Renovated Multifamily
1306 Silver Street Urbana, IL 61801
For Sale
Contact for pricing
Pending
Fully renovated multifamily property with a 2BR/1BA-focused unit mix and new major building systems throughout.
Property Size12,086 SF
Days on Market104
Property Features for 1306 Silver Street
General Information
Standard status
Pending
Size
12,086 SF
Property subtype
Multifamily
Building Details
Year Built
1966
Listing Agency:
eXp Realty LLC
(217) 239-7113
Listed By:
Nate Evans · License #IL 475124281
Source:
Crexi
Added: Apr 16
Changed: Jul 22
Last Checked: Jul 24 at 1:47PM
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.
1306 Silver Street is a fully renovated multifamily property offering a 12,086-square-foot building with a unit mix dominated by spacious 2BR/1BA apartments. The rehabilitation includes a new roof, all-new windows and exterior doors, new furnaces and air conditioning units, freshly tuckpointed brick exterior, and fully renovated kitchens and bathrooms. Units also feature new appliances.
The property is located in Urbana, Illinois, and is described as a value-add opportunity with current rents remaining below market.
As presented in the offering materials, the property supports an advertised pro forma cap rate near 8.0, with additional NOI growth anticipated as rents are brought to market levels.
The property is located in Urbana, Illinois, and is described as a value-add opportunity with current rents remaining below market.
As presented in the offering materials, the property supports an advertised pro forma cap rate near 8.0, with additional NOI growth anticipated as rents are brought to market levels.
Key Highlights
- 12,086 SF multifamily building built in 1966
- Unit mix is dominated by spacious 2BR/1BA apartments
- New roof, all new windows and exterior doors, and freshly tuckpointed brick exterior
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully renovated multifamily property with a 2BR/1BA-focused unit mix and new major building systems throughout.
Where is this multifamily property located?
The property is located at 1306 Silver Street Urbana, IL.
What are key features of this property?
This property features: 12,086 SF multifamily building built in 1966; Unit mix is dominated by spacious 2BR/1BA apartments; New roof, all new windows and exterior doors, and freshly tuckpointed brick exterior
