, 1880-05-02
REAL ESTATE.
transactions in Land Not on an
Active Scale.
Three Thousand Acres at Kensiueton
Bought by the Ring.
Sales OF the Week-A New Manufactur.
ing Enterprise.

Heal estate has been quiet the pagt week
raging taxes and closing out the fag-ends of tht
renting business have tasked mos. Of the enerx,
OF these interested In real estate, The Duh1ica.
ton OF the first full and authentic particulars IL
TIE TRIBUNE Of last Sunday with regard to tht
Site or the new Pullman Palace-C Car Works ex.
cited great Interest In real-estate circles. One
OF tne most important pieces Of property needed
by the Company Was not bought till few DAYS
before the announcement WIS n1ude. II was n
part OF the site OF the works, and was purchased
Tor $500 an acre. The amount Of land bought
up In the neighborhood of kensingtou by the
propr1etors OF the new works aud thoir friends
Is not less than
THREE THOUSAND ACRES.
The whole story, as We intimatpd last week has
not been told yet; there are other projects OF
moment hatchtng out In the same vicinity,
Another railroad scheme Is to be added to the
car-works. Deeds for large amounts of land Ia
and about Kensfngton went on record during
the week, but they were mostly for land bought
some time ago. No new purchases were re-
ported of any significance. The Pullman enter
prise has turned all eyes again toward the
south, and property Of all kinds is looking up.
The Illinois Central has put on
TWO EXTRA TRAINS,
and committing arrangements have been made
with the Michigan Central. "A summer Of mod
crate and healthy activity Is looked for by real
estate agents. A piece Of property at Ken
wood that sold last year for $1,000 has just been
resod for $29, 600; another that brought $4,000 a
fow months ago has recently been sold for <21,-
coo. Ten acres on Western avenue, at the cor
ner of Forty eighth street, have been sold for
$500 an acre,
THE HIGHEST PRICE YET MADE
for this vicinity Another piece OF ten acres IN
the Unfversity Subdivision, at Wood and Forty
ninth streets, has brought 81 ,3O an acre. There
is an inquiry for eligible property, though light,
and brokers feel encouraged to believe that
they will at least make living this summer.
Messrs- Jones & Laughlin have bought all Of the
property bounded by West Lake, North Canal,
and West Water streets, running to point at
Fulton street, being $50 feet On West Lake, a.
feet on Canal, md 3l3 feet on West Water. On
this property Jones l. Laughlin will build one
Of the
LARGEST NAn~FACToRIEs
in the West, fronting 26s feet on Canal apd 16o
on West Lake. Among the buildings which will
have to be removed is one Of the oldest taVerns
in the city.
nue., near Sixteenth street, to W. F. Studebaker
4 portion Of G. d. Dyer's coal-yard, corner Of
@ Stewart avenue v M and an Grove street, 1oxao feet,
Cbappall for $l6, 500,
William A. Ewing sold for Gilbert Hubbard
three-Story and basement broWn-stone front
residence. No 45 Dearborn avenue, with lot 25x
l0o feet 70 Mrs; Louisa n: Charnley, for 81, 900.
Also, to Mrs. Charlotte r, Warren, three-story
basement brick. No. SIS East Division street,
with lot 30x1l9 feet, for $500
nj: D. H. Hammer, who owns f'tty-ave acres
at Washington Heights, On Haisted street, which
cost him, two years ago, $500. WIS offered on
Monday $13.15o for the property, but declined to
sell. Immediately adjoining Mr.. Hammers
tract Is lot Of twenty acres, owned by Mr.. a.
Swart~ An offer on Monday Of $50 an ncre was
mA6R fnr the nr0DprfY hUt rhfnE96
The following figures show the business OF the
fret nY>a rtar of 1874 and 1881.