Public Records
Edition
Philadelphia900 block of N Delaware AveJuly 9, 2026

House report

940 N Delaware Ave

7 stories · 105,994 sqft · CMX3 · built 2025

Investor / LLC · assessed $26M. On the 900 block of N Delaware Ave.

Street view of 940 N Delaware Ave
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 $35,986/yr reflects a 10-year abatement. It steps up every year and reaches about $359,865/yr in 2035 — $323,879/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 own it

Construction next door (970 N Delaware Ave, 2025)

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.

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

Gy Poplar B Development LP · corporate / LLC owner

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

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
$26M
built 2025
Price / sq ft
$243
block $166 · above block
Appreciation
+915%
+59%/yr, city 6.5%
In 5 years (~2031)
~$26M
+59%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$36K
0.14% effective, abated
Gross yield
Times sold
0
kept in the family

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

$0$25M$50M2020: 3 L&I violations2021: Demolished2023: 6 L&I violations 2023: New Construction2024: Change of Use 2024: Sitework with Onsite Utility Services 2024: New Construction or Additions 2024: Signs (Accessory / Non-Accessory) 2024: Change of Use 2024: Sign2025: Change of Use2026: 2 L&I violations$26M201620222027
This houseBlock median & rangeTeardownL&I violationPermit
The paper trail

demolished in 2021 and rebuilt (2023).

  1. 2020 3 L&I violationsL&I
  2. 2021 DemolishedTeardown
  3. 2023 6 L&I violationsL&INew ConstructionPermit
  4. 2024 Change of UsePermitSitework with Onsite Utility ServicesPermitNew Construction or AdditionsPermitSigns (Accessory / Non-Accessory)PermitChange of UsePermitSignPermit
  5. 2025 Change of UsePermit
  6. 2026 2 L&I violationsL&I

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

The abatement clock

This house pays about $35,986/yr under a 10-year tax abatement that steps down every year. In 2035 the bill reaches its full ~$359,865/yr — a step up of $323,879/yr, 8 assessment years out. Drag the slider.

2022: ~$35,440/yr2023: ~$51,809/yr2024: ~$49,211/yr2025: ~$37,795/yr2026: ~$37,795/yr2027: ~$35,986/yr2028: ~$76,471/yr (projected)2029: ~$116,956/yr (projected)2030: ~$157,441/yr (projected)2031: ~$197,926/yr (projected)2032: ~$238,410/yr (projected)2033: ~$278,895/yr (projected)2034: ~$319,380/yr (projected)2035: ~$359,865/yr (projected)2036: ~$359,865/yr (projected)202220352036
2027~$35,986/yrfrom the record

now: ($25,708,300 assessed − $23,137,504 abated) × 1.3998% ≈ $35,986/yr 2035: $25,708,300 assessed × 1.3998% ≈ $359,865/yr The abated slice shrinks ~10% a year (post-2022 program, started 2025) — 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
7
Interior
105,994 sqft
livable area
Lot
32,219 sqft
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
A
assessor's grade
Zoning
CMX3
city zoning code

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

Run the numbers

What owning 940 N Delaware Ave 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.

$26M
20%
6.875%
$185K/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: 970 N Delaware Ave  ·  900 N Delaware Ave

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)