, 1873-11-02
REAL. ESTATE.
Suburban Lots and Acres Sell
Quicker than Improved Prop
erty Inside,
lIigh Taxes and Low Rents Mako
"Insile" Property Hard
to Sell.
Tho Recent Auction at South Chioago.--
Hinsdale---The Northwest
ern Shops.
Sales in Various Quarters--Trans-
fers for the Week.

cofnn =, Vro r,;<,,,, n,,ortnro rroro
Snles In various <SuarCors--IranS-
fcrs for the Week.
4 1o,,,, t,,a,,,p,u ,r,,, .,,o,,, m .ror,d
s., .1 o.
alto''s 'uc iauniotoub toat o61"'o o"nesa nno
brokors OF this city aud ask about tho condition
Of tho real oHtate market, would bo good doal
puszlcd to form definite opinion about tho
matter. Some would toll him It was " Dull, OK
eoaaivolY aau nothing doing. othorn "onld
toll him that there was u a good business and as
much being done now Ia usual ut this season OF
the yoar more than might naturally bo expootod
~ e1sesu~ ~. eo'N.4s4on - 't"ao "aa nnnuoos
correct, tho explanation being that they rotor to
different ol9sBcs of tropertr, It is fact that
noarlv nil "jnsde" nronorty. whether improycd
~ ,,,,a.,,a a,:a,,,,1a W.. ~aa;.ess
or unlnttoseo' "notnof aSal,aoie 1oi seb'aenco
or business purposes, as prices ranging from
9200 per front foot for residence ground up to
50 900 por front foot for tho boBt business ground
n tha citv IL hnri1 tn aa11 Thera aro fe,y huv.
t'i ~ w 20 uo w osu' @no4o ~ .., ~"
ors OF hlgh@prlceu property now, anu 1t Woula 30
difficult to make forced sales without consider
ab1o reduction of estimated values, On the other
hana 1nw-nriccd nronortv nartcn]ar1v anhur-
nana' ~" A'.s1 " ~ =. s5 ~ sa s..n
pan lots anu aofos,' afp u demand, ana 1ull as
much ia being sold now as usualiat this season
Of the year, tho groat majority OF ltt a8 consider
ably higher prices than tho Bano2propertg could
have been bought for Last apring:H ~
One great cause OF this discrimination against
"inBldo" property is
ExoEsslVE CITY TAXATION;
This falls alike on business anu reH1dence
properly. 1t costs now, on an average, 25 per
ceut Of the rontal OF either rosidonce or Dusl~
.neas building to pay the aggregate Of State
county, and city taxes. For medium
| class Of dwellings,. worth from S6,000
&rC fA~n 1Dirn t7f r. - Inn =
cottages inside the city limits, the proportion OF
taxes to rontalB a not 10 great, but for fine roBi~
dencos and business buildings 1t is, in many
instances, moro than That. Que causo OF this
dispropoftlon Of ta1ea to ront~s at present ID
| LOW nENTs.
In tho rebuilding Of the business district Of
the city tho composition bekWoen different quar-.
tors to seoure tue location Of certain olasses Of
trade induced the erection, not only of a great
many more stores and oftlces than were
over il tho city before, but :, Of much
mure elaborate and expensive buildings IN all
Cases. Even II thero Ind boon no reduction OF
rents fof tae sane sso1ea ana olaeoe On snG same
Pay tue same rase OF interest," On sne invassment'
oeeause tue nallangs havo ainosk Without t,a:. e.
eepon 70 70 oU por Gent mora IN snan ,n'
LUG GU onos; a1a, lu ly 1asarGGs, ~ es
dllnanca Tue prospect OF % 1IctnaGo o. fonsf
proport'onase to Tue con- OF tno oallohgs' and,
on suo uas ~ ~ ~ 49,,
prospect that m9fcnents , VII not Do ao1e 10 pA,
o79n m NJ iIucA 10 tnot " nuM. -. ,o,,.,,
me etrn8ancy OF tua naoa1y nlalAot u cou1at
prevents tne oPioynont OF urge sn1ns o. IL n'on ;'
ey that Won!a othef"lse BOOK '"7es1mea' Ill LII
proved real cstaIe. .,, .,..
from Mr. a: =. Ayeren' who M aeala amoss OK
cluelVeiy m Tug nnoas CLASS o. foslaonceS, W ".
learn that there IL next to to no inquiry At gu fo
taas clahs @ o. h tv faa ;aTaron diG sbot y
VINO Moula ouy, put tney ieet apoa. fa,. ~
u m "1uiu on os puJ o1s4s S .n,,
~ ~ ~ oe Son. ~ nAouor 90 n nt
1sn prscs ana s9olo IL reaAS ~ 1ns aaa s'a
hatGulaI hma ~ F mn ~ 90 mn ooc ~
u"ei!!6n' aa .nre roa5;ir[
tne nouSoo' MVu'u eo'. 90 ~, tuo1o ',I no"1nJ. WIS
sonoAnAM AZ. aoie 49, AonEs' T., .o ,,.au.
Inere ~ III sns :.$ 20 pernns - ~ "rnnls
he. ~ ."n - ,,r!,,I,oa,,,,na av
ing o1u mon, Mao ncvee ta u Ut p1oess rs ns
IRON tue 1nhaslo u 9d'suG .i rsa. ' oa
odsra4o a,0 Ia won1th VIM heyo acanired ali tia
1aey nave oy 1' IL aIat ti'n
lucy acq'llroa II no easliy ana uneSpou1oa5 ~
thoy mover can lu'to poasuau1 1a 70 tha;
sbsowpd shs way Of thnkng, the
out OF foat.osta'e pupp1Sn T.r "en sno'
pfoAss, anu A9p' .1 w. ta4 thst n,,;oa'rn i,o
Wow neTer sooa ~ ~ ;nt .as ooe s ~ tha
steaay Geen ga1" 1;o rn ~ cities @ af rs
/ |
4 world. .,.,.,z. ,,no,,, .s;,a
This CLASS of mon haye Always Retopnaaeq j.
collapse IA snbafpan rear @ ta III 'n,'a n,9 ~
lnye'eao csoaRos o. co,anaa iue w. aa n,ns a9er
knowledge tAas !! suea coaaa.,ae Taa az eS'I mi,
! cou'e.{t would have done 70 mo month ago. In u,
ezperionc0 howe79r Of the bank pane 1n spd T.
commercial cilsi6t nKo tna' y. 'uo % ie y. Aoa! o.
show no suen en9EsI l1h5 Oh +on suon,1o mi}oa fe
tho business censso, aha eneap ps1 s@put1a ~ ~
lots, Hol almost as reaaiiy now ~ nsuaa a. u
season OF tue year. ana II aeema S IaGspuaps at ~, ~
tain TINT. sayings aoposltpls eoulu eos, s,aa aae
money ous o1 tno =, IN o ano
cheap lots at from @zoo 10 @4'ooo oaoo "oo
be moro actlVe snan HOW
Tho recent
AUCTION Ar SOUTH onioAoo
was, "e think, tess OF Tue stIongsh o1 ino n ma
ket for tnis class OF pronorsy unaer sno mo 70
adverse circumstances. ihe woathct thas d!
(Monday} was cold and stolt11ny tre 1,.a 8enes
commercial aud financial OUTLOOK, tnFougho
@$n-+ rjN a