, 1872-12-29
REAL ESTATE,
An Increase Of Capital from
Abroad for Invest
ment,
Some Important Sales Of Bus
mess and Residence
Property.
Great Land Claims in This and
Other Cities.
The Progress Of Eotable Bui|dings.--
Transfers for the Week.

The volume of real estate transfers has boon
diminishing from week to week, and for the |
past week has been smaller than in any SIM
liar period for year or two. It is apparent,
however, thattho inquiry for property from in
vestors is increasing. Within the last few weeks
the amount Of Eastern money offered hero for
loan Oh 1enl estate has increased largely, aud
this is pretty sure indication that the amount
offered for Investment in the fee Of land, by
tua1 purchase, is increasing also.
SALES OF VALUABLE BUSINESS PROPERTY.
Among the transfers in our daily list, few
days ago waa one for q very valuable piece Of
property fronting on Madison and Clark streets.
The lot, which is in the shape of IN L, has 8
north frontage of 50 feet On Madison street, OK
tending back SO feet and 93-100, and an east
front Of 25I5 feet on Clark street, extending
back 1875 feet. The lot originally included the
southwest corner Of Clark and Madison streets,
and hnd frontage of 5o!@ feet on Clark, by l26
stands tho building occupied by the National
Bank Of Commerce (25x7G feet) WAS sold, leav-
lug tho L-shaped lot, just sold to Messrs. Brown
Brothers. Of this city, for tho sum Of
foot. Tho sa'o is q clean transaction, the entire
price being in money and time payments, and is
the highest price ever paid for any ground in
chicago. But even thus Prlce IS stu 1ar below
the prices OF business property III Eastern cities,
cells at $50 to SEQ per square foot, to say moth
inG about New York, where It sells for still
sod for sod for
and much comment was made then on the price,
which, to few old fogios who had a stereo-
was considered very high. The dis
aster OF October, ISL, however, proved
that chicago had much ;coro substantial basis
for prosperity than it h.d ever received credit
for. IN the case OF this particular 1os, the nro
was nenen1, as IL !%s tno u;eans VI 1losiIg
come OF the best business locations considerably
Teat OF the old cGntrea: :7 IHe purehasera Of the
q marni6cent fye-story building OF which both
tha Gar1 end 1rea;son 81 -ect fronta viii ha en-.
structcd more largely c. plate glass than q, any
2t4er nuang n tne csy In ine % enttEe bu,ang
in the United States, and will bo kept by
Messrs. Woolworth & Wentworth, now OF the
Briggs House. There will be q gent1eaner's
dinlng-roon with its front and entrance on the
ground door on Clark street, and ladies' dip-
ing-room, to occupy the entire Madison street
front on the ground floor. The basement will
be used for kitchens, laundries and other offices
Of the restaurant, and the upper rooms for prl-
7ato dining and banqueting rooms:,
Messrs. v. D. kerfoot L Co., who negotiated
the sale Of the above valuable property, have
made sales OF real estate during tho last al1
weeks. to tho aggregate amount Of $316, 600,
more than half Of which was. for first-class
business property, and among which is another
Clark atreet 1ot being 251S0 on the east side Of
Clark street, las feet south OF Madison, and on
which is . good three story marble-front build
ing, for 900. -.-
PRICES m VARIOUS QUARTERS.
As Indications OF tue range OF prices OF
"inside " property in various parts OF tho city,
We select { few lots from the transfers Of the
last few woekB which are known to be on regu-
lar terms OF money and tlmo payments, and DO
not include any "swaps." aa is sometimes the
case:
30 #, IN North Dearborn, near Goethe SO, 500
6s11o9 it., cor Clinton and DcKoycn. 1000
65x1o4 IT,, North 1asalle and Western az. 5000
1oox2o3 f., cor Mest Lake and QgesbY: Y:.... 6'2oo '
IT, eG nV ann ndx s, o
L. "nm ~ oD ne1 nm
| so1ioo It. on Juie. near Hastei. ......... 9'Cco
| 6O1l0o it, West Harrison near Robcy 2a00
251l50 IT, Harrison near Aberdeen with house) 1850
4o1110 it. on aalsted, near Luke: e:.......--- 6,10o