2024-Built Duplex Income
1905 E ILLINI Street Phoenix, AZ 85040
For Sale
$499,900
MULTI_FAMILY - Phoenix, AZ
Days on Market49
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 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 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
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 Agency:
RE/MAX Excalibur
(480) 355-3500
Listed By:
Dean Selvey · License #SA020464000
(480) 254-6444
Added: Jun 10
Changed: Jul 28
Last Checked: Jul 28 at 5:06AM
MLS# 7040009
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.
Investment Insights
Based on property information with market context.
This 2024-built duplex offers a residential income setup with tile floors and Samsung appliances. Interior finishes include 2-inch wood blinds and 42-inch espresso cabinets. The property is described as being in very good condition and is fully rented and stabilized, with tenants paying on time and their electricity.
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.
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.
Key Highlights
- Newer duplex in an Opportunity Zone (built reported as 2024; YearBuilt listed as 2025)
- Fully rented and stabilized, generating $34k income with a 7% CAP rate
- Tenants pay electricity; landlord pays water and sewer (public sewer)
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented 2024 duplex with tenant-paid electricity and landlord-paid water/sewer in an Opportunity Zone.
Where is this duplex located?
The property is located at 1905 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: Newer duplex in an Opportunity Zone (built reported as 2024; YearBuilt listed as 2025); Fully rented and stabilized, generating $34k income with a 7% CAP rate; Tenants pay electricity; landlord pays water and sewer (public sewer)
