1845 E ILLINI Street, Phoenix, AZ 85040
Property image
Property image
FOR SALE

1845 E ILLINI Street
Phoenix, AZ 85040

South Mountain
  • 5 Beds
  • 3 Baths
  • 2,600 sqft

$499,900

Original price: $509,900
Est. Mortgage $2,797/mo*
Get Pre-Qualified

$499,900

Original price: $509,900
Est. Mortgage $2,797/mo*
Get Pre-Qualified
5 Beds
3 Baths
2,600 sqft

Home Highlights

Parking
2 Open Spaces
Climate Control
Heating & Cooling
Price/Sqft
$192
Listed
68 days ago

Local Information

  • Map ViewExplore the area around 1845 E ILLINI Street.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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 1905 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.

Home Details for 1845 E ILLINI Street

Interior Features

Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 3
Dimensions and Layout
Living Area: 2600 Square Feet
Appliances & Utilities
Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, MicrowaveDishwasherDisposalLaundry: W/D HookupMicrowaveRefrigerator
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: Central Air,Ceiling Fan(s),Heat Pump,IndividualHas HeatingHeating Fuel: Electric
Gas & Electric
Electric: SRP, Individual MeterHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Tile, Carpet
Levels, Entrance, & Accessibility
Floors: Tile, Carpet

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Number of Covered Spaces: 2Open Parking Spaces: 2Has a CarportNo GarageHas Open ParkingParking Spaces: 4Parking: Attached Carport,Add'l Parking Avail,>1 Space Per Unit,Carport
Frontage
Road Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 67Days on Market: 68

Property Information

Year Built
Year Built: 2025
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Wood Frame, Stucco
Property Information
Parcel Number: 12232090

Price & Status

Price
List Price: $499,900Price Per Sqft: $192

Active Status

MLS Status: Active

Location

Direction & Address
City: PhoenixCommunity: PROGRESS PLACE
School Information
Elementary School: Percy L Julian SchoolElementary School District: Roosevelt Elementary DistrictJr High / Middle School: Percy L Julian SchoolHigh School: South Mountain High SchoolHigh School District: Phoenix Union High School District

Agent Information

Listing Agent
Listing ID: 7040008

Building

Building Area
Building Area: 2600 Square Feet

Community

Community Features: No Pool

Lot Information

Lot Area: 7353 sqft

Offer

Listing Terms: Conventional, 1031 Exchange

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: Trash Collection, Water, Sewer

Miscellaneous

Mls Number: 7040008

Additional Information

No Pool
Last check for updates: about 4 hours ago
Listing courtesy of Dean Selvey, (480) 254-6444
RE/MAX Excalibur
Source: ARMLS, MLS#7040008
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Market trends in South Mountain

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$374K
$13KMoM
Sale-to-List Price
100.0%
0.2%MoM
Price per sq ft
$239
$3MoM
Available listings
374
7MoM

Price and Tax history

DateEventPrice
Jun 22, 2026
Source: ARMLS #7040008
PriceChange
$499,900
Price decreased by 2%
Jun 11, 2026
Source: ARMLS #7040008
Listed For Sale
$509,900
Dec 30, 2020
Source: N/A
Sold
$55,000

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Home Value

Trulia Estimate
$500K
Since last month
Increased$1K (+0.2%)
Since last year
Increased$301K (+151.6%)
Since last sale
Increased$445K (+808.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +1,091% in the last 10 years
MonthEstimated value
2026
August 2026$500K
July 2026$499K
June 2026$500K
May 2026$191K
April 2026$202K
March 2026$224K
February 2026$200K
January 2026$167K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1728 E WOOD Street, Phoenix, AZ
0.21
Multi-Family Home
$488,000
08/07/26
5
3
2,600
1946 E JONES Avenue, Phoenix, AZ
0.12
Multi-Family Home
$375,000
04/30/26
6
2
3,400
2551 E BROADWAY Road #A, Phoenix, AZ
0.99
Multi-Family Home
$762,000
09/30/25
6
3
3,270
2555 E BROADWAY Road, Phoenix, AZ
1.01
Multi-Family Home
$750,000
10/31/25
6
3
3,270
2559 E BROADWAY Road, Phoenix, AZ
1.01
Multi-Family Home
$750,000
08/29/25
6
3
3,270
2704 E SOUTHGATE Avenue, Phoenix, AZ
1.01
Multi-Family Home
$580,000
01/22/26
6
4
2,400
4429 S 8TH Street, Phoenix, AZ
1.27
Multi-Family Home
$345,000
08/26/25
7
4
2,346
1815 E PUEBLO Avenue, Phoenix, AZ
0.26
Multi-Family Home
$435,000
01/09/26
5
2
-
2208 E ALTA VISTA Road, Phoenix, AZ
1.55
Multi-Family Home
$540,000
05/08/26
7
4
2,066
2553 E PUEBLO Avenue, Phoenix, AZ
1.00
Multi-Family Home
$580,000
01/30/26
8
4
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1905 E ILLINI Street, Phoenix, AZ 85040
0.01
$499,900
5
3
2,600
For Sale
1915 E ILLINI Street #94, Phoenix, AZ 85040
0.05
$149,000
-
-
-
For Sale
1911 E WARNER Street, Phoenix, AZ 85040
0.07
$482,600
6
4
2,604
For Sale
1820 E JONES Avenue #116, Phoenix, AZ 85040
0.07
$155,000
-
-
-
For Sale
1815 E ILLINI Street, Phoenix, AZ 85040
0.07
$278,500
3
1
809
Off Market
1946 E JONES Avenue, Phoenix, AZ 85040
0.12
$375,000
6
2
3,400
Recently Sold
3645 S 18TH Street, Phoenix, AZ 85040
0.14
$449,000
6
3
1,830
Off Market
1811 E RAYMOND Street, Phoenix, AZ 85040
0.14
$508,400
4
1
1,750
Off Market
1819 E ENCINAS Lane, Phoenix, AZ 85040
0.15
$386,650
4
2
1,468
Recently Sold
1815 E Encinas Lane, Phoenix, AZ 85040
0.16
$338,300
3
2
1,300
Off Market
1721 E ILLINI Street, Phoenix, AZ 85040
0.16
$377,000
3
2
1,125
Off Market

Around this home

Neighborhood Overview

South Mountain
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Mountain

At least 811 Trulia users voted on each feature.

  • 83 % Say car is needed

  • 82 % Say there are sidewalks

  • 79 % Say parking is easy

  • 78 % Say yards are well-kept

  • 70 % Say it's dog friendly

  • 69 % Say there's holiday spirit

  • 62 % Say kids play outside

  • 59 % Say it's quiet

  • 54 % Say streets are well-lit

  • 54 % Say they plan to stay for at least 5 years

  • 50 % Say people would walk alone at night

  • 47 % Say it's walkable to grocery stores

  • 43 % Say neighbors are friendly

  • 42 % Say there's wildlife

  • 41 % Say it's walkable to restaurants

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Rnewme87
    "Like having a designated dog park for my pooch Kiera to get out and have exercise and meet other dogs."
    2
    Flag
  • Sharon Poole
    "Crime rates school districts neighborhood activists and activities stores safety. Property qualities "
    1
    Flag
  • Trulia User
    "I live in the neighborhood throughout my childhood the neighbors are very friendly and always look out for each other"
    7
    Flag
  • Trulia User
    "The neighborhood is growing at a fast rate and now has many family distractions around parks recreations and other family fun places around. "
    0
    Flag
  • Trulia User
    "Most neighbors own dogs and it’s an easy way to socialize with neighbors. Our association provides small trash cans and bags scattered throughout the community so it’s easy to keep tidy and most people do. "
    0
    Flag
  • Trulia User
    "South Mountain has a bad reputation, but the 2 years that I've been here says otherwise. I love this neighborhood. "
    0
    Flag
  • Trulia User
    "congested, live right off Baseline and there is traffic a lot of the time. car accidents happen often."
    2
    Flag
  • Trulia User
    "plenty of shady off-sidewalk places for dogs. it's Phoenix so it is hot and the pavement and sidewalks do get very hot 🔥 "
    0
    Flag
  • Trulia User
    "I’ve always lived around South Mountain my whole life. My parent would always move around a lot here & there when I was little"
    10
    Flag
  • Trulia User
    "None that’s I will go too there none special at all I’m not at but church yes I enjoy the church I visit "
    0
    Flag
  • Trulia User
    "Super friendly people in a lovely quiet corner of the city - seems very suburban. Convenient to everything!"
    0
    Flag
  • Trulia User
    "majority of people have dogs able to walk them at park good clean areas lots of space to run in multiple parks"
    0
    Flag
  • Trulia User
    "There are good schools and great restaurants. Nice parks to go fishing and new communities, also big supermarkets"
    0
    Flag
  • Trulia User
    "Dogs are lose and alone sometimes is dangerous. It’s not pet friendly because big dogs can be just walking around alone "
    1
    Flag
  • Trulia User
    "Some people walking their dogs I feel safe and watched over neighbors. Would be nice to have more doggy parks"
    0
    Flag
  • Trulia User
    "is very family oriented and friendly neighborhood with a lot of different store in the area and public transportation"
    0
    Flag
  • Trulia User
    "We’re in a gated community, but the community is small and makes sidewalks hard to walk with dogs when other neighbors are out doing the same. "
    0
    Flag
  • Trulia User
    "It’s a nice area lived here my whole life.A lot of kids that like to play with mine. Good people that care for each other "
    5
    Flag
  • Trulia User
    "Lived here for over 8 years, Great neighborhood and very close to hiking trails, airport, and shopping "
    1
    Flag
  • Trulia User
    "It’s not safe after night falls you have homeless people lurking the streets and crack heads very dangerous "
    0
    Flag
  • Trulia User
    "Baseline has high traffic from the avenues to the I-10 but commute is 12 mins to airport diverse area with all ages"
    0
    Flag
  • Trulia User
    "Love the open walks by the canal and the friendly individuals. South mountain trails are very close and breathtaking. "
    0
    Flag
  • Singhsanjayk001
    "Awesome Friendly Close to downtown Inexpensive Freeways and neighborhood Great place to call home"
    8
    Flag
  • Hannah G.
    "Gated communities are kid friendly, but the surrounding areas are something to watch out for. The area is definitely up and coming though."
    10
    Flag
  • Alexis
    "I live in a nice friendly neighborhood where everyone communicates n knows each other everyone is either related or friends ."
    5
    Flag
  • U2hilary
    "Mountain View’s great! Friendly neighbors, quiet neighborhood. Close to so many things including the airport If you travel often. "
    18
    Flag
  • Andi S.
    "I drive everywhere. but it is just short jaunts. 5 min away from every freeway. this area is constantly improving and opening up more areas for vma variety of shopping. plus there's some open to the public farms near by. fresh eggs, milk and produce. "
    4
    Flag
  • Bukky R.
    "Beautiful views and proximity to downtown is superb. Most homes and shopping are new. People are friendly and down to earth. "
    4
    Flag
  • Sunny B.
    "Great schools, family friendly neighborhoods with lots of parks. Emergency room nearby. Sports complex for youth activities "
    0
    Flag
  • At_rice44
    "I’ve live in this neighborhood for 17 years and have enjoyed my neighbors. Being a home owner is the greatest reward "
    10
    Flag
  • Xavieralexzander
    "Good community for an adult family. Not very motivating for the advancing youth. Quiet noisy with cars and sirens but people are distant and friendly. And about every other house house pit bulls lol. "
    1
    Flag
  • E.S.
    "There’s a bus stop on the corner but I have a car. The light rail is extending to south Phoenix soon though."
    0
    Flag
  • Tammy L.
    "I can’t wait to get out of here! Crime has increased exponentially in the past 5 years! Gun shots heard nightly & every weekend there at least one helicopter flying in circles with spot light. Not to mention, the HOA doesn’t keep anything up- even the neighborhood park is trashed!"
    27
    Flag
  • Marydesamais42
    "We typically do not have community events. I’ve lived here for over 18 years and I never went to a community event "
    0
    Flag
  • Martinezkevin92
    "It’s a peaceful area. A lot of misconception regarding “south side” I love it here, I love the mountains"
    8
    Flag
  • Nestor M.
    "Nothing. This a poor weak neighborhood. Everyone here either keeps to themselves or are very loud. If you want fun just go downtown."
    2
    Flag
  • Whtaylor
    "All of the neighborhood cats!!! It’s like a convention...oh and they regularly use my yard as their personal litter box,"
    13
    Flag
  • Shywanda B.
    "The main streets would be less congested, if there were three lanes. And no, pet owners do not curb their dogs."
    0
    Flag
  • Barbaraascencio
    "We have events at El Prado park and Cesar Chavez Park that make the area special as well as yard sales and other events."
    4
    Flag
  • Jose A. S.
    "public pools, close convenient stores, good schools, but alot of pedifiles, but neighbors mind there own business "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1845 E ILLINI Street

  • What is the estimated monthly payment for 1845 E ILLINI Street?
    Based on a $499,900 list price with 20% down at today's rates, the estimated monthly payment for 1845 E ILLINI Street in Phoenix, AZ is approximately $2,860 (about $2,614 principal & interest, $171 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1845 E ILLINI Street compare to homes in Phoenix?
    1845 E ILLINI Street in Phoenix, AZ is listed at $499,900, about 34% above the $374K median sale price in Phoenix.
  • What do residents say about the South Mountain neighborhood?
    Residents describe the South Mountain neighborhood in Phoenix, AZ as pedestrian-friendly, easy to park in, and well-kept. See homes for sale in South Mountain, Phoenix.
  • What are the closest schools to 1845 E ILLINI Street?
    The closest schools to 1845 E ILLINI Street in Phoenix, AZ are Martin Luther King Jr Elementary School (Pre-K), Percy L Julian School (Elementary/Middle, rated 5/10), South Mountain High School (rated 2/10).
  • Does 1845 E ILLINI Street have air conditioning?
    Yes, 1845 E ILLINI Street in Phoenix, AZ has air conditioning.
  • Does 1845 E ILLINI Street have laundry facilities?
    Yes, 1845 E ILLINI Street in Phoenix, AZ has laundry facilities.
Dean Selvey, RE/MAX Excalibur
Agent Phone: (480) 254-6444
1845 E ILLINI Street, Phoenix, AZ 85040 is a 5 bedroom, 3 bathroom, 2,600 sqft multi-family built in 2025. 1845 E ILLINI Street is located in South Mountain, Phoenix. This property is currently available for sale and was listed by ARMLS on Jun 10, 2026. The MLS # for this home is MLS# 7040008.