, 1874-06-15
REAL ESTATE,

REAL ESTATE.
Tho fact TINT tho roal eHtato narkot la ronoytod
| dn1l and declining In Now York, SIM Francisco.
Boston, baltimore, and that tho rosultB OF tho
aalca md auctions in this city for tho last fow
months havo iudjcatod that tho values Of II
anl "a AFRO no longer snstaiucd.
1RnEalsr1nLY cos!rELs TiIl8 coSu1usroy,
that throughout tho country real oatate ID pass-
Ing through ono Of those stagos Of depression
that layo occurred periodically In our history.
1T such ttn,o It IL wolf to pnuBs md oxamino
tho history Of tho past. II this ahowa TINT tho
movement Of roal estate prices haa nlways boon
in ut,tlulatione, and further demonstrates that
through tllom all r,ll,s T. Rteady upward limo Of
appreciation, It will afford reasonable grounds for
PERMANENT CONFIDENCE IN uu1cAuo PROPERTY.
A careful study Of tho pricea Of Chicago real
cetato aneo 1850, WHOM tho fret lots wore soll,
shows indisrutably That no panio, no tloproaaion
at homo or abroah, huB eyor boon ablo to stop tho
growth Of tho city. or Tho appreciation Of Its
rea1ty, It SHOVE still moro inaispltably TINT
pressed poriod ovor lost monoy Oil 1t. Even III
Now York, whoso growth has been ~ steady %
Tho march of timo, tllora liaa alwayB beon oass
Of croalsorh who dlsbolioyod III Its growth, aud
prodftoa tho eoll"p1e Of values
moro than interrupted. Tho moet sanguino Of
Tie mon who settled III Chicago In 1886 Thought
they would bo octoBonarianr loforo they Aaw itu
population rs, 100. 1t roachol that figure In
1913. It las grown moro rafldlv. ovory locado
since. Sober expectation may look to BEG 1t oyor
million withiu 4 Lifetime.
Property III Chicago, ut proaent prices, ia
NOW CHEAPER
tl.an Tint in any other great city iu the world.
Who cau doubt tint. with tho population Of tho
future, tho increase Of rairoada. OF nannfno-
turos, tho development OF the West. real estate
IN this city is certain to hiring groator. fortunes
to itH possessora than to those who bought in
1880. l.ooking back to tho days Of 1881, 1t ia
often said that 1t was impossible to help milking
noioy by buying land at that timo. In truth, AZ
tloAo Who lavo operated In Chicago from TINT
day to this unanimously DECLARE 4lD could have
hoen mado after 81 whoro 81 could have been
mado before SO. Thoro are no fawsr opportuui-
ties now tllAn tl,on
Study Of prices anovs several facts OF tito
utmost proul6o to the future Of Chicago.
F'irst-Tlroug1 all tho rao aud fall OF spcc,,-
lationt tho yaluo of Chicago real estate las
steadily advanced.
'SecondLEyery period Of depression like that
through which tho city ID nov. passing has boon
followed bJ u recovery In prices which outran
tho precedent speculation; and, therefore,
to Chicago real ostate.
Tho ulost notable contract during the waols ia
TINT by which Jamos s. Kendall agrocs to dis
poae of tho we}-known Kendall Block, at tho
corner Of Washington and Dearborn streets, to
Benjamin n. Austin. OF Kalamazoo, Mich, for
1926, 100. Tho terns Of the sale ara as follows
cash 9o houses ana iad on ns Thoh thaz
erty in an4 noar Kalamazoo, 81 5.odo.
This is D central business locality,
and may be noted as giving an Indication Ct
values in business property. The land on whtcl,
tho block s!ands is loioo feet in Bize the block
itsolf being tre-proot, aud built III tho bost md
| most convenient Bliapo.
Clarke, Layton l. Co. sold tho following prop
| crtY at auction on Monday at the Ron Estate
Col. Gcorgp H. Clarke baid ho considered
! tint tho elect OF tho resumption OF
! specie payments had already boon dis
counted In tho prico Of roal eatate, and went
80 iar as to ray that tue depression hal fallen
contract values. II specie payments wero re-
Bumeu at onco, ho belibYol tho result would be
\ 10 increase prices.
Building il progressing With notable rapidly.
| Tho city is extending its domains in all dlroc-
tons, aud tho gaps TINT lavo boon left by tho
| dilatory aro rapidly filling up. 10 tho south~
ward tho improvements ui,dor way arc commen-
surate With tho future Of this rcsIdenco section.
At difrero11t points all the way to HYDE Park n
number Of due residences aro being built mostly
| for occupation by their ownors. OF tho North
! and West Sidos the Bano mar DO said. III tho
latter section tho outskirts exhibit soeuo OF &C.
tivity in louso-bNilding which Is remarkable.
| Particularly iH this tho cnso along Mil,rnukeo
ayonue aud around Wicker Park.
It has beon rumored about that the Museum
on Dearborn street would not DO built this ssa-
son. This ia a miutake. The contracts will be
let this wcelz. and work will bo commenced at
once. Alr. Van Yleot, tho lessee, WILL shortly
! start for Europe to collect oarioBitioH.
Ilo inquiry for houses mud stores has fallen
to the minimum. Every one has sottled now for
the summer, and those fow dwellings, that may
yes bo rented will 50 aonew inoomers, OF theso
thore arc always = few in the market asking for
homes. 4 perfect nyziad Of thieves have boon
operating on vacant houses in tho past few
| weeks, and those who own arc almost willing to
lcass FREQ gratiA in order to get tenant who
will tnhe caro- Of their property. The least hrti-
clio Of value IL enough to tempt tho cupiditv Of
these suoalss mud yillains who will come with an
exproHs- wagon ut night and carry OF almost
| eyorythuy but tue Foundation al house.
| SUMMARY OF TRANSFERS TIE WEEK.
The following ia tho tutA amount Ut the transfers
! of city aud suburban property, within radns Of
h=ron MIR If tue Courthouse, for the week ending
Saturday, Juns ~:
No. Salts. Consideration.
| City property. S6i5,c01
! s;orth Of city limits, ,.,,,...,.... 10000
! South Of city limits. .............. q Af,109
| Neat uf city limits. ....,,..,,..,. l 900
1 Total. ...la5 eoa3,f0e
l f11nE1fx1FerE