1845 E Illini Street, Phoenix, AZ 85040

Phoenix
Local realty services provided by:ERA Four Feathers Realty, L.C.
1845 E Illini Street,Phoenix, AZ 85040
$499,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: dean selvey
Office: re/max excalibur
MLS#:7040008
Source:ARMLS

Price summary

  • Price:$499,900

About this home

2025 Built duplex in Opportunity Zone; excellent work-force housing; fully rented and stabilized. Generates $36k income and a 7% CAP rate. Very good condition. Tenants pay on time, every time, and pay their elec. Landlord pays water/sewer. Also see 1728 next door. Can be purchased as a 4-plex. Tile floors, Samsung appliances, 2'' wood blinds, 42'' expresso cabinets. Lots of parking. Make money on Day 1.

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Home facts

  • Year built:2025
  • Listing ID #:7040008
  • Updated:June 23, 2026 at 03:30 PM

Rooms and interior

  • Flooring:Carpet, Tile

Heating and cooling

  • Cooling:Ceiling Fan(s), Heat Pump, Individual Cooling
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:2025
  • Construction Materials:Stucco

Schools

  • High school:South Mountain High School
  • Middle school:Percy L Julian School
  • Elementary school:Percy L Julian School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$499,900
  • Tax amount:$4,228 (2026)

Parking

  • Total parking spaces:4
  • Parking description:Additional Parking Available, Carport, More Than 1 Parking Space/Unit
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