1845 E Illini St Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $3,124/month
Highlights
- Breakfast Bar
- Patio
- Central Air
- Phoenix Coding Academy Rated A
- Attached Carport
- Ceiling Fan
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,228
Year Built
- Built in 2025
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- 5 Bedrooms
- Ceiling Fan
- Drapes & Rods
- Blinds
- Breakfast Bar
Parking
- 4 Parking Spaces
- Attached Carport
- Additional Parking
Outdoor Features
- Patio
Schools
- Percy L Julian Elementary And Middle School
- South Mountain High School
Utilities
- Central Air
- Air Source Heat Pump
- Separate Meters
- Natural Gas Not Available
- Cable TV Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 14
- Assessor Parcel Number 122-32-090
Community Details
Overview
- 2 Units
- Building Dimensions are 7353 SF
- Progress Place Subdivision
Building Details
- Operating Expense $12,968
- Gross Income $44,400
- Net Operating Income $35,673
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $286 | $1,899 | ||
| 2024 | $271 | $1,808 | ||
| 2023 | $271 | $4,450 | $4,310 | $140 |
| 2022 | $266 | $4,000 | $3,860 | $140 |
| 2021 | $271 | $3,450 | $3,310 | $140 |
| 2020 | $268 | $2,670 | $2,530 | $140 |
| 2019 | $259 | $2,090 | $1,870 | $220 |
| 2018 | $252 | $1,960 | $1,740 | $220 |
| 2017 | $240 | $1,890 | $1,700 | $190 |
| 2016 | $228 | $1,760 | $1,560 | $200 |
| 2015 | $215 | $1,760 | $1,570 | $190 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/22/2026 06/22/26 | Price Changed | $499,900 | -2.0% | -- |
| 06/11/2026 06/11/26 | For Sale | $509,900 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7040008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
- 1905 E Illini St
- 1915 E Illini St Unit 94
- 1914 E Illini St
- 1911 E Warner St
- 1947 E Raymond St
- 1901 E Encinas Ln
- 1720 E Illini St
- 1732 E Wood St
- 1709 E Encinas Ln
- 1707 E Illini St
- 1939 E Encinas Ln
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Ask me questions while you tour the home.