The Block Report

Multi-family report

865 N 40th St

4 stories12,860 sqftRM1built 2025

Property at a glanceMulti-family

Entity-held

2026 assessment
$197K 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$250K$500KZIP 19104 (University City · West Powelton) median$197K2015201720192021202320252027
Property assessmentBlock median & rangeZIP 19104 (University City · West Powelton) medianAssessmentAppealPermit

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 record11 events · exact dates, newest first
  1. AppealLIRB Violation Appeal
  2. PermitNew Construction
  3. PermitNew Construction
  4. PermitNew Construction or Additions
  5. PermitNew Construction
  6. PermitNew Construction or Additions
  7. PermitExcavation
  8. PermitNew Construction
  9. PermitNew construction, addition, GFA change
  10. PermitNew construction, addition, GFA change
  11. PermitCombined Lot Line Relocation and New Dev…

Flags: material assessment exemption; legal basis and term unverified · 1 zoning/board appeal on record. Informational only. Not investment advice or a consumer report (FCRA).

Verify the public record

$690/year estimated property tax

2026 taxable assessment $49,275 × 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 $197,100. 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 886000278
Open Philadelphia Tax Center →Use “View period balance” to inspect each tax year.
Exemption classificationPartial assessment exemption, basis unverified

2026 OPA taxes $49,275 of $197,100 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.”

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 ~$690/year

$49,275 taxable basis

Difference to verify+$2,069/year
If the full assessment were taxable ~$2,759/year

$197,100 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: ($197,100 assessed − $147,825 exempt) × 1.3998% ≈ $690/year Full-assessment scenario: $197,100 × 1.3998% ≈ $2,759/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.

Stories
4
Interior
12,860 sqft livable area
Lot
4,600 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
RM1 city zoning code
Zoning appeals
1 Closed · Complete · 2026

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

Recorded owner

Who's behind it

North 40th Street LP · corporate / LLC owner

• Owns 8 properties across Philadelphia under this name, assessed at $2.1M combined
• Tax bills mail to 631 N 39th Street, Philadelphia PA, 19104

PA corporate registry ↗OpenCorporates ↗City record ↗

Block context

800 block of N 40th St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 863 N 40th St  ·  861 N 40th 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.

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 11 dated rows
  1. AppealLIRB Violation Appeal

    Appeal HA-2025-002877 · Closed · Complete

    Disagree with Violation and/or action See attached

  2. PermitNew Construction

    Permit EP-2024-010297 · Completed

    Install all new wiring and devices throughout. Install new hardwired smoke/carbon alarms. Install new 1000 amp service including all wires, (10) panels & 10-gang meter socket in accordance with NEC 2017. Install new Fire Alarm System in accordance with 2016 NFPA 72.

  3. PermitNew Construction

    Permit MP-2024-005970 · Completed

    FOR THE INSTALLATION OF REGISTERS, DIFFUSERS, AND APPLIANCES WITH ASSOCIATED DUCTWORK. APPLIANCES TO BE INSTALLED IN ACCORDANCE WITH THE MANUFACTURER’S SPECIFICATIONS. ALL WORK TO BE DONE PER APPROVED PLANS. IF FIELD CONDITIONS VARY CONTACT DESIGN ENGINEER PRIOR TO THE START OF ANY WORK. SEPARATE PERMITS REQUIRED FOR ALL OTHER WORK.

  4. PermitNew Construction or Additions

    Permit PP-2025-002232 · Completed

    Utility tie in to the building Domestic 2" Copper / Storm 6" CIP / Sanitary 5" CIP

  5. PermitNew Construction

    Permit FP-2024-002336 · Completed

    FOR THE INSTALLATION OF AN AUTOMATIC FIRE SUPPRESSION SYSTEM IN ACCORDANCE WITH THE 2016 NFPA 13R THROUGHOUT A FOUR (4) STORY STRUCTURE TO INCLUDE A 2-INCH FIRE SERVICE LINE AND A 2-INCH DC WILKINS 950XLT2 BACKFLOW PREVETION ASSEMBLY. FOR TWO (2) CLASS ONE (1) MANUAL WET STANDPIPES AS PER APPROVED PLANS AND IN ACCORDANCE WITH THE NFPA 14. ALL WORK TO BE DONE AS PER APPROVED PLANS/HYDRAULIC CALCULATIONS. ALL WORK SHALL BE PERFORMED BY A FIRE SUPPRESSION CONTRACTOR LICENSED BY THE CITY OF PHILADELPHIA. IF FIELD CONDITIONS VARY CONTACT DESIGN ENGINEER PRIOR TO THE START OF ANY WORK.

  6. PermitNew Construction or Additions

    Permit PP-2024-013945 · Completed

    Installing 72 Fixtures NEW FIXTURES WITH PIPING 9 Hot Water Heaters, 9 Kitchen Sinks, ,9 Washers, 15 WATER CLOSETS, 15 LAVY SINKS, 15 Showers ALL WORK PERFORMED IN COMPLIANCE WITH 2018 PPC AND APPROVED PLANS.

  7. PermitExcavation

    Permit SP-2024-000475 · Completed

    Site / Utility Permit for CP-2024-000087 AMENDMENT APPROVED AS OF 09/20/2024: TO CHANGE THE FOUNDATION SYSTEM TO HELICAL PIER AND GRADE BEAM DESIGN, ADD SPECIAL INSPECTION ITEMS AND CHANGE IN SPECIAL INSPECTION AGENCY PER AMENDED DOCUMENTS.

  8. PermitNew Construction

    Permit CP-2024-000087 · Completed

    FOR THE ERECTION OF A FOUR (4) STORY ATTACHED VA BUILDING FOR THE USE AS R2 OCCUPANCY (9 DWELLING UNITS). BUILDING TO BE FULLY SPRINKLERED IN ACCORDANCE WITH NFPA 13R AND STANDPIPES TO BE PROVIDED IN THE EXIT STAIRWAYS PER NFPA 14. IF FIELD CONDITIONS VARY CONTACT DESIGN ENGINEER PRIOR TO THE START OF ANY WORK. ALL WORK TO BE DONE PER APPROVED PLANS. IF FIELD CONDITIONS VARY CONTACT DESIGN ENGINEER PRIOR TO THE START OF ANY WORK. **A COVERED WALKWAY OR SIDEWALK CLOSURE SHALL BE REQUIRED WITHIN THE BUILDING FACADE IN ACCORDANCE WITH SECTION 3306 OF THE 2018 IBC. SEPARATE BUILDING AND/OR STREETS DEPARTMENT PERMIT REQUIRED PRIOR TO THE START OF ANY WORK. AMENDMENT APPROVED AS OF 09/23/2024: TO CHANGE THE FOUNDATION SYSTEM TO HELICAL PIER AND GRADE BEAM DESIGN, CHANGE SPECIAL INSPECTION AGENCY AND INSTALL CANOPY AT FRONT ENTRY AS PER APPROVED PLANS.

  9. PermitNew construction, addition, GFA change

    Permit ZP-2023-007716 · Completed

    FOR THE ERECTION OF AN ATTACHED STRUCTURE (MAX. 45 FT. HIGH). SIZE AND LOCATION AS SHOWN IN THE APPLICATION / PLAN.

  10. PermitNew construction, addition, GFA change

    Permit ZP-2022-005045 · Issued

    For the erection of an attached structure (not to exceed 38'). Size and location per plans.

  11. PermitCombined Lot Line Relocation and New Dev…

    Permit ZP-2022-004418 · Issued

    For the relocation of lot lines to create one lot (Proposed Parcel C) from two existing lots (Deeded 865 and 867 N 40th St). Size and location per plans.

Where this comes from
Methodology & freshness

This report was assembled Jul 25, 2026, 2:18 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)