Polyurethane (PU) elastomer has been widely used due to its excellent mechanics, acid and alkali resistance, abrasion resistance, and other properties. However, obtaining simultaneous mechanically strong, flame-retarded, transparent, and efficient self-heal ability of PU elastomer is of great challenge due to the structural design. Here, a phosphorus/nitrogen-containing Oxime chain extender (PSK-2) was introduced into the synthesis of PU elastomers to obtain a transparent, flame-retarded, self-healable, mechanically strong PU elastomers. The PU elastomers exhibited high tensile strength of ~23.3 MPa, breaking strain of ~1693%, good flame retardancy with high LOI of ~29.2%, and UL-94 V1 rating with the addition of 4.67 mmol (mass fraction 1.37 wt%) PSK2. Furthermore, the PUPSK2 elastomer material also had good healing ability up to 60% at room temperature and good transparency of 83.7% at 350-800 nm visible.