, 1880-10-31
q; consideration, S15o,os5. West Of city
Limit liT;itsESales, !; consideration sse29 S., Total
ACRE PROPERTY.

| ACRE PROPERTY.
The most important transaction put on
record last week was the sale Of ten acres
OIL the northwest corler Of the Grand Bon-
1eyard and Forty-eighth street, excc tstreets,
and 150x150 on southwest corner Of Forty
seventh street, by Jonathan Boyd to 0. W.
Clapp for $4,000 Mr. Clapp sold the Calu-
met avenue front OF his purchase, G25xl30
feet, on each side Of the avenue, to Mr. Ed
son Keith, for S27,5W.
Henry T. Chace has sold In Woodlawn
fifty-iiyc lots in Wait & Bowers Subdivision
on the Illinois Central Railroad, between
Sixty third and Sixty-seyenth streets, for
81, 1000; house and four lots at South Chica-
20 for s., 100; two lots at Cornell for $50.
Lake Calumet begins to feel the stir Of
speculation OH its eastern border. Several
manufacturing concerns have begun to look
for sites on that side Of the lake. Work on
the canal to be dug through by the Pullmars
has been begun. Tie dirt taken out
| for a railroad to run parallel with the
canal. The plan for the railroad is that it
! shall start from point on the Illinois Cen
trail Railroad Company's tracks just west Of
and below the Pullman Works., crosses
Calumet Lake on the channel embank1nent,
continuing its course nearly due cast to the
| DalvitIe 6 Vinccnnes 1:ailroad. which it is
! to join at point below Browns Mills. It
| becomes a part Of this line running into
Tic Chicago Real Estate Jour7,a, express
es the opinion that a large amount of capital
will seek suburban tracts of real estate near
| the city in the immediate future o, account
Of the wonderful history they have made,
and are ripe for repeating. The mast rapid
fortunes, it says, have been made III this kind
OF property, aud It gives these examples:
Washington Heights was purchased in 1868
pnny for S35,000. The dividends OH this in
yestment have reathcu nearly SS50,00O, and
there are nearly 100 acres now marketable at
from 81 ,N0 to 81 500 per acre, or a clean
profit of ssa5, 600 on $35,000.
In 1865 ". B. Ogden, now deceased, paid
$50 per acre tor eighty acres in the Town
of Cicero, adjoining the city. The same
tract was sold ten years ago at $500 per
aefs Sd + rs IS no" worth atleast 5000 per acre.
Nearly 1000 acres was sold in 1872 in Sec
10, 50, II, at s., 900 per acre. Tile full depth
lots opposit the car-shops Of the NORTH
western Railway Company, being that Dor
selling at from $50 to 81, 1o0 per lot, twenty
five feet front. The increase in the remainder
is scarcely beiievable. There are many large
fortunes in the total valuation.
ist St stree Street sold TSns sifSs ioT sp5 q and but
few months after for Sl0&0o0. It is now
within the city limits, and is worth from
$1,000 to $3.50 per front foot
BUILDING
The new building just begun by the Chi
cago Sugar-Refning Company. on West Tay-
lor street, running from Beach to the river,
will be eleven stories and basement high,
and will cover 160 feet square. 4 second
hri1 1,-i11 1,o n1.ruf rn.1.n font +a.,
stories and basement high. Besides these
cred with buildings will be about 150x310
feet The capital stock subscribed is $780,
600, something more than half Of which is
being held respectively BY Marshall Field, l..
z. Letter, c. II. Mccormick, Martin Ryerson,
William Dickinson, and II. c. Carver. Tho |
buildings will cost 100000, and will be fin I
ished in july or August.
The Board of Education has decided to call |
for proposals to sell to the City Of Chicago |
sites tor schools in the vicinity Of Wabash |
avenue and Twenty sixth street, to relieve !
the Afoseley and Douglas Schools: III the Vi |
cinlty Of Union and Eighteenth streets. to |
relieve the Walsh Street School; III the Vi |
avenue, to relieve the Foster and South |
Union Street Schools; and iii the vicinity Of |
Warren avenue and Oakley street, to relieve |
the ltayeS. Brown, King, and Marquette !
appropraton of $50 51 Tor school 5udines Id ~ and md
sites. 4 new school is to be built in the vi
entity of California avenue and Jackson
Bricks are in abundant supply, 50, 600, 900
being OH hand i'll the yards. Prices range |
between S8 and $40 a thousand. Consider
able building has been postponed till spring
II II consequence OF the recent rise Of - 4
III the buildlng-permits of the week were
those to the Chicago Sugar-1tetining Com
pany to erect all cleyen-st0ry refinery, 150x t
:'l0 feet, corner Of Beach and Taylor streets,
to cost $500, 600; to T. 4. Koch to erect Il two
sS5o to B. F. iiutchinson % I'tse', to erect re ia
near Randolph, to- cost $4,000; to
Nathan Mears, to erect three story
cost s., 600: one to the same to erect two
story dwelling Rush street, to cost 81, 600; to
tile estate Of ". 3: Ogden to erect a two
story barn, No. 4H Erie street, to cost ST GOO;
RSi ssh setese sfes @ @ As'eS ehcsgo
Western Indiana Railroad, brick baggage
house OIL Third avenue. s., 800; ALSO for one
story frei$ht,honse OIL Third avenut, Sl5, 900;
Ch9r!ss Bulloek, oHsst@ry Z; Gan dTeI1g at No
story dwelling at No. 391 Sedgwick street,
$500; to Joe Jerusalem to erect a3two-story
brewery, ualstcd street, near Reese, to cost
s., coo; and one to Mrs. Whitman to erect
two two-story dwellings, Nos. ST and $40
Warren avenue, to cost s., 600; to G. Koretke,
to erect two-story dwelling, Seminary ave-
uuc, TO cost s., 500.
REAL-ESTATE CALL BOARD.
4 project for Real-Estatc Exchange or
Call Board has been formed in this city u1i-
der more promising auspices than any that
have preceded it. Messrs. II. K. Nixon and
lar. G. m ~ |