1905 E ILLINI Street, Phoenix, AZ 85040
1905 E ILLINI Street, Phoenix, AZ 85040
1905 E ILLINI Street, Phoenix, AZ 85040
1905 E ILLINI Street, Phoenix, AZ 85040
1905 E ILLINI Street, Phoenix, AZ 85040
1905 E ILLINI Street, Phoenix, AZ 85040
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Justin Baker

Justin Baker

+1(480) 903-2073
$ 499,900
Est. payment | /mo
Save
$ 499,900
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Progress Place

MLS Listing ID 7040009

Year Built 2025

Annual Tax Amount $4,228

Tax Year 2026

Lot Dimensions 7353 SF

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Outstanding investment opportunity! Built in 2024 and located in a designated Opportunity Zone, this fully leased duplex offers immediate cash flow with approximately $34,000 in annual income and an attractive 7% CAP rate. Quality workforce housing with dependable tenants who pay on time and cover their own electric; landlord pays only water and sewer. Also available is the adjacent duplex at 1835 E. Illini, creating a rare opportunity to acquire a side-by-side 4-plex. Each unit features wood-look tile flooring, Samsung appliances, 42'' espresso cabinetry, 2'' wood blinds, and contemporary finishes throughout. Ample parking, low-maintenance construction, and excellent condition make this a true turnkey investment.

Location

State AZ

County Maricopa

Community Progress Place

Area Maricopa

Zoning R3

Interior

Heating Electric

Cooling Central Air, Ceiling Fan(s), Heat Pump, Individual

Flooring Carpet

Appliance Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup

Exterior

Parking Features Attached Carport, Add'l Parking Avail, >1 Space Per Unit, Carport

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction Yes

Schools

Elementary Schools Percy L Julian School

Middle Schools Percy L Julian School

High Schools South Mountain High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 122-32-091

Acceptable Financing Conventional, 1031 Exchange

Disclosures None

Listing Terms Conventional, 1031 Exchange

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by RE/MAX Excalibur • Dean Selvey

Schools and Properties Nearby

Learn More About LPT Realty

Justin Baker
Justin Baker

Agent

+1(480) 903-2073

25 S Arizona Pl, Suite 210, Chandler, AZ, 85225, USA

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1905 E ILLINI Street