, 1880-11-21
No Imitation in Chicago-Firm
Values and Easy
Sales.
Important Sales on Wabash, State,
and Randolph-Acres
Still Quiet.
Contract Let for 1853 New Houses
in One Neighborhood-Pros-
poets for Spring.


peers TOT oPttng.
CHICAGO.
REAL ESTATE HAS BECOME; 4 aALABLE COM
MODIFY IN CHICAGO.
It is capital now that is hunting real
estate, instead of real estate hunting
capital. Brokers are busy, and find it less
difficult than it used to be to make commits
sions, Anything That is offered ut the prices
OF year ago finds takers. Improved busi-
ness property that yields or . per cent can
be sold with great readiness, unless situated
in parts of the city that are thought to have
reached full development for the present.
Unmproved business property requires more
negotiation to effect Il sale, but choice pieces
are not often allowed to wait long for Il pur-
chaser. Actual sales do not yet show sharp
advance III prices. but exhibit IN unmistak-
able tendency In that direction. The two
most important sales reported below-on
Randolph and Wabash avenue certainly at
ford
NO EVIDENCE OF AN INITIATION
Of values. Buyers are almost invariably
men OF means. who prefer to pay cash. and
who bny for substance and not for the
shadow Of things to come. The drift Of
mFeSlMent II unulletahaols t""4u @41o
south. South OF Madison street real
estate Is thought to OTTER mocn larger
prospective returns IMAM hoEth o1 u. ufea'
efforts are being made by buyers and agents
to keep from publication the purchases that
ara being made There is something Of q
still-hunt going on. Buyers want to buy
more, and do not wish TO trlshteh away lhe
sellers. Agents mindful OF PAST eSpel'ence
wish to see no ''booin tnat VIII oilns WIN
it 4 collapse and cessatlon OF business "llo
commissions A numoer'o1 lnlpo1tah1 nego.
tlatlons are III progress: oon1e i"n'o'o VI
large sales, on being followed down, were
found to be premature. Such was tho report
that . large hotel on Wabash avenue mad
been sold. Some
OFFERS HAVE BEEN REFUSED
that would have looked tempting lew
months ago. For Instance, tho Connectlcnt
Mutual has declined cash offer OF S5l3'ooo
for the lot at the corner OF Monroe and Dear
born. The favorit descriptions OF properly
at this moment are central business realty.
improved or capable OF being improved ana
choice residence sites on the avenues. sales
have been made as far south on Waoash
avenue as SiXheth street at Sll 1oot' Win
nn Immediate advance onereo ana re1used*
ACRES ARE STILL QUIET.
except In some neighborhoods where they
can be retailed at once in lots. Some sales
are being made to capitalists who do not like
to be bothered with the care Of buildings,
and understand the superior profit to be got
from the possession Of acres by those who
are able to carry them. Investments In real
estate are being sought not only by Chicago
capitalists, but by those from other cities
who have large SUMS to invest In real estate
in the town which has grown in generation
to its place as the fourth city in the United
States.
SOME IMPORTANT SALES.
A. J. Averel1 sold for John Taylor, OF New
York City, to Chicago capitalists, the elegant
6ve-story building on the northeast corner
OF Wabash avenue and washington street,
occupied by H. A kohn d brothers, for
Sfs5,0o0 cash.
Martin Ryerson has bought 81 feet on Ran
dolph street, adjoining hlr. Doane's Atlas
Block, for $500 foot The lot is 1G7 feet
deep, with 22E4-foot alley, and a 40foot
court in the rear.
Mr. L. Z. Letter has bought from Mrs.
Elizabeth Bayard, through Mr.. George N.
BoRue, the building on the southeast corner
of ....
o1AlG ANO hAAO1ooN
stree1s, occupied ny tno "Hsoh oe"'nsMa-
chine company ana the leasehold 1htefest III
the 1u 1eet running from lne corner o1 otate
street, extending pack 10 tne alley. me
building stahds OH tne nortn siAty 1eet. Inc
buildings on the south tof1y rect are owned
by the suo-lesses' ana are not 1ncluoed Ill the
sale. Inc price PAID was Soo'9". All. Letter
already owns tne lee anu me tease whlch ne
las purchased expires Ill 1881 Win lhe prlVl-
lege OF renewal Tor twenty years. b1lt' as a
new apprascmeht IS necessary The renewal
has comparatively attle 'alue.
Iheoaofe naltnann HAS soln TO Al. " H.
keith, 1or "lnla1h Munger, @aaSloo 1eet on
ula'iu ooaie A"' ~ ~. ~
eighth street, anu @'SS1oo ieet lrohtlne west
Oh CaiumetaVenae' ana !osSlso' east 'front.'
on Calnmet avenue lheluo1ug tnree1s1ory Dry
3l1cA ouliutle' stone 'l!ll1nm' "1t'4 ~
feet or line 1enclnE anQ 1ra!he Da1u lor 1our
l9rses.-all for S3l,oD.
Mr.. Hartman has also sold Mr. Henry G.
Rev 26]]zx113 feet on State, east front, 15o
feet north Of Twelfth street, Tor 81 ,SO cash,
half taxes for 1850, and subject to assessment
for widening street OF s{s4.34.