• Over the past five years, Aventine has received an investment of $5.6 million for apartment renovations and exteriors/common area improvements. The curb-appeal is excellent, and all apartments have private entries, washers/dryers, nine-foot ceilings, large floorplans, and numerous windows providing additional natural light.

• The seller has completed a moderate renovation of 70% of the apartment interiors. Hayman’s renovation of the 144 classic apartments will include new counters, stainless-steel appliances, classic backsplash, faux-wood flooring, modern lighting, levered door hardware, two-tone paint, and two-inch blinds.  

• Hayman Company will invest an additional $3 million in the amenities and exterior/common areas to further enhance the curb appeal and attractiveness of Aventine. Aventine’s amenities include a large, modernized clubhouse, large fitness center, indoor pool, outdoor pool, grilling area, playground, and bark park.

• Residents of Aventine enjoy outstanding schools (Indian Prairie/Naperville 204), quick access to major employers, successful retail centers, suburban downtowns (restaurants and entertainment), highways (I-88, I-355, and I-294), and commuter rail to downtown Chicago. 

• The in-fill location, with high barriers to entry, has limited new supply that possesses rents hundreds of dollars higher than the proforma, post-renovation rents for Aventine. Most apartment communities in the submarket have institutional owners who continually invest in and maintain their properties.

• High household incomes ($107,000) and home values ($317,000) in a one-mile radius.