1905 E ILLINI Street, Phoenix, AZ 85040

$499,900
Property Type: Multiple Dwellings Bedrooms: 5 Baths: 3 Status: Active
Current Price: $499,900 Last Modified: 11/11/2026

Overview

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. Seller Financing also available.

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

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

2 Bedroom Units

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

More Information

3 Bedrooms Units

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

Structure

Bedrooms Total
5
Bathrooms Total
3

Income Expenses

Gross Annual Sch Inc
44400
Net Operating Income
34022

Showing Notification Methods

Showing Service
Aligned Showings

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; VA; FHA; Conventional; Owner May Carry; 1031 Exchange Environmental: None
IDX
Listing Office: RE/MAX Excalibur
Office Phone: 480-355-3500
Office Email: Sindy@AzGreatHomes.com
Last Updated: November - 11 - 2026
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