Multi-family report

742 S 2nd St

6 bd · 4 ba · 4 stories · 2,700 sqft · RM1 · built 2022

Absentee individual · assessed $1.2M (2026) · 2027 OPA assessment $1.2M · sold 3×. On the 700 block of S 2nd St.

Street view of 742 S 2nd St
From the street — imagery © Google
From above — imagery © Esri, Maxar
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$3,462/year

2026 taxable assessment $247,300 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $1,236,500; 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 023106800
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 $247,300 of $1,236,500 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$17,309/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

Torn down & rebuilt

Why it matters

demolished in 2021 and rebuilt (2021), then sold for $1.2M in 2023.

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 $3,462/yr, while applying the same rate to the full assessment would imply about $17,309/yr — $13,847/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.

If you’re the landlord

If it is rented, verify the Rental License

The fetched license records do not show an active Rental License. Ownership type or a tax mailing address does not prove that tenants occupy the property; if it is rented, verify the current license and legal occupancy in eCLIPSE.

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.

The investment read

How this building has moved and where it's pointed: every fetched annual City assessment, charted against its block and ZIP; appreciation includes the full-period compound rate and the latest year-over-year change. The 5-year figure simply extends that historical pace. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$1,236,500
2026 billed-year assessment · 2027: $1,236,500 · built 2022
Price / sq ft
$458
block $344 · above block
Appreciation
+296%
+13%/yr since 2016 · 2027 +0% vs 2026
In 5 years (~2032)
~$2.3M
+13%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$3,462
0.28% effective, reduced taxable assessment
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
1.6%
≈$2K/mo rent
Times sold
3

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

$0$1.0M$2.0MZIP 19147 median$1.2M201220152018202120242027
Property assessmentBlock median & rangeZIP 19147 medianAssessmentDeed / saleTeardownL&I violationAppealPermitInspection

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 record22 events · exact dates, newest first
  1. Deed / saleDeed / sale $1.2M
  2. PermitNew Construction
  3. PermitNew Construction or Additions
  4. PermitNew Construction
  5. AppealBBS Permit Denial
  6. InspectionL&I investigation
  7. PermitNew construction, addition, GFA change
  8. PermitMinor Demolition
  9. PermitFull Demolition
  10. L&I violationEXTERIOR LIMIT STATE
  11. L&I violationID STRUCTURE
  12. PermitAlterations
  13. TeardownDemolished
  14. InspectionL&I investigation
  15. InspectionCSUINITIAL
  16. InspectionCSUINITIAL
  17. L&I violationUNSAFE STRUCTURE
  18. L&I violationEXTERIOR STRUCT UNSAFE COND 7
  19. L&I violationARCHITECT/ENGINEER SERVICES
  20. L&I violationEXTERIOR STRUCT UNSAFE COND 8
  21. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  22. L&I violationEXT S-WALLS REPAIR/MAINTAIN

The paper trail

demolished in 2021 and rebuilt (2021), then sold for $1.2M in 2023.

  1. 2021 New construction, addition, GFA changePermitDemolishedTeardownL&I: 5 failed, 2 passedL&I visitAppeal approvedZoningNew ConstructionPermit
  2. 2022 New Construction or AdditionsPermitNew Construction or AdditionsPermitNew Construction or AdditionsPermitNew ConstructionPermitNew ConstructionPermitNew ConstructionPermit
  3. 2023 $1.2MSold

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 27 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. Recorded transfer$1.2M transfer

    2023

  2. PermitNew Construction

    Permit MP-2021-008017 · Completed

    Mechanical / Fuel Gas Permit for combo RP-2021-011379 EZ PERMIT DUCTWORK & WARM-AIR APPLIANCES For the installation of New Ductwork, Registers/Grilles/Diffusers, and Warm-Air Appliances as per attached standards. Deviations from these standards require submission of construction and site plans. Install 2 Ton AC with 40000 btu gas furnace 95% all the ductwork registers and t-stat/install 2.5 Ton AC with 60000 btu gas furnace all the ductwork registers and t-stat.

  3. PermitNew Construction

    Permit EP-2022-003783 · Completed

    Install 200A service cable with grounding, 3gang meter socket and wiring throughout for two family dwelling with receptacles, switches, light fixtures, smoke and carbon monoxide smoke detectors as per NEC 2014 code.

  4. PermitNew Construction

    Permit FP-2022-000624 · Completed

    FOR THE INSTALLATION OF A TWO-INCH FIRE SERVICE LINE, TWO-INCH BACKFLOW PREVENTER AND FIRE SPRINKLER SYSTEM PER APPROVED PLANS, HYDRAULIC CALCULATIONS AND NFPA 13R.

  5. PermitNew Construction or Additions

    Permit PP-2021-022578 · Completed

    Plumbing Permit (Exterior Building Drainage) for combo RP-2021-011379

  6. PermitNew Construction or Additions

    Permit PP-2021-022577 · Completed

    Plumbing Permit (Water Distribution) for combo RP-2021-011379

  7. PermitNew Construction or Additions

    Permit PP-2021-022579 · Completed

    Plumbing Permit (Interior) for combo RP-2021-011379

  8. PermitNew Construction

    Permit RP-2021-011379 · Completed

    ERECTION OF AN ATTACHED STRUCTURE FOR USE AS SINGLE FAMILY HOUSEHOLD LIVING. SHEETING AND SHORING AS PRESCRIBED IN GEO TECH REPORT. SEPARATE PERMITS REQUIRED FOR ELECTRICAL, MECHANICAL, PLUMBING AND SPRINKLER (13R) WORK. UNDERPINNING IS PART OF THIS PERMIT. ENERGY CODE COMPLIANCE IN ACCORDANCE WITH 2018 IECC. PRIOR TO ISSUANCE OF C.O SUBMITTAL OF AIR BARRIER CHECKLIST AND ENVELOPE TESTING CERTIFICATE IS REQUIRED. BOTH TO BE COMPLETED BY AN APPROVED PARTY. ADJACENT PROPERTY TUNNEL ALLEY MUST HAVE 2 HOUR RATING AS PART OF THE REAR YARD EGRESS. SEPERATE PERMIT REQUIRED IF ANY WORK IS PROPOSED.

  9. AppealBBS Permit Denial

    Appeal RP-2021-011379 · Completed · Approved

    New construction of a 4-story duplex with cellar, roof deck and pilot house

  10. InvestigationL&I investigation

    Case 701400 · PASSED

    The cited inspection visit was marked passed.

  11. InvestigationL&I investigation

    Case CF-2021-046370 · PASSED

    The cited inspection visit was marked passed.

  12. PermitNew construction, addition, GFA change

    Permit ZP-2021-004281 · Completed

    FOR THE COMPLETE DEMOLITION OF AN EXISTING STRUCTURE AND FOR THE ERECTION OF A NEW ATTACHED STRUCTURE WITH A ROOF DECK WITHOUT ROOF DECK ACCESS STRUCTURE. SIZE AND LOCATION AS SHOWN IN PLAN

  13. PermitMinor Demolition

    Permit DP-2021-001145 · Completed

    MAKE SAFE PERMIT TO ADDRESS IMMENIENTLY DANGEROUS L&I CASE CF-2021-046370; FOR THE COMPLETE DEMOLITION OF AN EXISTING ATTACHED THREE (3) STORY VACANT RESIDENTIAL STRUCTURE BY HAND DEMOLITION ONLY; ALL PERMITTED DEMOLITION ACTIVITY TO BE IN ACCORDANCE WITH APPROVED SITE SAFETY DEMOLITION PLAN & SUCH PLAN TO BE MAINTAINED ON SITE AT ALL TIMES IN ACCORDANCE WITH PHILADELPHIA ADMINISTRATIVE CODE; ANY DEVIATION WILL REQUIRE AN AMENDED BUILDING PERMIT; PEDESTRIAN PROTECTION TO BE IN PLACE PRIOR TO START OF WORK AND TO BE MAINTAINED DURING ALL DEMOLITION ACTIVITIES. * A COVERED WALKWAY OR SIDEWALK CLOSURE SHALL BE REQUIRED WITHIN 7.5 FEET OF BUILDING FACADES IN ACCORDANCE WITH SECTION 3306 OF THE IBC. SEPARATE BUILDING AND/OR STREETS DEPARTMENT PERMITS ARE REQUIRED. IF FIELD CONDITIONS VARY CONTACT DESIGN PROFESSIONAL PRIOR TO THE START OF ANY WORK. * NOTIFICATIONS TO ADJACENT PROPERTIES WAIVED AS PER ID CASE CF-2021-046370.

  14. PermitFull Demolition

    Permit ZP-2021-006502 · Issued

    vacant

  15. ViolationEXTERIOR LIMIT STATE

    Case CF-2021-046370 · Violation VI-2021-034113 · Code PM15-304.1(C) · COMPLIED

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

  16. ViolationEXTERIOR LIMIT STATE

    Case CF-2021-046370 · Violation VI-2021-034114 · Code PM15-304.1(C) · COMPLIED

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

  17. ViolationID STRUCTURE

    Case CF-2021-046370 · Violation VI-2021-034112 · Code PM15-110.1 · COMPLIED

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

  18. InvestigationL&I investigation

    Case CF-2021-046370 · FAILED

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

  19. InvestigationL&I investigation

    Case 701400 · FAILED

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

  20. PermitAlterations

    Permit PP-2021-003876 · Completed

    Seal Lateral.

  21. ViolationUNSAFE STRUCTURE

    Case 701400 · Violation 211968670 · Code PM15-108.1 · COMPLIED

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

  22. ViolationEXTERIOR STRUCT UNSAFE COND 7

    Case 701400 · Violation 211968671 · Code PM15-304.1G · COMPLIED

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

  23. ViolationARCHITECT/ENGINEER SERVICES

    Case 701400 · Violation 211968669 · Code A-304.1/1 · COMPLIED

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

  24. ViolationEXTERIOR STRUCT UNSAFE COND 8

    Case 701400 · Violation 211968672 · Code PM15-304.1H · COMPLIED

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

  25. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 335708 · 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.

  26. ViolationEXT S-WALLS REPAIR/MAINTAIN

    Case 335708 · Violation 2486827 · Code PM-304.3/1 · COMPLIED

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

  27. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 335708 · 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.

What this record suggests

The City file documents 11 permits touching electrical work, plumbing, roof work. 11 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.

Unavailable when this report assembled: certifications. Unavailable does not mean no record.

Flags: material assessment exemption — legal basis and term unverified · 1 zoning/board appeal on record. Informational only — not investment advice or a consumer report (FCRA).

The assessment exemption gap

OPA's 2026 taxable assessment implies about $3,462/year. Applying the same 1.3998% rate to the full assessed value would imply ~$17,309/year$13,847/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: ~$3,137/yr2017: ~$3,137/yr2018: ~$3,137/yr2019: ~$3,137/yr2020: ~$3,137/yr2021: ~$3,137/yr2022: ~$5,624/yr2023: ~$3,486/yr2024: ~$3,486/yr2025: ~$3,462/yr2026: ~$3,462/yr20162026
2026~$3,462/yrestimated from assessment

2026: ($1,236,500 assessed − $989,179 exempt) × 1.3998% ≈ $3,462/yr full-assessment scenario: $1,236,500 × 1.3998% ≈ $17,309/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
6
Bathrooms
4
Stories
4
Interior
2,700 sqft
livable area
Lot
900 sqft
Basement
Partial, finished
city code E
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
C+
assessor's grade
Zoning
RM1
city zoning code
Zoning appeals
1
Completed · Approved · 2021

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

Run the numbers

What owning 742 S 2nd 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.

$1.2M
20%
6.875%
$2K/mo

When this house last sold (2023) a 30-year mortgage ran about 6.81% — 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 use this parcel's taxable assessment with an optional full-assessment stress test, not a live Tax Center balance.

Block context

742 S 2nd St sits on the 700 block of S 2nd St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 740 S 2nd St  ·  744 S 2nd St

Where this comes from

Methodology & freshness

This report was assembled Jul 10, 2026, 5:27 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: unavailable. “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)