, 1876-10-22

Two piats were filed Tor record tue past Week,
VIZ: 4 subdivision OF Lots and 10, Block y y,
feet east front on Dearborn avenue by e0A
feet, bounded on the north by Indiana street.
s. j. GIoYer's addition to Chicago, SUBJ
division OF the ". Il OF y. ". 4 Sec. 26, 80, 13,
lying south Of The Chicago, Burlington J.: q .
twelve blocks, bounded on the west by CraW-
ford avenue, and on the south by Twenty-si1th
street, having the railroad for its northwestern
boundary.
THE EXHIBIT OF SALES
of real estate for the past week Is very Light
one. The inquiry that we have previously re-
ferrcd to continues, but has not resulted in any
notable transfers. The principal sales were as
follows:
GSoqds stSkss seld L hot IL in = H{ss shsey
Addition to Chicogo, for 50, 0oO cash
I'm Brown sold one block of fifty lots In his La
Grange Subdivision to c. ". Sawyer fox 8, 600;
also to other parties nine lots in same SUBDIVISION
schrader Bros. sold two lots on Hoyne avenue,
Wicker Park for g. 1oo cash aon 5o o., lots ss On
and house and lot on Larrabee street. near Black
hawk, for 50, 600 cash.
Edward siebert sold 2oox1ao feet on Hyde Park
to Il. 6. Walsh for s33, $50. :,
Thomas Gleeson sold Lots and 3, Block 9. Of
Lot l. in subdivision Of the northeast quarter OF
Henry m Greenebaum sold to Moses Hess 4ox7o.S
feet on Fifth avenue, l40 feet sonth Of Washing
ton street, west front. for S37, 500. ~
John Gray sold eight lots-iU Block Gray's Ad-
dition to Irving Park for S15r0O0.
Solomon Snow sold the north twenty acres Of the
west half Of the southeast quarter Of Sec 35, Al,
Peter G. Tower sold 1a21s13 feet On Adams
street, west Of Oakley, for Sl9, 3SS.
I aoa xaa 81 fPif ave-
the southeast qaaftse Sec. Is, e. IS for s1o 900;
B. MsaS fad aG;s ana 90 10A
Patrick Joyce sold 25x1oo feet oa Michigan
street, east Of Wells street, and 2sx122 feet on
Wells street sosth 9Th OF Engenie street, to D. L.
~ s. Il. Sea sold 24x15o feet on Fulton street. west
OF Francisco street with feet in same block,
james f. Tyler sold house and lot on Wabash
avenue, south Of Twenty fourth street, for S2o,
George H. Drew sold to William r: Cushing
northeast and northwest corners Of irving place
and Polk street, 66 feet IN al' with ouilain@s 1os
$40, 500. n,,. ,.s..a.
The following instruments were 1led 1or rae-
ord Saturday, Oct. 81:
CITY PRoPERTI-
West Har55on 81 r. nesd dstea e cor
VEST supef;ol sS st. = + # t Of Les fcavitt st,
Evergreen y; AZ. | sss It Of Robey st, n (, u.o
wsst ssfson Is ansso st. aSo sdR + Of Campbell av
nj, 25x125 It, dated Oct 20 ........ 8, 500
Division st, betNorth State and Astor sts:
II, 4ozl1sA It, with buildings dated :. nm
sIts iS4H t. t. dated oct &c so.".. 5000
~ 6r91s f. dated OCT. lS............. $40
NORTH or CITY LIMITS, WITHIN a RADIUS OF SEVEN
H1LEs or TIE COURT HOUSE.
Seminary av, COX It n Of Montana ss. T.
20Hxl20 It, with improvements, dated
Oct 20.-.. .~..--..-.--......-..S z,euo
SOUTH OF err LIMITS, WITHIN nAp1rs or SEVEN
NILES or THE COURTHOUSE.
State st. 225 It OF Fortieth ut, VT, 25x
16O It, dated Oct q --.......--,....$ IluO
Thirty-ninth st, = " cor Clark st, 1, IS
II to railroad, dated Oct 10...-.--...... $50
SUMMARY OF TRANSFERS FOR THE WEEK.
The following Is the total amount of city and
suburban transfers within radius OF seven
miles of the Courthouse, fled for record dur
ing the week ending Saturday, Oct. 21: City
sales, IS; consideration, sS27, ,53. North Of city
limits: Sales +; consideration, s16. 800. South
of city limits: Salcs II; consideration, 5loo,a
West Of city limits: Sales, l; consideration,
$455,91s. [.-
TIE ACTUAL SITUATION OF REAL ESTATE.
South Park boulevard, 100 It n OF Thirty
eighth st, e t, 60x132 It, dated Oct lo. " wv
CHICAGO, Oct. 21.-The above Is taken from
in TEE TRIBUNE on Saturday At the price
named this lot sold for SIS per front foot. IN In
1878 property in this same vicinity sold for $500
pcr front foot, which, with a bare reference to
taxes, would make the reduction S125, or 624
per cent. 1t may be claimed, as was probably
the case that this price was obtained at auc-
tion. but 1t will be remembered that before the
panic the standard OF valuation was mainly
based on sales made in this manner
It is not BY any means pleasant
reflection to those who are the owners Of un-
productive property that so great depreciation
has occurred. Ever since the reaction COM
menced it has been insisted that the prices at
which sales have been made, did not represent the
true value Of property, but were simply conse-
ouent on q lack Of confidence, an over-suppay,
or the special necessities of sellers. But the
necessities OF the few nave become the necessi-
ties Of the mass OF real estate owners, and while
the business Of exchange for long time kept
up nominal values, that liad OF negotiation
has now manly ceased, and the actual
situation Of the the real estate market
has become question Of importance
II there is any hope in the futnre OF Chicago,
as all confess, it must be apparent to those who
have given the subject Of real estate any tnves-
tigation that, at any such prices as that noted,
most satisfactory investment must result from
the purchase Of that class OF property Those
VINO can will doubtless hold rather than sell at
such figures, but the disposition of buyers VINO,
it must be confessed, are now masters OF the
situation, is to wipe out the imitation which e.
listed in this as In nearly all other classes OF
.tofi hafnva the manic. and ONLY