Affordable Chicago

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Affordable Chicago

Jacob da Builder takes Bronzeville by storm

Chances are, if you’ve taken a drive through Bronzeville recently, the name “Jacob da Builder” sounds somewhat familiar. Our partner, Frank Montro sat down with Jacob Dochee so we could get a feel for how he’s changing the historic Bronzeville housing market.

The real estate developer, in an interview with Chicago Mag talks about his upcoming projects and how he sees Bronevilles future delevopment:

A lot of people say I should go up North because my look is a nice North Side look. But this is already happening all over up there. What am I gonna prove? I like this area because it has a lot of potential. I’m from the area, down at 49th. My father owned a lot of buildings in Bronzeville—hundreds of homes—doing REOs in the 1960s. He was buying Greystones for $2,000, $1,500. If he bought a few, the mayor would give him extra lots to redevelop for a buck.

Other developers get mad at me for selling cheap, calling me up saying I’m driving the market down. It’s not really about that for me. I believe in selling homes to families and leaving equity in there. That wasn’t happening when the market crashed. My competitors are selling similar homes for $200,000 more than mine. They sit on the market longer, but do eventually sell. I believe in leaving $100,000 to $150,000 in homes instead of maxing out and sucking everything out of a deal. 

I love it when people move in these homes and start crying. Sometimes it’s a middle-aged buyer in their first home. I did a two-flat at 7234 South Lafayette. The buyer was 80 years old and never owned a home in her life. She bought it with her daughter, who moved in upstairs.


Affordable Chicago, Get The List

Here’s What $1,500 A Month In Rent Will Get You In Chicago

Apartment hunting can be quite the headache, especially in a city like Chicago where neighborhood is everything and so is your budget. To spare you the cost of anymore pain, we’ve put together a list for those who say “no” to anything more than $1500. 

900 N Lake Shore Dr Apt 2301 — $15001500

Who says corners are for only for timeouts? It just so happens that they’re also for studio apartment with views of the Lake Front.

1400 N Lake Shore Dr Apt 2L — $15001501

Here’s the deal: $1,500 with a 13-month lease. This is one of those charming, vintage 1 bed/1 bath apartment along Lake Shore Drive that has a grocery store, dry cleaners, a salon, party room, a laundry room, a gym, and a rooftop, all at your convenience.

4048 W Patterson Ave Unit 1 — $15001502

This Irving Park location gives us beauty and space on oak and maple floors. There’s a fireplace in the living room, and heats included in the rent.

1911 W Montrose Ave Apt 1 — $14001504

You’ve seen it here first. A vintage, Ravenswood 1-bedroom apartment, doused in original woodwork. There’s one big living room with a separate dining room, a useful sun room, and plenty of closet space. The heats going to be included in the rent, which is always perfect when you think about the brutality of a Chicago winter.

3342 W 19th St Unit 3W — $13001503

Do they come more beautiful than this one? A spacious, modern apartment, 2-bedrooms, 2-full bathrooms, and a balcony.

400 W Deming Pl Apt 1E — $13001505

A 1st-floor studio in Lincoln Park with hardwood floors, two walk-in closets, a breakfast bar, and an updated kitchen new appliances. Heat, gas, basic cable, water and storage comes with the rent!

5402 N Kenmore Ave Apt 3W — $13001506

Gutted and revamped, this courtyard building in Edgewater features a 1 bedroom/1 bathroom due on the top floor. You’ll get a chef’s kitchen, and in-unit washer/dryer, accompanied by hardwood floors. Cannot leave out the storage and private deck.

2401 S Oakley Ave Unit 203 — $12001507

This is a sunny 2 bedroom, 1 Bathroom Condo, with a very large, back deck. To make matters better, it’s only a short distance from the center of everything great about Pilsen.

3253 W Lawrence Ave Apt 3B — $12001508

This 2-bedroom condo with 1-full bath was recently rehabbed. Outside of a great location and its modern updates, there’s a washer and dryer inside.

639-655 W Grace St, Chicago — $1180 – $12801509

An apartment here will run you as low as $1180 and up to $1280, which by far, isn’t a bad buy at all. Enjoy an updated kitchen, hardwood floors, a 24-hr fitness center, and the East Lakeview neighborhood.