1845 E ILLINI Street, Phoenix, AZ 85040
MULTI_FAMILY - Phoenix, AZ
- Added:
- Jun 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 11 at 12:06 pm
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
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2
- Parking features
- Carport
- Appliances
- Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup
- Standard status
- Active
- 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, Central Air, Ceiling Fan(s)
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Tile, Carpet
- 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 under construction with 2025 year built and wood frame stucco construction
- Fully equipped kitchen with built‑in range, built‑in electric oven, microwave, dishwasher, refrigerator, and disposal
- Heating and cooling include electric heating, heat pump, central air, and ceiling fans
- Tile and carpet flooring throughout
- Carport parking; sewer service provided by public sewer
- Rental income listed at $36k with a 7% cap rate; seller states tenants pay electricity and landlord pays water/sewer
Overview
The duplex is located in Phoenix, Arizona 85040, within an R3 zoning designation and an Opportunity Zone. Public remarks indicate the property is listed in connection with the neighboring address at 1728 next door. The seller notes the duplex can be purchased as part of a combined four-plex opportunity.
For buyers looking for an income-producing residential asset, this duplex presents an already-tenanted configuration with defined utility responsibilities. The listing states it generates $36,000 in annual income and references a 7% CAP rate. The stated unit finishes and appliance package may support ease of maintenance and consistent leasing for an operator or investor seeking a stabilized residential income property.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.041101
- Latitude
- 33.411049
