, 1873-01-12
REAL ESTATE,
A Fair Prospect for the Usual
Activity Next
Spring. :
Money More Freely Offered
on Mortgage Loans.
The Glass Of Tenants Who Can
Pay $500 per Year
House-Rent.
The Best Position for Il 1eesi-
dence---Tl1e Proposed
Land-Piracy.


Land-Piracy.
Transfers for the Week.
It would seem that il anything 1ess than
financial panic would check the artlor OF specu-
1ation in real estate it would be a decline in tho
thermometer to or 10 below zero, and tho
wind at the same time blowing gale, as 1t has
the past week, over tho blank premises that
mako up the suburbs OF Chicago. We do not
find, however, that such has been the result.
People who buy lots in the outskirts OF the city
have the example before them OF what transfor-
nations have been made by the improvement Of
st1eots and the building Of houses in all parts
Of the city. They remember that it is scarcely
moro than ten years since some really fine resi-
dence quarters Of the present were as bleak
and uninviting az the prairie lots
around the West Side parks or south
OF Fiftieth street. They understand that as long
as Europe sends her annual hundreds of thou
eands Of emigrants to this country, aud as long
rs population moves Westward, Chicago will
continue to grow, and The story Of the past will
be repeated in the oxpe1io nee Of the future.
4Inu6ACl1Uub uAF3 QttH uSuk Lib HEDhs Ab
they always arc ut this season of tho year, but
the most conservative calculators can give no
reason why the activity will not be as great in
tho spring as it has each spring for tho last ten
years.
We hear Of ono salo Of acres just west of
Douglas Park at $4,000 per acre, and Messrs.
Marshall & Dickinson have just sold tract Of
tho L, x of s. ", Il OF Sec II, Town 80, at 9675
per acre. .
WASHINGTON HEIGHTS.
Between Feb. 10 and Dec. 81, 1872. there were
4Gl transfers Of property at Washington
Heights, the aggregate consideration boing $780,
458.
MONEY ON MORTGAGE LOANS
i1 becoming moro abundant. We hear Of in-
stances of parties who were unable to ncgotinke
leans during December, but who hare done go
without difficulty since then, and it may be safe
II announced that tho disbursement Of s25, ,000,-
600 or $50 000 900 Of January interest and tlivi-
dends in Boston. Now York, aud Philadelphia
will put ready money into tle hands of just tho
here for Investment in mortgages TINT pay Per
cont net, and at tho zane time furnish as good
security as Government bends.
TENANTS AT $500 PER YEAR.
As an instance Of the demand for cheap rcsi-
dences to rent, a well-kuown renl estate agent
mentioned, d few days since, that he had twenty
eight applications in one day for cottages or
small dwellings, at annual rentals OF from $500 to
$500. This is probably no greater number than
h,st = un - ~ 10 aa e,17s ~ ~ pa
Jofa:n.o' @ .tha s,,.,i- - hh;s ,I.a. - tausas
i'll Chicago, and may give builders hint Of what
will pay tue best to build next summer. Five
t1o erest ma a;oTitr 81 asared man md }he1efora @
.no e. ia "a ,, ~ Ioat sias
~ ~ tIe I co1nm,,,;tv mt thcre is on ad1;.
tiona1 reason for The demand for
houses at about this rate OF rent in
1ulca6o 6teIi1 ~ uaas y t.cM 10 "ie eug ~ ~ =.
ca9o Go" aio Tns "a Plss s4o tG e. ~ ~
,,1,1e.ra1 oS Rnainc -1atnns caused by
~ Ea ~ Ontabor 1911 hns mada onnor+71nities
40 n1u ~ J,en ~ ~ fo1to horo n hnsi1,ess
H. Ir,a,r tiat A. artcnsve reinldno Of the
nao" ,ert;c,, ~ ths ctv as made enppir
~ ~ 1aaat onaotb;rd 1nora f}rxt.clasr occ-room
IT,. - aS ti" 1r,a Lorn-a tha ra and that the
oIe IN f.vor of Inv rents for oficea
for ~ vaar nr t,qo Theae circumstancea being in
tta;~ {eaaS +i,or n-t rncva Ia +n oet honso rent
~ a,,o1 rotas aa ,,o,, ,rtS fc thonsan dollara
a. "a norI ~ nv v;,e thav are oett;nt,
established in business. Is has boen mentioned
,1 ~ sp,p11r ~ onsas ot ann1a1 rentals
~ aEan .4,,,1hars r;th;n tha f;To i;m;ts and
:yraat nort;on ~ tona1ts .yho connot
,,ev ,1'ora thsn tat nst o. outsda the terrtory
ns ~. iu"tt th . r 11t. e. to pet
,,nssaa ~ t}st 1r;co t1anv of them viii i've At
GIaeg par,. a. ~. Frsnstn Harion, and n tha v;c
~ ~ he Wat g;ia neTls w1,era n cottage and
}tr faat ao ~ "ro,,nd IN he honcht fo1 f: md or
a 3nn ar,d ,ea;d ~ -, nnnnn1 instniments r1
S4,oVe, a'tu p;1u ao5 ~ ~ 4at ~ ,sa4ao+a ~,
H. thoe antr;oht n1rchase of a home Viii be- but
1tt, .,aro d;ainu1t - S,ea+ tion tba navmcnt ~
s5Oe a9 lr ner year % rent r ia possible however,
~ ft,a ownero of many ~ Tho huei
III nJ AZ cn tn ret tenants for ali ther
;aa -r- t1a+ sora n 1a1n Iii arr,nca ta
'.,ee 49,. ..f ~ +a; b,dnaa irta anites NJ
uppr. ~ nu tari;aa ii r. a ~ he honed nweyer