, 1879-01-26


natl Manufacturers Kemovin. to Chicago
x-I.aborins Men Buying; Lots for Homes
Sa,o5 and Building Permits of the Week
-TmDroyemenr OF Zeal Estate in New
York.
The most interesting item to be furnished
about real estate during the past week is n
onfnion. The opinion was uttered By one OF
the most successful and prudent bankers of the
citr. gentleman who has large real interests,
but never speculates, and has never offered his
nrooerty for sale The opinion was that within
six months there would be seen
AN ACTIVE AND CPwARD MOVEMENT
in this city for real estate. The source Of the
remark gave it q weight it would not have had
cominr from real-estate broker. When asked
why real estate should show such an im-
nroyemeut, he said: "There are great many
men in this cIty-they come to me every day
who hare money accumulating on their bands.
They cannot afford to let 1t lie idle, and they
are not willing to accept per cent from the
Government. This would give man with
$4,000 in cash only So, Geo year income They
see that stores and houses In the city are web
r.n,od They see other men putting money
into land and brick and making 6@9 per cent
nct I hare . friend who has ustinvested $751;
nao in lot and building and rents for s, 900
year, which gives him
s PER CENT, CLEAR
of taxes and insurance. good many OF these
men are looking about now, and are getting
ready to 90 into real estate, and when theY
once begin they will go in with rush."
Thi. was the opinion, and it is submitted for
what it is worth.
4 case in point is that OF a capitalist who has
| been making extensive purchases on tie North
Side, between Indiana street and C11cago ave
nue., with the intention Of improving With
houses to rent at moderate price.
W.D, Kerf6ot l. Co. sold two and oue-haH
acres on Sixteenth street, near Halsted, for
$1,000 to some Cincinnati parties who Will
y 1ee1 font on d tnensy stSs o;
in the lumber district, south OF Sixteenth street,
west Of Uaisted street, at $500 to $500 eac0, 10
laboring men, who are building houses for their
| own use. ,.
estipc OF six stores and three dwellings, on the
! southeast corner Of Van Burcn and Throop
streets, to A. T. Howe, OF tLis city, eor s6o oto
E. S. DEeyer & Co. have sold In their new
subdivision on Forty-cishth street and AsAland
avenue. three lots on Ashland avenue, near
! Forty-eighth street, ut S:41 each; ard t"o lots
| on Latin street, near Forty-eshsh street, at
| $50 each, and I two-storE frame house, VITA
lot a5zl9O, on Randolph street, north 'front.' east
| 10: On Chestnut street, near STATE, for Sl,l5o'
| cash.
| In the sales OF the week were o6tx10I feet,
| and 792xl24 feet on Western avenue and 1"elilh
! street, $1,000; 1lUxl6O feet on Indiana avenue,
| northwest corner OF Twentieth street, $4,000;
t aGyso feet on Adams street, pear
Wabash avenue, $1,000; 30xl2o ice. on West
| Randolph street, improved, S3,53); S515o 1ees
| on State stree, near Couch place, S13,otI. :ux
156 icet on Leayitt street, near Polk, $3.50;
Block $, kedz:e avenue, southwestern cornrr OF
Ogden avenue, 5000; :o1l03 iect Ga west
Madison street, southeast curacr o1 SelteFson n
street, 6,U03; No. 6U2 aoash. etvoVt,
three acres, with buildings, On Thirty. .ninth
street. near Ashland avenue, TO @ 1ae me- .n;as
American Packing Company, s125:o 900; :oxis3
feet on forest arenue, :norovea. nsaE lnnss
fifth street, SG,00o; 5o1i0O leet on flA stseet,
north of Twentieth s9o; tv1Si9y Taxisr II g 1O.,
| 25xl30 feet oa South Park avenue: nsat 1hIt~
| teenth street, improved: SS,0U; :>-1E-o .ecs ~
| West Washington street. west y! Luso.a'
| $3.50; and 5Uxlc0 feet on IWcnty-1nntn sttee1'
| between South Park and Vernon Avenues
$4,000. -
| The following instruments were fled 1os
! record Saturday, Jan. %:
CITY PROPERTY.
May st, so IT u of Siceteenta st, ef; 2Sx
100 II, improves, dat dated Jan- IL ea' soo
| May st, IS It Of Nineteenth $, CT, :.51
| leo it, dated JAN { III. Stepanek to ooo
North h1its, na1;tcd It, aos It o, Willow .t,
| t, o4xl40 IT, dated Dec. 10, 1873 roo
| (Adoph Cericke to John Ludw'g1 -. oeo
| Despaines st. Ito It Of Van Duren st,
| #, .7Axl00 it. improved, dated Jan. ,,o
| - {Joseph t. Finch TO BroTn & SHAWL l.. ooo
| West Jackson st, 10j IT v OF I1onore It,
| ST. 2Ax125 It, Gated jan - Colbert ~,
| b. Jacox TO Ann L. Seascy). -. 3'ooo
West jackson ST. same As the above, cased
| Jan. II tRoberr Il. Dean to Ann l.. am
| Cant 5aH
Dean a,' 81, 81 III II " Of Ps:iina 81, nef,
| o4x1OO It improved, dated Jan. 81 led
| mund Sounen to F. GrosskIaus) ........ 1s0oo
| West Lake st, c cor Of Washtenaw AZ,
| ST. l311o5 #, dated Jan =. H. P. ..o
Williams to Z. \. Cleyclard.-.. 400
West Twentieth 81, 100 It t Of Lincolnst
nj, :,5xl-5 II, dated Jan - II. j.
Eruck to j. c. schumacher). ......-... 3s5
Nabnnsa ay, " cor OF Commercial st. Il
I. 49x1u6!* #; also Wright st, Ell TIN
Of Kawson st. c I, 25x14S IT, dated JAN
~ tThomas II. Cochran TO David a.
toe1Tanl 1,ooo
SOUTH CITY LIMITS, WITHIN EApEC5 OF SEVEN
MILES OF THE coCnT-uoC5E-
Oswcl1 st, near Fi:ty-sccond st, c I, 25x
I26 It, dated Jan. II Henry 8. Levi. 49,.
Fosty yaaa.sn IT, g It II aberdeen 81,
nj, 5O1l25 II, dateo Dec l0 1875 {R.
aad D. Frey 70 Philip Doughersy) .-.... $50
SUMMARY FOR THE wEEK-
The following is the total amount Of city and
suburban transfers within 4 radius Of seren
the week ending Saturday, jcu. Is: City sales,
ST. consideration, S2266,50S. South Of city limits
Sales, $; consideration, 5157,535. Total sales,
sc. Total consideration, $42f, 0i3.
There we're ten building permits during the
past week, none important.
To show the advancing
| TENDENCY OF REAL ESTATE,
| it is said that three months ago au offer Of
1900 cash was made to Judge Otis. ReceiSer
Of the State Savings Institution, for Block %,
E.andale, situated on the southeast corner o.
| Fifty-drst street and Drexel boulevard when
offer was declined. This week IN offer Of SIS
| COO has been rece;Ted for the same block. :.
Attention is called to the fact that MT. +. 4.
Warfeld, who represents real estate to the
amount OF s15oo, ,00u, will sell to parties that
desire to secure home, on the small payment
| OF 10 per cent OF the purchase money down,
| and 10 per cent year until paid, with interest
at pcr cent.
The causes referred to in the opinion quoted
at the beginning OF this article are alrcadT at
work in New York. The Herald says eattora!ly
| it is BY no means discourag:ng to find that ne
| movement in real estate which was predicted =
the consequence Of rapid transit is gradual anu