, 1874-02-01
Actigity at The northwestern Car-Shops,
Washington Heights, and South
Chltago.
Sales Of the Hough Elevator and Some
Valuable Residence Property.

"@AA-+4AS-3
etoad OF having money to invest in homes. would
be obliged to eat up in idleneEs, this winter, a
large part Of their previous savings. The re-
newell of the inquiry for cheap lots, however,
shows that more confidence in the business
prospects Of the future prevails and that, as the
spring actiyity OF trade ard manufacturing
is removed, corresponding increase in sales
of real estate will be experienced In
fact. there has been 4 large increase
already in the sales Of cheap lots, and in tho
Offices Of the most prominent dealers in snbur-
ban lands and lots there we're more inquirers
yesterday than We hare seen in the eame offices
for three OF four months. The inquiry for
suburban acres has also increased i'll proportion.
Capitalists in all parts of the country begin to
find. as was predicted month or two ago. that
tie usual avenues for the Investment Of surplus
capital in the first quarter Of the year have
been 1auch diminished by the elimination Of the
ereculativo railroad projects, and the expulsion
from the money market Of vast amount OF
railroad bonds. This, together with the etill
prevailing lack Of confidence in the honesty OF
tlo management Of even the majority Of the old
railroads, iea7es city real estate as almost the
only Investment that H7iIl attract conservative
capital this spring.
THE DIRECTIONS
that investment ard speculation arc taking in
the suburbs at present are: Eirst-Wcstward,
along West Madison street and Chicago avenue,
embracing strip of territory mile wide, and
extending from about Western avenue ali the
.7ay to Austin, and even to some extent beyond.
Second-Southward along the Rock Island Rail-
in nluch latter suburb the speculative activity ia
rs great rs in any other locality surrounding the
city. Third -Southeastward from Englowood to
SOUTH CHICAGO.
This aforementioned place will undoubtedly at-
tract more attention In connection with real es-
tate operations th:s spring than ever before, and
possibly more than any other suburban
locality about Chicago, for the rea-
son that a. great T9rk IN tue
making Of q harbor II the Calumet River, in
just been completed, and this year must begin
to attract q portion Of the shipping
trade OF this city. Tho Calumet Canal and
Dock Company, moreover, seem determined to
are Offering great inducements to new nanufac-
turing establishments Up the Calumet River,
ut Bowen's Rirerlale Subdivision. the Martin
Brothers haye purchased PIT feet of dock front
and established lumber Yards there, and l6o feet
moro have been sold to Christian Ahlscher to
be Immediately improved. These docks arc
within about t7yo miles Of Blue Island, on the
Rock Island Road, and but little further than
thet from Washington Heights It will be ecen,
therefore, that tue growth OF the suburban
-H+-4@A3
;agton Heights is being stimulated by the COM
p]etioa OF tho Calumet harboz.
4 Gale was recently made of SO acres in the
west half Of 6ec- 7, Town OF Calumet, being
just west Of Washington Heights, for 81. 800 per
acre and Mrs. billiard was offered the same
price for her 40 acres Immediately adjoining it
on the cast, but, rs tho ::propcsal WAS for pay
ments On long time, it WAS refused.
WESTWARD.
1t tho Northwestern Car-shops, and in that
vicinity, there has been great increase in the
actiyit; OF building and in sales of land.
Mr. ". n. Derby sold last week TO Il. H.
Honore and others \ large tract Of land in Sec
Q, one mile west Of the Car-Shops, for
the consideration IS that the purchasers aro to
erect some twenty dwellings, in the vicinity Of
West Fiftieth street, one and half miles west
OF the city limits, between Madison street and
tho Northwestern Railroad.
We lear OF the offer Of 5000 per acre for 1--WE
ncres st the junction of Chicago avenue aud
West Forty fourth street, which will @oably DO
accepted.
J. Walker, to Mr. Nettleton and others, of Gin
ciuaatl, the twenty acres On the southwest cor
ner OF Western avenue and TWenty-second
street for 5l20,0o0. This WAS partly in tho set
Element OF indebtedness, but the purchasers also
paid q considerable sum in cash.
L; TIE NORTHERN SUBURBS
there seems to be no particular locality where
speculation and investment concentrate. Aessrs.
Warren, keoney j. Co. sold this week. At Ravens
wood, 100 feet on Green Bay road for s., 500,
ard 200 feet fronting on Reuben street, in |
Eeeney'6 Addition TO Ravenswood, for S., 600. |
At South Evanston, 3cssrs. W., X. l. Co. sold |
sou feet on Hinman avenue for s12, 600, and 800 |
feet on Chicago avenue in South Evanston, for !!
81, 900. Mr.: Henry Hugsins sold Is acres in the
E. Of n. E. II Of Sec. a, A. II, at South |
Evanston, fer s50, 900.
sos4E VALUABLE RESIDENCE PROPERTY
in the central pa1ts OF the city has been sold in
tlle last week.
Mr. B. +. Allen purchased the lot. 5ox17s14,
east front, on Prairie avenue, next south Of the
handsome residence recently bought by him
from AIr O. S. uouGh. The price paid was $3.50
per trout foot, OF $22, ,50O.-one-third cash and
The balance in one and two years.
!ho n. f. corner Of North Dearborn stree. aud
Chicago avenue, 80x104 feet. for Sl2 600 cash, to
! builder, who will erect block Of dwellings
here.
McssrB. Warren, Keeney Co. sold to Thomas
}. Osborne tho three-story 1narble-front house,
10. 1142 Wabash avenue, between Twenty-fftk
nd Twenty~si1th streets, for S21 600.
Messrs. F. Evans d Co. sold 50 feet, north
roat, on Harrison street, between Oakley and
.eayitt, =: s75 Per front foot also, % feet,
nd 0aklsy, at SIS per front foot.
But, as before mentioned, the aa1e OF cheap
ots, ranging as high as 81 500 each, has been
arge il the last ten days, the instances being
90 numerous 10 mention III QGLIl1.
eALE OF THE HoUGH ELEVATOR.
This valuable piece Of business property, COM
rising about four and q half acres Of ground On
lc south side Of the South Branch OF Chicago
vcr jus. west OF Halsted street, together with
,e elevator building and other improvements +
aercon, has been sold by Messru- II. H. d. O.
Hough to Mr. Henry C. Mutt, Of Council
tufts, for the sum Of 1885, 000 Of which $780, !
10 is to be cash. The remaining $250O00 is in =
le assumption OF the mortgage now on the c
-operty for S250,000. I
Il new OPERA-HoUSE PROJECT.
The owners OF the lot on the southeast corner | c
Wabash auenre and Monroe street,-wh1ch T
as formerly occupied BY the Maison Doree,-
getEcr with others, contemplate the erection OF q
, Opera-House, which, they propose, shall t
1ua1 the old Crosby Opera-House. The site is, q
srbaps, the very best that could be selected i'll Z
o cItv, It is near to oil the hotels, and easily
ached by the Iorse-cars from any part Of the h
r.
SATURDAYS IRAEeFERs-
The following instruments we're filed for record
Saturday, Jan. 81, 1874:
CITY PROPERTY. =
Michigan av, between Tweaty-ninth and Th1rtieth
+, 2511;l IT, dated Jan. 2s; consideration, $oo Il
3edsxtck st. IS # Of Wisconsin st. OF, 21x123 IT,
ted Jan. 5 consideration, H,6o0. g