Petir Capital · Chicago · Established 2020
Petir Capital buys, renovates and holds apartment buildings, brick and frame, on Chicago's North and West Sides, and has renovated property in Michigan, Indiana, Tennessee, New Hampshire and Arizona.
Our approach
Petir Capital is a Chicago real estate development and holding company. We buy two- to twelve-unit brick and frame buildings, renovate them ourselves, and keep them. Sourcing, construction management, leasing and ownership all sit under one roof — which is why the buildings get put right rather than dressed up.
About Petir CapitalCounts are of buildings and units Petir Capital or its affiliated entities hold as of publication, including the buildings still being renovated. They are not a performance record.
Where to start
Every building Petir holds, under contract or has sold, on the Chicago address grid — with units, neighborhood and the year it was acquired.
View portfolio →Before and after on every renovation: the listing photo from the day we bought it, beside the same building once it was rebuilt and re-let.
See the projects →Who owns Petir Capital, how the buildings are held, and what this company deliberately is not.
How Petir is owned →Why these buildings
The two- to twelve-unit building is the part of the Chicago market we know block by block — and the part large institutions are not set up to buy.
They come to us before they come to market. Twenty years of transacting on the same North and West Side blocks means a good share of what Petir buys is never listed. A seller who wants a quiet, certain closing calls someone they have already closed with.
They are too small for institutions and too much work for most buyers. A six-flat that needs masonry, new systems and a unit reconfiguration is not a fund's deal and not a first-time buyer's either. That gap is where the value sits, and it is the work we actually do.
We manage the construction ourselves. Permits, masonry and framing, plumbing and electrical, kitchens and baths. Petir runs the job rather than handing it to a general contractor and hoping — which is what keeps a renovation from quietly becoming the whole return.
Then we keep them. Renovated buildings are leased, managed and refinanced, not sold. Housing in these neighborhoods is a long hold; the buildings Petir bought first are still the buildings Petir owns.
Ukrainian Village · 6 units · Renovating
Three-storey brick on the Damen corridor. The ground-floor storefront is converting to a live/work unit; the five apartments above are being fully renovated and the masonry restored. Permit set approved January 2026.
Project page →
Roscoe Village · 6 units · Held
Six three-bedroom apartments in Roscoe Village. Renovated in 2023 and professionally managed.
Project page →
Bucktown · 7 units · Held
Seven-unit corner building. Renovated through 2025 and re-leased.
Project page →Notes
Short dated notes on the buildings, newest first. All notes
A 1923 brick five-unit in Irving Park with five outdoor parking spaces, bought off-market in October 2026. The plan: update the apartments, bring rents to market and hold it.
A 1908 brick four-flat with an 1894 coach house and a two-car garage on a corner lot in Lincoln Square, a few doors from a building Petir already renovated on the same street. Closing this autumn; the plan is a full renovation of every apartment and the coach house, then a long hold.
The six-cottage resort on Paw Paw Lake in Coloma, Michigan, bought in 2022 and rebuilt cottage by cottage, is on the market. It has run as a short-stay property since the renovation; the listing is with a commercial brokerage in Southwest Michigan.
Talk to us
Petir buys two- to twelve-unit brick and frame buildings, and will look at one that needs work. Both principals answer their own phones.
What we look for