tax treatment
Assessed $697K
Taxable assessment on the roll
$ / sq ft
$191
above the $130 median for 12,035 commercial parcels citywide
Corridor
Market East
city commercial corridor
Assessed value
$697,100
2026 OPA · 2027: $707,500
Interior area
3,700 sqft
Lot size
1 sqft
Built
1900
Zoning
CMX5

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.

"Built 1900" is usually a placeholder

Philadelphia records use 1900 as a stand-in when the real construction year was never documented. Treat the age as unknown, not as 120+ years.

Block context

725 Chestnut St sits on the 700 block of Chestnut St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 725 Chestnut St  ·  725 Chestnut St

Where this comes from
Methodology & freshness

This report was assembled Jul 9, 2026, 4:46 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. “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)