, 1876-10-08

MODERATE NUMBER OF TRANSACTIONS.
In the sales reported below the condition Of
the rca]-estate market Of this city is very fairly
represented They arc not numerous, and the
considerations paid are proportioned to the
present views of investors. not the former
dreams Of spectators. The purchase by L. z.
Letter Of the building 1879 and 20l Madison
street, on the north side Ut the street and west
Of Fifth avenue, is a specimen Of the class Of
Investments from which Chicago real estate has
most to expect This property has frontage
of 81 feet, and was bought for
$4,000 cash. The building is q new four
,torv stonc-front store, and is leased for three
Gears to kindskopf, Barbe & Co., the present
tenants, at $4,000 year. The price Of this
purchase was determined BY the income the
nroperty would Yield, andthe consideration Was,
presumably, part OF the profits OF profitable
Chicago business The TRIBUNE has frequent.
" pointed out that the real-estate interests OF
ChIeapo dcpeud much more closely for their
support on the investments made by business
men, making money here. than on any speculative
class, or any migration hlthcr OF foreign capital
4 resume Of the most Important purchases
vii show nearly all OF them TO have been made
by our leading and successful merchants. It
was this class that built up New York, and that
will give Chicago realty its most solid aud en-
during development.
Altboueh operations in boulevard and park
nronerty have been restricted for q year or two
mast. constant improvements are In progress
II the neighborhoou Of the magnificent
system that surrounds the city Our readers
are already familiar with the deVelopment OF
the South Park, Fully IS much nes s oeeh ,hr Gome
hood Of HUMBOLDT Park. Since last spring the
aspect of this resort has been entirely changed.
beautiful lake has been. made, thousands OF
trees and shrubs planted, and inc, ~ch-naoo
roads and paths laid out in every d.rce hncs
ton; Eighty aa5e' sb;s wax nave placne Hum
boldt Park at the head of the Vest Side parks.
The city has already crept up along Milwaukee
avenue, Division street, and North avenue M TO
within a very short distance Of the park lhe
means Of communication with the park from the
central part of the city are very good, co1npris-
Inc Street railway on North avenue. Division
sneet is being rapidly improved, and by next
epring will afford one Of the best drives out OF
the dfy to the park system. Among other m
proVements in progress IN ,anon@ aannUos 1satnrs 70
It'll Iittle '1uenna monntstn Is to be thirty feet
high and viii contain IS 1000 cubic yards OF Garth
On its summit an observatory VIII DC erecteu'
giving total elevation OF sky leet: ~ 9 gu,
the lake. The advantage to the present anu ~
ture population OF Chicago Of its generous park
and boulevard system can hardly be oVerestf,
mated. In older cities, home or abroad, sna 1eu
streets, or near roomy, Teil-planneu palho ths rs
the p1crogatiyc Of the rirh. But persons Of the
most moderate means can secure homestead
slte ona Chicago boulevard or park- [19Pe.y
Is selling in the neighboraood o. Hum
oolGt Park at $50 q foot and less, anu L:9 nusS
md lot tu an eligible situation could be secuIeu
tor s., ZOO. 4 city that places coroon ~ ~
thirty miles Of such sites for residence "1tnln tne
.feach of nersnns of verv moderate means must