Four-Parcel Multifamily
For Sale
Contact for pricing
246 E Illini St, Phoenix, AZ 85040
Multifamily asset with 6 total units across four parcels and all units reported fully occupied.
Property SizeContact for details
Days on Market123
Property Features for 246 E Illini St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Get MULTIfamily
(602) 842-5050
Listed By:
Patrick O'Sullivan, CCIM · License #BR634211000
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 7:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Get MULTIfamily
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes four parcels totaling 6 units, reported as fully occupied. The front house is described as a 3-bedroom, 1-bath residence, along with one additional one-bedroom home and four studio units.
The property is located right off the New tram line on Central, with the remarks noting strong apartment demand in the surrounding area. The seller indicates the possibility of selling by parcel individually.
Buyers are instructed to verify all figures and measurements. Drive by only, and please do not disturb tenants.
The property is located right off the New tram line on Central, with the remarks noting strong apartment demand in the surrounding area. The seller indicates the possibility of selling by parcel individually.
Buyers are instructed to verify all figures and measurements. Drive by only, and please do not disturb tenants.
Key Highlights
- Multifamily investment with 6 total units across four parcels, all units reported fully occupied
- Monthly rental income reported at $3,875.00
- Front house: 3‑bedroom, 1‑bath residence
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
662
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily asset with 6 total units across four parcels and all units reported fully occupied.
Where is this apartment building located?
The property is located at 246 E Illini St Phoenix, AZ.
What are key features of this property?
This property features: Multifamily investment with 6 total units across four parcels, all units reported fully occupied; Monthly rental income reported at $3,875.00; Front house: 3‑bedroom, 1‑bath residence
