GREAT OPPORTUNITY to acquire this immediate cash flow property - This property is being sold AS IS - 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!
Wakefield, located between South 12th Avenue and South 6th Avenue, is a residential and working-class Tucson neighborhood with a grid of mid-century streets and a desert-edge backdrop. The neighborhood’s character concentrates around the South 12th Avenue and West Irvington Road crossroads, where taquerias, panaderías, auto shops, and small storefronts set a steady, everyday rhythm. Single-story ranch homes and compact block construction sit alongside shade trees, chain-link fences, and wide skies. Santa Rita Park and the nearby Santa Rita Community Center add courts, fields, and a civic hub. A short drive north, Mission San Xavier del Bac and the San Xavier Co-Op Farm Stand act as cultural anchors tied to the area’s long history. The Santa Cruz River corridor and The Loop bring open space and a long, flat ride through the desert cityscape.
Provided by Walk Score and Local Logic
Offer insights
231 W Illinois St · $235,000
$235K and above
75% chance or better to win
Why $235K+ is a strong offer
SALE-TO-LIST
99.2%
Most homes are selling 1% below list price.
LIST PRICE
$235,000
Median list price in this area is $394,715. (68% higher than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Disposal
Ceramic tile flooring
Bedrooms
Two 1st-floor bedrooms in one unit
One 1st-floor bedroom in the other unit
Bathrooms
Each unit has one full bathroom
Kitchen
Gas range
Flooring
Ceramic tile
Heating & cooling
Heat pump heating
Central air conditioning
Exterior features
Chain link fencing
Decorative gravel landscaping
North/South lot exposure
Paved city-maintained road access
Home design
Duplex
Single-story units
Parking
On-property parking
Total of 2 parking spaces
Construction
Masonry stucco construction
Shingle roof
Built area about 1,293 (building total)
Utilities
Public water
Sewer connected
Financial info
Two rental units
Gross income approximately $25,080
Gross scheduled income approximately $26,400
Net operating income approximately $22,181.15
Operating expenses approximately $2,898.85
Insurance expense approximately $2,136
Unit rents: one unit $1,200/month, other unit $1,000/month
Other
Zoning: Tucson - R2
Electricity and solar
View estimated energy costs and solar savings for this home
This property is ready to become an income producing asset! 2 units consisting of a 1 bedroom 1 bath and 2 bedroom 1 bath located in an area with a strong rental market and rising rents. Washer and dryer hookups on property. Call today for a private tour!
MLSSAZ #22128093
Nov 18, 2021
Listing Removed
—
Oct 29, 2021
Listed
$165,000
$128/sq ft
Public Records
Oct 27, 2021
Sold
$100,000
$77/sq ft
Public Records
Sep 25, 2009
Sold
$50,000
$39/sq ft
MLSSAZ #2224052
Oct 31, 2002
Sold
$65,000
$50/sq ft
Oct 7, 2002
Listed
$65,000
$50/sq ft
MLSSAZ #2218356
Sep 30, 2002
Listing Removed
—
Jul 29, 2002
Listed
$65,000
$50/sq ft
Public Records
Sep 17, 1990
Sold
$12,518
$10/sq ft
Public Records
May 1, 1981
Sold
$18,000
$14/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$763 (+4.2%)
2024
$732 (+6.0%)
2023
$691 (−0.5%)
2022
$694 (+0.6%)
2021
$690 (+3.1%)
2020
$669 (+1.3%)
2019
$660 (+2.2%)
2018
$646 (+0.6%)
2017
$642 (+3.7%)
2016
$619 (+3.0%)
2015
$601 (+4.7%)
2014
$574 (+16.3%)
$50 + $3,490
$3,540
2013
$494
$50 + $3,037
$3,087
Public record
Public record
Zoning
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
7,493 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,293
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,293
Year built
1946
Style
Single Family Residential
County
Pima County
APN
12008198
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
R-2
Residence
This zone provides for medium density, single-family and multifamily, residential development, together with schools, parks, and other public services necessary for an urban residential environment. Select other uses, such as day care and urban agriculture, are permitted that provide reasonable compatibility with adjoining residential uses.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Office
Fire house
Police station
Agriculture-Cropland
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 106° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Tucson, AZ • 85714
Average low and high temperatures (°F)
66
41
77
48
82
53
84
58
91
64
102
74
101
77
103
78
97
73
91
62
76
50
75
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 231 W Illinois St
$233,056
$1,944 under list price of $235K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $205K to $270K.