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For sale
    • Price cut: $10K (6/22)
    $499,900

    1845 E ILLINI Street, Phoenix, AZ 85040

    5beds
    3baths
    2,600sqft
    : 
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    Multi Family
    Built in 2025
    -- sqft lot
    $-- Zestimate®
    $192/sqft
    $-- HOA

    What's special

    Lots of parkingTile floorsSamsung appliances
    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.
    34 days
    |
    320
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dean Selvey 480-254-6444,

    RE/MAX Excalibur

    Source: ARMLS,MLS#: 7040008MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      Heating
      • Electric
      Cooling
      • Central Air, Ceiling Fan(s), Heat Pump, Individual
      Appliances
      • Included: Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
      • Laundry: W/D Hookup
      Features
      • Flooring: Tile, Carpet
      Interior area
      • Total structure area: 2,600
      • Total interior livable area: 2,600 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Attached Carport, Add'l Parking Avail, >1 Space Per Unit, Carport
      • Has carport: Yes
      • Covered spaces: 2
      • Uncovered spaces: 2
      Lot
      • Size: 7,353 Square Feet
      • Dimensions: 7353 SF
      Details
      • Parcel number: 12232090
      • Zoning: R3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Stucco
      • Roof: Composition
      Condition
      • Year built: 2025

      Utilities & green energy

      • Electric: SRP, Individual Meter
      • Sewer: Public Sewer
      • Water: City Franchise

      Community & HOA

      Community
      • Features: No Pool
      • Subdivision: PROGRESS PLACE
      Location
      • Region: Phoenix

      Financial & listing details

      • Price per square foot: $192/sqft
      • Tax assessed value: $78,777
      • Annual tax amount: $4,228
      • Date on market: 6/11/2026
      • Cumulative days on market: 35 days
      • Listing terms: Conventional,1031 Exchange
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/22/2026Price change$499,900-2%$192/sqft
        Source: ARMLS #7040008 Report a problem
        6/11/2026Listed for sale$509,900+827.1%$196/sqft
        Source: ARMLS #7040008 Report a problem
        12/30/2020Sold$55,000$21/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$286 +2.6%$7,878 +5.2%
        2024$279 +2.9%$7,491 +335%
        2023$271 +2%$1,722 -57%
        2022$266 -0.8%$4,000 +15.9%
        2021$268 +3.4%$3,450 +29.2%
        2020$259 +2.8%$2,670 +27.8%
        2019$252 $2,090 +6.6%
        2018$252 +4.9%$1,960 +3.7%
        2017$240 +11.7%$1,890 +7.4%
        2016$215 +8.3%$1,760
        2015$199 $1,760 +58.6%
        2014-- $1,110 -6.4%
        2013-- $1,186 -5.5%
        2012-- $1,255 -40.5%
        2011-- $2,108 -43.6%
        2010-- $3,738 -19.4%
        2009-- $4,638 +0.1%
        2008-- $4,632 +60.8%
        2007-- $2,880 +53.8%
        2006-- $1,873
        2005-- $1,873 -2.4%
        2004-- $1,919
        2003-- $1,919 +187.7%
        2002-- $667
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: South Mountain

        Getting around

        34 / 100
        Car-Dependent
        41 / 100
        Some Transit
        52 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Percy L Julian School
        • Middle: Percy L Julian School
        • High: South Mountain High School
        • District: Roosevelt Elementary District

        Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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