$499,000
$499,900
0.2%For more information regarding the value of a property, please contact us for a free consultation.
1845 E ILLINI Street Phoenix, AZ 85040
5 Beds
Key Details
Sold Price $499,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Progress Place
MLS Listing ID 7040008
Sold Date 11/10/26
Bedrooms 5
Year Built 2025
Annual Tax Amount $4,228
Tax Year 2026
Lot Dimensions 7353 SF
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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.
Location
State AZ
County Maricopa
Community Progress Place
Area Maricopa
Zoning R3
Interior
Heating Electric
Cooling Central Air, Ceiling Fan(s), Heat Pump, Varies by Unit
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 122-32-090
Ownership Fee Simple
Acceptable Financing Cash, Conventional, 1031 Exchange
Disclosures None
Listing Terms Cash, Conventional, 1031 Exchange
Financing VA
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