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12-Unit Apartment Building
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1304 Silver Street, Urbana, IL 61801

Professionally managed residential property with one-bedroom layouts and access to downtown, the university campus, and local transit.

Property SizeContact for details
Days on Market142

Property Features for 1304 Silver Street

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 12 x 1BR/1BA
Multifamily Units 12

Additional Details

Public Transit Yes

Building Details

Buildings 1
Listing Agency: eXp Realty LLC
Listed By: Nate Evans · License #IL 475124281
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 4:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC

Investment Insights

Based on property information with market context.

This professionally managed apartment property contains 12 residential units, each configured with one bedroom and one bathroom. The apartments measure approximately 525 square feet, offering a consistent floor plan across the building.

The property is positioned near Silver Street and Fletcher Avenue in Urbana, Illinois, with convenient access to downtown Urbana, the University of Illinois campus, and nearby transit. Its location supports residents seeking proximity to the city center, campus destinations, and public transportation.

Key Highlights

  • 12‑unit apartment building
  • Each apartment includes 1 bedroom and 1 bath
  • Apartments measure approximately 525sq. ft.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Auto Repair Shop Spa & Massage Center Big Box & Wholesale Store Building Supply Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

531
Businesses Nearby

Demographics for 61801, IL

27,658
Population
13,468
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,122
Density / Sq Mi
$37,948
Median Household Income
$26,394
Median Earnings
$950
Median Rent
$184,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Professionally managed residential property with one-bedroom layouts and access to downtown, the university campus, and local transit.
Where is this apartment building located?
The property is located at 1304 Silver Street Urbana, IL.
What are key features of this property?
This property features: 12‑unit apartment building; Each apartment includes 1 bedroom and 1 bath; Apartments measure approximately 525sq. ft.
(217) 239-7113 Call to check price and availability
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