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123 W Illinois Street, Tucson, AZ 85714

$299,000
Property Type: Multi-Family Square Footage: 3,168 Lot Size (sq. ft.): 15,433 Status: Active
Current Price: $299,000 List Date: 6/26/2026 Last Modified: 8/25/2026

Overview

Description

2 Parcels | 5 Total Residential Units: a 2 Bed, 1 Bath main home, a duplex with two 1 Bed, 1 Bath units, and two detached 1 Bed, 1 Bath casitas. Rare opportunity for investors to acquire a five unit income producing property with significant value-add potential! This unique property has a strong history of occupancy and offers multiple income producing residences. Two units are currently rented on month to month leases, providing immediate income while allowing flexibility for future management. Renovate, increase rents, or reposition the property to maximize its potential. Property is being sold AS IS.

Listing Details MLS# 22615985

Address Information

Street #
123
Direction
W
Street Name
Illinois
Suffix
Street
State/Province
AZ
Zip Code
85714
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
120081750
Area
South
Subdivision
National City NO. 4

General Property Information

Dwelling Type
Quadruplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
Irregular
Lot Acres
0.35
Lot Sqft
15433
Lot Size Source
Assessor
Combined SqFt
3168
Year Built
1954
School District
TUSD
Elementary School
Hollinger
Middle School
Maxwell K-8
High School
Pueblo
Horse Property
No
Horse Facilities
No
List Price/SqFt
94.38
Lot Size Price/SqFt
19.37

Property Features

Construction: Concrete Block Roof: Shingle Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: None Kitchen Features: Gas Range Bathroom Features: None Laundry: None Extra Room: None Floor Covering: Ceramic Tile; Concrete Window Covering: Stay Technology: High Speed Internet Main Cooling: Evaporative Cooling Main Heating: Wall Furnace Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: None Fence: Chain Link Landscape - Front: Natural Desert Landscape - Rear: None View: None Road Type: Paved Driveway: Car(s) Pad RV Parking: Space Available Exterior Feature: None Lot Features: Subdivided Neighborhood Features: None Terms: Cash Submit With Offer: Proof of Funds Property Disclosures: None Special Conditions: Fix Up; No Insurance Claims History Report; No SPDS; Property Sold As-Is

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

Showing Information

Directions
From Ajo & 6th Ave. Go South on 6th Ave. to Illinois Street. Turn West on Illinois. Turn South onto 7th Ave. Turn West onto Illinois St.

Unit Info

# of Units/Studios
4
# of Units/1 BR
4
# of Units/2 BR
Yes

Unit 1 Information

Monthly Rent
500
# Beds
Yes
# Full Baths
Yes
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

# Beds
2
# Full Baths
2
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

# Beds
Yes
# Full Baths
Yes
Occupancy
Yes

Unit 4 Information

# Beds
2
# Full Baths
Yes
Occupancy
No

Analysis

Cap Rate %
0.48
Gross Rent Multi
86.67
Vacancy Rate %
17.58
Exp/SqFt
0.69
Exp % of Gross
58.67

Income

Gross Scheduled Rent
4550
Vacancy Loss
800
Adjusted Gross
3750
Total Expenses
2200
Net Opp Income
1550

Expenses

Insurance
2000
Water/Sewer
200
Figures Presented
Proforma

Style

Other
N/A

Interior Features

Interior Steps
No

Electric

Electric Company
TEP

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Owner
Insurance
Owner
Sewer
Owner
Taxes
Owner
Trash
Owner
Water
Owner

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
No
CC&Rs
No

Home Protection

Offered
No
IDX
Listing Office: Tierra Antigua Realty
Last Updated: August - 25 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.

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