, 1879-05-04
REAL ESTATE.
The Market Stimulated by an In
yestn1ent Demand.
Buyers Looking for Productive, and
Not Speculative, Property.
Last Weeks Sales Of Business
Buildings and Houses.
Large Number Of Building Permits
Loans Of the Week.


a New Subdivision on the North
Side.
Real estate is beginning to feel the impetus
of demand for investment property. There
are fortunately no Signs Of any such craze as
that which eliminated in 1873. One such ex-
perience in thirty years is enough. But the at
tention OF capitalists is turning to
REAL ESTATE AS AN INVESTMENT.
The activity that begins to appear is conse-
quently confined to narrow limits. What is
wanted is improved property that now pays a
definite rental, or property that can be certainly
made productive at once by improvement. a
well-informed banker Of this city, in recent
conversation comparing the relative merits
OF i per cents and Chicago real estate,
estimated that 81, 100000 could lie
easily invested in the very centre
Of the city at prices that would yield net profit
OF 7t19 per cent Rents have not yet advanced,
nnd the price OF realty is still at the bottom.
These facts attract one class Of investors
those who can take risk,-but at the same time
deter IN extra-conservatiye class, who will not
buy till an advance has occurred to show that
recovery is actually begun. All
TIE IMPORTANT SALES
there are to report belong to the investment
class. During the past week Mr i. J. Ayerell
has sold for the Receiver Of the Third National
Bank of Chicago to Mrs. susanna r.
Lees, Of New York City, the tlre-story
store Nos. 10s and 11O Randolph street,
lot 40x1s0 feet, for so5,000 cash;
- feet on Michigan avenue, west front, just
north Of Eighteenth street, belonging. to the
estate Of the late Col. James, sold to E. S.
Alexander ana others for s17,715. This proper
tt will he Immediately improved with resi-
dcnccs. Mr. Ayercll has also sold 7S11 acres in
Sec. IS, Township 80, Range 13, III the Towu of
Cicero, for sac, 400 cash. Another important
sale made last week was that Of
THE SPRINGER BUILDING,
at the southwest corner OF State and Randolph
streets. This well-known business-property has
1 frontage Of log feet On State street and Of 80
feet on Randolph street. At its southern end
on State street the building has for 20 feet OF
its front depth Of 80 feet, the next 36 feet
have depth Of 30 feet, and on the corner its
dimensions are 30 on State By 30 on Randolph.
The rental is $4,000 a year gross. The price
paid Was S13l,0O0.
Griffin G Dwight have sold house and lot No.
cash; also house and lot No. 165 South Green
street for Mr. Mccormick to Mr.. Cullen, for
$1,000, all cash.
The following we're among the
OTHER SALES OF THE WEEK:
119x297 feet on RisselI avenue, north of Forty
first street sSoo 255115 fes5 On Curtis st5ees
avenue, s, 1872; o011l4 feet, improved, on West
Adams street, near Wood, $1,000; 25x100 feet
on Fourth avenue. south Of jackson street,
81, go; 1874 feet on Hubbard street, west of
Roecy 6S71so feet on vneepnes st = e;e: En-
25x12l feet on: Sedgwfck street, south
proved, on Vest Indiana street, southwest cor
ncr OF Noble street, $500: 145x10o feet on Ada
street, improved, northeast corner of Carroll
avenue, $4,000; S2x125 feet, improved, on Ada
street, southwest corner Arbor place, $1,000;
81xl21 feet, improved, on Sheldon street, corner
Of Arbor place, SD, 800; 1001181 feet on lndi-
street, $1,000; triangle lot, 38Sx2244x25 feet, at
the northwest corner Of Lumber and Throop
streets, SI0, 600; 20x110 feet On Kinzie street,
east Of Dearborn avenue, - $50; 961125 ieet on
rhirts-thrd street, west OF Jones, S3,o00; 24x
120 feet on Canal street, south Of Sixteenth.
So, 900; 50x123 feet On FultoL street, west OF
Lincoln, s., coo; 25x172 feet, improved, On Michi
gan avenue, north OF Eighteenth street, $16, 900;
:0150 feet, improved, on Loomis, south OF West
jackson, $500; 231116 feet on State street,
On South PARK avenue. north OF TWenty-thlrd
street, $500; 46x94 feet On Fifth avenue. north
Of Harrison, 5000.
snYdadker s. Co. have sold 80 acres near New
aid avenue, near Thirty fourth street, for $780,
SATURDAYS TRANSFERS..
The following Instruments were filed for req
ord Saturday, May g..
CITY PROPERTY.
West Van Buren st, 50 It OF Francisco
st. II, e51l0o II, dated Mny 8 moses mn
Hapo1een paee, 5 LOO t a'eo9s OF Butler st.
:2;x1e4 s. 10 It, dated May 3 (John L.
Hancock to John Wagncr! --...-........ !, 100
Gardner ST. " o1 Larrabec st. u, 21 9-1O
49oft. improved, dated May (John
Dick to Frederick Fink) :. ......:..-.- 1900
College olase s9S e re q S0ttsss ts 6 SFqye
L. Fake to +: =; Fite} ..:.....-.. :. a.4oo
Campbell AZ. IS It . Of W est Congress et,
l. jenfs Se1 Z Wa fl sntsS T. AR5 2aaro:. 5000
Sats5 Ms1sa 8 s @osss a s ksSs9 t"
Bremen st: cor Of Elm t.:s ST, /: 35xIoo 1''''
Il, dated March 20 ts1oses Il. Saber to
panis aaaar: ~, Henssft eoa oi Thompson St
l20 $40 It, dated April - jacobson
s. Tallman to H. Gilbertson). ........... 1900
West "2sa!ngto1 9@ = st. ao5 # % q m Curtis
hssher l. + to ~ Il iasnes} aa'ed nay Nv: g.
stearns s.; s., bet t. ,!ain ana Quinn sts,
l. -uta1oU II, GATED April II IL. A.
Kennicott to Mary Oseood). .., -. 200
String st, 2g2k It Of Canafport ay, e T.
30x07.. It, dated May 3 Sophia Weighs
to Frederick Wllken)- .-.... 80. ...: 700 !
Wallace ct, 166 It OF Thirty seventh st,
I, o41l23ti It, dated May ) (Albcrt
Haase to Mary 4. Sampey). .......... 700
Oakley ay, 1o4 It Of Moore st, t, 28x
100 It. improved dated May (Joseph
II. Nockin to James Crosby}.. - 49,. 900
Boston av. 25p it OF South Halsted at.
II II. 25x72 rs It, improved, dated May
Qeidor Eisenstacdt to Z. II. Bake). 1900
cat Monroe st. 247 # Of Aberdeen st. |
I, 25x150 tt improved. dated April
29 {{'alusha Anderson to 1sidore Eiscn-
Wabansa av, $50 # " Of McHenry st 3
1, 25xl05 it. dated May II, 1873 tChl-
cago Land Company to Martin keatius): / 600 !
Milwaukee ar. Is It of C1eavor st, s
u, 10ox1443x II, dated April {Jacob
Shaffer to Ann Johnson)....-. ,...-.. 18, pDO !
soRTH or CITY 11ErTs, WITHIN RADIUS or SEVEN
NILES OF THE COURTHOUSE
1lay ar, 148K # " Of Huck az. n I, 148K
xb27 IT. dated April 28 (John Narbach -
to u. Simmerl). ..----. ..-.-. ......S 500 t
oETH OF CITY LIMITS, WITHIN A RADIUS OF sEvEE
NIIFs