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S2 Capital Acquires 344-Unit Ovaltine Apartments in Villa Park, Illinois
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S2 Capital Acquires 344-Unit Ovaltine Apartments in Villa Park, Illinois
VILLA PARK, ILL. — S2 Capital has acquired Ovaltine Apartments, a 344-unit multifamily property in the western Chicago suburb of Villa Park. The acquisition marks the firm’s first investment in the greater Chicago area. Originally converted from the historic Ovaltine chocolate factory in 2001, Ovaltine Apartments offers loft-style units. The property’s average occupancy has remained above 95 percent since January 2024. Approximately 98 percent o…
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