, 1874-02-22
REAL ESTATE.
Few Largo Sales, but a Great Many
Small Ones.
The Activity AL in Suburban
Property.
The New Lincoln Park Law and Its
Probable Effect.
Tho Proposed Wabash Avenue
IcailronL


uons IN real estate during the past week than
during either Of the two previous ones. Conse,
quent'y there is less that usual to SAY about par
tlcular tranfactions- We notice, however, thai
there is full NJ much activity IN thu 5alo Of chear
lots in the suburbs, and that improvements IN
projects for improvements in various quarters
OF the city are increasing as spring approached
Tho greater portion OF these projected improve
ments aro In tho outskirts OF tho built-up por-
ton Of the city. The activity so notable N
building in the business quarter In tho past two
years will be a1nost entirely wanting this year.
There are evidently enough, and more than
enough, stores. The long line Of unoccupied ones
on Wabash avenue. south OF Monroe street, and
the disposition Of wholesale merchants to move
eastward from their temporary locations On
Franklin aad Market streets to the old centrea
OF trade on Lake and Randolph streets, about
the functions Of Wabash and Michigan avenues,
mako an uufavorable outlook for large amount
Of properly IN thos. localities which has been
improved with tpacious stores st grea. expense.
There IL also 3 largo area Of 'inte7mediate "
residence property. improved With substantial
bindings, little Old, but in good repair, which
is too near to business to DO considered desir-
able, and is a7&iIable for nothing hut boarding.
houses.
Tho owners Of both the aforementioned
classes Of property manifest disposl-
ton to sell ont or trade for suburban lands.
Many pieces Of this description Of prop
erty, which seven or eigh. yoazs ago wero con-
side1ed amoug tue most valuable residence prop
crtY ia tho city. could bo bought to-day for
about tho AMOUNT Of the mortgages. This, how
ever, is due to the expansion Of the city, and tho
disposition OF every man who builds new house
to follow the lead Of fashion and 80 further cut,
where all the houaes aro Of the new styles,-for
in this fast sse the fashion of both the cxtcrios
and interior OF residences ia al1uos. as fctIo IS
tie fashion Of ladies' bonnets.
Tho eecret Of the preference for outside prop
e1ty is that taxes are high aud rents low for
the class Of inside property In question,
md there il no prosFcct that i. will increase in
value for some years, while In tie suburbs the
expansion Of tho city is increasing tho value Of
groun from year to year.
We hear Of a great number Of s.los o: chaan
property for sun.s u2der 5000 each, but. "a
mentioned above, the number Of large tranaac-
tions is few. OF salcs Of acTea or Of inside
property 20 tho amount OF $4,000 aud upward
We hear Of only the f:liowlug:
Warren, keenoy j. Co. have sold to .. f. Allen,
Esq, for L. G. Iitner d Sou, their seoord addi-
20 SQt1Lu LFAn310s- lol 4EeJ
hnye the 1aanaS cement OF the atovo property Tor
M-. Allen, who viii t1ti;d sevo,at houses the CON-
ing Bpr1n. in connection with their coutom: lated
They huve also sold the northwest
corner OF kedzie aud JuGaon avenues, ut South
Ern:ston, to Ezra H Patterson, Esq, at s45
Der foot, who will build : fno residence tho
coming soascn.
H. S. Deit.i:h Eoli $ acres in Atwood's Adj
tion 1t Washington Heights, locate1 fou1 blocls
from tho depot, for s5oN.
y. De.amater sold lC0 feet corner Of Warren
2Tenuo and Oakley street, with improvements !
[lWo-story flame); consideration. 3l8.0
THE wABAeH AfESGE PROPOSED EAILnoAp.
lhe owners Of property on Wabash aycuue,
from about Monroe 20 IHenty-sec3nd street, be- i
gin to see that they must do something to has !
hat Of bosrdipg-houae street " To business |
'treet. We understand an organization has |
,een perfected, aud that tho neW Company will |
7etltion tho Common Council for the right to |
build the road Eventually, Wsbash Az:
IL Rsg @S's t. 9asgsss it'sss IL
width, location, aud direction make it peculiarly
apabie Of becoming ole OF the finest, II uot tho |
'ery best, shopping aud promenade streets IN |
ne cisy. It would b8 moro convenient and |
|i,ect tho7oughfare from the extensive and clc-
ant residence quarteru south Of Twenty-stcond
rrect than State street, and, though State street
low takes precedence OF 1t as far south az Har-
ison, . ho1so-railroad would undoubtedly give
Wabash avenue the advantage aouth Of uarri-
on
LINCOLN PARE AND THE LAKE BuoRE DRIVE
Tho passage Of tie Lincoln Park Assessment
i'll by the Loglalatura will probably settle q
uestlon which ha5 been bJno Ut contention ]
or the last year or two between two PARTIES Of |
III Lake View. I1uao who
'ere Of posed to an asscasrnen: to buy and i'm
!oye the triangular piece OF gronnd ut tho
osthweat corner Of thu pnrk. to euiarge It, were
.eatly Interested in the completion OF tho Lake
lore Driro. But this eoto:prse has not been
ushod with any dogreo Of energy, bec use the
g1no movers in it could get 10
,gL authority for Al assessment On
~ property benefited, aad therefore
,u1d not raise the nccessa1y y funds. Tho new
lincoln Park law will. however, put it in tho
over Of the Lincoln Iark Commissioners to
NY the necessary tax for the improvement Of
10 Lake Shore Drive, as well IS tor tho pur-
lase and improvement Of the triangular strip
his power, however, ls contingent upon the con- |
mt Of the Assessor and tho 6uporvleor Of tho
GARD OF Town Trustees, and A. the Board Of
rustcea ate underatood to be III favor OF CON-
citing tho Lake Store Drive in good style, il d I
,eciAl aasesament can be legally levied for tha:
1rposc, it is eurmlsed t1at tho Lincoln !
srk Commissioners may take tic Lake
lofo Drive under their control, and
rpibh the necessary legal machinery fur iaiz-
r the money. II this compromise should b.
iected il would give M impetus to improve
cnts in that quarter Of the city this spring.
l. movement: WAs made lass winter to extend
o Lake Shore ori7e to WaukeeAu, but no con-
IT Of action was had by tho different towns
rough which 1t would ,un, and nothing was
ne. l. caunot bo doubted that it s
mid add immensely to the value Of | a