For sale

Price increase: $10K (6/22)

$499,900

1905 E ILLINI Street, Phoenix, AZ 85040

5beds

3baths

2,600sqft

$3,011/mo

Get pre-qualified

Multi Family

Built in 2025

-- sqft lot

$-- Zestimate^®

$192/sqft

$-- HOA

What's special

Modern finishesAmple on-site parkingSamsung stainless appliancesWood-look tile

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.

86 days
267
24

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: 12232091
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: $81,558
Annual tax amount: $4,228
Date on market: 6/10/2026
Cumulative days on market: 86 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

Price history

Date	Event	Price
6/22/2026	Price change	$499,900+2%$192/sqft
Source: ARMLS #7040009 Report a problem
6/10/2026	Listed for sale	$489,900+399.9%$188/sqft
Source: ARMLS #7040009 Report a problem
8/15/2023	Sold	$98,000+145%$38/sqft
Source: Public Record Report a problem
10/2/2018	Sold	$40,000$15/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$299 +2.6%	$8,156 +6%
2024	$291 +2.9%	$7,695 +327.7%
2023	$283 +2%	$1,799 -56.3%
2022	$277 -0.7%	$4,120 +15.4%
2021	$280 +3.3%	$3,570 +28.9%
2020	$270 +2.7%	$2,770 +26.5%
2019	$263	$2,190 +6.8%
2018	$263 +4.9%	$2,050 +4.1%
2017	$251 +11.7%	$1,970 +7.7%
2016	$225 +8.2%	$1,830 -0.5%
2015	$208	$1,840 +58.6%
2014	--	$1,160 -3.8%
2013	--	$1,206 -8.1%
2012	--	$1,313 -39.4%
2011	--	$2,166 -43.7%
2010	--	$3,846 -20.5%
2009	--	$4,835 +0.2%
2008	--	$4,823 +59.4%
2007	--	$3,025 +52.9%
2006	--	$1,979
2005	--	$1,979 -2.5%
2004	--	$2,029
2003	--	$2,029 +180.2%
2002	--	$724