2026 assessment
$697K
OPA value, not a listing price
Commercial property report
725 Chestnut St
3,700 sqftCMX5built 1900
Property at a glanceCommercial
725 Chestnut Street Devel
2027 published assessment
$708K
Future roll, not the current tax bill
Location
700 block of Chestnut St
ZIP 19106
Neighborhood area
Old City · Society Hill
Approximate · based on ZIP 19106
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 $707,500. It is not yet the billed-year tax basis.
- OPA assessment · 2018$540K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2019$567K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2020$618K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2021$618K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2022$618K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2023$674K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2024$674K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2025$697K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2026$697K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2027$708K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- Permit · 2016-04-20Major alterationA broad legacy permit work category for a substantial building alteration. It can include changed layouts, partitions, fixtures, finishes, structural work, or occupancy-related work, but only the approved scope and plans say what this permit actually authorized; separate trade permits may be required.What Philadelphia building permits can cover ↗
- Permit · 2016-05-04PlumbingThis permit category usually covers water, drainage, fixtures, or other plumbing work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2016-05-19SuppressionThis permit category usually covers fire-suppression systems or related life-safety work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2016-06-02MechanicalThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2016-08-29ElectricalThis permit category usually covers electrical installation, alteration, replacement, or repair. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
Property assessmentAssessmentPermit
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.
Every dated record5 events · exact dates, newest first
- PermitElectrical
- PermitMechanical
- PermitSuppression
- PermitPlumbing
- PermitMajor alteration
Verify the public record
Property tax
$3,868/year estimated property tax
2026 taxable assessment $276,354 × 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 $707,500. It is not the 2026 billed-year value.
Payments, credits, interest, and the current amount due are maintained by the City.
OPA 8885010002026 OPA taxes $276,354 of $697,100 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.”
Where the record looks off
Conflicts in City paperwork. Flags on the data, not the property.
"Built 1900" is usually a placeholder
Philadelphia records use 1900 as a stand-in when the real construction year was never documented. Treat the age as unknown, not as 120+ years.
Property report
Commercial property
Commercial, recorded in the City's commercial category. The public record and owner trail follow.
What it is
Commercial
Com Condo 1 Sty Masonry
Owner
725 Chestnut Street Devel
$ / sq ft
$191
above the $151 median for 7,668 commercial parcels citywide
Corridor
Market East
city commercial corridor
Interior area
3,700 sqft
Lot size
1 sqft
Built
1900
Zoning
CMX5
Recorded owner
Who's behind it
725 Chestnut Street Devel · corporate / LLC owner
• Tax bills mail to 1315 Walnut St, Philadelphia PA, 19107
Block context
700 block of Chestnut St. Compare parcels, ownership, and public-record history.
See the whole block →Next door: 725 Chestnut St · 725 Chestnut St
L&I licenses checked through Jul 24, 2026
No business or residential license records
No business license or residential registration matched this OPA parcel in the latest City data.
Open every source row 5 dated rows
- PermitElectrical
Permit 688931 · COMPLETED
INSTALLING TWO PANELS 200 AMP, 3 PHASE FROM EXISTING METER BANK. INSTALLING 30 LIGHTS, 22 OUTLETS, HVAC CIRCUIT, 10 SWITCHES PER 2008 NEC (MIXED USE)CC DISTRICT RELOCATING HORN STROBES TO SUITE NEW FLOOR LAYOUT, ADDING STROBES IN RESTROOMS PER NFPA 72
- PermitMechanical
Permit 693443 · COMPLETED
INSTALL ONE 10 TON YORK SPLIT HEAT PUMP SYSTEM COMPLETE WITH ALL DUCTWORK AND DIFFUSERS ON THE 1ST FLOOR OF AN EXISTING STRUCTURE.
- PermitSuppression
Permit 693574 · COMPLETED
RELOCATE 30 SRINKLER HEADS
- PermitPlumbing
Permit 689426 · COMPLETED
6 FIXTURES WITH PIPING TENANT FIT OUT (MIXED USE) THE INSTALLATION WILL COMPLY WITH THE PHILADELPHIA PLUMBING CODE 2004
- PermitMajor alteration
Permit 678079 · COMPLETED
ALTERATIONS TO THE 1ST FLOOR TENANT SPACE TO CONSTRUCT PARTITIONS FOR TWO NEW, UNISEX ACCESSIBLE TOILET ROOMS, A CHANGING ROOM, AND A MECHANICAL ROOM, AND FOR THE INSTALLATION OF A COMMUNICATING STAIR IN AN EXISTING OPENING BETWEEN THE 1ST FLOOR AND BASEMENT.
Where this comes from
- Assessment, spec sheet & owner: OPA Property Assessments, Office of Property Assessment
- Sales & deed history: Realty Transfer Tax records, Recorder of Deeds
- Permits, violations & inspections: L&I Property History · Atlas
- Tax delinquency snapshot · June 2022: Real Estate Tax Delinquencies, Dept. of Revenue
- Historical tax ledger & liens · through 2016: Real Estate Tax Balances, Dept. of Revenue
- Current property-tax balance: Verify with Philadelphia Revenue
- Zoning appeals: L&I & Zoning Board appeals
- Imagery: Street photo © Google · Aerial © Esri, Maxar
Methodology & freshness
This report was assembled Jul 25, 2026, 12:02 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)