1845 E ILLINI Street, Phoenix, AZ 85040

• 5 beds |
• 3 baths

Property 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.

Listing Status:

Active

Date Added:

June 11, 2026

Data Last Updated:

September 22, 2026 at 1:08PM

Listing Office:

RE/MAX Excalibur : 480-355-3500

Listing Agent:

Dean Selvey : 480-254-6444

MLS ID:

7040008

Interior

• Flooring: TileCarpet
• A/C: Central AirCeiling Fan(s)Heat PumpIndividual
• Heating: Electric

Exterior

• Parking: Attached CarportAdd'l Parking Avail>1 Space Per UnitCarportParking spaces: 4

Construction

• Roofing: Composition
• General: Wood FrameStucco

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Roosevelt Elementary District
• County: Maricopa

Lot

• Zoning: R312232090

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2