For Sale Multi-Family MLS# 7040009

1905 E ILLINI Street

Phoenix, AZ 85040

$499,900

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Listing Office

Officearizona-regional-mls-rsd logoRE/MAX Excalibur
AgentDean Selvey
Phone480-355-3500

About 1905 E ILLINI Street

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.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
2025
Original price
$489,900
MLS #
7040009

Interior

Features
Central Air, Ceiling Fan(s), Heat Pump, Individual, Electric, Tile, Carpet
Flooring
Tile, Carpet
Heating
Electric
Cooling
Central Air, Ceiling Fan(s), Heat Pump, Individual

Exterior & lot

Features
Attached Carport, Add'l Parking Avail, >1 Space Per Unit, Carport, Parking spaces: 4
Construction
Wood Frame, Stucco, Composition
Roof
Composition
Lot
R3, 12232091
Parking
Attached Carport, Add'l Parking Avail, >1 Space Per Unit, Carport

Schools

District
Roosevelt Elementary District
Elementary
Percy L Julian School
Middle
Percy L Julian School
High
South Mountain High School

Utilities

Utilities
Public Sewer, City Franchise
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$4,228
Tax year
2026
Parcel
12232091

Location

Subdivision
PROGRESS PLACE
County
Maricopa
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Roosevelt Elementary District

Location

Neighborhood
PROGRESS PLACE
School district
Roosevelt Elementary District

Interested in this home?

Questions on 1905 E ILLINI Street, Phoenix, AZ 85040, or want to see it in person?

The Anderson Team · (480) 900-9140

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