It comes after the Metropolitan Police was called to Milton Crescent at 1.52pm on September 4 with reports of “gunshots” heard.
Officers were dispatched to the scene, where they discovered two men suffering injuries from a fight.
A 41-year-old was suffering a stab wound and a 35-year-old man had sustained injuries consisted with a pellet gun.
Both were taken to hospital for treatment, with their injuries since being confirmed as non-life threatening or changing.
A 33-year-old man was arrested on suspicion of possession of a firearm.
Police are not seeking any other suspect in connection to the incident.
He remains in hospital in an unknown condition.
A Metropolitan Police spokesperson said: “A 33-year-old man has been arrested on suspicion of possessing a firearm following an altercation in Ilford.
“Police responded to reports of gunshots in Milton Crescent, Gants Hill at 13:52hrs on Thursday, 4 September. Upon their arrival they found two men suffering with injuries – a 41-year-old man was treated at the scene for a stab wound, and a 35-year-old man was treated for wounds caused by a pellet gun.
READ MORE: Arrest made after three injured in ‘firearm’ and stabbing incident in Ilford
“They were taken to hospital by the London Ambulance Service following the incident, where their injuries were confirmed to be non-life-threatening or life-changing.
“The suspect is also in hospital for injuries sustained during the altercation. The severity of which are yet to be confirmed.
“Officers believe this is an isolated incident and are not looking for any other suspects. A crime scene remains in place while initial inquiries are conducted.”
