, 1874-03-08
But d Great Many Cheap Lots Sold
for Occupation.
Capitalists from Abroad Waiting
for "Bargains.'
4 Test Of the Market to Be Made on
Honday, March 8.
Improvements in Lake VieW--The Balf-
more g. Ohio Railroad.

There has been very little activity in real estate
transactions during the past week, except in the
sale Of cheap lots in the suburos to mechanics
and salaried men who are investing their savings
in homes. This class Of business keeps up about
as well as ever, notwithstanding the unfarorablo
weather. But the larger and moro speculative
transactions are very few.
We know of some large amounts OF money. be-
longing to capitalists from abroad, boing offered
for Investment in improved business property Ill
the central parts Of the city but these would-l'e
purchasers have come here with the impressio n
that they would BIZ able to buy important busl-
ness property for just about two-thirds of
the estimated values il they paid all
cash. Their vews arc so much below those of
the holders Of property that very little il dons.
4 good many property ncrs, however, are very
hard up, aud there is no deuyibg that some sales
have been rnado on this basis within tho past few
months. Many men who have mortgayed their
property heavily to rebuild, find it difficult to
tide over tue present era OF lo" rents, aud aSo
Obliged to yield to somebody who has tho hnasl-
cial strength to carry tho property, without any
net income for q year OF two.
Tho decline in rents will undoubtedly extend
this spring to all that class Of dwellings, that lure
heretofore ronted for 81 900 per year and up
ward. Nhilo there il large surplris of this
class Of houses, the number Of tenants who hare
heretofore boen able to occupy them has di-
1ninished, because many have been obliged to
adopt more economical scale OF living. and must
either get their present dwellings at lower rents
or seek smaller houses Houses at $500, $40.
aud $500 per year seem to bo always IN demand
in this city.
The prices Of
SUBURBAN ACRES
scem to be better sustained than of any other
class oi property, for, the reason that there il
general belief that the lArge accumualtions OF
capital now soek1ng some sort OF INV estmeae
mug: eventually find it in real estate, s.d that.
while there is little prospect for An ada'auce III
the hish-priced property III the central Y'srts Of
the city, there is chance for llrgo ADJ auce IN
the cheaper property. There have, ho wover,
been but few sales Of acres in the last week:
MIR Daniel n. Bush sold 80 acres in tho S, E. q
southwest Of South Lynne, for $40 1000 We
lear also OF the sale By the Mesars. Fitch ut ~
acres on the lake shore, south OF 6eveuty'-eec-
ond street, but no positive figures as to. the
price. .....-.....-
IMPORTANT AUCTION SALE.
Messrs. William ~ Buffers j. Co. advertise
"pere1nptory Hale on Monday, March s. OF
some valuable residence property. compfisin 6
over 400 feet of frontage on Congress-, West
Jackson, and West Van Euren streets, in Sec.
Is, beng about two and one-half miles west OF
the Court-Honsc, and nearly 800 feet on State,
street, Wabash aud Michigan avenues, Mt Fifty
first street, Nearly the whole Of this is in quor-
tors that are rapidly improving with tirst-cla Bs
Ct11lQluEb. HuQ ~ liOIdulJ I'D AS5A Aok0 FAoPo -
for either speculative investment OF for occupn.
ton as there is in the city. The ad7isabliity OF
offering such property at auction III a time OF
depression like the present is oubttnl, aud II
sold it Twill probably be ut lower prices thai
could DO obtained a month or two hence.
BOULEVARD PROPERTY.
Messrs H. j. d J. We'll sold this week 1s2 feet,
Of Thirty-seyenth street, tho lot running through
to Vernon avenue, for S33, ,0t1.
THE LINCOLN COMMISSIONERS
are active in lnauguratsng improvements, and en-
courae1ug others to do the same. They have ILL
duce0 tho town authorities Of Lake View to
widen Lake View avenue from G6 to 100 feet.
from Dlversy street to Belmont avenue, dis
tauce OF half mile, This will make d fine
driving street from Lincoln Park to the junction
with the Lake Shore Drive, and next summer.
when the roadway is completed, Will bo one Of
the most attractive localities about the city.
The Park commissioners have also decided to
set out three rows of new trees along the west
boundary of Lincoln Park from Centre street to
North avenue and to make other improvements
in the way of fencea walks, etc., along the Same
line.
TIE BALTIMOnK OHIO RAILROAD AND THE souTH
PARE.
It begins to look doubtful if the Baltimore K
Ohio Kallroad will offer anything that the
tilted in accepting as consid
GRAFTON for tue rigat~ot-way through the
southwest corner Of the park. The Baltimore &
Ohio people seem to be pledged not to become
competitors Of the Illinois Central in it's sub
urban business THIS would prevent tho Dalti-
more i Ohio from Offering any extra facilities
for quick or convenient access to tho park from
tie centre Of tho city, and, unless they can do
this, the Park Commissioners would not be ex-
cusabIe for permitting any railroad to go through
the parks, which have been dedicated as pleas
ure-grounds for the people. The suggestion
has 6eeu made, that the Baltimore i Ohio could
condemn the right Of way through the park.
4fo&r rfz 11,41S
condemn Michigan avenue for their track. We
suspect that the Baltimore l. Ohio people will
have to find some other route into the city.
4 NEW CUTOFF. .
It Is reported that the Pittsburgh d Fort
Wayue Company have decided to build new
cutoff III Lake County, 1nd-, from eomewhere
abont Hartslnlo OF Crown Point, on the Pitts
bur,h, Chicago j. st. Louis Road, directly north
about ten miles, to junction with the Pittsburgh
4; Fort Wayne Road somewhere between roles
.s Great Eastern " passenger trans into the
Fort Wayne Depot on Madison street on theTest
side Of the river.
Tie suburban town OF
HOLLYWOOD,
twonty-four miles north OF the city, on tho Mil
waukee Road, which was laid out only two years
aoo. has now forty houses. Twelve new ones
arc being erected there now, and the place Dios
fair to become one OF the most attractive snouros
on the lake shore.
SATURDAYS TRANSFERS.
The following instruments were filed 1or rec
ord on Saturday, March7:
CUY PROPERTY. - -..
The premises No. III Calumet ~, dated March 8;
consideration, s750o0. Nelson Ludugton to Henry a"
Kohn. ~
Groyeland Park, 125 # Of Cottage Grove ~ u,
25x12o 6-lC it. dated March s: consideration, op
Twcuty-sove ct, cor Of Hanover, Il I, 241lA
$40 Il, dated Feb. 2a consideration, 8, $50.
Superior at, 59H It . Of sedgwick st, I. 2txlau
with other property, dated March s. consideration,
$780, =.
Crittenden st. 331 # Of Noble st, I, 251125 It,
dated March 8 !; consideration, 81 .e00.
Shoto st. 14014 # Of Harrison st, I, 24x9AA II,
dated Fob. % consideration, Il 800.
Evergreen az, $50 It VI Of Kobey st, I, 29x50 It,
dated Dec 3, 1878; consideration, il ,0Uo.
Uo1nan ~ 16s II Of West Ohio st, +, e4z125h IT,
dated March G consideration, S7oo.
Park CT, los It Of Leavltt st. 351114 It. dated
Feb. IL consideration, s.. 500.
Calumet av, 3l3 It Of Twenty-ai1th Ct, 24n81H
It. dated March S !; consideration, So COO.
State st. 90 It OF Thirty-seyenth Ut, I, 1o0x1B1H
II. dated Feb. IS; consideration, SIS, ,0D.
Bauwens st, 256 it " Of Ashland Nv, cf, 2s11o #,
improvements dated Ma7ch c; consideration. = 400.
Ridceyiilo road, coz Of Black Hawk st, W I, 431
1a6h t. improvements dated March 6; consideration,