, 1879-03-09
REAL ESTATE.
Valuable Office Building Sold Near
the Board Of Trade.
4 Loan, indicating a Permanent Be
duction in Chicago Rates.
Important Developments in kthe
New Lumber Region.

} /
Sales, Loans, and Building Per
Inits--lE Taxation.
Real estate is active for the time OF year.
| good deal Of improved business property, yie1e
ing income, is in negotiation. The most in
portant sale OF the week was effected BY q. 4
! Hurlbut, who has been the agent for the pul
chase of several Of the most desirable $usines
properties in Chicago for Eastern capitalists
He has bought for m Eastern investor th
Office building on Washington street, 16O fee
west of La Sale, for s127,500. The building
forty feet front BY $50 feet deep, four storie
high, and has q fine stone front.
One Of the
IMPORTANT EVENTS
Of the week was the negotiation Of per cen
real estate loan. This rate has never, or hardl,
ever, been made before in Chicago real-cstat'
loan. The loan was made by Mr.. John G
Sborta1i for Eastern lenders on the Tabernacle
property Of MIR. Charles B. Farwe11- Th'
amount OF the loan was $4,000. The stores tt
secure the loan stand ut The corner OF FRANKLIN
| and Monroe, and have a frontage on Monroe
street OF 1so feet, valued ut $500 foot The
rate on this loan, Of per cent, was not arci-
| Adpltd4!SL5 III tHE cdSt are utM AEtt1H55
but per cent for frst-c1ass loans, and loan
! agents here have been notified that choice loans
at o to w per cent will be accepted. Ibis
downward step in rates marks an upward step
in the development Of Chicago. and shows that
the credit OF business men OF this city among
Eastern capitalists is Of the highest.
! Some eight years ago ';Walker's Dock Addt-
| tion was laid out to give additional
FACILITIES FOR THE LUMBER TRADE
OF the city, but the crash OF 1873 put an efect1al
rf1{EEuS all Surfl fnfcrnrisac Thnt trort
OF land has remained dreary waste OF unan-
fshed canals and piles OF clay. Two leases inst
closed by B. ". Thomas d5 Co. for the Chicag o
It Northwestern Railroad Company with the
wel1-Enown lumber firms OF Henry Barker g.
Co. and 8. Z. Martin show conclusive'y that the
enterprise is not dead. Messrs. Henry Barker
dE Co. and s. Z. Martin have taken for ten
years the tract OF land on the Chicago River
with the private canals. ETC., thirty
acres, giving to each yard some twelve
acres Of ground for pillng, building, etc,
over GOO feet Of canal and river dockage alld
1850 feet of railroad track. Each firm will at
once proceed to finish the canals grade and
plank their entire yards, builu brick offices,
large planing-mills, dry houses, etc, and put
their yard il permanent and complete condition
for their trade at an estimated cost of 100000.
Their arrangements now made are to handle on
this ground during the present season over co.
0oo0oo icet Of lumber, Ia. 000 600 to 200 600
shingles, with lath, eash doors, etc. ia proper
ton, and they will load in their yards over 5000
railroad cars, and give employment to some $50
or 800 men.
IN THE SALES
OF the week we're Lots and 9 on Ogden avenue,
southeast corner of Rockwell street, S., 600; 25
py 10 feet on West Taylor street, east Of Caual
street, improved, 81, $50; % BY 102 feet on Car
roll avenue, northeast corner OF Elizabeth street,
s2,soo; IS by Iii feet on Hoyne avenue, north
west corner Of Congress street, $4,000; 81 By
Go 1eet on West Madison street, near Centre
avenue, improved, $4,000: 25 bv 1875 feet on
Wentworth avenue, south Of Thirtg.flrst street,
improved, $500; ~ By 11G feet on State street,
north OF Polk street, S4,790; 25 BY 10 feet on
South Dearborn street, south OF Thrtr-irst
street, improved. $3.50; 100 feet On Park ave-
nne, near Filty-frst street, improved, $4,000;
near z Es sres BY On 100 fset on sa'e on
taro street, near North Market, So, 500; 80 BY
100 feet on West Washington street, near
Union, $4,000; 25 by 1101 feet on South Hal
sted street, south OF Nineteenth, s2,50o; Is by
~ feet on Wabash avenue, northeast corner Of
terrace, northwest eorHer 'df Mdnie sHfehuGt to
the alley. $4,000; 2G bY 100 feet on Archer |
avenue, south OF Twenty-drss street, s3,3S5;
south Of Sixteenth street, SIS, ,ooo; 5 by s6 feet
on Oak street, southeast corner OF Townsend, !
$3.50; a BY l26 feet on Hoyne avenue, north |
of West Adams street. s6,5oo; and .25 BY LIS |
feet, improved, on West Forteth street. south |
E. S. Dreyer & Co. sold cottaee and lot On |
Chestnut street, near State, for 1900; 4S15x150
on LaSalfe street, $50 feet south OF Grant street,
west front, for SIPS per foot, cush; the north
Sl2o per foot, cash; also eight lots IN their
Stocz-Ya Subdivision, on Ashland avenue and
Forty eighth street, for 800 each. =:
REAL ESTATE.
The following instruments were tiled for rec
ord Saturday, March Z:
CITY PROPERTY.
II Nestern av, near e cor OF Nineteenth
st. W !, 1Sx1O0 #, dated Jan. &G. ".
Armbtuster to G. T. Lichtenbcrg} ..... s 500 |
Bremer st. corner OF Elm St, v I, so
x1v0 tt. dated March a Eli B. Williams
to Hoses l. N,Dsp ::..... -. ;;-.: 1850
l44xl2oxs3 II, improved, dated March
+ (John Landwcr to Fred Diermaun>.. 1,400
superior st, 7e It w of Townsend st, nj,
4Sx100 It, dated March Lyman C.
Toml1nson to James Low1 49,. ......-. 5000
)ussoj1 st, 12o II " OF Jefferson at. n I,
und Is Of 2'113 II, dated March S tJohn
Houssa to Conrad l1ouska}..... -. -. IT'S
est Monroe st, E3O II " O: Lincoln st. n
I, 24I1a3 It, dated Mae.n : "a. G. and
" S. Elliott to Charles E. Conge:sc).. $500
lu1on st, Of St. Clair st, VI, i43
11G9 It, dated Mcrch (Lucy S. and |
Ebcnczer buckingham to Mary D. Stur-
Wilcox st. " OF md near Rockwell St,
I, 5ox1so It, dated July o6 1873 no !
mer Potwn to s. r. Rust}. ........ 1885 |
Varren ay, I75 l-1o + Of Kobey st, $
!, 25xlo3 It, dated March {Abial r
Abbott to Abigail D. WILCOX ...... 2 600
Grren ar, same the above, datcd
March tWilliam i. Wilcox to A. r
:rsmer St, 2oi It Of Union St, t, x73 ooo
II. improved, dated Nav /, ISIS $ 'CTheo. :I
dore Held TO Martin Schmutz> ....... GOO :
ossuth st, 2G4 It Of Murray st. n f. | :
Lots ! and 1, dated Feb. ada T. A. ,
Binniug to Patrick Walsh) ....... 315 | r
ossuth st. 21f It e of Murray st. n r. 15 | :
1l21 It. dated Feb. I {Ada l. L. lin :
ming to Adam Couraths} So. 3nn | :
astings st, La # " OF Paul,na, s T. la =
xl24ft, with r. other lots near the | q
above dated Feb. % flames St,nson to :
the kcntnkcy Land Company ......, SO. GOO | 3
orth Dearboen st, II It i OF Goethe, " T. | +
- g. -10x1303t it. improved, dated March r
s (Freicrick Lehman to faul Eothbarthl :. 5nn | :
lcksOu ct, 3S4 It OF Dlackhawk + ' | =
24xl37 Clio It. dated March s M and :
Q. G. Olsen to Tobias Samuelson) .. I 5no | =
,urH OF CITY LIMIT WITHIN RADIUS mr. svvrr | y
MtLEs OF TIE coUnT-1oUsE | h
cEibben 1t. n " cor OF Forty-sjxt st / y
c I, 275x125 #, dated March ) {Koberr 4
Douglas to Edward L. UDtonj { 17s c
slumet av, between Sixty and S,xry-frsr +
st. " 9, 7oxl7S It, dated Marcn 5 1Roh /,
ert Douglas to Edward l.. Upton}. =. % ao= Il
re1ol boulevard, cor OF Fort = fmrth ~~7o' I;
81. +, 90t21IC0 $40 it to ColtaSa e
Groye av, dated Feb. 90 flames StjDs5n h
the Kentucky Land Company. 1880. 81 mn Il