Tricap Buys Apartment Building at 4740-­48 S. Greenwood Ave.

As seen in Crain’s Chicago Business and Globestreet.com

CHICAGO­ – Tricap Chicago LLC, an apartment rehabber, has bought an apartment building consisting 31 units at 4740-­48 S. Greenwood Ave. for about $1.3 million. The Chicago-­based firm owns approximately 500 units in Chicago.

A trust that records June DeSimone as the managing member was the seller. Tricap obtained over $2.5 million in loans from Chicago­-based Community Investment Corp. The renovation is slated to be finished by next spring. Chicago-­based Kiser Group represented the trust in the deal.

 

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