1845 E Illini Street, Phoenix, AZ 85040
- $499,900
- List Price
- $499,900
- Price Change
- ▼ $10,000 1782178403
- Days on Market
- 47
- Status
- ACTIVE
- MLS#
- 7040008
- City
- Phoenix
- Subdivision
- Progress Place
- Year Built
- 2025
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.
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Additional Information
- Elementary School
- Percy L Julian School
- High School
- South Mountain High School
- Middle School
- Percy L Julian School
- Community Features
- No Pool
- Construction
- Wood Frame, Stucco
- Cooling
- Central Air, Heat Pump, Varies by Unit, Ceiling Fan(s)
- Electric
- Individual Meter, SRP
- Heating
- Electric
- New Financing
- Conventional, 1031 Exchange, Cash
- Parking Features
- Carport, >1 Space Per Unit, Attached Carport
- Roofing
- Composition
- Subdivision
- Progress Place
- Taxes
- $4,228
- Tax Year
- 2026
- Tenant Pays
- Electricity, Landscaping
- Units
- 2
- Water
- City Franchise
- Zoning
- R3
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Listing courtesy of RE/MAX Excalibur.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.