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123 W Illinois Street, Tucson, AZ 85714

New Listing
$325,000
Property Type: Multi-Family Square Footage: 3,168 Lot Size (sq. ft.): 15,433 Status: Active
Current Price: $325,000 List Date: 6/26/2026 Last Modified: 6/27/2026

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
Comparable Only Listing
No
Tax Year
2025
Taxes
1013
Taxes For
Dwelling & Land
Legal Description
NATIONAL CITY NO 4 LOT 4 EXC S7.5' FOR ALLEY BLK 64 & NATIONAL CITY NO 4 LOT 5 EXC S7.5' FOR ALLEY BLK 64
Township
14
Community
None
Range
13
Section
36
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes
FEMA Flood Zone
TBD
Municipal Flood Zone
TBD

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
102.59
Lot Size Price/SqFt
21.06
Total Parking
0

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
Other Income
0

Expenses

Insurance
2000
Water/Sewer
200
Figures Presented
Proforma
Admin Expenses
0
Capital Expenses
0
Contract Services
0
Gas/Electric
0
Maintenance Supplies
0
Management
0
Resident Manager
0
Taxes/Assessments
0
Other Expenses
0

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

Gas

Natural
Yes

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Roof

Shingle
Yes

Water

Public
Yes

Living Areas

Living Room
Yes

Dining Areas

Dining in LR/GR
Yes

Fence

Chain Link
Yes

Dining Room

Area
Yes

View

None
Yes

Breakfast

None
Yes

Road Type

Paved
Yes

Kitchen Features

Gas Range
Yes

Road Maintenance

City
Yes

Lot Features

Subdivided
Yes

Main Cooling

Evaporative Cooling
Yes

Laundry

None
Yes

Neighborhood Features

None
Yes

Main Heating

Wall Furnace
Yes

Extra Room

None
Yes

Water Heater

Natural Gas
Yes

Association & Fees

HOA
No

Bathroom Features

None
Yes

Terms

Cash
Yes

Floor Covering

Ceramic Tile
Yes
Concrete
Yes

Submit With Offer

Proof of Funds
Yes

Window Covering

Stay
Yes

Accessibility Option

None
Yes

Technology

High Speed Internet
Yes

Special Conditions

Fix Up
Yes
No Insurance Claims History Report
Yes
No SPDS
Yes
Property Sold As-Is
Yes

Security

None
Yes

Landscape - Front

Natural Desert
Yes

Landscape - Rear

None
Yes

Patio/Deck

None
Yes

Pool

None
Yes

Property Disclosures

None
Yes

Spa

None
Yes

Driveway

Car(s) Pad
Yes

RV Parking

Space Available
Yes

Exterior Feature

None
Yes
IDX
Listing Office: Tierra Antigua Realty
Last Updated: June - 27 - 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 2020 MLS of Southern Arizona. All Rights Reserved.

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