, 1873-05-25
IL ! :
. Smaller Volume Of Sales Of Land,
: but Greater Activity in i; L; :
Building. , ga:
Two Lines Of. Buildings Gradually
Inolosing the South Park i
4 Residence District Destined to; Be
Is: Filled with First-c|ass u =,
Buildings. r.; ~:
Sale of Central Business Prop
erty--The Lincoln Park
Assessment. :~."' 7-o

.
.-----. . u.
The Lacon. Railroad---Tr Transfers for The
Week. - :-s > q. j! !!
- @-------, ..-Z-.'.
The volume of business in real estete has been
:. smaller duning the past week than the previous
one. and it is probable that as far as large trans
actions in Gcres and in suburban lands generally
are concerned, the heaviest business is over.
The advent Of pleasanter weather, and probably
also the drawing Of q large numbe OF strangers
here to the jubilee On the 5th Of next month";
will help to revive speculation and inVestment to
Some extent. But for the rest OF the Summer
the sale of property viii consist more largely OF
transactions in small lots for actua occupation
by the purchasers. The volume OF business
ID therefore likely to be smaller, but OF
a moro legitimate character than during
the last three months. As mentioned
last week, the quarters where there is the great
est activity in the purchase of lots at from $500
to 81 800 each arc around the Western limits Of
building improvements nll the way from the
district around Humboldt Park around to the
Stock Yards and down to Englewood. The latter
place is growing with wonderful rapidity, and =
long, scattering line Of fifty or sixty new,wooden
cottages is being pushed northward between Hal
sted street and the Rock Island Railroad, to meet
another similar one that is being pushed south
ward from the vicinity OF the Stock Yards, These
twolipes Of improvement will soon meet about the
Tifty~hfth street boulevard which, by tho way,
is being improved With fine graveled roadway
into the Town Of Lake--so that year hence the
line of building improvements will be continu-
GUS all the way, and Englewood Will seem much
less remote and disconnected with the city than
nov. Following the line OF the suburban trains
On the Fort Wayne and Michigan Southern Rail
roads the line of improvements Is also progress
ing southeastward toward Cornell to meet there
another line that is following the suburban
trains Of the Illinois Central down from Hyde
Park. Between the two lines Of i'm
prorement meeting at Cornell there is
. nar1ow strip Of property averaging nearly
half mile vide, extending from near Thirty
frat street; south to Seventy-ffth street, and
lying next west Of the South Park and Bou1e-
Yards, that has not improved much, because the
land is owned by capitalists who have held it for
the investment. But this spring there are in
dications Of X =
4 SUPERIOR GLASS OF IxPRovEfEST5
beginning in the whole of this district. The
most northern portion Of, it lies between Thirty
first and Thirty-dfth streets, and extends east
and west from Forrest avenue to Cottage Grove
syenue In this area not less than fifty good
brick and etone-front dwellings,: hare been
erected within the past year, and We
hear Of Is many more of even .
better class to be erected there this
summer. Among them are the following for
which the contracts have been let, and building
will begin within week or two:21
Nine brown stone octagon fronts, each two
Btories and basement. on the northeast corner
Of Rock Island avenue ana Thirty=third street
(porth 'front.', east Of Cottage Gt6ve avenue.
. Two marble fronts on Vernon Avenue (for-
me1ly Colfa3 aveuue), ut 1hirty=fourth street. :
Two marble fronts On South Park avenue, fifty
feet south OF Thirty ty-second street, l.:
Two marble fronts on Calumet avenue, just
south Of Thirty street.
Four two-story and basement bricks On For
rest avenue, just north Of Thi1t second street:
Besides the above, there are . number Of
single houses Of the same, or eren better class,
that will be in PROCESS Of erection in tile same
vicinity this summer :Thirty-frst street has
been ordered paved from State street to Cottage
Grove, and bids fair to become q business street,
which Will divide the noighborhood in question
from the one north Of it. :,
Further south, Mr. q. E. Pickett has made
arrangements for building tUenty-two handsome
stene:front @ Dwellings on Prairie avenue, north
On the Grand Boulevard Messrs. Allen Bart
lett (builders) have bought rs feet east front
Just eouth Of Forty-second street, at 1900 per
front foot and are to build there three very fine
brown stone fronts to cost over 800. 900 each:
On Michigan avenue, 1875 feet south Of Fotteth
street, Mr.. ". 81. Derby has sold lot on the
which the purchasers are under contract to build
thia summer. .-:
on TIE NORTH SIDE Fl. -
the activity in sales OF lots and in improve
north Of that is nearly all west Of Clark street.
The decision of the Court on Friday in favor
Of the Lincoln Park assessments does not
By any means settle the question. The par
ties who are coatesting: this assessment
ire firmly convinced that the assessment is not
only illegal, but that there il "a ring " init.
How much foundation there may be for this we
do not presume to say, but it at least apparent
that the opponents Of tho scheme mean to fight
It tout on that line, and will carry the case up to
:. TIE CHICAGO LAND coMANx::;2
are selling great many lots In their new gubdi
vision just south Of the Northwestern car-shops,
and there will be great deal Of Improvement IN
he Northwestern Railroad Company and the
Land Company viii do On their own account
TIE WILMINGTON LAcoN RAILROAD COMPANY ,
whose line WAS mentioned few weeks ago as
possible connecting one with. proposed line
through ths centre OF the Town Of Cicero to the
G., B.. i Q: r. B: at the junction Of Twelfth and
Rockwell streets. have. We. understand, made
proposals to the Chicago Laid Company for
nght-of-way directly north from about the line
Of Jackson street through the centre Of the south
half Of Sec. 10, and part Of SEQ: h. to junction
with the Northwestern Railroad at the new car-
shops. -.
IMPROVEMENTS or MILWAUKEE AVENUE:
The paving Of Milwaukee avenue, from Divis-
Ion street to North avenue, 20 long. contemplate
cd, will be commenced about juno !, and COM
pleted by the 1st Of August. As the paving pro-
down double track line, and will run their cars
to North avenue :x
CENTRAL BUaNEss PROPERTY
Is not very easy to dispose of just at present It
Is apparent to everybody that for the immediate
wants OF trade, there is more thAu enough fine
stores, and there is no induooment to build
{pQle iSat a1cant in tha 11l0at