1302, 1304, 1305, & 1401 Silver Street & 2018 Fletcher Street
- Five-building multifamily portfolio totaling 71 residential units across approximately 45,572 square feet
- Located in Urbana, Illinois, adjacent to the University of Illinois Urbana-Champaign, a major demand driver with enrollment exceeding 55,000 students
- Current deferred maintenance and operational inefficiencies present a clear value-add opportunity to enhance cash flow and drive stabilization
Property Description
The Silver Street Portfolio is a five-building multifamily portfolio located in Urbana, Illinois. The portfolio consists of 71 units across approximately 45,572 square feet. The buildings were originally constructed in 1969, underwent partial renovations in 2023, and are situated on five (5) parcels totaling approximately 1.58 acres. The Portfolio includes a mix of two and three story buildings featuring predominantly one-bedroom units with select two-bedroom units, featuring an efficient and desirable unit mix. Unit sizes range from approximately 525 to 785 square feet. The Properties are supported by ample on-site parking with a total of 84 parking spaces. While the Portfolio benefits from a strong location and recent capital improvements, it currently exhibits deferred maintenance and operational upside, presenting an opportunity for investors to complete remaining improvements, enhance operations, and drive long-term value through stabilization.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 71 |
| Year Built: | 1969 |
| Lot Size: | 1.58 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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