Public Records
Edition
Philadelphia100 block of N 2nd StJuly 9, 2026

House report

109-31 N 2nd St

6 stories · 152,715 sqft · CMX3 · built 2018

Investor / LLC · assessed $45M · sold 1×. On the 100 block of N 2nd St.

Street view of 109-31 N 2nd St
From the street — imagery © Google
From above — imagery © Esri, Maxar
The story of this houseAI · written from the public record

Reading this house's deeds, permits and assessments…

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 tax bill is temporary

Today's $62,592/yr reflects a 10-year abatement. It jumps to about $625,922/yr in 2029 — $563,330/yr more. Price the full bill, not the current one.

The last transfer was not a sale

The most recent recorded deed moved for nominal consideration, within one family. 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’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 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.

Who's behind it

Bit Investment Seventy-Eight LLC · corporate / LLC owner

• Holds an active rental license for this address
• The last transfer was a nominal/family deed, not an open-market sale

PA corporate registry ↗OpenCorporates ↗City record ↗

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 analyst below to dig into any number.

Assessed value
$45M
built 2018
Price / sq ft
$293
block $333 · below block
Appreciation
+813%
+22%/yr, city 6.5%
In 5 years (~2031)
~$45M
+22%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$63K
0.14% effective, abated
Gross yield
—
Times sold
1
kept in the family

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

$0$50M$100M2018: Appeal filed 2018: L&I violation 2018: Plumbing 2018: Administrative 2018: Mechanical 2018: Suppression2019: Suppression 2019: Administrative 2019: Administrative2023: Change of Use 2023: Appeal granted2026: L&I violation$45M201620222027
This houseBlock median & rangeL&I violationZoningPermit
The paper trailTorn down & rebuilt

demolished and rebuilt (2018).

  1. 2018 Appeal filedZoningL&I violationL&IPlumbingPermitAdministrativePermitMechanicalPermitSuppressionPermit
  2. 2019 SuppressionPermitAdministrativePermitAdministrativePermit
  3. 2023 Change of UsePermitAppeal grantedZoning
  4. 2026 L&I violationL&I

Flags: tax-abated — the bill lags real value · active rental license · 4 zoning/board appeals on record · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $62,592/yr under a 10-year tax abatement. In 2029 the bill reaches its full ~$625,922/yr — a step up of $563,330/yr, 2 assessment years out. Drag the slider.

2016: ~$68,590/yr2017: ~$68,590/yr2019: ~$69,962/yr2020: ~$70,662/yr2021: ~$70,662/yr2022: ~$70,662/yr2023: ~$70,690/yr2024: ~$70,690/yr2025: ~$70,690/yr2026: ~$70,690/yr2027: ~$62,592/yr2028: ~$62,592/yr (projected)2029: ~$625,922/yr (projected)2030: ~$625,922/yr (projected)201620292030
2027~$62,592/yrfrom the record

now: ($44,715,100 assessed − $40,243,604 abated) × 1.3998% ≈ $62,592/yr 2029: $44,715,100 assessed × 1.3998% ≈ $625,922/yr Flat 100% exemption (pre-2022 program, started 2019), then the cliff — reassessments move both lines. After expiry an owner-occupant can claim the Homestead Exemption (~$1,400/yr off); an abated home can't hold both.

The house, on paper

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

Stories
6
Interior
152,715 sqft
livable area
Lot
46,361 sqft
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
B
assessor's grade
Zoning
CMX3
city zoning code
Zoning appeals
4
granted 2023

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

Run the numbers

What owning 109-31 N 2nd St takes, at your price and your rate. Taxes are this house's actual bill from the city record; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.

$45M
20%
6.875%
$322K/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 (with the abatement toggle above).

Next door: 105 N 2nd St  ·  133-35 N 2nd St

Where this comes from

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. 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)