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Property Report

40 S 2ND ST

Philadelphia, PA 19106

96.6/100

This property at 40 S 2ND ST, Philadelphia, PA 19106 has no violations on record, 6 recorded ownership transfers. View the full property report for detailed violation history, ownership records, title risk analysis, and neighborhood safety data.

Property Details

Market Value$14,000,000
Year Built2023
Property TypeAPARTMENTS > 4 UNITS
Exterior Condition1
OwnerSecond and Trotter Owner Llc
NeighborhoodOld City

Grade Breakdown

Building SafetyA
Code ComplianceA
License StatusA
Complaint HistoryB
Property ConditionA

Property summary

40 S 2nd St is a 2023-built apartments > 4 units in the Old City section of 19106, last assessed at $14,000,000. Of recent vintage, the structure was built under modern Philadelphia building codes. The property has been transferred 6 times, most recently a nominal $1 transfer in 2024. No code violations are on record for this property. The property is owned by Second And Trotter Owner Llc.

Comparable properties on this block

AddressYearTypeValueGrade
28 S 2nd St1860Offices$2,384,100B
50 S 2nd St1900Multi Family$2,045,000B
35 S 2nd St1900Commercial$1,656,700C
52 S 2nd St1900Commercial$1,446,000C
9 S 2nd St1900Commercial$1,348,600F

Recent activity

  1. 2026-12-07License expired
  2. 2026-10-12License expired
  3. 2026-05-08Appeal decided
  4. 2026-01-23Complaint closed
  5. 2026-01-19Complaint filed — Work Underway In Violation Of Permit Requirements
  6. 2025-12-08License issued
  7. 2025-11-24Permit issued — Signs (Accessory / Non-Accessory)
  8. 2025-11-03License issued
  9. 2025-08-01Appeal filed
  10. 2025-04-27Permit issued — Alterations

Neighborhood context

ZIP 19106
$390,100median value
2.2%with open violations
6,867properties tracked

Other properties on this block

Same block — compare grades, violation counts, and owner patterns across neighboring properties.

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