, 1869-04-11
REAL EsTAH.
Real Estate TrnAe OF the Wcck-Cu.
PabtliStea Of the CitY for Ia
cFcasinE Fopuk0tton-South
PARK Conn MSa&l0nEEkA

1t has been shown more clearly daring the past
wees thsn pernap ever be1ore, whSt IS tne real
Strength and suppart Of the real est4te mxsSet IN
Chicago Spectators Ia large tacs and In out
aoe landa haye been compelled to ceaAe OPERA
nons to Qt1t extent on account Of the extreme
s1snzeneJ Of money In Al tbs principal cities Of
The coUnuJ, and numbe1 Of trades Tor AsBe
amounts Of property are now hanging inoosopleted.
for no othcf rcason In the world than the general
scarcity of money. But while the txhtueas Of the
money MARKET has checked tho actual hanzte11tng
Of real eatste In large E7cta, confidence IN 1t "a
the mo<s profitable investment hM
been tncrcas1nH. and tha el2ss OF
buyesa whom the general money ma,srt does not
effect, are bustug more than ever. Thesa IRE the
pu1rhasess ct Enz1e lots fot honea, IN districts
where property beAr1 low price, persons who
h2rc had money Lid Aw1y IN sl1ail Euns Of few
nundredA q, At mo6t OF one or ITO thousand
dollars, md whe, when they euy, buy to keep for
Use AID not to speculate. The effect ef this tiass
Of purchases on the Aggregate Of the transfers for
the week u shown tn tic tact that, While the uuu1-
bes Of uansfe1s hss considerably Increased, the
average vslce Of property conveyed BY escn trans
fer Is less than A,oo0, while during the previous
week 1t w1s over 5000
The inquiry for 1oE-prteed lots In the southwest
quarter Of tae city, northwest Of the South Brau:h
Of the nvc. and also for the kaae kind Of properly
In nngie lots tn the new Subdivisions IN the neigh
SOtAQpA " VIC &912lu I3AH uH4 44GAAlJ WEEEESt4-
Lots are now selling In Eg1nda1e aod that vicinity,
At from - to 10 per loot, that could hsve been
bought aEt fall for from 40 to us and single lo
In the village Of Hyde Pa1k, Ut prices ranging now
fsom - to 10 Per foot, for property that Was
held At lesA than half that prtce laAt Oil
The lind Of properly above referred to Is gener.
ally spoken Of AZ ~away ont IN the country, d" and
ns 70 far In advance OF the growth Of Hne city thAt
IL Availability As residence property was loden-
riiely remote tn the furure. In the sAme WAY
the "mtlea and miles" Of boulevard and
park fronts are spoken Of as "too exten-
61ye' fot occupancy during the next
decade Most persons m2kc these observations
and get these impressions about the1lnlmense sur-
! Plus of uooccup!edlg gsoond without making any
actual calculations on the subject and to auca VIC
oelIeve some hgures showing the population that
! certain distucB will accommodate viii be = sur-
prtse. The South Division viii perhaps An4wee
| best for such m estimate, a tts limits aFe more
| clearly defined Those who VIII take the city nap
And measure viii ind that tae ~hoah frontage, on
both the east and west parts Of tho South Pa1t.
| and Of the bo1lcyArd connecting them, Is lust
eight miles, or s, ,9lo feet On Drtxel and Kanka-
kee avenues, arter they aro wtdened, in accord
anee with the HpeclocatIons OF the South
PH1k bill, there NIL be seven miles Of
| frontage, or A9s0 feet Thus, all the
park and bouleTa1d frontage lying east Of stase
street VII be s9,96o feet From this Ghould be de-
Quoted II least one-tenth for the intefsectng
streets and ae|s, tearing s1.aso feet Of available
frontage, equal to ssso lots Of s5 feet f1ont each.
Now, Il We take the most densely populated dis.
ts1cts oI any considerable size, criterion and
estimate four pe1aons to each a5-foot lot, nud
I that aN these "e1senstye" park and boulevard
fronts viii only accommodate H. 400 people, leha
than Ia being added To The whole population of the
I city eaeh year.
But 1t nay be said that this Is only IN estimate
OF the capabilities Of the park and bouleyasl front:
alone, and that the side streets and parallel street,
! would still leave laEge tracts OF un0ccuptcd teU1
toEy. Let ps, then. make an estimate IN smother
way: In tic district enclosed BY State street OF
the west, Twenty second erect on the north, JUNO
| ton ayelue on the south, aud the lake ahotc OF
the east there are something Iesa than eight sqna
, . miles. With $40 acres to the square mile, thi
would make 4 10 acres. From this shonld be dc
| dncted t,31 acyes taken up In parfs, boutevards
and other public grounds, not streets and ai1eys
leaving s,a:0 acres. In tic way thss lots are usu
ally laid OFT In this city, IN bere viii eus Up inss
r nine lots Of twenty-five feet each and }eave rooI
7 Tor the streets and alleys besides. This 1oul
give s. $50 lots OF trenIyrve feet frnui each, Nh
II We calculate four person8 to lot 1t will be see
= | that the whole district Will accommodate onl
III 10 people, and though In this estimate no q
loNance Is made for the Space 10 be occupied b
4 stores, shops md public buildings, which woul
I GG1NRA1 l1E EnIAuGI kQn@ lQS Wu8d A14t1lEh WuA
accommodate, even II as thickly populated as est
mated, 70 about 1ea.o 200.
4 When II il considered that great portion Of III
district already built upon, and that II Is one
a the choices, residence districts Of the city. NJ
!. can doubt that Il viii contain the 1aA6oo poop
h within Heren Of eight JtA1s Vi fnI1he4t
FFpm these dgures 1t wt1l be seen that We have nj
= 80 much surplus territory as some have imagine
e Great interest Is now being iels In the questte
: Of Park Commissioners, nnd great many uam'
Q arc heiuR mentioned In regard to thoes far Il
: West Side rark, He hear o{ 10 alA.s1 yet but
Il I connection with the tve Commissioners for I,
y South Fark. the following arr the most proIntnel
. nsnes: John II. Wilson. Geo ". Gage, L B. 81
way, Potter Primer, Paul Cornell, Charles C1caye
i. chas G.,Wkker, Chauncey Bowen, Geo.C- Wake
= No reasonable objection could possibly be n1st
ts 70 any Of hesc gentlemen, and the probability
that the only titnculy wili be TO get Eve ont Of t
~ u!ne who viii assume the responsibilities Of I
Is ONCE. They arc, however, inst such men - .
>. wanied IN taose otneca, and It Is to be hoped
u Governors appointments viii b selected ttc
:, men OF this stripe
q The following table shows the volume and v
depcy Of transactions ta real estata situate witt
1e q radius extending sevcu miles from the Coz
~ House, during the wecr ending April II, the ngg
y Rntc yalnc In cach direction, and the total In
being compared with the sa1ne for last week: