1905 E ILLINI Street, Phoenix, AZ 85040

$489,900
Property Type: Multiple Dwellings Status: Active
Current Price: $489,900 Last Modified: 6/10/2026

Overview

Description

2024 Built duplex in Opportunity Zone; excellent work-force housing; fully rented and stabilized. Generates $34k 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.

Listing Details MLS# 7040009

Location, Tax & Legal

House Number
1905
Compass
E
Street Name
ILLINI
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85040
Country
US
County Code
Maricopa
Subdivision
PROGRESS PLACE
Assessor Number
122-32-091
Tax Year
2026
Assessor's Map #
32
Assessor's Parcel #
91
Add'l Parcels
No
Tax Municipality
Phoenix
Taxes
4228
Legal
LOT 91 PROGRESS PL
Marketing Name
n/a

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7353 SF
Year Built
2025
Uncvrd Parking Spcs
2
Total # of Units
2
# of Buildings
Yes
Zoning
R3
Elementary School District
Roosevelt Elementary District
High School District
Phoenix Union High School District
Elementary School
Percy L Julian School
Jr. High School
Percy L Julian School
High School
South Mountain High School

Remarks Misc

Cross Street
BROADWAY AT 24 ST

Legal Info

Lot Number
14

Income Expenses

Gross Annual Sch Inc
44400
Net Operating Income
34022

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
1600
Avg SqFt
1150
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
2100
Avg SqFt
1450
# Baths
2

Project Type

Duplex
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
840
Annual Maint Exp
0
Annual Mgmt Exp
3108
Annual Wtr/Swr Exp
1101
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
4228
Operating Exp
13505
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
44400
Total Monthly Rental Income
3700

Pmt & Rate Info

Cap Rate
6.94
Equity
489900
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Heat Pump
Yes
Individual
Yes

Exterior Amenities

Cable TV Available
Yes
Patio/Balcony
Yes

Interior Features

Mini Blinds
Yes
Drapes
Yes
Breakfast Bar
Yes

Tenant Pays

Electricity
Yes
Landscaping
Yes

Appliances Included

Built-In Electric Oven
Yes
Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
W/D Hookup
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Add'l Parking Avail
Yes
Attached Carport
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Cable TV Available; Patio/Balcony Interior Features: Mini Blinds; Drapes; Breakfast Bar Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Cooling: Ceiling Fan(s); Heat Pump; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Attached Carport Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Landscaping Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: RE/MAX Excalibur
Last Updated: June - 10 - 2026
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