1845 E Illini Street, Phoenix, AZ 85040

Phoenix
Local realty services provided by:Success Property Brokers ERA Powered
1845 E Illini Street,Phoenix, AZ 85040
$499,900
  • 5 Beds
  • 3 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

LIVE FOR LESS THAN HALF PRICE! Why rent when your tenant can help pay for your home? This outstanding 2025-built duplex offers the opportunity to live in one unit while approximately $2100/month rent from the other can offset more than half your housing payment. Well-maintained and in excellent condition, each unit features wood-look tile, Samsung stainless appliances, 42'' espresso cabinetry, 2'' wood blinds, and modern finishes. Reliable tenants pay their own electric. Ample on-site parking. Also an excellent investor opportunity with approximately $34,000 annual income and an attractive 7% CAP rate. FHA, VA, conventional, cash, or 1031 buyers welcome.

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Home facts

  • Year built:2025
  • Subdivision & Development:PROGRESS PLACE
  • Listing ID #:7040008
  • Updated:October 06, 2026 at 03:12 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Flooring:Carpet, Tile

Heating and cooling

  • Cooling:Ceiling Fan(s), Heat Pump
  • 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
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: Byron Short

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