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Silver Street Portfolio 5 Multifamily Properties in Urbana, IL
Investment Highlights
- Five-building portfolio totaling 71 units over five (5) buildings - Motivated Seller
- Clear value-add opportunity via renovations and stabilizations to enhance cash flow and increase ROI
- Located in Urbana, Illinois, adjacent to the University of Illinois Urbana-Champaign, a major demand driver with enrollment exceeding 55,000 students
Executive Summary
Frontline Real Estate Partners, in conjunction with RealINSIGHT Marketplace, is pleased to present the Silver Street Multi-Family Portfolio, a five-building, 71-unit multifamily investment offering significant value-add potential and long-term upside in the Urbana, Illinois market. The portfolio consists of approximately 45,572 square feet across five parcels totaling 1.58 acres, all located along Silver Street and Fletcher Street in close proximity to the University of Illinois Urbana-Champaign. Originally constructed in 1969 and partially renovated in 2023, the properties feature an efficient mix of primarily one-bedroom units with select two-bedroom units.
The portfolio is currently operating at approximately 9.86% occupancy, presenting investors with a rare opportunity to implement a comprehensive lease-up and renovation strategy. Supported by strong regional connectivity and the presence of a major university with enrollment exceeding 55,000 students, the market benefits from steady rental demand driven by students, faculty, healthcare, and research-related employment. Silver Street represents an opportunity to acquire scale in a stabilized university market with the ability to enhance operations, complete deferred improvements, and drive long-term value through strategic repositioning.
Auction Platform Page: https://rimarketplace.com/auction/3065/multifamily/urbana/il
The portfolio is currently operating at approximately 9.86% occupancy, presenting investors with a rare opportunity to implement a comprehensive lease-up and renovation strategy. Supported by strong regional connectivity and the presence of a major university with enrollment exceeding 55,000 students, the market benefits from steady rental demand driven by students, faculty, healthcare, and research-related employment. Silver Street represents an opportunity to acquire scale in a stabilized university market with the ability to enhance operations, complete deferred improvements, and drive long-term value through strategic repositioning.
Auction Platform Page: https://rimarketplace.com/auction/3065/multifamily/urbana/il
Property Facts
| Sale Conditions | Individually For Sale | 0 | |
| Sale Type | Investment | Total Building Size | 45,572 SF |
| Status | Active | Total Land Area | 1.60 AC |
| Number of Properties | 5 |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 45,572 SF |
| Total Land Area | 1.60 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2018 Fletcher St, Urbana, IL 61801 | Multifamily | 16,254 SF | 1969 | - |
| 1305 Silver St, Urbana, IL 61801 | Multifamily | 10,050 SF | 1969 | - |
| 1302 Silver St, Urbana, IL 61801 | Multifamily | 6,500 SF | 1969 | - |
| 1304 Silver St, Urbana, IL 61801 | Multifamily | 6,500 SF | 1969 | - |
| 1401 Silver St, Urbana, IL 61801 | Multifamily | 6,268 SF | 1969 | - |
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Contacts
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Matt Tarshis -
Andrew Rubin -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
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