31 E ILLINI Street 6, Phoenix, AZ 85040 (MLS# 7024310)

31 E ILLINI Street 6, Phoenix, AZ 85040

New Listing

$499,999

Property Type: Land Lot Size (sq. ft.): 36,900 Status: Active

Current Price: $499,999 List Date: 5/06/2026 Last Modified: 5/06/2026

Overview

Description

NO HOA! Utilities on site! GREAT DEAL FOR INVESTORS LOOKING TO BUILD APARTMENTS, MULTIFAMILY UNITS, OR EVEN A CUSTOM HOME! Incredible opportunity with R4 zoning and great development potential in a growing Phoenix location. Utilities are already on the property, adding convenience and value for future construction. Conveniently located near Downtown Phoenix with quick access to major freeways, shopping, dining, entertainment, and employment centers. Minutes from Chase Field, Footprint Center, Roosevelt Row, and the rapidly expanding downtown corridor.

Supplements: Whether you are looking for your next investment project or a prime lot to build on, this property offers flexibility and upside in an area seeing continued growth and redevelopment. Buyer to verify all facts, zoning, utilities, and intended use with the City of Phoenix.

Listing Details MLS# 7024310

Location, Tax & Legal

House Number: 31
Compass: E
Street Name: ILLINI
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1029
Country: US
County Code: Maricopa
Assessor Number: 113-11-026
Tax Year: 2025
Lot #: 6
Assessor's Map #: 11
Assessor's Parcel #: 26
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 1432

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 0.84
Apx Total Acres G/N: G
Price Per Acre: 595236.9
Apx SqFt: 36900
Price Per SqFt: 13.55
Apx SqFt G/N: G
Lot Size Dimensions: UNK
Zoning: R-4
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: S Central Ave & E Illini
Directions: Going South on S Central Ave, turn Left onto E Illini St

Legal Info

Lot Number: 6

Showing Notification Methods

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

More Information

Special Listing Cond

N/A: Yes

Pmt & Rate Info

Equity: 499999
Total Owed: 0

Assoc/Prop Info

HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0

Lockbox Type

None: Yes

Existing Land Use

Residential Lot: Yes

Zoned Presently

Multi-Family: Yes

Potential Use

Multi-Family: Yes

Parcel Size

.50 - .99 Acres: Yes

Land Features

North/South Exp: Yes

Vegetation

Natural Vegetation: Yes

Land Configuration

Square Rectangular: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Water Source

Other: Yes

Sewer

Sewer - Public: Yes

Electric

SRP: Yes

Topography

Level: Yes

Gas

None: Yes

Distance to Cable

None: Yes

New Financing

Cash: Yes
Conventional: Yes

Distance to Phone

None: Yes

Distance to Water

On Property: Yes

Distance to Electric

On Property: Yes

Distance to Gas

None: Yes

Distance to Sewer

On Property: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Multi-Family Potential Use: Multi-Family Parcel Size: .50 - .99 Acres Land Features: North/South Exp Vegetation: Natural Vegetation Land Configuration: Square Rectangular Road Access Type: City Street Road Surface Type: Asphalt Topography: Level Water Source: Other Sewer: Sewer - Public Electric: SRP Gas: None Distance to Cable: None Distance to Phone: None Distance to Water: On Property Distance to Electric: On Property Distance to Gas: None Distance to Sewer: On Property New Financing: Cash; Conventional Environmental: None Showing Notification Methods: Text; Phone Call Lockbox Type: None

Listing Office: eXp Realty

Last Updated: May - 06 - 2026