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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$509,900
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1845 E ILLINI Street Phoenix, AZ 85040

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Zack Bennett

Zack Bennett

+1(480) 343-7653

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Progress Place

MLS Listing ID 7040008

Year Built 2025

Annual Tax Amount $4,228

Tax Year 2026

Lot Dimensions 7353 SF

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

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)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by RE/MAX Excalibur • Dean Selvey

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Zack Bennett

Zack Bennett

Agent | License ID: SA525293000

+1(480) 343-7653

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1845 E ILLINI Street