Bickerdike Redevelopment Corp. recently held the grand opening for its new Rosa Parks Apartments in Humboldt Park.
The 94-unit project has 1- to 4-bedroom apartments ranging in size from 700 to 1,300 square feet and was built at a cost of $27.2 million.
The cost, at just over $289K a unit, is toward the lower range of other recently-built “affordable” housing projects in Chicago. That’s a completely outrageous number for the size of the units and the project’s location when benchmarked against what private developers build for the conventional market. But then, private developers have a far smaller number of fee-swilling poverty-pimp pigs at their trough.
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