, 1879-01-19
REAL ESTATE.

Moderate Activity in Chicago Real. Estate
Chicago Dealers Finding Bonanzas In Lead
vilto Real Estate-Sales, Loans, and Build
ing Permits Of the WeeE-The Speculation
of 1860 in San Francisco-Tonemcnt
Houses in Brooklyn.
There was q moderate amount OF miscelane'
ous business done in real estate. There were
soma sales, some leases Of houses and stores
made, and loans negotiated. Some Of our deal
ers not content with the slow gains of Chicago
real estate, have turned their attention to Lead
vile, COL, and, having subdiridcd land there
with true Chicago enterprise, are now selling at
$3.50
LOTS THAT COST Is CENTS
each. Among other transactions, Pierce &5
Ware sold tWo-story house, and lot, on Wa
bash avenue, near Thirty-dfth street, for 81 500
q two-story house, and lot, No, 1920 Prairie ave
nue., S7,c00 400 feet, corner of Fifty-tfth street
and Western avenue, So, 500; and Is feet, cor
ncr Of Madison street aud Latin, $1,000.
In the other
SALES OF THE WEEK
we're undivided half of 25111 feet, improved, On
Wabash avenue, south Of Jackson, for 5o0,0 !;
27x175 feet on Michigan avenue, north Of Thir-
ty-ifth street, $1,000; 2oxs0 feet on Clark,
north of Washington, improved, $4,000; 20x
125 feet on Tompkins street, southwest, corner
of West Polk street, improved, $4,000; e5x130
feet on Indiana avenue, north OF Thirteenth
street, 5000; 1Sx171 feet on Indiana avenue,
near Twenty-sevcnth street, $1,000: 20x125 feet
on Tumpkins street, south OF Polk, improved,
S., 500; 2Jxl17 feet northeast corner OF Town.
send aud Elm streets, improved, $500; so feet
to alley on Park avenue, east OF HoEnc avenue,
5000; No. Langley Terrace, $1,000; S51125
fn4,t fThrfo, Ct Ent1th 1T West Tuy10r
s4,5O0; 25x17S feet Oh Michigan avenue, near
Tirty-second street, $1,000; 225G51 feet on
South Clark street, corner OF Forty-ninth street,
$1,000.
THE LOAN AGENTS
are doing only light business in this interval
between the building sensous. There Is some
borrowing for business and other purposes. Rates
remain unchanged at 700 per cent. Some the
loans Of the week were. S2O, 0OO on the corner OF
Van Buren, and Throop streets, for five years,
at 8 per cent; s15, 600 in three quarterly notes
at per cent On the corner Of South Water and
LaSalle; $4,000 for five years at per cent on
the Northwestern University PROPERTY at Evans,
ton; $4,000 for three years at Z per cent on 79
Randolph street. The total number OF trust
deeds and mortgages recorded last week was g,
for $213, GIG. For last week the number was 20,
and the consideration Sl3l, ,9N.
There ware eight building permits during the
week. The largest was 70 G. A. Jumnarich for
a two-storv store and dwelling at 448 and 450
State street, to cost 81, 800.
The San Francisco Daily Bulletin describes
1SC3 as the most stirring year IN
SAN FRANCISCO
real-estatc circles. The Pacific Railroad had
just been opened. It was thought that event
would flood San Francisco with population.
Most of the available land was bought up With
in radius OF ten miles from the City-Hall on
the south, and divided I'D into homestead lots,
which were sold and resold By speculative opc-
rators, many OF whom were considerably Dincled.
Some OF these lots can now be purchased at SO
per cent Of their cost price in 1868. That was
about as scanda1ous deal as any that has taken
place in stock circles The market has never
fully recovered from those transactions. There
was steady falling off in sales, and in many
cases in values, until 1878. The stock excite
ment which succeeded and which was followed
BY the largest output Of bullion and the most
liberal dividends ever known on this coast,
helped the market very materially, both In ac-
Jan. !, 1873, to Dec 81, 1876 The dry winter OF
1616-7 and the subsequent falling OH in the
bullion yield aud dividends are at the bottom Of
the Light sales Of the past two years.
Mr. White, the
BRooKLTN, N. T.,
real-estate owner, who has earned himself an
enriable name By building tenement houses that
combined the attractions OF comfortableness,
decency, and protitableness, states that during
the summer of 1878 he and his associates opened
seventy new tenements III Brooklyn, OF which
ntty-hve have been let, aud both these and the
older blocks built By them continue to pay a
good interest On the Investment. Ih1rteen six