1845 E ILLINI Street, Phoenix, AZ 85040
1845 E ILLINI Street, Phoenix, AZ 85040
1845 E ILLINI Street, Phoenix, AZ 85040
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$499,900
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5 Beds
Active

1845 E ILLINI Street Phoenix, AZ 85040

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Additional details

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Progress Place

MLS Listing ID 7040008

Bedrooms 5

Year Built 2025

Annual Tax Amount $4,228

Tax Year 2026

Lot Dimensions 7353 SF

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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.

Location

State AZ

County Maricopa

Community Progress Place

Area Maricopa

Zoning R3

Interior

Heating Electric

Cooling Central Air, Ceiling Fan(s), Heat Pump, Individual

Flooring Carpet

Appliance Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup

Exterior

Parking Features Attached Carport, Add'l Parking Avail, >1 Space Per Unit, Carport

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction Yes

Schools

Elementary Schools Percy L Julian School

Middle Schools Percy L Julian School

High Schools South Mountain High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 122-32-090

Acceptable Financing Conventional, 1031 Exchange

Disclosures None

Listing Terms Conventional, 1031 Exchange


Arizona Regional MLS (ARMLS)
Listed by RE/MAX Excalibur • Dean Selvey
Bud Gragg
Bud Gragg

Broker Associate License ID: BR112406000

+1(480) 497-5600 | budgragg@gmail.com

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1845 E ILLINI Street