1306 Silver St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Nate Evans • eXp Realty-Mahomet
    P: (217)-239-7113 C: (217)-493-9297 nate@thenateevansgroup.com
  2. Listed by Molly Jones • eXp Realty-Mahomet
    P: (217)-239-7113 C: (217)-493-6200 mollyajones205@gmail.com

Property Details for 1306 Silver Street

Area
Urbana
Township
Urbana
Air Conditioning Type
Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 02/06/2026 10:39 PM

Property Details for 1306 Silver Street

StatusNew
MLS #12562906
Days on Market2
Taxes$18,012 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1966
Lot Size0.26 AC / 11,130 SF
CountyChampaign County

Location

Listing Courtesy of eXp Realty-Mahomet
Add your commute

Building Information for 1306 Silver Street

Stories3Residences12Year Built1966Building Size-Lot Size0.26 AC / 11,130 SF

Payment Calculator

$5,766 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,265

Property Taxes

$1,501

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1306 Silver Street

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Separate Meters
  • Heat/Ventilation: Forced Air
  • Num of Baths: 12.0
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 106x105
  • Stories: 3
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2026-02-06T17:32:52
  • Photos Count: 23
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $3,300.00
  • Fuel Expense: $.00
  • Gross Income: $122,400.00
  • Insurance Expense: $7,032.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 8342
  • Net Operating Income: $59,100.00
  • Operating Expense: $41,000.00
  • Other Expense: $2,400.00
  • Trash Expense: $2,000.00
  • Water Sewer Expense: $6,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 11
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1306 Silver Street

DateEvent & SourcePriceAppreciation
Feb 6, 2026

Listed (Active)

MRED #12562906

$875,000
Dec 1, 2021

Sold (Public Record)

Public Record #1477906400

$760,000

+6.0% / yr

Nov 30, 2021

Sold

MRED #11143204

$760,000
Oct 15, 2021

Pending

MRED #11143204

Oct 15, 2021

Listed (Active)

MRED #11143204

$879,900
Oct 14, 2021

Pending

MRED #11143204

Jul 2, 2021

Listed (Active)

MRED #11143204

$879,900
Oct 26, 2010

Sold (Public Record)

Public Record #306400569

$400,000
DateEvent & SourcePrice
02/06/2026

Listed (Active)

MRED #12562906

$875,000
12/01/2021

Sold (Public Record)

Public Record #1477906400

$760,000

+6.0% / yr

11/30/2021

Sold

MRED #11143204

$760,000
10/15/2021

Pending

MRED #11143204

10/15/2021

Listed (Active)

MRED #11143204

$879,900
10/14/2021

Pending

MRED #11143204

07/02/2021

Listed (Active)

MRED #11143204

$879,900
10/26/2010

Sold (Public Record)

Public Record #306400569

$400,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1306 Silver Street

Taxable ValueLand$32,540Additions$153,100Total$185,640
Tax Record2024$19,147 ($1,596 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)CountyCHAMPAIGNAPN932121181020

Schools near 1306 Silver Street

This home is within Urbana School District 116.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Yankee Ridge Elementary School
PublicK to 5

Urbana Middle School
Public6 to 8

Urbana High School
Public9 to 12

Urbana Gerber School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1306 Silver Street is a multi-family home for sale in Urbana, IL 61801. This property was listed for sale on February 6, 2026 by eXp Realty-Mahomet, it's currently listed at $875,000. It has been on the market for a total of 2 days and was last sold on December 1, 2021. This listing's school district is Urbana School District 116. Nearby schools include Yankee Ridge Elementary School, Urbana Middle School and Urbana High School. 1306 Silver Street is a 23-bed, 12-bath, multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty-Mahomet

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 02/06/2026 10:39 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.