S2 Capital Acquires Ovaltine Apartments Multifamily Community In Villa Park For 344 Units

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.