, 1873-03-24
REAL ESTATE

:, = REAL ESTATE :. ., -
Tho great feature in connection with roal
eatato Mt present continues 10 DO tho speculation
IN Bub,,rban 1nnda. Tho instaucos givon III our
Issue Of last Sunday, showing that tloro hatl
boon an avorago riso OF about LOO per cont In Tho
prices Of almost the ontiro district known ~ tho
Blue Island Ridge since last yoar, seom rashor to
stimulate tho aotivity In speculation than to in-
d,lco my extrn caution about Investments. A
good many cautious people sllako their heada apd
eay Woll, this thing can't 20 on nlwnys!" but
whom We como to think Of 1t, thoao aame wiso
1 people havo boon haying }uHt tho Hame thing
about all property In Chicago for tho
last half-dozon ycars, and while
thoy have boon shaking thoir heads aud refusing
to tako any intorost in 1t. poor men havo grown
1icll by the riho. Perhaps no bettet instance OF
tho rlso in values during tho past six yoara can
bo glvon than OF tho PROPERTY on tho avenues
south of Twenty second atroot, and as far as tho
city limits. Six years ago, lots OIL Michigan
atroet, woro hardt sell ut $50 por front foot !;
on prairio nvonuo, from Sixteenth street to
Twonty~sixth street, valucs ranged from s10O to
800 per front foot, md Oh Calumet, ut about tho
Same prices or lower. Tho earno property solls
now at from @4O0 to $500 por front foot, and
many man who considered tho prices Of six
years ago too high for prudent. per-
aon to pay, fools perfectly satisfied
that the present prices arc legitimate
and that tho property is worth tho money and
many OF the very mon who thon said prices wore
too high, hsyc bought nince and paid throo or
four timos rs much as they refused to pay for
tho eamo property five or six ycara ago. Nearly
tho samo percentage Of riao, only on lower scale
OF prico, has boon experienced all tho way out to
Englowood in ono direction, and nyde Park IN
another. II the riso in valueB In other directions
has not boon 10 great 1t has at 1cast boon enough
to give purchasers creator protts thnn thoy could
possibly have mado In any othqr kind of invost-
mont.
TOWARD HUMBOLDT rAnH,
We note the recent sale OF acres in tic ". II
Of 8. ". 4 Of 8. Z. II of s. ". Il Of Soc. a. so,
-, fronting on Chicago avenue, just west OF
Humboldt Park Boulevard for Sc, 500 por acre
This proporty waH offered aomothing over year
sEo Tor 81 5oo @ @ RSr aero, and two months ago was
ono OF tho offeotB Of tho great fire was to
transfer large proportion Of the North sdo to
tho neighborhood Of the artosian woll and north
east Of that toward tho rolling mills. Hundreds
own houses In tho district botwoon Bedgwiol
street and the North Branch lost their
houses BY tho fro, but wore ablo
to sell THOR lots for enough to buy others in the
tion OF Milwaukee md North hyonucn, and have
enough loft to build Rtnnll wooden cot.aacs on
them. The result has boon an immense amount
Of this kind Of building along those parts Of
milwaukee, and North avenues during tho last
year.
PROGRESS AND PROJECTS IN LAKE VIEW.
The meeting Of residents Of Luke Wow, on
ah4sany u Ts:y evening" ni reported brioy in our issue
by parties who arc in favor Of the Immediate an-
no1ation Of the eouthernmost portion Of Lake
Wow to Chicago. But thoBe found themselves
largely outnumbored in tho gathering by the op-
poncnts Of the measure, and tho aascmblage
found itself ailoat on sea Of wrangling and dia-
agreement In which tho aim Of tic co1niug to-
Eothor foil plump to tho bottom. Tho intontion,
however, IL ono tho ne'ghboring, property inter-
o SsR god whoh taso no Tho %
aro now Inviting Is essentially OF city poo-
pic, and demands that city prlvilcges shall
REACH REACH them. They, wunt gas, water, sido~
Snees Zeal auorty sosn1es Of e h
they prefer to escape tho higher taxcs Of tho
wide awake, Or they cannot escape tho diBmem-
bormont they naturally opposo. and in tho lato
happy rotrent for an old fogy anywhere in tho
outskrta of Chicago, aince farm lanila llnvo boon
stakod into city lots. II Lake View wishes to
years, alo must come into tho line Of Of generous @ w
improvements, or tho newcomers will 10 rest
municipality.
LAKE VIEW IMPROVEMENT. -''
Tho Town Hall, rcceutly orooted on Unlisted
street, q proportional, handsome building,
costing about 51G0oO will probably bo In d SUI
tlcient state Of forwardness for use for town
election purposes carly in April.
At tho geHsion OF Congress- Just closod, m up
preparation Of something oyer s2o, 900 wns mado,
We understand, for the fencing and decoration OF