, 1880-11-21

oO4NDA T. 4EO' '&1AA41411& q
The one in question will cost $50, COO. "a.
permit has already been applied for.
The first sale OF the new Chicago
REA1EsrATE CALL BOARD
on Thursday WAS satisfactory, considering
the prejudice that has existed in this city
against that method of dispostng of real
estate There was a large attendance, and
seven Of the thirty-eight pieces offered were
sold. and one more would have been sold had
the auctioneer heard the bidders voice. The
result was reported III full in THE TRIBUNE
of the next morning. The quotations from
actual sales are expressed as follows: :
Dearborn avenue, east front, $50 feet deep,
between Chicago avenue and Chestnut street,
per front foot; S176.
Dearborn avenue, northeast corner Chest
nut street, only 60 feet deep, per front foot,
$114T5.
Third avenue, west front, 100 feet deep,
between Polk and Taylor streets, per front
~ Chicago, avenue, No. SIS, three.story and
basement brick house. north front, lot 1914x
30, near Rush street, gross rents 11h per
cent, sG,250.
johnson place. No. 3745. two-story and
basement brick house, east front, lot 1943x
100, near Thirty-seyenth street, gross rents
114 per cent, S2,70o.
Fulton street, No. 1874, building Of little &C.
count, near Halsted street, lot 3ox170, two
fronts, per front foot, $50.
West Madison street, No. 807, between
Hoyne and Robey, not improved to best ad-
vantage, gross rents II per cent, $780,
Some Of these properties realized smaller
prices than have been offered for them at
private sale. The residence-lot on Dearborn
avenue, near Chestnut street, for instance,
has been held at over 500 d foot. The rules
OF the auction require property to be listed
below its real value. and the bidding was not
active enough to carry prices up to full fig
ure. But experience will educate the public
to this mode of buying real estate, and better
bidding will then be seen.
The first sale Of the Call Board was not
fair criterion of what may be expected i'll
the future from bidders. They we're not ac-
cllstolned to the
PROMPT BUSINESS METHODS
adopted BY the auctioneer, and expected more
dwelling on each parcel rs put up. It is con-
teuplated to have much longer lists at future
sales in order to bring together as many
BUYERS as possible, and in order not to detain
businessmen more than few hours OF all
afternoon the call must be made very
promptly. It is expected hereafter that those
who attend these sales will know beforehand
whether they want the property at the upset
price or not, and therefore must not take the
risk of having property passed through neg
iect of speaking ont promptly at the outset
In case Of competition bidders will hare
more time to consider the. .adyisabi)ity Of iu-
creasing their bids. The management Of the
Call Board feel very much encouraged at the
success thus far, and at the general favor
with which the new project has been re-
ceired, and promise to make the sale Of Dec.
Is go Oft with much less friction than the
opening one.
F. r. Whipple has made the following
sales: Two cottages and lots OIL Buttertield
street, near Forty-first and Thirty-sixth
streets, for $1,000 and $50 respectively;
three cottages and lots on Arnold street, at
Twenty-nintl and Thirty-tifth streets, for
$500, S1,400, and Sl,f5o respectively; four
lots on Portland avenue, at Thirty-fifth
street, for $4,000, or so per foot; one lot on
Ogden avenue. between Polk and Taylor, for
S51 per foot; three lots on ShurtleH avenue.
near Thirty-1rst street, for 500 each; and
two-story house on Butterfeld street, near
Thirty-second, for $500. "
Edward Goodridge sold for Mr.. L. G. Ma
son, OF Cleveland, o., the brick house and lot
No. 70 North Oakley street for s., 500.
E. s. Dreyer &c Co. sold o0>11x119. with two
story frame building, on North Clark street,
near Huron, for s, o,o09; ~three story marble
front, No. $50 North La Sale street, for
$3.50; two-story basement and attic brick
house, No. 81 Wisconsin street, for S4,600;
and 62>4xl20. northwest corner Sedgwtck
street and Webster avenue, for $50 per front
foot
John c. Long sold for I. q. Wnggoner the
northwest corner Of Soutl, Park avenue and
Twenty-fourth street, 25x75. and two-story
and basement brick. to Mr.. Percy ". Palmer
for 81, 80, all cash.
S. L. Gross sold for Mary J. Wheaton five
acres, northwest corner Ashland avenue and
Forty-seyenth street, for 1000 cash.
IN THE OTHER SALES
of the week were lO0xI6l feet on Indiana ay-
enue, northwest corner Of Twenty-fifth street,
$1,000; 25x1G3 feet on Erie street, west of
North State, 5000; 100 feet to alley OH Lar
rabee street, south Of Hobbie, S9.93S; G2,]4x75
feet on Lytle street. southeast corner OF
Arlington, improved, S9,300; 20x9o feet, im-
proved, on Dearborn avenue, north of CHI
cago avenue, s7,75o; 24x9o& feet on Fifth av-
enue, north Of Adams street, $4,000; 66x623
feet on Fifty-first street, southeast corner Of
Prairie avenue. $1,000; 4ox17o feet on Wabash
avenue, north of Congress street, $4,000; 10
acres on North Robey street, southwest COT
ner of Wellington avenue, $4,000; o0x60 feet
on Franklin street, north Of Randolph, S. ESQ;
40xoO feet on Fifth avenue, south Of Monroe.
S2l 900; 60x191 on West Monroe, between
Jefferson and Desplaines, $4,000; 50xl00,
improved, OIL Sedgwick, southwest corner of
Sigel, S11, 500; 622]16x1So on South Park ave
nue., northwest corner Of Twenty-fftt, ST.
797; 4s4x125 on Lawndale, on southeast cor
ner OF West Indiana, with 3o5x125 In same
block, $1,000; 40 acres OF Snowdondale ave
nue., between Fifty-ifth aud Fifty-ninth
streets, $4,000; 49x135 on West Jackson, west
OF Latin, 5000; 33x214 OH North avenue,
west Of North Wells street, improved, S5,2S7;
90x124, improved. on Irving place, north Of