, 1870-12-18
REAi. ESTATE,
4steh Prices for Lona n, 1lc
SDnsh Parks.
Prcgress of the Commissioners il
Securing the Lands, i,
Improvement i. Of Lake und
Other Purks within tho
City Limits.
Real Es.ato Market, and Transfers for
tho Week.

: The Sooth Paxk Commissioners seern To haze
come nearly to 3 s1And-stlu Ia the purchase OF
lznt for tho South Psrks, owing 70 the exofh!tant
prices demanded; and. whtle the Improvement Of
the parks viii probably not be entirely suspended,
1t secins likely that few tadTsdua1s viii get four
OF nye times ~ much for their land ~ tho Com
misasoners hare paid for lena that waa really
worth good deal the most
The North Pa.k, )" or, Is It Is also called. the
+west Park, = Of the TWO South Parts. VIZ, the
one which begtna al Fifty yarat street tfoE. scpa-
rttels, these pAfn arc ainost ~ nAtne-
lss' 49, any Gnaisesassed cosf,aa sssoa
g. .e .ao or sas anegns NJ st see Sass
haye bought 80 acres. They benan year ago
b. the pufchaAe Of snip Of niteea sores, ex-
III ". @ ses1Iy ise aaest isnd Eitata the tsan:
dariea Of the park, the most Of It being h!Rn and
dry: and, belrE nearer 10 the city thsn any other
vainsbie. Thia atteen screa vas bon9at for
south of Il, though not 20 well located, nor 50
Nv u sui,, at 1: t:eashi @ I Il ~ s.n Der 1a sere.
Joining trscs, amounting ia III . shout
81, 100 pr acre, The Commissioners then turned
theie attention to the south end ot the PARK, and
succeeded 10 b1yl1R a11 tnat part Of the pa1t land
Ing To 20 acre., At An average price Of 80 per
Ten ssses q ~ hsxs iast bseu ga.aa:aed q p.
jo,1tne ten zeTcs Is bought = 9, 20 pr sefe,
aud for the Eetn2tnder, the Ideas Of the ho'.ters
sem oSe ae se e e tTsn, nc mose sa7a2
condemned according TO Law, aud the Cornmls
ftoners appointed By the Court, appraised
1 ,ez e s.n se%e sS sSs payneds r. Rai7 Il ss{ sPss{
price md appeal to the couFA For another
Iract Of rwentJ one acrt the owner haa gone INTO
991 and 5a1y 81. n.s ~ aTaaed M ps, 1T E
that the price aemsodtd for ths remaining iands
Talaase % % isad | ycar 40. RI The * idess % of lsnd
1wness, turtee. and also Of the commissioners ap-
pointed BY the co9rts TO apptaise lana tba. can
Rca,e, governed onlJ BY the ahility Of the 1:ark
setasr he facs thss I'll Il this Ind hsd nj peen
Sor,S @ over s, 80 per acre. ia ,he other hand.
II ia estimate d that the property frunnr2 On and
1yln9 adjacent to the South Parks and boulcyafds
has ldy been benefited fifteen millions Of DOL
lar1: that there Is much more than th1t difference
In the prices asked fns the lands benefited BY the
parks than wAs asked ior the same lands two
these lands cao n51rd to paJ. Tnia seems to be
prtces Tor tho lands, Ii Is nos claimed. however,
been tsi Il expeIfeneed by nv other shau tie lands
fonting on and Immediately adjoining the parks
and boaleEArts, and while these lands In the town
four O. I'VE times Al much Tor iands Tor tue parks,
the citizens Of South Chicago. who arc also taxed
to pay for them, and to pay tor the Improvement
Tie asonih palk Of the two 5 .nta farka, or
The "East PARK r--if that makes this ridiculous
tumble OF the points OF the coMpass any more IN.
IeI!!gthIe to tho re2def-Cont&ins $50 acres, md
has frontage on the lake OF nearly mile aud
three-guarteTk OF this 800 acres The Commissioner
have purchased 40 acseB. at an average cost Of
Jet 1t this Id ares Is secured without any such
hindrarces Al are nov being experienced IN the
care q tne oshes psrs ths . w9:k @ Of Improvement
NAMES FOR Tux rARKa
Finally. on the subject Of these rssks. II The
fancy Of the Park comm!saioners Is sisaled nS ths
! they give the nrst one Of the txe
;asaa as pfss ts .as S' e r. e. iaas
one, The romantic name of tae "sontn-bJ- -EasI
South ParE.r But even these nAnes, while tae1
Is Inc spirit shown in the naming Of 80 many 0
our streets after those Of eome othcr city, Ehlcl
lhus tuIus Wells street Into :. Fifth aTcnue, ant
wants 70 turn ~ name of sfa'e ssssss waisl
70 ana New York. -
| INrRoyKNkSf OF LAKE. AID OTHER rARKE >,
Irs Nsta Annqs. Kspo o. ths noa o.
eight paris, VIZ: L1ncola< Washington, Union
Jefferson, Vernon. Elle. Dearbotn. "a aad a. Lske s
. = FL p'ns
After Lincoln Park, the most important WORK Il
this line being done under the direction OF g
board IL that ia Lake Park. This park II \ Eth
| about 500 feet wide and over mile in length
ID length Is parallel with the orRua1 shora OF n
lake, and the outer OF eastern half Of It extend
into the lake 10 the pllinG which supports n
railroad track. The plan ct Improvement adopte
by the board ia to excavate large portion Of u
earth from the present lake shore and Ill up DEL
| to the railroad track along the entire easter
| front Of the patk. thus making walks and oEns
| mental Rfpurd6 out near the uhck, md maxim
| m Interior strip OF otnAmeut3l wAteF, exteudln
! fIcn Park How to Madison street.
R1AL ESTATE AARKEs
| There wa8 nothing unusual N connection VII
| tie real estate market Tits week. The tArRe II
| crease IN the ioottnHa OF the transfers thls wes
| over last, Is due to The conveyance Of tract I
| Rrpurd on S5ulh Clark street, b5 the Chicago
Rock Island Railroad Company 10 The ChicaG
Rock Island pucinc Company. the considerable
| being over <38t, ,0On -.. -
The valuable business location on tho northTe
| corner OF State and Madison Streets being 6S ft
on The Il YeI and 10 on the latter WAS le4 ed IA
wctk as follows: The lease paying $4,000 tot 7
building and ff0,dfD per Anpum for the Erpuu
snbiect to a revAtuataon and ground rent At p
! cent on such valuation after ten yeasE-
TRANSACTIONS DURING TIE WEEK.
The following table shows the volume aud {e
depcy Of Transactions in real estate situated wlt
In 4 radius extending tcyen miles froH the Cor
Holfse. duripg TIC week ending December H. I
| aggregate volume In each direction. and The To-
Id al, being compared with the same for tho
/ +,@rr1H f-R%