, 1881-02-20
growing Volume Of Trans
actions in Land.
Sale of the Howe Building-The
Lakeside Sold Again.
raw Firms Of Importance
Settling in Chicago.
ADVANCE in Rents Of Houses and
:. StoFes-Building Enterprises.
xerth Shore Rapid Transtt-Great Brick
Works at Pullman-Vacation Of
La Salle Street,

Works at Pullman-Vacation Of
La Salle Street.
Real estate interests III this city are pros
ling 50 well that no artificial stimulus i
naeded. Anything like exaggeration O
shn,fugn the market ought to be avoided
!, the interest Of every one, sellers as wei
,.huyers. The class Of men who buy rea
.tata are not like those who deal in stocks
Inything like excitement or rampant specu
irhou drives the reai-estate
BuYER TO COVER
.tonce, Several absurd stories have latel,
hapn nut into circulation to affect real estate
among the most recent was one that tt syn
dicate Of BANKERS" was buying up all tht
.,re property on the lake shore between tht
East Park and South Chicago. The samt
hnyers, it was declared, had taken the thirt,
.tres owned by the State Savi1.gs-Bank. the
,erepty~six acres adjoining. and the ninety
,eIes still further north or ut Clark's Point
Isl matter Of fact, the State Savings piece
istbe only one that has been recently sold
md that sale has still to be confirmed by the
opir, and may yet be taken by
ANY HIGHER BIDDER
rho chooses to present himself The sew
enr.si1 acres to the north is in the hands OF
New York bank, and has notyet been sold,
though 1t has been in negotiation. The re-
poyted sale of the ninety acres still further
north was in reality made months ago. and
The property still remains in the hands Of the
purchasers Of that date. But although there
ne these inaccuracies III the stories a1oat, it
ktue that there is strong inquiry for acre
property along the lake shore north of~ the
Calumet, and with good reason. The Illinois
Central Railroad Company have informed
tho persons interested that
:. THEY WILL BUILD L BRANCH
mtheir suburban line down Railway avenue
md along the shore to South Chicago as soon
Is the right Of way is giyen them. II Is but
lquestion of short time when this road will
5e built, and new district of the greatest
natural attractions brought within easy reach
d Chicago. It is here within sight Of the
most beautiful OF all our parks, on a projec-
ion OF the shore that looks down OH the
bus5 City Of Chicago, that our sum-
mer resort must be placed If Chi
taso is to have any Brighton. or Long
Branch, or Manhattan Beach. A companion
story to that about the syndicate that was
buying up South Chicago acres was the re-
po1t that an energetic Chicago capitalist
had giyen his agent orders to buy up all the
property fronting on the
-. LAKE-suoRE DRIVE
to Lincoln Park. This is not true. The
Lake-Shore drive property has a great
fp!ure. 1t has been in constant request at
guIng prices, although years must elapse be-
fore it can be filled in and made habitable,
but no Que is going to buy the whole Of it.
The Howe Building, on the southwest COT
ner of Staue md Jackson, has been sold by
Ar. Nathan Corwith TO Leopold Bloom for
Ss7,500. 1t has a frontage Of thirty eight feet
on State BY 100 on Jackson, and rents for
s., 600 year at old rates.
Mr.. L. z. Letter has added to his numerous
purchases the Lakeside Build
Ing, on the southwest corner OF Clark, and
Adams streets. The price paid by Mr.. Letter
vas S969, 900, which, considering tine recent
record Of the property, was exceptionally
cheap. The building is a five-story stone
structure, with frontage of 100 feet on
Clark and 125 feet on Adams street.
An instance OF the
ADVANCE OF VALUES
In favored locality is afforded by the recent
history Of Nus 1870 and 2o1 Fifth avenue. A
few months ago this property was bought
by Mr. 3. P. Hutchinson for S2o,500 from a
gentlenan who ~ had asa purchased It short
It tur SIS 0oo, and the present owner has just
refused S35, 900 for it.
Henry G. Rev has sold to L. c. Paine
FIeer the improved property on South Water
street northwest corner OF State street,
sonth trout. for S6l, 900.
William ". Watkins has sold to Elizabeth |
T. Spence the improved property Oh Lake |
avenue, between Thirty-tifth and Thirty
sixth streets, east front. 22x126 feet, for S10,
!, The Master in Chancery has sold to the
ss1 n Mutual Life-nsurance Com
pa1y the lot on Indiana avenue, ~ feet |
north OF Twentieth street, east front, G5 5-13 |
1l5s feet for 1880: the improved property /
% Wabash avenue, 254}]5 feet south OF Four
eeath street. east 'front.' 25y17O15 feet, for |
slA00, the improved property on Market
Iont. lR5 feet to the river, for 100000; the |
Of On West Madison street, ll26 feet west of
doyne avenue, south 'front.' 120x125 feet, for
Il0ss41
\ short cut to the difficulties about the
.tie to the Oriental Building has been found
p foreclosure suit, by which Mr.. 4. f.
saiker becomes the owner, under jndg-
aent for S21u,00O.
a piece Of property on Stony Island bo,lle-
arg. near SeveDty-tIlird street, has been sold
o. =. .aO0 an acre cash. being rise in the |
alQe Of the tract of $500 All acre within
ear.
III. J. Q: Adams has bought lot at the
o1hef Of Forty-ninth street and Kenwood
ourt, sl l50x100 feet, for $500.
~. y. htrf10t d. Co. have sold the follow |
z e North Side property within the month:
" y ieet on Chicago avenue, east 0f Pine
ueet, 81. 500; l01 feet corner of Pine and
carson carson streets, $4,000; IS feet, corner 0f
"a !arE T. street and Chicago avenue, improved,
ao0o; 70 feet, corner Of Michigan and Dear
op Streets. Sl2 600; IS feet, corner of State
M Maeet and Walton place. $4,000; 20 feet,
,sxaroorn street, near Erie, improved. 50, 500;
,leel1 Superior street, near St. Clair, i'm
.osea, 81 I50; 20 feet. corner Of Superior
u! .a o. Clair streets. Improved, $3.50; 50
u on Mapie street, near Dearborn, 1850;
total Ut S110, 80
Jonn Z: Long sold for Julius Rosenthal,
!lnstee, l03xl35. on the southwest corner of
saiana avenue and Twelfth street, to
tsepa Hnpsen for $500; Nx171, west
val Oh Wabash avenue, between Harmon
~ all and Twelfth street, for Sam 3fcCarty
~ wife and Charles Il. Rowe and wife, to
4naIles ~ Henrutin for SIS, 600.
F.! Goodridge repnrts the following
rs; s. stone-front house and lot 2oxloo. No.
1da street, $1,000: 40x150 feet OH Des-
s,nes a street, north Of kinzfe, s., 600; brick