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CHICAGO — Tricap Chicago has acquired a 31-unit apartment building at 4740 South Greenwood Ave. in the historic Kenwood neighborhood of Chicago, for $1.2 million. The firm plans to completely gut and remodel the three-story building. The building dates back to the 1920s and is located less than four blocks from the home of Kenwood's best-known residents, President Barack Obama and his wife Michelle. Tricap Chicago expects the apartment building to be ready for lease in the spring of 2013. The seller was a private family estate.