About 1845 E Illini Street
LIVE FOR LESS THAN HALF PRICE! Why rent when your tenant can help pay for your home? This outstanding 2025-built duplex offers the opportunity to live in one unit while approximately $2100/month rent from the other can offset more than half your housing payment. Well-maintained and in excellent condition, each unit features wood-look tile, Samsung stainless appliances, 42'' espresso cabinetry, 2'' wood blinds, and modern finishes. Reliable tenants pay their own electric. Ample on-site parking. Also an excellent investor opportunity with approximately $34,000 annual income and an attractive 7% CAP rate. FHA, VA, conventional, cash, or 1031 buyers welcome.
Features of 1845 E Illini Street
| MLS® # | 7040008 |
|---|---|
| Price | $499,900 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Year Built | 2025 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 1845 E Illini Street |
|---|---|
| Subdivision | PROGRESS PLACE |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85040 |
Amenities
| Amenities / Community Features | No Pool |
|---|---|
| Parking Spaces | 4 |
| Parking | Attached Carport, Add'l Parking Avail, >1 Space Per Unit, Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup |
|---|---|
| Heating | Electric |
| Cooling | Central Air, Ceiling Fan(s), Heat Pump, Individual |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Wood Frame, Stucco |
School Information
| District | Phoenix Union High School District |
|---|---|
| Elementary | Percy L Julian School |
| Middle | Percy L Julian School |
| High | South Mountain High School |
Additional Information
| Zoning | R3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Excalibur |
|---|