{"asOf":"2026-07-24T04:25:09.247Z","block":"3400-3499 WALLACE ST","blockUrl":"https://philadelphia.blockreport.homes/block/3400-3499-wallace-st","address":"3407 WALLACE ST","parcelNumber":"881808641","source":"https://property.phila.gov/?p=881808641","ownerType":"investor","kind":"apartments","isHouse":false,"home":false,"commercial":true,"residential":false,"taxExempt":false,"institutional":false,"buildingCode":"CA0","buildingCodeNew":"806","buildingClass":"APTS 5-50 UNITS MASONRY","buildingClassNew":"APARTMENTS - BLT AS RESID","useLabel":"Apartment building","owner":"YGM VENTURE LLC","coOwner":null,"marketValue":782800,"landAssessment":156500,"improvementAssessment":626300,"livableArea":5082,"yearBuilt":2013,"lastSale":{"price":995000,"date":"2025-04-07T04:00:00Z"},"openViolations":0,"violations":[{"number":"3170416","date":"2014-05-07","code":"A-104.1/1","title":"WORKMANLIKE- BUILDING CODE","status":"COMPLIED","resolutionDate":null,"resolution":null}],"violationCases":[{"number":"514823","type":null,"priority":null,"responsibility":null,"status":"CLOSED","createdDate":null,"completedDate":null,"violations":[{"number":"3170416","date":"2014-05-07","code":"A-104.1/1","title":"WORKMANLIKE- BUILDING CODE","status":"COMPLIED","resolutionDate":null,"resolution":null}]}],"violYears":[{"y":2014,"n":1,"worst":null}],"investigations":[{"caseNumber":"1486","date":"2002-08-17","type":"L_INITIAL","status":"CLOSED"}],"taxOwed":0,"taxSnapshot":{"available":true,"asOf":"2022-06","matched":false},"taxDelinquencySnapshotAsOf":"2022-06","taxDelinquencySnapshotAvailable":true,"lat":39.965418112980295,"lng":-75.192214195846,"geom":{"type":"Polygon","coordinates":[[[-75.192145642,39.965273245],[-75.192230672,39.965263292],[-75.192283725,39.965561867],[-75.192196198,39.96557133],[-75.192145642,39.965273245]]]},"liDistrict":"CENTRAL WEST","certifications":[],"cityRecordAvailability":{"violations":true,"investigations":true,"appeals":true,"certifications":true,"permits":true,"licenses":true},"zip":"19104","beds":null,"baths":null,"stories":3,"lotArea":2662,"zoning":"RSA5","grade":"B","basement":null,"heater":null,"centralAir":null,"extCond":"3","intCond":"3","garage":null,"homestead":false,"mail":"1352 BOBARN DR, PENN VALLEY PA, 19072","mailOut":true,"appeals":[],"taxYears":[],"taxNet":0,"taxLien":false,"taxLedgerThrough":2016,"taxLedgerAvailable":true,"timesSold":3,"abated":false,"assessmentExemption":false,"exemptionBasisVerified":false,"valueSeries":[{"y":2017,"v":525000,"taxable":27100,"land":27100,"improvement":497900,"taxableLand":27100,"taxableImprovement":0,"exemptLand":0,"exemptImprovement":497900},{"y":2018,"v":329200,"taxable":98760,"land":98760,"improvement":230440,"taxableLand":98760,"taxableImprovement":0,"exemptLand":0,"exemptImprovement":230440},{"y":2019,"v":339000,"taxable":101700,"land":101700,"improvement":237300,"taxableLand":101700,"taxableImprovement":0,"exemptLand":0,"exemptImprovement":237300},{"y":2020,"v":339800,"taxable":101940,"land":101940,"improvement":237860,"taxableLand":101940,"taxableImprovement":0,"exemptLand":0,"exemptImprovement":237860},{"y":2021,"v":339800,"taxable":101940,"land":101940,"improvement":237860,"taxableLand":101940,"taxableImprovement":0,"exemptLand":0,"exemptImprovement":237860},{"y":2022,"v":339800,"taxable":101940,"land":101940,"improvement":237860,"taxableLand":101940,"taxableImprovement":0,"exemptLand":0,"exemptImprovement":237860},{"y":2023,"v":356700,"taxable":35670,"land":35670,"improvement":321030,"taxableLand":35670,"taxableImprovement":0,"exemptLand":0,"exemptImprovement":321030},{"y":2024,"v":356700,"taxable":35670,"land":35670,"improvement":321030,"taxableLand":35670,"taxableImprovement":0,"exemptLand":0,"exemptImprovement":321030},{"y":2025,"v":356700,"taxable":356700,"land":53505,"improvement":303195,"taxableLand":53505,"taxableImprovement":303195,"exemptLand":0,"exemptImprovement":0},{"y":2026,"v":356700,"taxable":356700,"land":53505,"improvement":303195,"taxableLand":53505,"taxableImprovement":303195,"exemptLand":0,"exemptImprovement":0},{"y":2027,"v":782800,"taxable":782800,"land":156500,"improvement":626300,"taxableLand":156500,"taxableImprovement":626300,"exemptLand":0,"exemptImprovement":0}],"taxNow":4993,"familyHeld":false,"lastTransferNominal":false,"permits":[{"number":"506403","date":"2013-11-22","work":"Zoning/use","type":"ZP_ZON/USE","description":"ZONING/USE PERMIT","status":"COMPLETED","completedDate":"2013-11-22","scope":"FOR THE NEW CONSTRUCTION OF A (3) STORY, MULTI-FAMILY DWELLING (5 UNITS)"},{"number":"514823","date":"2014-03-27","work":"New construction","type":"BP_NEWCNST","description":"NEW CONSTRUCTION PERMIT","status":"COMPLETED","completedDate":"2014-09-05","scope":"FOR THE ERECTION OF AN ATTACHED FOUR-STORY STRUCTURE WITH CELLAR FOR USE AS A FIVE-FAMILY DWELLING. BUILDING TO BE FULLY SPRINKLERED. SEPARATE PERMITS REQUIRED FOR MECHANICAL, ELECTRICAL, PLUMBING AND FIRE SUPPRESSION SYSTEMS."},{"number":"529329","date":"2014-04-30","work":"Plumbing","type":"PP_PLUMBNG","description":"PLUMBING PERMIT","status":"COMPLETED","completedDate":"2014-08-29","scope":"ROUGH IN WATER & WASTE PIPING - 5-WC, 5-LAVS, 5-TUBS, 5-KS, 3-WASHER BOX & 1-WATER HEATER (MULTI UNITS)"},{"number":"542332","date":"2014-06-11","work":"Mechanical","type":"BP_MECH","description":"MECHANICAL PERMIT","status":"COMPLETED","completedDate":"2014-08-29","scope":"INSTALL 5 HVAC UNITS WITH DUCTWORK(5 FAMILY)"},{"number":"547237","date":"2014-07-03","work":"Plumbing","type":"PP_PLUMBNG","description":"PLUMBING PERMIT","status":"COMPLETED","completedDate":"2014-08-29","scope":"WATER SERVICE,LATERAL,CT,FAI PA20141122450 (MULTI FAMILY)\"SELF-CERTIFICATION'S ARE NO LONGER PERMITTED\" - \"ALL EXCAVATIONS AND PLUMBING TRENCHES IN EXCESS OF 5 FEET IN DEPTH MUST HAVE APPROVED SHORING IN PLACE AT THE TIME OF INSPECTION\""},{"number":"543838","date":"2014-08-04","work":"Suppression","type":"BP_FIRESUP","description":"SUPPRESSION PERMIT","status":"COMPLETED","completedDate":"2014-09-05","scope":"INSTALLATION OF FIRE SUPPRESSION SYSTEM IN ACCORDANCE WITH NFPA 13R IN NEW THREE (3) STORY MULTIFAMILY BUILDING TO INCLUDE NEW BACKFLOW PREVENTION SYSTEM WITH A 2\" SERVICE LINE AS PER PLANS."},{"number":"545830","date":"2014-08-07","work":"New Construction","type":"Electrical","description":"Electrical Permit","status":"Issued","completedDate":null,"scope":"ELECTRICAL CONSTRUCTION THROUGHOUT FOR A NEW (5)FAMILY DWELLING - FIRE ALARM AND ELECTRICAL WORK PER THE APPROVED PLANS, THE 2008 NEC AND THE NFPA 72 ELECTRICAL CONSTRUCTION THROUGHOUT FOR A NEW (5)FAMILY DWELLING - FIRE ALARM AND ELECTRICAL WORK PER THE APPROVED PLANS, THE 2008 NEC AND THE NFPA 72"}],"storyTag":"New construction","storyDelta":null,"timeline":[{"y":2010,"k":"land","p":24038.4},{"y":2013,"k":"land","p":44000},{"y":2013,"k":"permit","w":"Zoning/use"},{"y":2014,"k":"permit","w":"New construction"},{"y":2014,"k":"permit","w":"Plumbing"},{"y":2014,"k":"permit","w":"Mechanical"},{"y":2014,"k":"viol","w":"L&I violation"},{"y":2014,"k":"permit","w":"Plumbing"},{"y":2014,"k":"permit","w":"Suppression"},{"y":2014,"k":"permit","w":"New Construction"},{"y":2025,"k":"sale","p":995000}],"rented":true,"licenses":[{"number":"662475","type":"Rental","status":"Inactive","businessName":"3407 WALLACE LLC","legalName":"3407 WALLACE LLC","address":"3407 WALLACE ST","revenueCode":"3202","rentalCategory":"Residential Dwellings","units":5,"issuedDate":"2015-04-28","latestIssueDate":"2025-06-04","expirationDate":"2026-04-30","inactiveDate":"2026-06-29"},{"number":"0979417","type":"Rental","status":"Active","businessName":"YGM Venture LLC","legalName":"YGM Venture LLC ","address":"3407 WALLACE ST","revenueCode":"3202","rentalCategory":"Residential Dwellings","units":5,"issuedDate":"2025-05-20","latestIssueDate":"2026-05-14","expirationDate":"2027-05-19","inactiveDate":null}],"licenseActivity":[{"number":"0979417","type":"Rental","businessName":"YGM Venture LLC","legalName":"YGM Venture LLC ","issuedDate":"2025-05-20","latestIssueDate":"2026-05-14","closureDate":null,"expirationDate":"2027-05-19","inactiveDate":null,"status":"Active","statusLabel":"Active","active":true},{"number":"662475","type":"Rental","businessName":"3407 WALLACE LLC","legalName":"3407 WALLACE LLC","issuedDate":"2015-04-28","latestIssueDate":"2025-06-04","closureDate":"2026-06-29","expirationDate":"2026-04-30","inactiveDate":"2026-06-29","status":"Inactive","statusLabel":"Inactive","active":false}],"businessLicenseSourceDate":"2026-07-23","units":5,"signals":[{"kind":"permit-mismatch","level":"watch","title":"Assessment/permit mismatch","summary":"The assessment jumped 119% in 2027, but no matching permit appears in the property timeline.","evidence":["assessment moved from $356,700 to $782,800","no permit shown in 2026-2028"],"caveat":"Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it."}],"legalChecks":[{"id":"use-occupancy","level":"attention","title":"Zoning approval is not the occupancy file","finding":"Use permit #506403: COMPLETED.","why":"Philadelphia says a zoning approval or Property Sales Certification can identify a use without proving that it was established under the Building Code. A change of use, unit count, exits, or fire rating can require a Building Permit and Certificate of Occupancy.","action":"Verify the lawful use, unit count, associated construction permits, and Certificate of Occupancy with L&I.","url":"https://www.phila.gov/services/permits-violations-licenses/get-a-certificate/get-a-certificate-of-occupancy/"},{"id":"permit-status","level":"attention","title":"A permit row needs file-level verification","finding":"1 permit not marked completed: 545830 (Issued).","why":"Issued work is not the same as approved final work. L&I uses final inspections and required certifications to close construction permits; expired, withdrawn, and completed are different City statuses.","action":"Open the permit file and confirm final inspections, holds, and any resulting occupancy certificate.","url":"https://www.phila.gov/departments/department-of-licenses-and-inspections/inspections-by-permit-type/"},{"id":"rental-license","level":"verify","title":"A rental license does not transfer with the deed","finding":"1 active Rental License record matched.","why":"If dwelling space is rented, the buyer must obtain a new annual Rental License; the seller’s license is not transferable. New applications require proof of ownership and legal occupancy, tax compliance, no open L&I violations, and lead compliance where applicable.","action":"Plan the buyer’s replacement license before settlement.","url":"https://www.phila.gov/services/permits-violations-licenses/rent-or-sell-property/get-a-rental-license/"},{"id":"managing-agent","level":"verify","title":"Tax mail goes outside Philadelphia; owner residence still needs verification","finding":"OPA mails the property tax record outside Philadelphia (1352 BOBARN DR, PENN VALLEY PA, 19072).","why":"A tax mailing destination does not establish where the owner lives. If a rental owner lives outside Philadelphia, the City requires a managing agent with a Philadelphia mailing address; the owner remains legally responsible.","action":"Verify the buyer’s residence and, if the buyer will live outside Philadelphia, identify the Philadelphia managing agent on the new license application.","url":"https://www.phila.gov/services/permits-violations-licenses/rent-or-sell-property/get-a-rental-license/"},{"id":"building-certifications","level":"verify","title":"A fire-system permit exists, but no annual certification matched","finding":"3 fire/suppression-related permits matched; the fetched BIN certification feed returned no row.","why":"Installed systems in mixed-use and larger buildings generally require periodic certification, but applicability and limited-area exceptions vary. A missing BIN/address join is not proof of a compliance failure.","action":"Confirm what system was installed and whether a current annual certificate is required and filed.","url":"https://www.phila.gov/departments/department-of-licenses-and-inspections/inspections/maintenance-certifications/fire-protection-certifications/"},{"id":"commercial-trash","level":"verify","title":"A separate Commercial Trash account may apply","finding":"OPA classifies the parcel as apartments. BlockReport does not receive a current Commercial Trash account balance.","why":"Philadelphia charges qualifying small commercial, mixed-use, and multi-unit properties that use City collection; exemptions and private collection can change applicability. A use category alone does not prove a fee is due.","action":"Check the Commercial Trash account inside the date-effective Property Payoff.","url":"https://www.phila.gov/2026-06-09-pay-your-trash-fee-bill-by-june-30/"},{"id":"violations","level":"clear","title":"No open violation; closed history remains relevant","finding":"The fetched record shows 0 open and 1 historical violation across 1 case.","why":"A closed case is materially better than an open one, but it does not by itself prove that every altered use, unit, or concealed condition matches today’s approvals.","action":"Use the closed cases to target the inspection and occupancy-file review.","url":"https://www.phila.gov/departments/department-of-licenses-and-inspections/inspections/violation-and-order-types/"}],"closingChecks":[{"title":"Property Sales Certification","body":"The seller must obtain Philadelphia’s certificate showing the base zoning, last use in the zoning record, and open violations. The City warns that it does not prove Building Code occupancy or show zoning overlays.","action":"Obtain the fresh certificate and compare it with the CO, permits, and Atlas overlays.","url":"https://www.phila.gov/services/permits-violations-licenses/get-a-certificate/get-a-property-sales-certification/"},{"title":"Date-effective City Property Payoff","body":"The Tax Center Property Payoff covers Real Estate Tax, Commercial Trash, and L&I abatement-work invoices. Philadelphia says it does not include business-tax debts or liens, water and sewer charges, or fines for code violations.","action":"Request the City statement effective through settlement; read every period and invoice.","url":"https://www.phila.gov/guides/philadelphia-tax-center/what-to-do/"},{"title":"Professional title and water-lien searches","body":"OPA ownership, deed summaries, and a zero tax balance are not clear title. Mortgages, judgments, municipal claims, water liens, easements, heirs, and other encumbrances require separate searches.","action":"Use a Pennsylvania lawyer/title company and obtain owner’s title insurance; order the separate water search/payoff.","url":"https://www.phila.gov/2026-04-07-why-title-insurance-is-your-best-friend-when-buying-a-home-in-philadelphia/","secondaryUrl":"https://www.phila.gov/services/water-gas-utilities/pay-or-dispute-a-water-bill/resolve-water-liens-judgments/"}]}