# 1845 E ILLINI Street, Phoenix, AZ 85040

> **TL;DR:** 5bd/0ba residential multi family, $509,900, built 2025.
> A/C. Est. $2,210/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $509,900 |
| Bedrooms | 5 |
| Year Built | 2025 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,210 |
| **Total** | **$2,210** |

## Nearby Schools

- **Elementary:** Percy L Julian School
- **Middle:** Percy L Julian School
- **High:** South Mountain High School

## Key Amenities

- A/C

## Property Highlights

- Built in 2025

## Description

### Agent Description
2025 Built duplex in Opportunity Zone; excellent work-force housing; fully rented and stabilized. Generates $36k income and a 7% CAP rate. Very good condition. Tenants pay on time, every time, and pay their elec. Landlord pays water/sewer. Also see 1728 next door. Can be purchased as a 4-plex. Tile floors, Samsung appliances, 2'' wood blinds, 42'' expresso cabinets. Lots of parking. Make money on Day 1.

## Location

- **Address:** 1845 E ILLINI Street, Phoenix, AZ 85040
- **County:** Maricopa
- **Neighborhood:** PROGRESS PLACE
- **Coordinates:** 33.411049, -112.041101
- **Google Maps:** https://www.google.com/maps?q=33.411049,-112.041101

## Listing Agent

- **Name:** Dean Selvey
- **Brokerage:** RE/MAX Excalibur
- **Phone:** 4802546444
- **Email:** dean@deanselvey.com

## Primary Photo

![1845 E ILLINI Street - Primary Photo](http://lh.rdcpix.com/2078cffb836891476583052f260f56cfl-f3894886754r.jpg)

*11 total photos available on [listing page](https://www.propertysimple.com/listing/1845-e-illini-street-phoenix-az-85040-7040008)*

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**MLS#:** 7040008 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1845-e-illini-street-phoenix-az-85040-7040008)

---

## Structured Data

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  "name": "1845 E ILLINI Street, Phoenix, AZ 85040",
  "description": "2025 Built duplex in Opportunity Zone; excellent work-force housing; fully rented and stabilized. Generates $36k income and a 7% CAP rate. Very good condition. Tenants pay on time, every time, and pay their elec. Landlord pays water/sewer. Also see 1728 next door. Can be purchased as a 4-plex. Tile floors, Samsung appliances, 2'' wood blinds, 42'' expresso cabinets. Lots of parking. Make money on Day 1.",
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  "datePosted": "2026-06-17",
  "price": 509900,
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  "numberOfBedrooms": 5,
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```