, 1873-04-14
built II ls impossible to say, as thoro is, au yet
no dolntto or pcrfoctly-organizcl plan for build

Among tho recent salcn Of ncro property vo
glyo tho following INSTANCES as indicative Of val
ues Of acros III varlora qnartcrs:
tract ot swontytwo acroa ssaloi9ing The
twoon Cornell and South Chicago, WA sold this |
wook for s22, 900, viz. el2,500 cash and pay
insults, and 910, 0o0 III Pacific Hotel atools.
Five ncros corner q t un!i5ornH ,o 1n avonue and
Hlx acros in 8ootion 10, two miles west Of tho
city limltB, woro aold for 5000, or 81, ,25o por
aero.
man rvel,uo {WoBt Forty -cighth stroo), woro
sold this yyook for 425,0o0.
D!ocks II and o5 In south Il Of Section 10,
ncar tho Northwestern car;shops, wore sold
Now York, for 100000, being at tho rato OF
fho M northeast and tho southwest qnnrtera Of
SEQ, 10, in Tho Town Of Lako, being mt milo
III few days at $500 por acre.
During tho paat wook twonty acres situated on
the North Branch Of tho South Branch OF Chi
cago River, Just weRt OF tho Dridowoll grounds,
REAL ESTATE RAILROAD r1oKETs.
Tho officers Of tho Chicago & NortAwestern.
nailrond Company aro evidently turning their
ssGn1n ssnass 70 smsr naE to shss p CREATED p e
Hyde Park trains on the, Illinois Cen
til. Ono indication Of this, purpose is
tho plan :, recently establtsh9d Of Issuing
for fares to tho suburban points on tho Nortll-
western noad which arc sold In paokageB OF
100 each, At rates go low TINT they aro, in fact,
almost gratulty to real estate dealers % and pur-
uhaHorB going out to look at suburban 1ota.
TILE DEMAND ron pwHL11Nns
1l,oro e gr9at demand for dwel!ings, and q 2
bI briok % HOUSES sell roady 1t good prices Builders
OF this clasB Of housoa will doubtless DO well
tl,Is summer Thoro haa boon SO nttlo building
Of this class of houses during tho last two yoara
mnnd mar than 1t las been for several years. Alany
poople who arc perplexod for solution Of tho
rons question, which must DO answered before
the 1sn5s It, # 3 '{M M YSa e 7 b. sos I5 I5 a9 soea sa Ssr
gains III tho purchase OF houseH.
Tho Wost sido, which did not suffer, as to Its
residence property, by the great fro aud which
property has always been y good demand, ana
for this reason greatly crowded b. tho incoming
pop,laco Immediately aftor TINT event. All
available aoora, and rooms, and dwellings woro
at onco takon after tho are, often at prices very
stores in favorable localitios. For example,
\ two-story framo business house, opposite tho
Sherman House, which rented for $4,000, after
the fire was held at $4,000, and the price OBJ
| tainod.
All rents on tho business stroots In this part
OF the city near the burnt district were In about
tho Same ratio. This. Of conrae, gave IN incen-
tive to property-ownefs to build, which has been m
done to a considerable extent on Weat Madison
aud West Washington Btreots. A. number OF
business blocks have boon erected on these
atreots that aro credit to tho city, but thoy arc
msnd ,a Rents @ have en- materially depreciated from
old prices for business lousos on Madison street,
botwoon tho river and Halstead street, not be-
Cause thoro iB . less demand, exclusively,
but owing to the fact that the houses in this To-
| 10 fnrt 1n Y11HGt miRarHltH. TlCEDtV
old shautioa, undesirable for business PURPOSES.
Buildings Of this character, IN tho locations
specified, that now bring only 81 500 aud - COG,
would, il replaced by now and moro desirable
Ones ront at double rates mud be rapidly taken.
Thoro will necessarily be D great rotnil business
atreot somewhere in tho West Division of tue
city. It cannot DO othorwiso. Thus far on tue
South Side tho tendency has been vast and
rapid preparation for large Wholesale aud retail
hrms. No ono knows where tho great retail
street Of Chicago will yet be. It may DO State
street. It may DO Clark, Or Wabash nyonue, but
tha river and Halsted, solong as tho rckety frane
buildings, that are nos driving tho retail business
elsewhere, are allowed to remain. Tho demand
for atores on tue West Side is only on Mndison
likcy to be encouraged by bottor clnHa OF build
Tbo fsct should be understood that the do
| mand is for moro and better floors for rotal
atoros on Wost Madison street. The street
however, is holding itB business well under TIT
croumstauces, and from Halstol to Abordeor
, tho rents remain the came AZ last yoar, Will
i good demand. ~,
Five stores, corner Of Madison and Groen
euch 2O11O9, rented last week for $2, 600 ner an
mum, aevorally. And, as illustrative OF the 90
mntld at this point, montion may be made Of
. bonus Of ab00 o11orod to ono Oh 5ue paI11ea loH
No. 22a, corner Madison and Peoria, singl
= floor rented last wook for 90, ,400
Store and basement, 50x76, corner OF MadGao
| o%1 Hnfu MI a1 at
: There is no demand for business honaes o
o Wost Washington or Halsted and present rate
"a are low.
= Cottages and two-story and basement brick an
y franc dwelling houaes arc in great demand oyer,
where on the West Side, but more especially
u that part Of the West Side south Of Walnut stro
streets. Tho doubllng-up process, conscquel
:. upon tho fire, is not 80 doairable as q TegulI
% business, and parties are everywhore looking :,
7, honos into which they hopo to move about tt
10 oommodations than enjoyed at present arc {
tho lookout for larger dwellings,, and yet Il
70 supply is limited that many Of tho latter cla
y are compelled aflor fruitleas Rearoh to retu
~ and renew their lease for another year.
b. A large number OF dwellings, have boon bu
,it in tho Yeat sido since the fire, but most Of the
Of On tho outskirts Of the city, aud not convonic
u ~ to stroet,cars, and for this reason arc not
o. rehd1ly taGon. lho ooMano u 1o1 Hoou Ao1s
as near tho business contre as possible. and
or 1,oar the Btroot-car lines. The present ratt
x III the region specified for cottages, range fri
& $25 to ESD per month.
Y Two-story and basement bricks and fran
" range from 3700 to 1000 por annum. CottaG
on Walnut street, running from Nos. 284 to 2!
inclusive, have been lately ronted at $50 D.
1856.
Cottages on Monroe atreet, between Aberdo
mud Centre avenue, rented recently for :
and s45.
Cottagoa on Silver street, Nos. al and
y rontod last week ut a25.
Five cottages on North Peoria street, north
Randolph, rented last week at $50 each.
Four 2-story and basement bricks on Eult
stroet, noar Sheldon, rented laRt week at sa
| each.