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$499,900

  • For Sale
  • Active
  • Duplex
  • 5 Beds
  • 3 Total Baths
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Outstanding investment opportunity! Built in 2024 and located in a designated Opportunity Zone, this fully leased duplex offers immediate cash flow with approximately $34,000 in annual income and an attractive 7% CAP rate. Quality workforce housing with dependable tenants who pay on time and cover their own electric; landlord pays only water and sewer. Also available is the adjacent duplex at 1835 E. Illini, creating a rare opportunity to acquire a side-by-side 4-plex. Each unit features wood-look tile flooring, Samsung appliances, 42'' espresso cabinetry, 2'' wood blinds, and contemporary finishes throughout. Ample parking, low-maintenance construction, and excellent condition make this a true turnkey investment.

Full Property Details for 1905 E Illini St

General

  • Price: $499,900
  • Taxes: $4,228 (2026)
  • Status: Active
  • Type: Duplex
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7040009
  • Updated: 8/5/2026
  • Added to Site: 70 day(s) ago

Interior

  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, Washer and Dryer Hookups
  • Flooring: Tile, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Parking

  • Parking Features: Attached Carport, Add'l Parking Avail, >1 Space Per Unit, Carport

Location

  • County: Maricopa
  • Subdivision: PROGRESS PLACE
  • Cross Streets: BROADWAY AT 24 ST

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Heat Pump, Individual
  • Heating Type: Electric

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 1
  • Exterior Const.: Wood Frame, Stucco
  • Roof: Composition
  • Year Built: 2025

Lot Features

  • Lot Dimensions: 7353 SF
  • Frontage: Asphalt
  • Zoning: R3

Financial Considerations

  • Tax Amount: $4,228
  • Tax Year: 2026
  • Terms: Conventional, 1031 Exchange
  • Owner Pays: Trash Collection, Water, Sewer

Disclosures and Reports

  • Property ID: 122-32-091
  • Lot Number: 14

Listed by RE/MAX Excalibur

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Listing agent

— 1905 E Illini St —

  • RE/MAX Excalibur

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1905 E Illini St

School Districts:Roosevelt Elementary District, Phoenix Union High School District
NameGradesDistance
Percy L Julian School
2149 East Carver Drive, Phoenix, AZ 85040
4-80.6 mi
Martin Luther King Jr Elementary School
4615 South 22nd Street, Phoenix, AZ 85040
PK-30.7 mi
South Mountain High School
5401 S 7th St, Phoenix, AZ 85040
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1905 E Illini St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/22/2026
Price Increased
$499,900
2.04%
MLS
6/10/2026
Listed
$489,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1905 E Illini St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$299
—
$1,984
-87%
2025
$299
6%
$15,105
96%
2023
$283
2%
$7,695
68%
2022
$277
—
$4,580
11%
2022
$277
-2%
$4,120
15%
2021
$283
1%
$3,570
29%
2020
$280
4%
$2,770
26%
2019
$270
3%
$2,190
7%
2018
$263
5%
$2,050
4%
2017
$251
5%
$1,970
8%
2016
$239
6%
$1,830
-1%
2015
$225
8%
$1,840
59%
2014
$208
6%
$1,160
-4%
2013
$196
—
$1,206
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by RE/MAX Excalibur

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1905 E Illini Street, Phoenix, AZ 85040 (MLS# 7040009) is a Duplex property with 5 bedrooms and 0 full bathrooms. 1905 E Illini Street is currently listed for $499,900 and was received on June 10, 2026. Want to learn more about 1905 E Illini Street? Do you have questions about finding other Duplex real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

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