Property report

2048 Locust St

4 stories4,480 sqftRM1built 1800

Property at a glanceApartment building

Ik Acquisition Partners L

2026 assessment
$1.1M OPA value, not a listing price
2027 published assessment
$954K Future roll, not the current tax bill
Neighborhood area
Rittenhouse · Logan Square Approximate · based on ZIP 19103
From above · selected parcel outlined; choose a neighboring polygon to open it — imagery © Esri, Maxar

Assessment and City record timeline

The line tracks this property’s published City assessment. Markers show deeds, permits, inspections, licenses, violations, certifications, and appeals on their recorded dates. Select one to read the filing.

Assessments are tax-roll values, not sale prices or appraisals. OPA has published a 2027 assessment of $954,000. It is not yet the billed-year tax basis.

$0$1.0M$2.0M$954K2011201420172020202320262027
Property assessmentAssessmentDeed / saleL&I violationAppealPermitInspectionLicenseCertification

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 record33 events · exact dates, newest first
  1. LicenseIK ACQUISITION PARTNERS,LP: Rental landlord or residential registration marked inactive
  2. CertificationSprinkler Certification
  3. CertificationSprinkler Certification
  4. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  5. L&I violationEXTERIOR AREA SANITATION
  6. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  7. LicenseIK ACQUISITION PARTNERS,LP: Rental landlord or residential registration initially issued
  8. PermitElectrical
  9. PermitAdministrative
  10. InspectionBP_BLDG
  11. PermitMajor alteration
  12. PermitSuppression
  13. PermitPlumbing
  14. InspectionBP_BLDG
  15. L&I violationPERMB- STRUCTURAL REPAIR
  16. L&I violationPERMB- UNDERPIN FOUNDATION
  17. L&I violationCONTRACTOR LIC NEEDED
  18. L&I violationPERMB- WK DONE W/O NOTIFY INSP
  19. L&I violationARCHITECT/ENGINEER SERVICES
  20. L&I violationSWO- CONSTR W/O BLDG PERMIT (Stop-work order for construction without a building permit)
  21. L&I violationPENALTY- NO BLDG PERM INFO
  22. L&I violationPERMB- WK DONE W/O NOTIFY INSP
  23. L&I violationCOMPL CONCEAL- BLDG PERM WORK
  24. L&I violationCONTRACTOR LIC NEEDED
  25. L&I violationPERMB- UNDERPIN FOUNDATION
  26. InspectionBP_BLDG
  27. PermitMechanical
  28. PermitZoning admin review
  29. Deed / saleDeed / sale $900K
  30. PermitMajor alteration
  31. AppealBuilding standards appeal
  32. PermitZoning/use
  33. AppealZoning board appeal

Verify the public record

$15,394/year estimated property tax

2026 taxable assessment $1,099,700 × 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 $954,000. 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 881569635
Open Philadelphia Tax Center →Use “View period balance” to inspect each tax year.
Exemption classificationNo exemption shown

2026 taxable assessment equals the full assessed value.

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.”

Property report

Commercial property

Apartment building, recorded in the City's multi-family category. The public record and owner trail follow.

What it is
Apartment building Apts 5-50 Units Mas+Other
Owner
Ik Acquisition Partners L
$ / sq ft
$213 assessed value ÷ interior sqft
Corridor
Market West city commercial corridor
Interior area
4,480 sqft
Lot size
1,290 sqft
Stories
4
Built
1800
Zoning
RM1

Recorded owner

Who's behind it

Ik Acquisition Partners L · corporate / LLC owner

• Tax bills mail to 601 N 23rd St, Philadelphia PA, 19130

Block context

2000 block of Locust St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 2046 Locust St  ·  2050 Locust 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 23, 2026.

Landlord and residential filings

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

IK ACQUISITION PARTNERS,LPInactive

Rental · Initial issue date Mar 2, 2016 · Terminal license date Apr 30, 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 33 dated rows
  1. License terminal eventIK ACQUISITION PARTNERS,LP: Rental landlord or residential registration marked inactive

    License 693413 · Inactive

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

  2. CertificationSprinkler Certification

    Certification BC-2023-021776 · Certified

    Expires 2024-10-04

  3. CertificationSprinkler Certification

    Certification BC-2023-008439 · Certified

    Expires 2023-12-02

  4. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 526270 · 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.

  5. ViolationEXTERIOR AREA SANITATION

    Case 526270 · Violation 3886771 · Code PM15-302.1 · COMPLIED

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

  6. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 526270 · 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.

  7. License issue eventIK ACQUISITION PARTNERS,LP: Rental landlord or residential registration initially issued

    License 693413 · Inactive

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

  8. PermitElectrical

    Permit 507806 · COMPLETED

    INSTALL 400AMP SERVICE WITH 6 GANG METER SOCKET, RE WIRE APARTMENTS, 10 TELEPHONE LINES, 10 TV LINES AS PER 2008 NEC (CC DISTRICT) INSTALL FIRE ALARM SYSTEM AS PER NFPA72

  9. PermitAdministrative

    Permit 512071 · COMPLETED

    FOR THE AMMENDMENTS OF PREVIOUSLY APPROVED PERMIT #362602, ALTERATIONS TO INCLUDE THE CHANGE IN LAYOUT AS SHOWN PER APPROVED PLANS WITH THE REMOVAL OF HANDICAP LIFT AND FOR THE CREATION OF A BEDROOM ON THE BASEMENT FLOOR LEVEL. ALL WORK TO BE DONE PER APPROVED PLANS. BUILDING TO BE FULLY SPRINKLERED. SEPARATE PERMITS REQUIRED FOR MECHANICAL, ELECTRICAL, PLUMBING AND FIRE SUPRESSION WORK.

  10. InvestigationBP_BLDG

    Case 406181 · PASSED

    The cited inspection visit was marked passed.

  11. PermitMajor alteration

    Permit 500072 · COMPLETED

    FOR THE INSTALLATION OF UNDERPINNING UNDERNEATH EXISTING BASEMENT FOUNDATION TO INCLUDE FOUNDATION DRAINANGE AS PER ENGINEER'S PLANS AND UNDERPINNING SEQUENCE. SPECIAL INSPECTIONS FOR UNDERPINNING TO BE PROVIDED BY ENGINEER.

  12. PermitSuppression

    Permit 499941 · COMPLETED

    INSTALLATION OF NEW FIRE SPRINKLER SYSTEM NFPA 13, 2 " SERVICE - FDC TO BE FREESTANDING PER PHC APPROVAL.

  13. PermitPlumbing

    Permit 495465 · COMPLETED

    6 WC, 6 LAVS, 6 TUB/SHOWERS, 5 KITCHEN SINKS, 5 WASHERS (5 FAMILY)

  14. InvestigationBP_BLDG

    Case 406181 · PASSED

    The cited inspection visit was marked passed.

  15. ViolationPERMB- STRUCTURAL REPAIR

    Case 406181 · Violation 2973005 · Code A-301.1/38 · COMPLIED

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

  16. ViolationPERMB- UNDERPIN FOUNDATION

    Case 406181 · Violation 2973004 · Code A-301.1/37 · COMPLIED

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

  17. ViolationCONTRACTOR LIC NEEDED

    Case 406181 · Violation 2973003 · Code 9-1004.2/1 · COMPLIED

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

  18. ViolationPERMB- WK DONE W/O NOTIFY INSP

    Case 406181 · Violation 2973006 · Code A-302.11/1 · COMPLIED

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

  19. ViolationARCHITECT/ENGINEER SERVICES

    Case 406181 · Violation 2973007 · Code A-304.1/1 · COMPLIED

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

  20. ViolationSWO- CONSTR W/O BLDG PERMIT (Stop-work order for construction without a building permit)

    Case 406181 · Violation 2973008 · Code A-504.1/3 · COMPLIED

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

  21. ViolationPENALTY- NO BLDG PERM INFO

    Case 406181 · Violation 2973009 · Code A-901.13/1 · COMPLIED

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

  22. ViolationPERMB- WK DONE W/O NOTIFY INSP

    Case 495465 · Violation 2964543 · Code A-302.11/1 · COMPLIED

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

  23. ViolationCOMPL CONCEAL- BLDG PERM WORK

    Case 362602 · Violation 2970248 · Code A-402.1/1 · COMPLIED

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

  24. ViolationCONTRACTOR LIC NEEDED

    Case 362602 · Violation 2970246 · Code 9-1004.2/1 · COMPLIED

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

  25. ViolationPERMB- UNDERPIN FOUNDATION

    Case 362602 · Violation 2970247 · Code A-301.1/37 · COMPLIED

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

  26. InvestigationBP_BLDG

    Case 406181 · FAILED

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

  27. PermitMechanical

    Permit 490923 · COMPLETED

    INSTALL 5 GAS FIRED 95% WARM AIR /AC - HEATING UNITS IN EACH APARTMENT

  28. PermitZoning admin review

    Permit 474119 · COMPLETED

    APPLICATION FOR EXT OF TIME UNDER PA ACT #87 FOR PERMIT #367580 DATED 122811 UNTIL 070116

  29. Recorded transfer$900K transfer

    2013

  30. PermitMajor alteration

    Permit 362602 · COMPLETED

    ALTERATIONS TO A (5) FAMILY DWELLING AS PER PLANS. BUILDING SHALL BE INSTALLED WITH AN AUTOMATIC SPRINKLER SYSTEM. HANDICAP ACCESSIBLE LIFT TO BE INSTALLED IN ACCORDANCE WITH ICC ANSI.

  31. AppealBuilding standards appeal

    Appeal 17099 · CLOSED · APPROVED

    Related permit 362602 · ON 1/17/12 DEPARTMENT OF LICENSES AND INSPECTIONS ISSUED NOTICE OF REFUSAL FOR APPLICATION #362602.

  32. PermitZoning/use

    Permit 367580 · COMPLETED

    CONVERSION OF A 2 DWELLING UNIT BUILDING TO A 5 DWELLING UNIT BUILDING, NO CHANGE IN BUILDING FOOTPRINT

  33. AppealZoning board appeal

    Appeal 16501 · CLOSED · Granted

    Related permit 367580 · PERMIT FOR THE LEGALIZATION OF THE AS BUILT CONDITION OF AN EXISTING FOUR(4) STORY STRUCTURE, FOR PROPOSED USE AS A FIVE DWELLING UNITS.

Where this comes from

Methodology & freshness

This report was assembled Jul 23, 2026, 5:00 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)