, 1880-12-26
REAL ESTATE.
p,;cht Prospects Of the Chicago
Rcal-Estate Market.
eo7oo of Business and Residence
Property Last Week.
IRE Property Beginning to Stir South,
West, and North.
,~onosed Revival of the Chicago 81
Evanston Railroad.

Evanston Railroad.
pnSble Change in the Grand Trunk Route
-Real-Estate Values in New York.
,r1,onrh the past week was broken into by
~ ho1idays, it was by 10 means an idle one
~ w naaIestate circles. Agents have been
...r - and some important negotiations have
t.a1 p1.1' concluded as reported below. The en-
r'sn-,gements to invest in real estate never
s.aned greater than at present There is q
ssrss,yn DEMAND Fol, ACCOMMODATIONS
Mr. Henry Strong, who has broken ground
n, one of his new stores on Fifth avenue,
ns,r Monroe, has already received dozen
-snnlicatons for it, and is assured that lie
.*n rent it at price that will pay him an In
eome of or 10 per cent net Architects are
hpsy drawing plans for new buildings Ev-
erythtng points to all unusually active anu
vrosperous spring for real estate.
NJ. George Sturees has sold to Mr. John
borden for 100000 his store on Monroe
:t,ppt 90 feet west of Clark, on the south
sae OF the street, with lot 9oxlo6.
E 4. Cummings j. Co. have sold for $18,5oo
n s P. Parmly, of Parnlly Bros. the lot
e,tnated on the northwest corner Of Des-
n1,,nes and Lake streets, 10 feet fronting on
Ike and 40 feet on Desplaines- 1t was
hcurht in 1S4S from the Canal Trustees by
I'D Mr.. Daylin, who has owned Ii ever since.
II was never transferred. never mortgaged,
neye1 sold for taxes. Mrs Davlin has lived
m md occupied the place ever since the pur-
thase and has all the original tax-receipts
for thirty-seyen years. every paving and
1ater-tax bill having been paid at maturity.
FIJI. Watriss has purchased for Chicago
narties OF John Jeffries & Son. of Boston,
rpres Nos IS and II East Randolph street,
for s5;0o0, and has sold eighty-tive acres Of
iand near South Chicago for S51,19o
Mr. Henry Strong has sold his house on
tbe northwest corner OF Prairie avenue and
Eighteenth street for 5,0o0. The lot has
frontage Of twenty-scyen feet on Prairie
avenue.
On Wabash avenue, between Fifty second
md Fifty-thfrd streets, 1872 feet on each side
Of the avenue and 133 feet on State street, 800
feet in all, have been sotd for Sl2, COO.
Messrs Mason g. Mitchell have sold to the
Lake Shore Foundry two blocks, Nos. Is and
ta, In the Town of Cornell Tor Grand Cross
bpz). on South Chicago avenue, near Stony
Island boulevard, for 5000 cash. This
torporation will Immediately build foundry
lor castings which will give employment to
50 men.
ACRE PROPERTY
b beginning to stir In different quarters.
The long dormant region north OF this city,
pn the Lake Shore, above Lake View, ex-
fibits signs OF life Several negotiations Of
Importance are on foot in this region Land
here has lain utterly neglected for years Oh
account Of the fatal DEFICIENCIES Of hanspor-
tation. Suburban development has followed
closely along the line of the Chicago &
Northwestern Road, and the thousands of
acres which lie along the lake, between Cal-
vary Cemetery and the city limits, are, ex-
cept at Lake View, but little more In use
than they were
TWENTY TEARS AGO.
What this region needs ia transportation.
This will soon be furnished by the North
western Road or another corporation. There
is a chartered company which holds fran
tlise for the construction of the needed rail-
road. This is the Chicago 4 Evanston Rail-
road, whose terminals are Indicated by its
title. Few people are aware that this Com
p2ny has the
RIGHT OF wAT INTO THE CITY.
When the Chicago & Pacific was seeking
m nentrance into the city It was granted By the
Common Council on condition that it should
b. shared with the Chicago & Evanston. This
rested right in the Chicago & Pacific right
Of way the Chicago & Evanston still has.
It's charter permits it to enter the city at
Southport avenue, down which it runs to
Hawthorne avenue, where it would meet the
tracks Of the Chicago g. Pacific, now owned
hy the St. Paul. Down Hawthorne avenue
tie route proceeds to Chicago avenue, and
from thence could be extended by purchase
Is far into the city as was desired
THIS VALUABLE PRIVILEGE
viii, no doubt, soon be made use Of It Is being
eanvassed among the possibilities that, after
reaching Evanston, the Chicago s. Evanston
may strike northwest towards Fox Lake, so
bringing into communication with the city a
ppulous district clamorous for such IA
dllties.
Acre property
SOUTHWEST OF THE CITY
limits Is being dealt in generally In large
blocks. Attention has frequently been called
p the subdivisions near the Stock Tards.
Here large population are finding homes
In Stone Il Wllitney's Subdivision, east of
Ashland avenue, between Forty eighth and
Forty-ninth streets, upwards OF sixty acres
have been bought and sold during the past
year By Mr. J. E. Burchel1. Most Of the pnr-
thasea were made at 5000 to 500 an acre
The prices realized have ranged from $500 to
1900 an acre, and the property sold for $500
WIS resold for S, 200. Other operators have
been equally successful in subdivisions in
this vicinity. Ar. Burchell is now making
extensive purchases near Brighton and on
fnty-frst street. Altogether 215 acres have
been bought.
An important change is in contemplation
N the route by which
THE GRAND TRUNK
kA approach the city. Negotiations have
peen opened for route along Fifty-hrst
= szeet, crossing the Western avenue boule-
mn, turning at Halsted street, and running
With the Wabash and Western Indiana
wong Stewart arenne to Twelfth, street. The
aeht OF way has been secured for large
Mft OF this line. One obstacle in the way Is
we objection Of the Park Commissioners to
e'oWlng tracks to be laid over the Western
s'enue boulevard
AT F1FTY-FIRST STREET.