Duplex with Updated Interior
For Sale
Under Contract
$499,900
1845 E ILLINI Street, Phoenix, AZ 85040
Multiple Dwellings, Phoenix, AZ
Property SizeContact for details
Days on Market136
Property Features for 1845 E ILLINI Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R3
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
Parking features
Carport
Appliances
Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup
Subdivision
PROGRESS PLACE
Elementary school
Percy L Julian School
Middle school
Percy L Julian School
High school
South Mountain High School
Elementary school district
Roosevelt Elementary District
Middle school district
Phoenix Union High School District
High school district
Phoenix Union High School District
Standard status
Active Under Contract
APN
122-32-090
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4228
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Heat Pump, Ceiling Fan(s), Varies by Unit, Central Air
Building Details
Year built
2025
Number of units
2
Flooring type
Carpet, Tile
Building materials
Wood Frame, Stucco
Roof type
Composition
Listing Agency:
RE/MAX Excalibur · RE/MAX International
(480) 355-3500
Listed By:
Dean Selvey
(480) 254-6444
Added: Jun 10
Changed: Oct 22
Last Checked: Oct 23 at 2:06AM
MLS# 7040008
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.
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Investment Insights
Based on property information with market context.
Built in 2025, this R3-zoned duplex contains two residences. Each has wood-look tile, carpet, Samsung stainless steel appliances, espresso cabinetry, and wood blinds. Heating is electric, while cooling features vary by unit; carport parking is provided. A washer and dryer hookup is included.
The property is served by public sewer. The reported capitalization rate is 7%.
The property is served by public sewer. The reported capitalization rate is 7%.
Key Highlights
- Two‑unit duplex built in 2025
- R3 zoning
- Reported 7% cap rate
Property Analytics
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include stainless steel appliances, wood-look tile, and on-site carport parking.
Where is this duplex located?
The property is located at 1845 E ILLINI Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex built in 2025; R3 zoning; Reported 7% cap rate
