The Block Report

House report

741 N 40th St

4 bd · 2 ba · 3 stories · 1,542 sqft · RM1 · built 2009

Owner-occupied · assessed $232K · sold 1×. On the 700 block of N 40th St.

Property summary

Assessment$232KCity assessed value Last sale$125KRecorded 2009 Est. annual tax$2K/yearAssessment × 1.3998% Tax delinquency$18City snapshot · Jun 2022 Permits7Dated events in report ViolationsNone openNone open when assembled

“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 741 N 40th St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Verify the current balance before relying on it.

$18 was recorded for this parcel in Philadelphia's June 2022 delinquency snapshot. That amount may have been paid, reduced, or increased since; it is not a current payoff figure.

Verify current balance with Philadelphia Revenue →

What stands out

From the public record

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 last transfer was not a sale

The most recent recorded deed moved for nominal consideration. That is where tangled-title problems live — budget a real title search. (Occupants untangling an inherited deed can get help from the city's Tangled Title Fund.)

If you own it

$18 in the June 2022 delinquency snapshot

The City recorded this amount in June 2022. It may since have been paid, reduced, or increased; verify the current balance directly with Philadelphia Revenue.

Construction next door (740 N 40th St, 2024)

Excavation deeper than 5 feet, or within 10 feet of an adjacent structure, legally requires the developer to survey neighboring homes first and give owners 10 days' written notice. Insist on the pre-construction survey — it is your evidence if cracks appear.

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.

The investment read

How this house 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
$232K
built 2009
Price / sq ft
$150
block $150 · in line w/ block
Appreciation
+87%
+6%/yr, city 6.5%
In 5 years (~2031)
~$232K
+6%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$2K
0.8% effective
Jun 2022 tax snapshot
$18
delinquency recorded then · verify current
Gross yield
6.7%
≈$1K/mo rent
Times sold
1

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

$0$250K$500KBefore this chart — 2007: Zoning 2007: Zoning/use 2007: New construction 2008: Plumbing 2008: Fast form building 2008: Electrical 2009: Sold $125K2019: Electrical$232K201620222027
This houseBlock median & rangePermit

The paper trail

New construction

built new under a 2007 permit, sold for $125K in 2009.

  1. 2007 ZoningPermitZoning/usePermitNew constructionPermit
  2. 2008 PlumbingPermitFast form buildingPermitElectricalPermit
  3. 2009 $125KSold
  4. 2019 ElectricalPermit

Flags: $18 recorded in the June 2022 delinquency snapshot — verify current balance. 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.

Bedrooms
4
Bathrooms
2
Stories
3
Interior
1,542 sqft
livable area
Lot
1,975 sqft
Central air
Yes
Exterior condition
Average
city code 4
Interior condition
Above average
city code 3
Quality grade
C+
assessor's grade
Zoning
RM1
city zoning code

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

Run the numbers

What owning 741 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.

$232K
20%
6.875%
$1K/mo
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

741 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: 739 N 40th St  ·  743 N 40th St

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)