, 1875-11-28
An Increasing Inquiry for Small
Acre Lots.
Disposition OF Outside Capitalists
to invest in Chicago.
They Are Attracted by Low Prices and
the Prosperity Of Chicago
Business.
Ono Of the Du1lesl Weeks OF the Year In
the Loan Market.
In Association to Insure Titles.

There is little need to remark that the pal
week was quiet one Iu real estate. l. week i
which the current Of business WIS intennpte
midway by cne OF the most popular holidays {
the year "a not likely to show much new Lift
The active season in real estate ia past, and it
not to ba expected that any important chang
will show itself TIL the spring. The sales re
ported below servo to indicate the continuanc
Of tho ordinary volume Of transactions, and moth
ing mora The inquiry for acre property in tb
suburbs is fair, and constitutes one Of the healthi
est signs Of the local market. These inquire
come mainly from persons who hare moderat
investments to make. They proceed OF th'
theory that has built up the 5000. 900 OF th'
Astor estate, that in the long run there is moth
ing that pays 50 good return as real estate II
and about growing city. Subject as it ls tt
fluctuations. it Is certain to be worth more al
any given time than it was twenty years before.
In Chicago, as in Ne. York, the attention OF
capitalists ia turucd more to rcal estate than any
o1her property. Amoae the sales below is cue
to firm OF New York bankezs. Their purchase
vas nads only after careful comparison Of prices
hero snd in New York. This fed them to the
opinion that speaking comparatively, the price
OF real estate was considerably less in Chicago
than in New York. There are other large New
York capitalists in search Of Chicago real
estate. We were shown yesterday n let
ter from one OF thcsa, proposing to in
vest from sl5n,0o0 to 500, ,o0o bera. The
.enuuer&tvo business done daring the
raet two months by Chicago merchants has at-
ttacted the attention Of business men through
out the country. aud advertised Chicago thor
oughlv. The prospect ia that Chicago is shout
to enter upon perloo OF osselopIneat and pros
persry, Like thai OF New York between 1887 and
1857.
Tie situation OF affairs in New York is not
1attenne. 4 New York letter to real estate
dealer IN this city, says: '"There is lots OF
prime real estate in Now York now On the mar
Eet. and the knowing ones cay there will soon bo
much more and some Of it that must be scld
and by :orced safes; real estE.o ia lower here
than IN Chicago" TIE satne view is taken OF
the condition o: real estate in New York, BY the
New York correspondent Of the Detroit Free
Press:
Tho decline still GOES On md there il "a get no Sign
that the bottom is Forced legal slIes the
only ones taking place. &nd these invariably bring
he@sy sacsaoes. The greatest losss are un1mprossd
few years go. i few ilastrztious na5 10 eiyon to
e.,es number Of gLth avenue iots, fronting on
gage <oo0 0oo. Nr. Belmont had sold the lots four
or Eve years ago, and took the mortgage in part pay
on a. Tas bnvsr IT, y1ss hepa "a p 9e Mosh
goods house. failed in business ad ali his property had
10 he closed for the beneh. Of eredtorx The properly
less than the mortgage upon It, Again, the house and
grounds belonging to Harry Genet, the sbsconding
Tg .Sa e,as II the bsi ssf Rc e.
over s.ao,o, passing into pos.ee.;on Of the heirs %
ooJ On hs properly Here clear loss q nsarly
haH the Cost. few weeks sgo la1ga number of lots
belonging to one Of our boldess real easae seculas
3Hfp Hrr
vslusd before tho decline besan 1t $1,000 to 900
v.iued It $4,000 T. si30o when prizes wese high,
wess knocked down At s. eco to 500 gentleman Of
ny 1equasntancs owns Fifth sTeuue lot, Ga which
there mortgages Amounting to 0oo- He Claims
that 1t IL worth $45N, but lots equally good in the
ezss nghborhood have reoently bsen sold for sleeo
there are other kinds Of real essats very valuable too
which CD hs1a1y be sold as all The 0ne residence OF
Butler Duncan, II the corner Of Fifth avenue and
Washington place. had to be withdrawn by the auc-
koneer because ono would unaks bid On it. 1t was
tho sams case with the property formerly known Is
Broadway, and occupied for tome yeazs past by the
United sses courts. No would lid tho price that
had been 61ea ~ the lowest, and the property was
withdrawn
SALES OF THE WEEK.
Tbs eales OF the aeek were nat nunerous, bat
some that are encouraging a8 showing |
the presence OF outside capitalists. The princi-
pal Transactions made public were the follow
ing:
Jacob We'll aud George L. sea7erns have sold |
to Conrad seipp aGrs, corner OF Tlncennes
avenue and Efteth street, and 20 lots opposite |
car-shopa, on Wentworth avenue ana Is feet on |
North 1Asalle street, near North aveuua, Ill for
$50, 600 cash.
4. Loeb l. Bro. have sold for Dameir l. e.
Ter the southeast corner OF Clark and Schiller
streets. for $500. to Olivia Plows. Two thou
sand dollars more will be expended for add
aonal improvements by Mrs. Plows.
E1rr r. i
half of Sec 25. 50, Il, for $4,000 to Konntze
Bros, Of New York.
4. j. Averen has eold the old Harmon hon,.
.teaa. with 56x127 feet, to Enlily c. Lyon for
s18, 600.
T. B. Boyd has sold to J. p. Eeill. for s1n nm
he BRICK dwelling and lot, 5ox19o. east front, on
Michigan aEenuet between ThirtY filth aud Thur
y-si1th stteeta.
Chsce d Abel have sold 90 acres in the west
az 81 o. ths southwest qnartar OF Sec. IS. 81. II,
Enoe 6!osson has sold to Frank 1. Henshaw 20
400 feet on Randolph street, 60 feet west Of
dfth avenue, for ga 0oo
Levi Wing Co. sold two houses and lots on
fremont street, between Sophia strast and Web
ter avenue, 1t g.. 500 each, ,-s9 COO
Dawson l. Weich sold 451I00 feet on north
est corner Of Wood and Madison streets, in
roved, for S12, 600. ,
Richard Z Race purchased 288 feet On corner
: 1ager and Madison streets, With 263 feet ad-
r /
J. T. McCord sold house and lot sd4theast
osner OF sincennes avenue and Thirty eighth
Chester II. Clark sold premises Nos. 8, TO-
I'd = Thirty-elghth street, to C. =. Dyer, for
Is 900.
Alexander Mcdonald sold Nos. 10 aud 10 E ast
l.dlson street, with buildings, to John 8. Wai- !
les. for $500
c. a. Neage sold Block in Hiatts suba;vis-
. 600. ~
William Il. Lunt sold 50 feet in Block 62, /
vanston. to James Gamble, for $5, 600.
a4An H. r. Yose sold Lot 4, Block s, Kad~ I
ae heeney's Addition. Evanston, for 94,750.
August Hartmann sold $50 feet in Block s,
'nmetta, for S5, 6Do. t
Ebenezer II. Humphrey sold TO James L. /
arGo Lot z, Block l, Scovi!1e Niles Addition, ,
Ak Park, for 81, 500. Z
Franklin D. Cosstt sold to David j. Mitchell
OTIS 10 II, N Block 49, Lalranee, for $3.50. E
Sophie E. Glvins sold to Il. T. Cherry 50 feet, d
ot s. Block IL Soath Engleuood. for $500. q
George ". Hill sold 8si@xl3s feet on tho q
ortheast corner Of Warren avenue and Leayitt (
Feet for 8,0U0. 8
es7us F. Luse cold Lots q to -, Block L. in t
ceuey l. Rims Addition to Evanston. for slt.-
y. h
Charles S Crane sold co117o1< feet On Fulton l.