1845 E ILLINI Street, Phoenix, AZ 85040, Phoenix AZ 85040
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%
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is grouped with the current five-or-more-bedroom homes in Phoenix. Its asking price falls near the 21st percentile of that active group. The comparison uses 698 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $332,500, and the median is $235 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1911 E WARNER Street, Phoenix, AZ 85040 | Sep 30, 2026 | 6 bd | $482,600 | 0.1 mi |
| 1946 E JONES Avenue, Phoenix, AZ 85040 | Apr 30, 2026 | 6 bd | $375,000 | 0.1 mi |
| 1728 E WOOD Street, Phoenix, AZ 85040 | Aug 7, 2026 | 5 bd | $488,000 | 0.2 mi |
| 1707 E ILLINI Street, Phoenix, AZ 85040 | Sep 28, 2026 | 2 bd · 1,080 sqft | $245,000 | 0.2 mi |
| 4228 S 19TH Place, Phoenix, AZ 85040 | Apr 10, 2026 | 4 bd · 1,232 sqft | $290,000 | 0.3 mi |
| 4230 S 20th Place 9, Phoenix, AZ 85040 | Sep 25, 2026 | — | $120,000 | 0.3 mi |
| 2014 E BROADWAY Road, Phoenix, AZ 85040 | Aug 18, 2026 | 6 bd | $585,000 | 0.3 mi |
| 4451 S 20TH Street, Phoenix, AZ 85040 | Sep 11, 2026 | 3 bd · 980 sqft | $277,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $499,900 · Active
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Similar active homes in Phoenix
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Phoenix homes for sale · See the Phoenix market report