, 1873-03-09
REAL ESTATE,
The Increasing Disposition to Specu-
LAKE in Suburban Lands,
What is Being Done in The Vicinity Of
tie Northwestern Car'Shops.
The Relative Increase Of Population
and Real Estate Values.
Street Railway Extensions---
Real Estate Loans.
REAL ESTATE,

hea1 Estate Loans.
To borrow the expression Of u real estate deaI-
er, the great bulk Of transactions continue to be
in " grass lhnds," aud mainiy by parties who
want to invest in acres for rise this summer.
But even for long Investments the Investments
in suburban tracts not too remote are likely to
be much more profitable than in the higher
priced property in tho built-up portion OF the
city, IN opinion which We think will be fully
borne cut By aon,e statistics in regard to the
relative advance in the classes OF property in
the city OF New York Of which we give some
interesting statistics in an other place below.
IN TILE SOUTHERN SUBURBS
Willie We hea1 Of no special instances intlicat-
ing actve speculation, there is evidently strong
confidence that all tile property south Of tho city
limits ind east Of State street. as far south -
Stxty-thrd or sixty-fourth streets, will increase
IN value largely this year. Il is probable that
moro hrzt-class residences will be erected in this
district, within half mile Of the South Park
boulevard, than III any other suburban quszter
OF the city this summer. Tho u-ra4ra Of tho
majority Of the property on South Park oou1e
yard formed sort Of Syndicate last summer,
and are devising plans for further combination
and for improvements which will add greatly to
the value OF all property in that quarter.
It seems probable, however, that the most ao-
tire speculation and possibly the greatest agg1e-
gate amount Of all kinds Of improvements will
bo In
TEE WESTERN SUBURBS,
from the line OF the Gale1a Division OF the Chi~
cago & Northwestern Railway, southeastward to
the line OF the Chicago, Burlington j. Quincy
Railroad about Douglas Park.
The new branch Of tho Chicago Northwest
ern Railroad from Irving Park down to the site
Of the proposed new shops in tho north half of
Section 10 is now complete. The stone is being
drawn to the latter place preparatory to putting
IN the foundations Of the extensive shops Of
which wo gave detailed description two
as the frost is out Of the ground, work will be-
gin on structures that in all probability Will be
tho nucleus Of new town Of five or SIX thou
aand Inhabitants within two years, and, by the
growth Of the city in that direction, will extend
the continuous ino Of buildings all the wsy from
the present limits Of the city improvements to q
mile or two beyond Central Park: To some OF
those who have gone out there during the re-
cent season Of rough weather to look over the
expanse Of fiat, urinvtting prairie, the above
probabilities may almost neen like impoaaibili-
ties, and yet there arc sound reasons for BE-
lieving that this will be tho result Of the estab-
| ishment Of as extensive hive OF industry as
| the Northwestern Car Works.
The car-Wo1ks, however, are not the only
| stimulating cause Of tho increasing value OF
| ground in that quarter Of the suburbs. Three
| new railroads-haying their city depots near tha
centre of business, and, therefore, available for
suburban trayel-have been constructed through
the northwestern suburbs west Of Central and
Humboldt Parks during the last six montha-
Not loss than half-a-dozen new suburban sta-
tions on these roads, Ill within 3 district about
four miles square, are now either under contract
or their locations, at least, fixed
The extensive improvements already made On
Central Park, and tho pushing out of the city in
that di1ection,-all these circumstances COM
bine to inspire confidence in unusual in
crease Of improvements and population, and IN
an increase In values in that direction this
spring. That capitalists believe this will DO tho
learn OF the following sales OF acres in that
direction during the last two veekR:
:. Ten acres corner Of Crawford avenue and
Madison street, sold BY ". D: kcrfoot, for
were bought for $25, 600, showing an advance OF
80 per cent in eight montha.
Two acres on Washington street, corncr Of
Main 5Sg Is i I've rsst OF te2
which is At tho rate OF about $50 per front foot
for lots 200 feet deep. This property is about
five miles from the Court House, and, compared
with prices the same distance from the
low, notwithstanding the advance Of about
100 per cont in the Last year:
10 acres bounded north by Madison street and
west by Hyman avenue, sold By ". Il DERBY
for $1G0, COO N1r. Darby bought this land in
Julv for q, $50 per acro, aud gets an advance OF
50 $50 per aero. One reason, however, OF hlx
being able to get go large an advance ie, that he
bought largely for cash and sells On long TINA
and easy terms, the purchasers agreaing ~
build two residences to cost, say $4,000 or
Sc 000 each on tho Madison street front, nntt
make other improvements, this auznmeE. Mr- D.
D. Harvey will also build S10, 900 residence on
the corner Of Crawford avonue aud Madison
street. near the others, this summer
Twenty acres in Sec. 8, Town SO, 13, being over
Z half mile north Of the proposed Northwest
ern car shops, Was sold yesterday for 81, 500 Per
acre All the land north Of tho da1cna Ditis4on
OF tho Northwestern Railroad sells for lover
prices than tho land south Of it, the latter being
more IN the line Of the extension OF impzo:a-
ments ont Madison street to Central Park sad
beyond it.
FURTHER SOUTHWARK
re loan Of the sale Of two and = half acres on
Western avenue. at Laughton street, for 314 Co.,
aud one acre at Iawndale for 81, 500.
NEARER &c TIE CITY
We learn OF tho ea1e Of 916 feet On Madis6u
street and Kedzie avenue for SIS. GOO.
AUCTION 8ALE-
Mr.. ~ H. Clark one of the ownerso Clyde,
on the line Of c., B. d 9. r. r., two miles Wesa
OF Lawndnle, will hold an auction Of 12o lots a.
that place in the first week in April station
and number Of dwellings hare been built there
during the last year, and Mr. Clark il preparing
i .-k .knrf Qnn %roow fhara ftfk RDriDX.