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Sold on 05/19/2017

416 E Illini St, Phoenix, AZ 85040

  • $182,000

    Last sold 05/19/2017 after 44 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 416 E Illini St

Property type Multi-family
Neighborhood
Year built 1945
HOA fee $0/month
Property description
Seller is motivated and willing to carry. This property has 5 small all two bedroom 1 bath homes. Huge lot 0.72 acres / 31,363 sqft. Tenants pay for water and electric. This property is on septic so costs are very low for the maintance on this building. Bring your offer's now this deal will not last. All fact's and information are approximate buyer verify MLS information. Over 11% cap on owner's expenses and self managed. Seller also willing to carry 35k down.
Listed by
Listing Agent - Sophia J. Baron
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#5586708 • last updated 8 years ago
Movoto checked ARMLS for data 12 minutes ago
Overview
Cooling/AC Evaporative Cooling
Heating Heat Pump
MLS # 5586708
Type Multiple Dwellings
Status Closed
Property Tax 634
Year Built 1945
Interior
Flooring Other
Appliances Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Stucco
Parking 1 Space/Unit, On Street
# of Open Parking Spaces 5
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Septic Tank
Location
Community Features No Pool
Elementary School District Roosevelt Elementary District
High School District Phoenix Union High School District
APN 113-12-034-A
Zoning Multi
Multifamily Details
Total # of Units 5
Expense: Operating 6818
Financial Data Source Owner
Expense: Maintenance 1500
Vacancy Allowance 0.05
Expense: Insurance 2500
Net Operating Income 23038
Gross Income 29856.6
Expense: Other 634
Expense: Trash 900
Expense: Water/Sewer 350
Gross Scheduled Income 31428
Expense: Gardener 300
We are not permitted to show value estimates for this property.
  • May 2017
    mls logo MLS # 5586708
  • May 19, 2017 Sold
    $182,000 (-11.2%)
  • Apr 5, 2017 Listed
    $205,000
  • 416 E Illini St
    $182K
  • South Mountain
    $435K 0% y/y
  • 85040
    $374K +4% y/y
  • Phoenix
    $474K -1% y/y
No chart available
Statistics calculated by Movoto

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4/10
Cesar E Chavez Community School
public Grades PK, K-8
Roosevelt Elementary District
2/10
South Mountain High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85040
  • South Mountain
  • 416 E Illini St
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