About This Home

This 5-bedroom, 3-bathroom residential multi family at 1905 E ILLINI Street in Phoenix, AZ is listed for $499,900. Built in 2025, on a N/A lot.

Key Features

  • Built in 2025

Property Details

3 full
2025

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,166
Insurance$146

Estimates only. Actual payments may vary.

Location

1905 E ILLINI Street

Phoenix, AZ 85040

PROGRESS PLACE

Property Details

Flooring

TileCarpet

Construction

Wood Frame Stucco

Parking

Carport

Heating

Electric (Heating)

Cooling

Ceiling Fan(s)Central AirHeat PumpVaries by Unit

Appliances

Built-In RangeDisposalDishwasherRefrigeratorBuilt-In Electric OvenMicrowaveW/D Hookup

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 1905 E ILLINI Street is listed at $499,900. The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2025.

This property is listed by Dean Selvey.

DS

Dean Selvey

Agent at RE/MAX Excalibur

Listed by RE/MAX Excalibur · Broker phone: (480) 355-3500 · View on Broker Site · Broker website

MLS# 7040009· Source: Arizona Regional Multiple Listing Service, Inc.· 141 days on PropertySimple

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.

1905 E ILLINI Street, Phoenix, AZ 85040

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