House report

731 N 40th St

3 bd · 1 ba · 2 stories · 1,269 sqft · RSA5 · built 2009

Entity-held · assessed $226K (2026) · 2027 OPA assessment $224K · sold 1×. On the 700 block of N 40th St.

Street view of 731 N 40th St
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BlockReport AI · cited public records

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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$844/year

2026 taxable assessment $60,293 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $224,200; 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 243114215
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 $60,293 of $226,100 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$3,165/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

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

new construction appears in a 2007 permit with a reduced taxable assessment shown, followed by a recorded transfer of $835K in 2016.

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

Verify the current tax bill and exemption

The 2026 taxable assessment implies about $844/yr, while applying the same rate to the full assessment would imply about $3,165/yr — $2,321/yr more. OPA's assessment split does not establish the exemption program, expiration, or buyer eligibility. Verify the basis and live bill with OPA and Revenue.

Zoned RSA5: one household by right

Single-family rowhouse (the classic Philly row). Converting to a duplex or apartments needs a use variance the zoning board rarely grants — Pennsylvania courts require a physical hardship of the lot itself, and economics alone do not qualify.

If you’re the landlord

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

Union Hill Properties LP · corporate / LLC owner

• Owns 12 properties across Philadelphia under this name, assessed at $2.6M combined
• Tax bills mail to 402 Highgate Dr, Ambler PA, 19002 — outside Philadelphia
• Holds an active rental license for this address

Assessment and tax history

Every fetched annual City assessment for this house, 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
$226,100
2026 billed-year assessment · 2027: $224,200 · built 2009
Price / sq ft
$177
block $150 · above block
Assessment change
+102%
+7%/yr since 2016 · 2027 -1% vs 2026
Est. tax bill / yr
$844
0.37% effective, reduced taxable assessment
Jun 2022 tax snapshot
No match
not proof the account is current
Times sold
1
licensed rental

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

$0$250K$500KZIP 19104 median$224K2006201020142018202220262027
Property assessmentBlock median & rangeZIP 19104 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 record21 events · exact dates, newest first
  1. LicenseRental
  2. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  3. InspectionPRECOURT (likely: pre-court compliance inspection)
  4. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  5. L&I violationEXTERIOR AREA SANITATION
  6. L&I violationEXTERIOR AREA WEEDS
  7. L&I violationVACANT AND OPEN
  8. Deed / saleDeed / sale $835K
  9. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  10. L&I violationEXTERIOR AREA SANITATION
  11. L&I violationEXTERIOR AREA WEEDS
  12. L&I violationVACANT PROPERTIES-GENERAL
  13. L&I violationLARGE VACANT PROP-OPENINGS
  14. L&I violationVACANT STRUCTURE LICENSE
  15. PermitFast form building
  16. PermitPlumbing
  17. PermitElectrical
  18. PermitNew construction
  19. PermitZoning
  20. PermitZoning/use
  21. InspectionBC INSP (likely: building-code inspection)

The paper trail

new construction appears in a 2007 permit with a reduced taxable assessment shown, followed by a recorded transfer of $835K in 2016.

  1. 2007 Zoning/usePermitNew constructionPermit
  2. 2008 PlumbingPermitElectricalPermitPlumbingPermitFast form buildingPermit
  3. 2015 12 L&I violationsL&IL&I: 6 failed, 1 passedL&I visit
  4. 2016 3 L&I violationsL&IInspection failedL&I visit$835KTransfer
  5. 2017 Inspection passed ×3L&I visit

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 36 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. LicenseRental

    License 734834 · Active

    Union Hill Properties, LP · Expires 2027-05-14

  2. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 553836 · 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.

  3. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 534287 · 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.

  4. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 512120 · 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.

  5. InvestigationPRECOURT (likely: pre-court compliance inspection)

    Case 507481 · CLOSED

    A follow-up before or during enforcement escalation; confirm the case sequence in the City file. City marked the record closed; open the case for the closing reason.

  6. ViolationEXTERIOR AREA SANITATION

    Case 534287 · Violation 3943399 · Code PM15-302.1 · COMPLIED

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

  7. ViolationEXTERIOR AREA WEEDS

    Case 534287 · Violation 3943400 · Code PM15-302.4 · COMPLIED

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

  8. ViolationVACANT AND OPEN

    Case 534287 · Violation 3943398 · Code PM15-108.2 · COMPLIED

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

  9. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 534287 · 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.

  10. Recorded transfer$835K transfer

    2016

  11. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 507481 · 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.

  12. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 507480 · CLOSED

    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. City marked the record closed; open the case for the closing reason.

  13. ViolationEXTERIOR AREA SANITATION

    Case 512120 · Violation 3783829 · Code PM15-302.1 · COMPLIED

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

  14. ViolationVACANT PROPERTIES-GENERAL

    Case 512120 · Violation 3783831 · Code PM15-901.1 · COMPLIED

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

  15. ViolationEXTERIOR AREA WEEDS

    Case 512120 · Violation 3783830 · Code PM15-302.4 · COMPLIED

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

  16. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 512120 · 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.

  17. ViolationEXTERIOR AREA SANITATION

    Case 507915 · Violation 3751677 · Code PM15-302.1 · COMPLIED

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

  18. ViolationLARGE VACANT PROP-OPENINGS

    Case 507915 · Violation 3751689 · Code PM15-902.1 · COMPLIED

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

  19. ViolationVACANT PROPERTIES-GENERAL

    Case 507915 · Violation 3751679 · Code PM15-901.1 · COMPLIED

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

  20. ViolationEXTERIOR AREA WEEDS

    Case 507915 · Violation 3751678 · Code PM15-302.4 · COMPLIED

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

  21. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 507480 · 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.

  22. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 507915 · 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.

  23. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 507915 · 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.

  24. ViolationEXTERIOR AREA SANITATION

    Case 507480 · Violation 3751336 · Code PM15-302.1 · COMPLIED

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

  25. ViolationEXTERIOR AREA WEEDS

    Case 507480 · Violation 3751337 · Code PM15-302.4 · COMPLIED

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

  26. ViolationVACANT PROPERTIES-GENERAL

    Case 507480 · Violation 3751338 · Code PM15-901.1 · COMPLIED

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

  27. ViolationLARGE VACANT PROP-OPENINGS

    Case 507480 · Violation 3751339 · Code PM15-902.1 · COMPLIED

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

  28. ViolationVACANT STRUCTURE LICENSE

    Case 507481 · Violation 3995930 · Code 9-3905 · CLOSEDCASE

    City marked the case closed; that does not mean the original condition never existed.

  29. PermitFast form building

    Permit 192050 · COMPLETED

  30. PermitPlumbing

    Permit 191192 · COMPLETED

    INSTALL NEW LATERAL

  31. PermitElectrical

    Permit 160588 · COMPLETED

    INSTALLATION OF A 200AMP SERVICE, BRANCH CIRCUIT WIRING AND COMMUNICATION POINTS AS PER 2005 NEC (WEST DISTRICT)

  32. PermitPlumbing

    Permit 158226 · COMPLETED

    INSTALL NEW PLUMBING SYSTEM

  33. PermitNew construction

    Permit 112862 · COMPLETED

    THE ERECTION OF A 3 BEDROOM, SEMI DETACHED, SINGLE FAMILY HOME NOT TO EXCEED 35'HIGH (UNIT TYPE "A").

  34. PermitZoning

    Permit 22567 · COMPLETED

    RELOCATION OF LOT LINES TO CREATE 4 LOTS FROM 5 LOTS, ERECT NEW S.F.D. ON EACH LOT.

  35. PermitZoning/use

    Permit 50851 · COMPLETED

    ERECT NEW S.F.D. ON EACH LOT.

  36. InvestigationBC INSP (likely: building-code inspection)

    Case 96152 · CLOSED

    Legacy inspection shorthand; confirm the inspection type and scope in the City case file. City marked the record closed; open the case for the closing reason.

What this record suggests

The City file documents 7 permits touching electrical work, plumbing. 7 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.

Flags: material assessment exemption — legal basis and term unverified · active rental license. Informational only — not investment advice or a consumer report (FCRA).

The assessment exemption gap

OPA's 2026 taxable assessment implies about $844/year. Applying the same 1.3998% rate to the full assessed value would imply ~$3,165/year$2,321/year more. That is a scenario, not a forecast: the assessment split alone does not identify the exemption program, approval date, expiration, transfer treatment, or live Tax Center balance.

2016: ~$1,557/yr2017: ~$245/yr2018: ~$245/yr2019: ~$288/yr2020: ~$299/yr2021: ~$299/yr2022: ~$299/yr2023: ~$629/yr2024: ~$629/yr2025: ~$633/yr2026: ~$844/yr20162026
2026~$844/yrestimated from assessment

2026: ($226,100 assessed − $165,806 exempt) × 1.3998% ≈ $844/yr full-assessment scenario: $226,100 × 1.3998% ≈ $3,165/yr The OPA amount does not prove a ten-year abatement or any other specific program. Obtain the approval history and verify the current Tax Center account; a buyer should not assume the seller's relief transfers or restarts.

The property, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Bedrooms
3
Bathrooms
1
Stories
2
Interior
1,269 sqft
livable area
Lot
2,255 sqft
Exterior condition
Average
city code 4
Interior condition
Above average
city code 3
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 731 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.

$224K
20%
6.875%
$1K/mo

When this house last sold (2016) a 30-year mortgage ran about 3.65% — 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 with an optional full-assessment stress test, 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

731 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: 729 N 40th St  ·  733 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)