1306 Silver Street Urbana, IL 61801
- Added:
- Feb 6, 2026
- Days on Market:
- 55
- Last Refresh:
- Apr 2 at 1:06 am
Property Features for 1306 Silver Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 23
- Rooms
- Bedroom 12, Bedroom 5, Bedroom 14, Bedroom 13, Bedroom 22, Bathroom 2, Bathroom 8, Bathroom 9, Bedroom 9, Bedroom 23, Bedroom 4, Bathroom 6, Bathroom 7, Bedroom 15, Bathroom 10, Bathroom 11, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 20, Bedroom 17, Bedroom 21, Bedroom 8, Bedroom 7, Bedroom 18, Bedroom 2, Bedroom 10, Bathroom 5, Bedroom 1, Bathroom 12, Bathroom 4, Bedroom 6, Bedroom 11, Bedroom 16, Bedroom 19
- Standard status
- Active
- APN
- 932121181020
- Size
- 12,086 SF
Taxes and HOA fees
- TaxYear
- 2024
- TaxDescription
- Lot 541 Ennis Ridge 6th Sub
- TaxAnnualAmount
- 18012
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1966
- Floors in Building
- 3
- Number of units
- 12
Listing agent Nate Evans License #475124281 (888) 574-9405
Listing office eXp Realty-Mahomet 501 E Main, Chicago, IL (217) 239-7113
Listing date Feb 6, 2026
MLS# 12562906
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Multifamily Property in Urbana
The property at 1306 Silver Street is a fully renovated multifamily opportunity located in Urbana, Illinois. This 12,086 square foot property features a unit mix dominated by spacious 2BR/1BA apartments, a format that experiences strong and consistent demand throughout the Champaign-Urbana rental market. The building has undergone a complete rehabilitation, reducing near- and long-term capital expenditure risk. Improvements include a new roof, new windows and exterior doors, new furnaces and air conditioning units, a freshly tuckpointed brick exterior, and fully renovated kitchens and bathrooms throughout. All units feature new appliances, creating a modern, move-in-ready offering for tenants. Current rents remain below market, providing immediate upside through rent stabilization while still delivering solid in-place cash flow. The property supports an advertised pro forma cap rate near 8.0 rate, with additional NOI growth achievable as rents are brought to market levels. This offering is suited for both first-time multifamily investors and experienced operators seeking a turnkey asset with strong fundamentals, limited deferred maintenance, and clear income growth potential in a stable, institutionally supported market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.192126
- Latitude
- 40.091722
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully renovated multifamily property with immediate upside in Urbana, Illinois.
Where is this apartment building located?
The property is located at 1306 Silver Street Urbana, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully renovated property significantly reducing capital expenditure risk.; High‑demand unit mix of spacious 2BR/1BA apartments.; Immediate upside through rent stabilization with below‑market rents.
