1905 E ILLINI Street, Phoenix, AZ 85040
MULTI_FAMILY - Phoenix, AZ
- Added:
- Jun 10, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 1905 E ILLINI Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R3
- Bedrooms
- 5
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 1
- Parking features
- Carport
- Appliances
- Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup
- Standard status
- Active
- APN
- 122-32-091
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4228
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Ceiling Fan(s), Heat Pump, Central Air
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Carpet, Tile
- Building materials
- Wood Frame, Stucco
- Roof type
- Composition
Listing agent Dean Selvey License #SA020464000 (480) 254-6444
Listing office RE/MAX Excalibur 15160 N Hayden Road, Suite 205, Scottsdale, AZ (480) 355-3500
Listing date Jun 10, 2026
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2025‑built duplex (property condition: under construction) with 5 bedrooms total
- Appliances included: built‑in range, built‑in electric oven, microwave, dishwasher, disposal, refrigerator, and W/D hookup
- Tile and carpet flooring; 2‑inch wood blinds and 42‑inch expresso cabinets
- Heating and cooling: electric heating, heat pump, ceiling fans, and central air
- Roof is composition; construction includes wood frame and stucco; public sewer connected
- Carport parking; fully rented and stabilized with $34k income and a 7% CAP rate
Overview
The duplex is located in an Opportunity Zone and is zoned R3. The offering notes lots of parking and mentions another property available next door at 1728, with the potential to purchase as a 4-plex.
For buyers seeking a stabilized duplex investment or workforce housing, the described utility structure is straightforward: tenants pay electricity, while the landlord pays water/sewer. The remarks also cite current income and capitalization rate figures, along with a stated $34k income and a 7% cap rate, supporting an on-day-one income approach. The property is presented as a turn-ready option in a rental-ready configuration with included features such as appliances and built-in cabinetry.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.040898
- Latitude
- 33.411051
