Mixed-use property report

740 S 8th St

2,370 sqftCMX2built 1920

Property at a glanceApartment building

Olalere LLC

2026 assessment
$416K OPA value, not a listing price
2027 published assessment
$393K Future roll, not the current tax bill
Neighborhood area
Queen Village · East Passyunk Approximate · based on ZIP 19147
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 $393,400. It is not yet the billed-year tax basis.

$0$250K$500K$393K201420172020202320262027
Property assessmentAssessmentDeed / saleL&I violationAppealPermitInspection

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 record17 events · exact dates, newest first
  1. PermitAddition and/or Alteration
  2. PermitAddition and/or Alteration
  3. PermitChange of Use
  4. InspectionL&I investigation
  5. InspectionL&I investigation
  6. Deed / saleDeed / sale $200K
  7. InspectionL&I investigation
  8. PermitCommercial Make Safe Permit
  9. InspectionL&I investigation
  10. InspectionL&I investigation
  11. InspectionL&I investigation
  12. L&I violationUNSAFE STRUCTURE
  13. L&I violationEXTERIOR WALLS
  14. L&I violationARCHITECT/ENGINEER SERVICES
  15. L&I violationSTRUCTURAL REPAIR
  16. InspectionL&I investigation
  17. AppealZoning board appeal

Verify the public record

$5,823/year estimated property tax

2026 taxable assessment $416,000 × 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 $393,400. 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 871504470
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

Mixed-use property

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

What it is
Apartment building Str/Off+Apt 3 Sty Masonry
Owner
Olalere LLC
$ / sq ft
$166 assessed value ÷ interior sqft
Interior area
2,370 sqft
Lot size
1,224 sqft
Built
1920
Zoning
CMX2

Recorded owner

Who's behind it

Olalere LLC · corporate / LLC owner

• Owns 6 properties across Philadelphia under this name, assessed at $1.3M combined
• Tax bills mail to 12142 Aster Rd, Philadelphia PA, 19154

Block context

700 block of S 8th St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 742 S 8th St  ·  736-38 S 8th St

No business or residential license records

No business license or residential registration matched this OPA parcel in the latest City data.

Verify with the City ↗
Open every source row 17 dated rows
  1. PermitAddition and/or Alteration

    Permit EP-2025-008674 · Issued

    Install New 200 amp Service with 4-gang meter socket and grounding, 2 dwelling unit panels, 1 commercial office space panel and 1 house panel. Complete re-wire as per 2017 NEC.

  2. PermitAddition and/or Alteration

    Permit CP-2025-002512 · Issued

    FOR CHANGE OF OCCUPANCY AND LEVEL III ALTERATIONS TO INCLUDE NEW PARTITIONS, FIXTURES, FURNISHINGS, FINISHES AS PER APPROVED PLANS. SEPARATE PERMITS REQUIRED FOR MEP AND FIRE SUPPRESSION WORK. *2018 IEBC*

  3. PermitChange of Use

    Permit ZP-2025-004052 · Issued

    Residential - Household Living - Two-Family

  4. InvestigationL&I investigation

    Case CF-2024-013758 · PASSED

    The cited inspection visit was marked passed.

  5. InvestigationL&I investigation

    Case CF-2024-013758 · FAILED

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

  6. Recorded transfer$200K transfer

    2025

  7. InvestigationL&I investigation

    Case CF-2024-013758 · FAILED

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

  8. PermitCommercial Make Safe Permit

    Permit CP-2024-005397 · Completed

    MAKE SAFE PERMIT- TO MAKE SAFE AS PER SUBMITTED Engineer's report to resolve case #CF-2024-013758. Abutting sidewalk must be closed with fencing a minimum of 6' in height. Separate Streets Department permit required for sidewalk closure. A separate permit is required for any additional alterations that are not specifically addressed on case #CF-2024-013758. In accordance with Code Bulletin PM-1801, a PA professional engineer is required to monitor repairs made under this permit. The engineer must submit a sealed statement to the Department confirming that the structure is in sound condition at completion."

  9. InvestigationL&I investigation

    Case CF-2024-013758 · FAILED

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

  10. InvestigationL&I investigation

    Case CF-2024-013758 · FAILED

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

  11. InvestigationL&I investigation

    Case CF-2024-013758 · FAILED

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

  12. ViolationUNSAFE STRUCTURE

    Case CF-2024-013758 · Violation VI-2024-011322 · Code PM15-108.1 · COMPLIED

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

  13. ViolationEXTERIOR WALLS

    Case CF-2024-013758 · Violation VI-2024-011323 · Code PM15-304.1(G) · COMPLIED

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

  14. ViolationARCHITECT/ENGINEER SERVICES

    Case CF-2024-013758 · Violation VI-2024-011324 · Code A-304.1/1 · COMPLIED

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

  15. ViolationSTRUCTURAL REPAIR

    Case CF-2024-013758 · Violation VI-2024-011325 · Code A-301.1/38 · COMPLIED

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

  16. InvestigationL&I investigation

    Case CF-2024-013758 · FAILED

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

  17. AppealZoning board appeal

    Appeal 22746 · CLOSED · Dismissed

    Related permit 523347 · PERMIT FOR A TWO (2) FAMILY DWELLING IN AN EXISTING ATTACHED STRUCTURE.

Where this comes from

Methodology & freshness

This report was assembled Jul 26, 2026, 10:59 AM 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)