, 1880-04-18
REAL ESTATE.
4 Temporary Lu1l In the Ac-
tivity Of Real Estate.
Owners Holding Off Rather Than
Sell at the Old Prices.
Transactions In the Neigllborhood
ofEeW Manufacturing Sites.
The Renting Season About 0ver-Some
Specimen Business Leases.

Specimen Business Leases.
ConstitutionalitJ Of the Boulevard Act
City improvements.
Real estate has been dull the past week
The boom, If not dead, Is sleeping. Acre
property is very quiet, and almost the onl,
movement is in the neighborhood OF the
supposed site Of some new manufacturing
establishment like the Pullman Palace-Cai
Works. Inside productive property can be
sold, but not at advanced prices. An unex
pected feature of the market is the
sLowxEss OF SALE
Of houses. The scarcity Of residences and
the check put on the supply through the rise
In prices OF building material would have
led naturally to good demand. But The
contrary appears to be the case. One agent
reports that he has eight flrst-class houses OH
a fashionable avenue north of Twenty-second
street which he has been vainly endeayoring
to sell. One OF them IS offered, lot and all,
for less than it would cost to build the house.
The eal-estate market appears to have come
to temporary lull. The reason is not far to
seek. Buyers have been trying to operate on
the
OLD SCALE OF PRICES,
and have failed. Sellers have insisted on
Aigher prices, and, not getting them, have
signified their entire willingness to hold
their property. Even at the advanced rents
obtained this spring for houses, owners get
no fair revenue from the investment. The
present lull is characteristic Of real estate,
which moves in waves, and it is unquestion-
ably thH precursor Of still more active
market
AND BETTER PRICES
than have been made since the panic. This
is true Of outside acres, as well as inside and
improved property
One of the significant sales Of the week
was that Of forty acres in the E. II Of the E.
= OF n. E. Il Of Fec. 81, 81, II, mile west Of
KensinCton, by William uansbrough to L. c.
Pitner for $50 an acre The purchaser at
once resold to T. E. Patterson for $3.50 an
acre. Messrs. Loeb & Bro. have been offered
cash advance Of 81, 600 for the 1Co acres
they purchased Of the Fidelity Bank in the
y. E. n Of Sec. 13, just south of the Iron
Works. The price they paid was 500 all aero.
Garnett 81 .Ihomasson sold ten acres In Sec.
81, IS, IL for $3.50.
The Courts have confirmed the sale for
S22, 100 to Mr. Rees, of ReeS, Pierce d Co., Of
E1E lACl VI idl1U OIA L1le Eot Quuh u
Lake Calumet, at what is known as East
Roseland Station of the Illinois Central Rail
road
J. D. Weber has sold for Pfund and Egner
to II G. Walker lot 40xl42 feet, west front,
on State street, south Of Van Buren,, for $315
per foot cash; also for H. G. Walker to j.
Hirsh lot 50x175 feet on Michigan avenue,
east front, south Of Thirty-fourth street,
for s2a per foot, all cash.
bash avenue, s6x1s0 feet, with fine two-story
and basement house. for Mrs Gentry to Mrs
Nelly Updike for $3.50 cash.
The reported sale Of Nos. 15S and 100 Clark
street for ST, 500 is not confirmed. Mr.. H. c.
states that it has not been sold, and is not IN
the market.
IN TEE OTHER SALES
Of the week were 33x1S0, improved, on
Granger street, east OF Sedgwick, 2,500; elk
34h on Van Buren,, east Of Canal, $1,000; 75x
Of Evergreen street, s4,s58; q feet to Au-
Eusta street, improved. on Milwaukee ave
rue west Of Augusta street. S., $50; 4Sx1S115
on State street, south of Twenty-llinth, S5,-
ooo: Sok1G * improved, On Indiana !, o avenue,
on Sangalnon street, south Of Adams, $4,000:
z2x9l OIL Union street southeast corner of
O'Brien, $1,000; 2x13o. improved, on Cot
tage Grove avenue, near Thirty eighth
northeast 1rd % Corner Of II Homan ma s avenue, atSS M
p acres, corner Of Clybourn and Wrightwood
avenues, So, 900; 5oxlGlH on Michigan ave-
nue., south Of Forty third street, $3.50; 25x
10 gu Judd street, west of Clinton, S3,l50;
cago avenue, $4,000; 25316x6O on Dearborn
avenue, between Chicago avenue and Supe-
rior street, s., 40; Gox95 on West Van Bu-
rem, northeast corner Of Morgan. st, 500; 25x
Hafy 81 S0ea x afissp iMpfosea, sea. on 11
West Chicago avenue, east of Cllase, 5000; |
4sxl19 oil Indiana avenue, north OF Thirty |
ilrst street, 80; ssxsD on Woodlawn ave
sne ~ En-. n9rtn ;H1 Of lFo,tyfeventh street,
Van Buren, s3,5oo; s5x1oo. improved, |
teenth 'D~I street, % ss,5o6; ;a'A sSsx7522xso Ens
OH Thirty-1ifth street, southwest corner Of |
soufb%st eoeS on on Gen{1a RaF6
street, $4,000; l69 Rush street, $1,000; 74x125
Oil Latin street, south Of Adams street, |
5000; 3oxl1o on De Koven southwest cor
ncr of Beach street, 5000; 25xln on Wa
SIS, 600; 25x151 on South Dearborn street,
south Of Twentieth street; $1,000; 42xS7 on
Morgan street, northwest corner Of Four
feenth, $4,000; and 2071zx170 on Michigan
avenue southeast corner Of Fifty-ninth
Thirty eighth street, 5000; 10 feet to alley,
N State street, north of Congress, $14,s5 ,s53B;
''4x125 improved, on West Adams, east of
Winchester, $500; 3ox94 improved, on
treet 5000; 1o0x1a on Forty-seventh
treet, east Of Greenwood avenue, $3.50;
9Sxl4 OH Wabash avenue, north Of Sixty
bird street. S15,0O0.
Representative of the Pullman Palace Car
Company have been visiting different
LOCATIONS FOR THEIR SHOPS
ur1ng the past week. They went in special
ar to Hindsdale, where they examined 800
ere tract of land east of and adjoining Vest !