231 W Illinois Street, Tucson, AZ 85714 (MLS# 22606644)

231 W Illinois Street, Tucson, AZ 85714

$275,000
Property Type: Multi-Family Square Footage: 1,293 Lot Size (sq. ft.): 36 Status: Active
Current Price: $275,000 List Date: 3/12/2026 Last Modified: 3/12/2026

Overview

Description

Property ranged priced from $275,000- $285,000. Income producing duplex generating $2,200/month ($26,400/annually) in gross rental income. 6.98% CAP rate & 10.4 GRM. Both units currently occupied! Featuring two units: 1 bedroom, 1 bath ($1,000/month) and a 2 bedroom, 1 bath ($1,200/month). Property includes washer and dryer hookups. Area known for strong rental market and increasing rent prices! CALL SHAY TODAY TO SCHEDULE A PRIVATE SHOWING! 520-500-7986

Listing Details MLS# 22606644

Address Information

Street #
231
Direction
W
Street Name
Illinois
Suffix
Street
State/Province
AZ
Zip Code
85714
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
120-08-1980
Area
South
Subdivision
National City NO. 4
Comparable Only Listing
No
Tax Year
2025
Taxes
762.85
Taxes For
Dwelling & Land
Legal Description
National City No 4 Lot 6 Exc S7.5' For Alley Blk 65
Township
14
Community
None
Range
13
Section
36
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Duplex
Attached/Detached
Attached
Construction Status
Existing
Lot Dimensions
126x60
Lot Acres
0.17
Lot Sqft
7492
Lot Size Source
Assessor
Combined SqFt
1293
Year Built
1946
Total Parking
2
School District
TUSD
Elementary School
Hollinger
Middle School
Utterback-Magnet
High School
Pueblo
Horse Property
No
Horse Facilities
No
List Price/SqFt
212.68
Lot Size Price/SqFt
36.71

Property Features

Construction: Masonry Stucco Style: Bungalow Roof: Shingle Living Areas: Family Room Dining Areas: Breakfast Nook; Eat-In Kitchen Dining Room: Area Breakfast: Area Kitchen Features: Gas Range; Disposal Bathroom Features: None Extra Room: None Floor Covering: Ceramic Tile Window Covering: None Technology: Cable TV; High Speed Internet Main Cooling: Central Air Main Heating: Heat Pump Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: None Fence: Chain Link Landscape - Front: Decorative Gravel Landscape - Rear: Decorative Gravel View: None Road Type: Paved RV Parking: Space Available Exterior Feature: None Lot Features: North/South Exposure Neighborhood Features: Paved Street Terms: Cash; Conventional Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Lead Based Paint; Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

Showing Information

Directions
Head east on W Ajo Way towards S 6th Ave, turn right onto S 6th Ave, turn right onto W Illinois St, turn left onto S 7th St, turn right onto W Illinois St

Unit Info

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

Unit 1 Information

Monthly Rent
1200
# Beds
2
# Full Baths
Yes
SqFt
776
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
1000
# Beds
Yes
# Full Baths
Yes
SqFt
517
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
8.07
Gross Rent Multi
10.96
Vacancy Rate %
5
Exp/SqFt
2.24
Exp % of Gross
11.56

Income

Gross Scheduled Rent
26400
Vacancy Loss
1320
Adjusted Gross
25080
Total Expenses
2898.85
Net Opp Income
22181.15
Other Income
0

Expenses

Insurance
2136
Taxes/Assessments
762.85
Figures Presented
Proforma
Admin Expenses
0
Capital Expenses
0
Contract Services
0
Gas/Electric
0
Maintenance Supplies
0
Management
0
Resident Manager
0
Water/Sewer
0
Other Expenses
0

Kitchen Features

Oven
2
Gas Range
Yes
Disposal
Yes

Laundry

Other
Hookups on 2 bed

Interior Features

Interior Steps
No

Main Cooling

Other
mini split system
Central Air
Yes

Electric

Electric Company
TEP

Utilities Paid

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

Driveway

Paved
Gravel

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
No

Home Protection

Offered
No

Gas

Natural
Yes

Construction

Masonry Stucco
Yes

Style

Bungalow
Yes

Sewer

Connected
Yes

Roof

Shingle
Yes

Water

Public
Yes

Living Areas

Family Room
Yes

Dining Areas

Breakfast Nook
Yes
Eat-In Kitchen
Yes

Fence

Chain Link
Yes

Dining Room

Area
Yes

View

None
Yes

Breakfast

Area
Yes

Road Type

Paved
Yes

Road Maintenance

City
Yes

Lot Features

North/South Exposure
Yes

Neighborhood Features

Paved Street
Yes

Main Heating

Heat Pump
Yes

Extra Room

None
Yes

Water Heater

Natural Gas
Yes

Association & Fees

HOA
No

Bathroom Features

None
Yes

Terms

Cash
Yes
Conventional
Yes

Floor Covering

Ceramic Tile
Yes

Submit With Offer

Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Window Covering

None
Yes

Accessibility Option

None
Yes

Technology

Cable TV
Yes
High Speed Internet
Yes

Security

None
Yes

Landscape - Front

Decorative Gravel
Yes

Landscape - Rear

Decorative Gravel
Yes

Patio/Deck

None
Yes

Pool

None
Yes

Property Disclosures

Lead Based Paint
Yes
Seller Prop Disclosure
Yes

Spa

None
Yes

Special Conditions

None
Yes

RV Parking

Space Available
Yes

Exterior Feature

None
Yes

Documents

Listing Office: Indie Realty, LLC
IDX
Last Updated: March - 12 - 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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