Multi-family report

1242 N 15th St

4 bd3 stories2,500 sqftRM1built 2025

Property at a glanceMulti-family

Entity-held

2026 assessment
$628K OPA value, not a listing price
From above · selected parcel outlined; choose a neighboring polygon to open it — imagery © Esri, Maxar

Assessment and City record timeline

Published City assessments for this building against its block and ZIP. Dated City filings are marked on the same line. Select one to read it. Assessments are tax-roll values, not sale prices or appraisals.

$0$500K$1.0MZIP 19121 (Brewerytown · Sharswood) median$713K2009201220152018202120242027
Property assessmentBlock median & rangeZIP 19121 (Brewerytown · Sharswood) medianAssessmentL&I violationAppealPermitInspectionLicense

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 record38 events · exact dates, newest first
  1. LicenseMASTERS ASSOCIATES LLC: Rental landlord or residential registration initially issued
  2. PermitNew Construction
  3. PermitNew Construction
  4. InspectionL&I investigation
  5. PermitNew Construction
  6. PermitNew Construction or Additions
  7. PermitNew Construction or Additions
  8. PermitNew Construction or Additions
  9. L&I violationWORK NOT ACCORDING TO PLANS
  10. InspectionL&I investigation
  11. L&I violationWORKMANLIKE- BUILDING CODE
  12. InspectionL&I investigation
  13. PermitExcavation
  14. PermitNew Construction
  15. InspectionL&I investigation
  16. InspectionL&I investigation
  17. L&I violationEXTERIOR AREA WEEDS
  18. L&I violationRUBBISH & GARBAGE
  19. InspectionL&I investigation
  20. AppealZBA Permit Denial - Variance
  21. PermitNew construction, addition, GFA change
  22. PermitZoning/use
  23. L&I violationEXT A-VACANT LOT CLEAN/MAINTAI
  24. L&I violationCLIP VIOLATION NOTICE
  25. L&I violationEXT A-VACANT LOT CLEAN/MAINTAI
  26. L&I violationCLIP VIOLATION NOTICE
  27. AppealZoning board appeal
  28. L&I violationCLIP VIOLATION NOTICE
  29. L&I violationEXT A-VACANT LOT CLEAN/MAINTAI
  30. L&I violationCLIP VIOLATION NOTICE
  31. L&I violationEXT A-VACANT LOT CLEAN/MAINTAI
  32. L&I violationCLIP VIOLATION NOTICE
  33. L&I violationEXT A-VACANT LOT CLEAN/MAINTAI
  34. L&I violationCLIP VIOLATION NOTICE
  35. L&I violationEXT A-VACANT LOT CLEAN/MAINTAI
  36. InspectionCSUINITIAL
  37. L&I violationWALL CRACK/FRACT ID
  38. InspectionCSUINITIAL

Flags: material assessment exemption; legal basis and term unverified · active rental license · 2 zoning/board appeals on record. Informational only. Not investment advice or a consumer report (FCRA).

Verify the public record

$2,110/year estimated property tax

2026 taxable assessment $150,720 × 1.3998%. This is an estimate, not a bill or account balance. The City maintains payments, credits, interest, and the current amount due.

OPA has published a 2027 assessment of $712,500. It is not the 2026 billed-year value.

Current City balanceCheck Tax Center

Payments, credits, interest, and the current amount due are maintained by the City.

OPA 471189700
Open Philadelphia Tax Center →Use “View period balance” to inspect each tax year.
Exemption classificationPartial assessment exemption, basis unverified

2026 OPA taxes $150,720 of $628,000 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

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.”

The assessment exemption gap

OPA's 2026 roll shows a partial assessment exemption. The annual difference is measurable; the reason for it and what happens after a sale are not established here.

Using OPA's taxable amount ~$2,110/year

$150,720 taxable basis

Difference to verify+$6,681/year
If the full assessment were taxable ~$8,791/year

$628,000 scenario basis

The assessment roll does not identify
  • Legal basis or program
  • Approval or expiration date
  • Treatment after a sale
  • Current Tax Center balance
Show the assessment math 2026: ($628,000 assessed − $477,280 exempt) × 1.3998% ≈ $2,110/year Full-assessment scenario: $628,000 × 1.3998% ≈ $8,791/year

Do not treat the full-assessment scenario as inevitable or assume the current relief transfers. Obtain the approval history and verify the live Tax Center account before relying on either number.

The property, on paper

OPA physical field record.

Bedrooms
4
Stories
3
Interior
2,500 sqft livable area
Lot
1,002 sqft
Basement
Full, finished city code A
Heat
Forced hot air city code A
Central air
Yes
Garage
1 space
Exterior condition
Newer construction city code 1
Newer construction
Interior condition
Newer construction city code 1
Newer construction
Zoning
RM1 city zoning code
Zoning appeals
2 Completed · Granted with conditions · 2023

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

Recorded owner

Who's behind it

Masters Associates LLC · corporate / LLC owner

• Tax bills mail to 5 W 5th St, Bridgeport PA, 19405 — outside Philadelphia
• Holds an active rental license for this address

Block context

1200 block of N 15th St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 1240 N 15th St  ·  1238 N 15th St

Business licenses at this address Latest pull

What L&I has registered at this OPA parcel, newest initial license date first.

Open the City record ↗

No L&I business license is on record at this address in data through Jul 24, 2026.

Landlord and residential filings

These are property registrations or landlord filings, not businesses operating at this address.

MASTERS ASSOCIATES LLCActive

Rental · Initial issue date Dec 9, 2025 · Filed expiration Dec 8, 2026

A license is an L&I registration, not proof that a business is open, operating today, or located at this storefront. Dates are license dates. Events are deduped by parcel, business identity, and license type, so a renewal is not shown as another opening. Other permit and filing types remain in the full source ledger.

Open every source row 38 dated rows
  1. License issue eventMASTERS ASSOCIATES LLC: Rental landlord or residential registration initially issued

    License 0995221 · Active

    License event. Registration does not prove present operation or storefront occupancy.

  2. PermitNew Construction

    Permit EP-2024-002445 · Completed

    Electrical Permit for combo RP-2023-009757

  3. PermitNew Construction

    Permit MP-2024-001111 · Completed

    Mechanical / Fuel Gas Permit for combo RP-2023-009757

  4. InvestigationL&I investigation

    Case CF-2024-037667 · PASSED

    The cited inspection visit was marked passed.

  5. PermitNew Construction

    Permit FP-2024-001068 · Completed

    FOR THE INSTALLATION OF AN AUTOMATIC FIRE SUPPRESSION SYSTEM IN ACCORDANCE WITH NFPA 13D THROUGHOUT THREE STORY BUILDING TO INCLUDE 1-INCH COMBINED WATER SERVICE LINE AS PER APPROVED PLANS. ALL WORK SHALL BE DONE IN ACCORDANCE WITH APPROVED PLANS/HYDRAULIC CALCULATIONS. IF FIELD CONDITIONS VARY CONTACT DESIGN ENGINEER PRIOR TO THE START OF ANY WORK.

  6. PermitNew Construction or Additions

    Permit PP-2024-003412 · Completed

    Plumbing Permit (Interior) for combo RP-2023-009757

  7. PermitNew Construction or Additions

    Permit PP-2024-003410 · Completed

    Plumbing Permit (Water Distribution) for combo RP-2023-009757

  8. PermitNew Construction or Additions

    Permit PP-2024-003411 · Completed

    Plumbing Permit (Exterior Building Drainage) for combo RP-2023-009757

  9. ViolationWORK NOT ACCORDING TO PLANS

    Case CF-2024-037667 · Violation VI-2024-030573 · Code A-302.10/2 · COMPLIED

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

  10. InvestigationL&I investigation

    Case CF-2024-037667 · FAILED

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

  11. ViolationWORKMANLIKE- BUILDING CODE

    Case CF-2024-036902 · Violation VI-2024-030111 · Code A-104.1/1 · CLOSED

    Resolution: CLOSED - WRITTEN IN ERROR City marked the record closed; open the case for the closing reason.

  12. InvestigationL&I investigation

    Case CF-2024-036902 · PASSED

    The cited inspection visit was marked passed.

  13. PermitExcavation

    Permit SP-2024-000272 · Completed

    Site / Utility Permit for RP-2023-009757

  14. PermitNew Construction

    Permit RP-2023-009757 · Completed

    FOR THE ERECTION OF AN ATTACHED STRUCTURE WITH ROOF DECK AND ROOF DECK ACCESS STRUCTURE. FOR USE AS TWO (2) DWELLING UNITS (TWO-FAMILY HOUSEHOLD LIVING) BUILDING TO BE FULLY SPRINKLERED. SEPARATE PERMITS REQUIRED FOR MEP & FP WORK.

  15. InvestigationL&I investigation

    Case CF-2023-107749 · PASSED

    The cited inspection visit was marked passed.

  16. InvestigationL&I investigation

    Case CF-2023-107749 · FAILED

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

  17. ViolationEXTERIOR AREA WEEDS

    Case CF-2023-107749 · Violation VI-2023-080569 · Code PM15-302.4 · COMPLIED

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

  18. ViolationRUBBISH & GARBAGE

    Case CF-2023-107749 · Violation VI-2023-080570 · Code PM15-308.1 · COMPLIED

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

  19. InvestigationL&I investigation

    Case CF-2023-107749 · FAILED

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

  20. AppealZBA Permit Denial - Variance

    Appeal ZP-2022-010695 · Completed · Granted with conditions

    Related permit ZP-2022-010695 · PERMIT FOR THE ERECTION OF AN ATTACHED STRUCTURE WITH ROOF DECK AND ROOF DECK ACCESS STRUCTURE. FOR USE AS THREE (3) DWELLING UNITS (MULTI-FAMILY HOUSEHOLD LIVING) AND THE CREATION OF ONE (1) PARKING SPACE. SIZE AND LOCATION AS SHOWN IN PLA

  21. PermitNew construction, addition, GFA change

    Permit ZP-2022-010695 · Completed

    *AMENDMENT 1/10/24 TO CHANGE EGRESS WELL LOCATIONS, BAYS, PARKING LOCATION.* FOR THE ERECTION OF AN ATTACHED STRUCTURE WITH ROOF DECK AND ROOF DECK ACCESS STRUCTURE. SIZE AND LOCATION AS SHOWN IN PLAN.

  22. PermitZoning/use

    Permit 747733 · COMPLETED

    FOR THE ERECTION OF AN ATTACHED STRUCTURE HEIGHT 33.1 FT) WITH CELLAR, AND AN ACCESSORY ROOF DECK FOR RESIDENTIAL USE ONLY (GUARD RAILS 42" HIGH) WITH ROOF ACCESS PILOTHOUSE (PILOTHOUSE CONTAIN STAIRS AND LANDING ONLY; MAXIMUM HEIGHT 10 FT. ROOF DECK SET BACK AT LEAST FIVE FT FROM THE EXTREME FRONT BUILDING LINE). SIZE AND LOCATION AS SHOWN IN THE APPLICATION. USES - FOR VACANT COMMERCIAL SPACE ON FIRST FLOOR (MUST OCCUPY 100% OF THE GROUND FLOOR FRONTAGE WITH A MINIMUM DEPTH OF 30') (USES ONLY PERMITTED IN CMX-2 THAT NOT TO REQUIRE OFF STREET PARKING AS PER TABLE 14-802-2, USE REGISTRATION PERMIT IS REQUIRED PRIOR TO OCCUPANCY) AND HOUSEHOLD LIVING TWO (2) FAMILY DWELLING UNITS (ON 2ND AND 3RD FLOORS). NO SIGN ON THIS PERMIT

  23. ViolationEXT A-VACANT LOT CLEAN/MAINTAI

    Case 537079 · Violation 3961235 · Code PM-302.2/4 · COMPLIED

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

  24. ViolationCLIP VIOLATION NOTICE

    Case 537079 · Violation 3961234 · Code CP-01 · COMPLIED

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

  25. ViolationEXT A-VACANT LOT CLEAN/MAINTAI

    Case 487273 · Violation 3608934 · Code PM-302.2/4 · COMPLIED

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

  26. ViolationCLIP VIOLATION NOTICE

    Case 487273 · Violation 3608933 · Code CP-01 · COMPLIED

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

  27. AppealZoning board appeal

    Appeal 23776 · CLOSED · Withdrawn

    Related permit 544882 · PERMIT FOR FOR THE NEW CONSTRUCTION OF AN ATTACHED STRUCTURE WITH ROOF DECK ABOVE REAR THIRD FLOOR ROOF; SIZE AND LOCATION AS SHOWN IN THE SUBMITTED PLAN/APPLICATION; FOR USE AS ONE COMMERCIAL SPACE (USE REGISTRATION REQUIRED PRIOR TO OCCUP

  28. ViolationCLIP VIOLATION NOTICE

    Case 438374 · Violation 3225954 · Code CP-01 · COMPLIED

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

  29. ViolationEXT A-VACANT LOT CLEAN/MAINTAI

    Case 438374 · Violation 3225955 · Code PM-302.2/4 · COMPLIED

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

  30. ViolationCLIP VIOLATION NOTICE

    Case 398467 · Violation 2907034 · Code CP-01 · COMPLIED

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

  31. ViolationEXT A-VACANT LOT CLEAN/MAINTAI

    Case 398467 · Violation 2907035 · Code PM-302.2/4 · COMPLIED

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

  32. ViolationCLIP VIOLATION NOTICE

    Case 382591 · Violation 2806032 · Code CP-01 · COMPLIED

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

  33. ViolationEXT A-VACANT LOT CLEAN/MAINTAI

    Case 382591 · Violation 2806033 · Code PM-302.2/4 · COMPLIED

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

  34. ViolationCLIP VIOLATION NOTICE

    Case 320737 · Violation 2393465 · Code CP-01 · COMPLIED

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

  35. ViolationEXT A-VACANT LOT CLEAN/MAINTAI

    Case 320737 · Violation 2393466 · Code PM-302.2/4 · COMPLIED

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

  36. InvestigationCSUINITIAL

    Case 195048 · CLOSED

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

  37. ViolationWALL CRACK/FRACT ID

    Case 195048 · Violation 1283050 · Code PM-308.1/8 · COMPLIED

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

  38. InvestigationCSUINITIAL

    Case 195048 · FAILED

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

Where this comes from

Methodology & freshness

This report was assembled Jul 25, 2026, 4:50 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)