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1845 E Illini Street, Phoenix, AZ 85040

$509,900
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New to the Market Active
BEDS0 BATHS MLS#7040008
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPROGRESS PLACE SCHOOLPhoenix Union High School District
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Property Description

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.

1845 E Illini Street | MLS# 7040008

This multi-family property located at 1845 E Illini Street, Phoenix, AZ 85040 is currently listed for sale with an asking price of $509,900. E Illini Street is located within the Phoenix Union High School District school district. Search Phoenix real estate on relton.arizonabest.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Heat Pump, Varies by Unit, Ceiling Fan(s
Heating: Electric
Roof Type: Composition
Taxes: $4,228
Year Built: 2025

Feature Descriptions

Community Features: No Pool
Days on Site: 1
Exterior: Wood Frame, Stucco
Parking: Carport, >1 Space Per Unit, Attached Carport
Water: City Franchise

Local Schools

High School: South Mountain High School
Middle School: Percy L Julian School
Elementary School: Percy L Julian School
School District: Phoenix Union High School District

Listed By / Shown By

Listed By

Agency Name: RE/MAX Excalibur
Agency Phone: 480-355-3500

Shown By

Agent Name: Rick Elton
Agent Phone: (602) 818-7141
Agency Title: Arizona Best Real Estate

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Estimated Payment

$ 1,635.87 per month $1,134.82 Principal & Interest $352.33 Property Tax $148.72 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/12/2026. The listing information on this page last changed on 06/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 06/12/2026 3:04:29 AM EST) or ARMLS (last updated Thu 06/11/2026 11:06:53 PM EST). Real estate listings held by brokerage firms other than Arizona Best Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.


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