Cashing in on the CHA — a Sun-Times/BGA special Watchdogs report - Slum Lords, such as Diane Gottlieb, Making over $1,900.00 a month per CHICAGO GHETTO APARTMENTS - Time to rebuild highrise projects again!

Chris Fusco, Tim Novak, Mick Dumke and Brett Chase

From her 49th-floor condo at Lake Point Tower, Diane L. Gottlieb oversees a public housing empire that brings her nearly $1 million a year in government-subsidized rent.

Gottlieb, 55, has a growing portfolio of apartments — from swanky digs in a Gold Coast high-rise to rundown buildings on the South Side and the West Side — that she leases to dozens of tenants whose rent is covered in full or in part by the Chicago Housing Authority.

The buildings include a brick three-flat in the 1600 block of South Homan in North Lawndale, one of Chicago’s poorest neighborhoods, that Gottlieb bought three years ago for $30,000 after the property went into foreclosure.

Today, she gets back more than a tenth of her purchase price every month — $3,032 — in rent from that building, with two-thirds of that coming out of federal tax dollars managed by the CHA.

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