Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
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MLS# 7040008 – 1845 E Illini Street, Phoenix, AZ 85040

$499,900 - 5Br/Ba - for Sale in Progress Place, Phoenix
Price: $499,900
Units: 2
Status: Active
Year Built: 2025
Neighborhood: Progress Place
Days on Website: 87

Courtesy of RE/MAX Excalibur

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.

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Built-In Range
  • Disposal
  • Dishwasher
  • Refrigerator
  • Built-In Electric Oven
  • Microwave
  • W/D Hookup
  • Bathrooms
  • 3 total bathrooms
  • Bedrooms
  • 5 total bedrooms
  • Building
  • Built in 2025
  • 1 building
  • Construction Materials: Wood Frame, Stucco
  • Community
  • No Pool
  • Cooling
  • Central Air
  • Ceiling Fan(s)
  • Heat Pump
  • Individual
  • Disclosures
  • None
  • Expenses
  • Insurance: $888
  • Operating: $12,968
  • Water/Sewer: $516
  • Other Expense: $4,228
  • Floors
  • Tile
  • Carpet
  • Heating
  • Electric
  • Income
  • Gross Income: $44,400
  • Gross ScheduledIncome: $44,400
  • Net Operating Income: $35,673
  • Listing
  • Listing ID: 7040008
  • Standard Status: Active
  • MLS Status: Active
  • On market as of 2026-06-11
  • 87 days on market
  • Location
  • Subdivision: PROGRESS PLACE
  • County/Parish: Maricopa
  • Lot
  • Dimensions: 7353 SF
  • Owner Pays
  • Trash Collection
  • Water
  • Sewer
  • Parking
  • 2 covered spaces
  • 2 open parking spaces
  • 4 total parking spaces
  • Attached Carport
  • Add’l Parking Avail
  • >1 Space Per Unit
  • Carport
  • Roof
  • Composition
  • Schools
  • Elementary School: Percy L Julian School
  • Elementary School District: Roosevelt Elementary District
  • Middle School: Percy L Julian School
  • High School: South Mountain High School
  • High School District: Phoenix Union High School District
  • Sewer
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 122-32-090
  • Annual Amount: $4,228
  • Tax Book Number: 122.00
  • Lot: 14
  • Year: 2026
  • Zoning: R3
  • Utilities
  • Water Source: City Franchise
  • SRP
  • Individual Meter

Property Map

$499,900 – 1845 E Illini Street, Phoenix, AZ 85040

Street View

Nearby Schools

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This content last updated on September 6, 2026 5:58PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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