31 E ILLINI Street 6, Phoenix, AZ 85040, Phoenix AZ 85040
NO HOA! Utilities on site! GREAT DEAL FOR INVESTORS LOOKING TO BUILD APARTMENTS, MULTIFAMILY UNITS, OR EVEN A CUSTOM HOME! Incredible opportunity with R4 zoning and great development potential in a growing Phoenix location. Utilities are already on the property, adding convenience and value for future construction. Conveniently located near Downtown Phoenix with quick access to major freeways, shopping, dining, entertainment, and employment centers. Minutes from Chase Field, Footprint Center, Roosevelt Row, and the rapidly expanding downtown corridor. Whether you are looking for your next
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 listings without a reported bedroom count in Phoenix. Its asking price falls near the 60th percentile of that active group. The comparison uses 566 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
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 $100,000, and the median is $166 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 |
|---|---|---|---|---|
| 209 E JONES Avenue, Phoenix, AZ 85040 | Jul 16, 2026 | 3 bd · 1,424 sqft | $345,000 | 0.1 mi |
| 4009 S CENTRAL Avenue, Phoenix, AZ 85040 | Sep 24, 2026 | — · 3,350 sqft | $300,000 | 0.1 mi |
| 20 W JONES Avenue 3, Phoenix, AZ 85041 | Aug 6, 2026 | — | $100,000 | 0.2 mi |
| 26 W JONES Avenue 4, Phoenix, AZ 85041 | Aug 6, 2026 | — | $100,000 | 0.2 mi |
| 102 W JONES Avenue W 9, Phoenix, AZ 85041 | Aug 6, 2026 | — | $100,000 | 0.2 mi |
| 108 W JONES Avenue 10, Phoenix, AZ 85041 | Aug 6, 2026 | — | $100,000 | 0.2 mi |
| 136 W JONES Avenue W 14, Phoenix, AZ 85041 | Aug 6, 2026 | — | $100,000 | 0.3 mi |
| 313 W JONES Avenue, Phoenix, AZ 85041 | Apr 30, 2026 | — | $870,552 | 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.
- $499,999 · Pending
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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