# 1306 Silver Street, Urbana, IL 61801

> **TL;DR:** 23bd/0ba residential multi family, $875,000, built 1966.
> A/C. Est. $3,792/mo. Listed 63 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $875,000 |
| Bedrooms | 23 |
| Year Built | 1966 |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 63 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,792 |
| **Total** | **$3,792** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1966
- 3 stories

## Description

### Agent Description
1306 Silver Street presents a fully renovated, value-add multifamily opportunity in the heart of Urbana, Illinois. The 12,086 square foot property features a highly desirable unit mix dominated by spacious 2BR/1BA apartments, a format that continues to experience strong and consistent demand throughout the Champaign-Urbana rental market. The building has undergone a complete rehabilitation, significantly reducing near- and long-term capital expenditure risk. Improvements include 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 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 from day one. At the asking price, 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 well-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.

## Location

- **Address:** 1306 Silver Street, Urbana, IL 61801
- **County:** Champaign
- **Coordinates:** 40.091722, -88.192126
- **Google Maps:** https://www.google.com/maps?q=40.091722,-88.192126

## Listing Agent

- **Name:** Nate Evans
- **Brokerage:** eXp Realty-Mahomet
- **Phone:** (888) 574-9405
- **Email:** nate@thenateevansgroup.com

## Primary Photo

![1306 Silver Street - Primary Photo](http://lh.rdcpix.com/bf7dc64dabad4f37024ea0e47ff055e9l-f368227838r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/1306-silver-street-urbana-il-61801-12562906)*

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**MLS#:** 12562906 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1306-silver-street-urbana-il-61801-12562906)

---

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