Updated Jul 31, 2025
Jasin Alfaro Of Metonic Real Estate Solutions Acquires 39-Unit Multifamily Property In Chicago For $20M
3140 North Clybourn Avenue
$20,000,000
Units
39
Asset Type
MultiFamily
Closing
Jul 28, 2025
About this deal
AI
A 39-unit apartment building located at 3140 North Clybourn Avenue in Chicago has been sold for $20,000,000. The multifamily asset includes modern residential units along with a fitness center and 3,100 square feet of ground-floor retail space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Units: 39
- Price Per Unit: $512,821
- Buyer: Jasin Alfaro - Metonic Real Estate Solutions
- Seller: Seth Halpern - Range Group
- Date of Sale: 07/28/2025
- Market: Chicago
Jasin Alfaro represented Metonic Real Estate Solutions in the transaction, acquiring the property from Seth Halpern who represented Range Group as the seller. The transaction showcases a substantial investment in the Chicago multifamily market.
On the Map
$20,000,000
MultiFamily
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Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93