, 1880-11-14
REAL ESTATE.
Large Purchases Of Avenue Prop
erty by Solid fen.
The Market Moderately Active,
Without Speculation.
Hyde Park Hotel Property-The Illinois
Central and the Lake Front


THE GENERAL SITUATION.
Real estate has been moderately active during
he past week. When 1t is considered that this
Is The season Of the year during which in the
FOOD old times rcal-cstate dealers used to 20 or
On their VACATIONS, 1t must be acknowledged
that the present condition of things is ausp1-
eiouB Of Il profitable business this winter. IN
quiry is active fur all kinds Of good business and
1esidence property Buyers are not canhnane
themselves as strictly as they have oeen
to improved, property, and aTe taking
eligible pieces with view to build
Ing themselves. No signs: OF speculation
are visible. and great efforts are wisely being
made by agents and owners to keep the move
ment within reasonable bounds Chicago real
@tate is Tar too low in price as compared e;tner
with other securities or the valuation OF real
sstate in other cities When real estate can be
bought on the outskirts of the present business
quarters, improved with tho most sIbstantlat
buildings, aud then rented SO rs to net W per
cent year over everything, as has been oone
b Mr. George Armour, it is inevitable that
9oyernment bonds yielding 3*41 per cent ano
shonld cease to be attractive to capitalists. The
tendency OF investment now is to 20 into TGal
estate rather 1han into bonds and stocks. ino
rnaame .an OF business is not large but a' great
many sales arr negotiating, ana there Is every
reason to believe that by tho middle OF january
tae 1eal-estu1e market will have fnirly on,cryed
Aeep
ACTIVITY on THE AVENUES.
residence property On the avenues is cngag-
mR the attention Of solid buyers Mr. Marshall
f1eid has purchased uO0 feet TN Calumet avenue.
oet*een Thirty first and Thirty-sixth streets ut
1:a3a foot This part of Calumet avenue
1oms nesghborhood Of its OWL separated by
*'oT In the street from the avenue north and
G4u10& at the in f1,a boulevard. ALI the
sooses are s1one-tronts with one exception.
MI: \. h. FalrDank has bought the
s"EpEShOHGIAN CHURCH PROPERTY.
W VI. me southcasr corner Of Pruirie avenue and
11knteenfh street. H0xl50 feet, for 5.000 It Is
auoe1e<ood that Mr.: Fairbank has also acquired
0e property lying east of the church property
, IT Us Calumet avenue. and will build fine
cs1; upon 1t that stall be worthy OF tho 10
i IT,; ano an uruunent to the city. Mr. Joseph
~ ua1ah negotiated the purchase for Nr. Fair
rt@t; otner considerable purchases in tho same
euded. 80 "e'"A4aoo''' oo" not 3e' soA
W. ne purchase reported to have been made by
Frair;dn IL u. Aooo TN Michigan avenue WIS mAde on
81 ns1hd Streets The amoun, bought was coo feet
f,ot no eas1 side, end the price paid WAS $5o
=, re 1T, Price paid By the Keeps tor their purchase
"a sue sue corner Of Michigan avenue and Forty
1he. ~ Street. east frupt, was $7U foot. Since
farthe- .,e. .eet on the same avenue. TWO blocks
t0ueA$ octHccu E0Tl$-tH1fu anu EOf[y-
Tn.t - streets, Ia the middle Of the block with
Inc al rFont hRvc been snd for SIS !. foot, show
ill.,: td al e5o foot ut the northeast corner IT
snca sfan IN avenue and Forty-s!x1h street. and
NlchioMaen Men N*1 feet on the southwest corner Of
hrnn.!xatn avenue and Forty-sevcuth street have
of fo9gn1 N;t <65 foot. cash The northeast corner
ln fans t9an t9 avenue and Fnrty-scventh street,
Grxth ~ rln'1t * WIS bought last year by N. J. Nc
H. HeT mE$ aoE So foot 1t was sold last week to
Hs.1o aaeodorc ~adskie1 for SG5 q foot.
tie nnr+s!p neep Brt''hets hive bought }e1 feet on
Porty.su~est corner Of Michigan avenue and
NJ EScond street, for $7u Il foot.
fnsa., Easou ESQ Keith has been offered. and has re-
ayen.,ee 90 a loot for the l.3oJ feet on Calumet
etRhth s.een oetween Forty and Forty
~ loot. "N'en ne bought week ago for
u "a fs& q Qalunst avenue. b.