310 Martin Ave, Naperville, IL 60540
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 2 Beds | 1 Bath | - |
This project has been funded and will begin construction soon.
NEH will also be expanding the facility with the addition of 68 more units in a new five-story structure. The total cost of the project is expected to be approximately $29 million. Construction is scheduled to begin in early 2019 and is estimated to be completed in Spring 2020.
Finding the perfect place to call home is an important and emotional decision. The Martin Avenue Apartments make it easier. They warmly welcome individuals 62 years old or older and those with disabilities who are looking for modern, reasonably priced apartments close to downtown Naperville.
Through their specially designed programs, Martin Avenue Apartments residents enjoy active senior lifestyles. Their proximity to downtown Naperville offers easy access to shopping, doctors, dentists, a hospital, parks and recreational facilities.
Since Martin Ave Apartments participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $23,200 / year | $26,500 / year | $29,800 / year | $33,100 / year |
| 50% AMI for LIHTC Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year |
| 50% AMI for PBRA Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year |
| 80% AMI for PBRA Units | $61,800 / year | $70,600 / year | $79,450 / year | $88,250 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Martin Ave Apartments have a waiting list?
Martin Ave Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Martin Ave Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Martin Ave Apartments?
Martin Ave Apartments is managed by Evergreen Real Estate Group headquartered in Chicago, IL.
In addition to Martin Ave Apartments, how many other affordable housing properties (and units) are there in Naperville?
In addition to Martin Ave Apartments, we list 16 other affordable properties in Naperville. Learn about these properties here. Our data research shows that there are a total of 502 affordable units in Naperville.
When was the Martin Ave Apartments listing last updated?
Martin Ave Apartments listing on Affordable Housing Online was last updated on 03/06/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
787 Inland Circle #101, Naperville, Illinois 60563
Looking for landlords who will take a Section 8 voucher?
Ask your housing authority if they have a list of landlords who accept Section 8 Housing Choice Vouchers.Bri-Anna Barbosa says:
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