1845 E ILLINI Street, Phoenix AZ 85040
$499,900
Brokerage: Ivy Realty(623) 299-4954
1 / 11Home facts
- Price
- $499,900
- Status
- Active
- Beds
- 5
- Baths
- 3
- Year built
- 2025
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- PROGRESS PLACE
- MLS #
- 7040008
Listed by RE/MAX Excalibur · 480-355-3500
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Central Air, Ceiling Fan(s), Heat Pump, Individual
Heating
Electric
Electric
SRP, Individual Meter
Flooring
Tile, Carpet
WaterSource
City Franchise
ParkingFeatures
Attached Carport, Add'l Parking Avail, >1 Space Per Unit, Carport
CommunityFeatures
No Pool
ConstructionMaterials
Wood Frame, Stucco
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Jun 22, 2026 | Price | $509,900 → $499,900 |
| Jun 11, 2026 | Status | Coming Soon → Active |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 2242 E CHIPMAN Road | Sep 29, 2026 | $300,000 | 3/1 | 1,036 | Compass |
| 1707 E ILLINI Street | Sep 27, 2026 | $245,000 | 2/1 | 1,080 | H & H Management Inc |
| 1732 E ATLANTA Avenue | Sep 24, 2026 | $340,000 | 4/2 | 1,120 | Arizona 1st Land & Home RE Co |
| 4451 S 20TH Street | Sep 10, 2026 | $277,000 | 3/1 | 980 | Opendoor Brokerage, LLC |
| 2336 E MARGUERITE Avenue | Sep 7, 2026 | $460,000 | 4/3 | 1,961 | Keller Williams Integrity First Realty |
| 1951 E MARGUERITE Avenue | Aug 27, 2026 | $325,000 | 3/2 | 1,364 | Good Oak Real Estate |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).