Value-Add Multifamily Portfolio | 71 Units | Urbana, IL

Highlights:

• Five-Building, 71-Unit Multifamily Portfolio – Located on a single block in Urbana, Illinois, totaling approximately 45,572 square feet across five parcels.
• Value-Add & Stabilization Opportunity – Current portfolio occupancy of approximately 9.86% presents significant lease-up and operational upside.
• Proximity to University of Illinois – Positioned approximately one mile from the University of Illinois Urbana-Champaign, a major demand driver with enrollment exceeding 55,000 students.
• Recent Capital Improvements – Originally constructed in 1969 with partial renovations completed in 2023.
• Efficient Unit Mix – Comprised of 57 one-bedroom and 14 two-bedroom units with sizes ranging from approximately 525 to 785 square feet.

Description:

Ri Marketplace Online Auction April 13th-15th, 2026
Register to bid on Marketplace

https://rimarketplace.com/auction/3065/value-add-multifamily-portfolio-71-units-urbana-il?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_3065

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.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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