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S2 Capital Acquires Ovaltine Apartments Multifamily Community In Villa Park For 344 Units
SOLD
Illinois
See Similar DealsMultiFamily
Sold 12/22/2025
SOLD
S2 Capital Acquires Ovaltine Apartments Multifamily Community In Villa Park For 344 Units
1 Ovaltine Court
See Similar DealsMultiFamily
Sold 12/22/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The Ovaltine Apartments, a converted property from the historic Ovaltine Chocolate Factory, is a multifamily residential community located at 1-113 Ovaltine Court in Villa Park, Illinois. This garden and loft-style community features 344 units, providing value-add potential with high occupancy rates and strong rent growth, while a significant portion of the units remain unrenovated.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 1-113 Ovaltine Court
- Market: Villa Park
- Units: 344
- Buyer: Scott Everett & Cole Stephens - S2 Capital
S2 Capital's acquisition marks its first investment in the Chicago area, reflecting a strategic move into a new market segment. The deal involved key figures Scott Everett and Cole Stephens, who successfully led the transaction on behalf of S2 Capital.
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