A novel Co(Ⅱ) coordination polymer was hydrothermally synthesized and characterized. The crystal crystallizes in the monoclinic system, space group C c with a =1.772 59(4) nm, b = 1.150 00(10) nm , c =2.452 76(11) nm, β =92.723(3)°, V =4.994 3 nm 3, Z =4, R =0.080 9, wR =0.213 4. The polymer based on [Co(μ 4,4′ bipy)(4,4′ bipy) 2((H 2O) 2] n linear chains was cross linked by the H bond bridge of Co—OH 2…4,4′ bipy—Co and π π stacking interaction, producing extended 2D ladder structure. The susceptibility of the polymer at variable temperature(2 0300 K) shows a weak antiferromagnetic interaction and implies that the polymer has the tendency of spin transition. Also, the result of surface photovoltage spectroscopy(SPS) reveals that the polymer has a significant photo electronic transferring property in UV Vis regions, which correspond to π π transition, L M charge transfer transition(shoulder) and d d transition of Co 2+ ion, respectively.