, 1881-02-13
REAL ESTATE,
Strong and Steady Demand for
. Property, with Incrcas-
ing Sales.
Advance in Values-IIlustra-
ton on Wabash
Avenue.
Prospects Of Great Activity in
Building-Waiting for
Lower Prices.
The Tunnel Rapid-Transit Scheme
s.1r 81
The Tunnel Rapid Transit Scheme
Developing-Pressed Brick to
Be Made in Chicago.

Be Made in Chicago.
= --
Real-estate agents were not entirely sup
pressed by the weather last week, severe as
that was. A sale made yesterday on Wabash
avenue shows the drift Of the market Mr..
3. p. Hutchinson sold to Judge Van II.
Higgins the buildings 210 and a13 Wabash
avenue, occupied by the Brand and O'Brien
galleries, for S7s0oo This property was
BOUGHT A FEW MONTHS AGO
by Mr.. Hutchinson for S64, 900. The frontage
on Wabash avenue is eighty feet and the lots
are full depth. Although The present i'm
provements are only temporary, the build
ing will pay 10 per cent gross on Afay i, OFT
per cent net When fully improved the in-
come will be much greater. The Palmer
House stables, on the same block, next to the
Afatteson House, will be replaced this spring
by fine tive-story business building.
h. ". Thomas and Joseph r. Putnam re-
port the following all-cash sales for the week: !:
544x55.5 feet southeast corner of Fifth av-
enue and Quincy street, 5000; the north
west corner of Michigan avenue and Twen-
ty-slxth street, lo0x179, $40. 900; Gox1o5 feet
on West Madison street, south 'front.' 80 feet
west Of Leayitt street. $1,000; lot OH Butter
field street, near Twenty-ninth street, 5000;
fifteen acres at Winnetka, s, 500.
The fifty feet adjoining the northwest cor
ner of Michigan avenue and Twenty-sixtli
street is reported to have been sold for $3.50
foot,
Mr.. G. B. Farwell's latest purchases
on MARKET STREET,
at $500 and 500 foot, complete his owner
ship of the entire block on the west side
OF Market street from Adams street north
to Monroe, except the 100 feet on the
southwest corner Of Market and Mon
roe. Mr.. FarwelI will build on this
property for lis own use, and
will make over his present quarters into
small stores, for which there is a great de-
mand. The block on Market street runs to
the river, and has depth enough for docks
and storehouse on the river front behind the
stores.
ALL the recent negotiations between the
Connecticut Mutual and the persons who
proposed to purchase the southeast
CORNER OF MONROE AND DEARBORN
have been declared off. The sale agreed to
ended in quarrel between agents Of the
buyer about commissions, ,whereupon the Con-
necticut Mutual, after making tender Of the
deed and finding the other side could not full
fill their part Of the agreement, withdrew the
property. This eligible corner is again in the
market. It would make a good site for the
Board of Trade, if the alley could be crossed
and All additional piece secured from the
Stearns property adjoining.
Mr.. R, z. Gootlell has sold to L. II. Ea-nes
221l feet on Clark street, improved, beng
part of the Superior Block, for $685. 900. -
The sale Of the
ORIENTAL BUILDING,
1o2 La Sale street, for $4,000 has been
broken of on account Of litigation by
former owner to unsettle the title of the pres
ent owners. The litigant claims that his
wife did not sign the deed when the property
passed out of his hands. The sale in question
took place before the fire; the original papers
have been burned up; the Notary has disap-
peared; the wife is dead. There are thou
sands of titles in.this city which have been
left in condition to be the easy prey of
blackmai1ers.
A large tract Of GOO feet, between Forty
seventh and, Forty-eighth streets. on Cottage
Grove avenue, has been sold to an Eastern
capitalist, through the agency Of Garnett u
Thomasson, for SIS, coo. The tractwas owned
by S. C. Enggs. The purchase is said to be
an excellent one, as the property is worth tar
more than was given for it.
Afr. Barnes, the retired lumber dealer,
bought few days ago tile northwest corner
Of Fifty seventh street and Hyde Park ave
me, 75x1l3 feet, paying therefor 500 cash.
He has now sold the property for Sc, 400 cash.
One hundred feet on Lake avenue, between
Forty-eigllth and Forty-ninti streets. has
been sold by Mr.. 3. A. UIricl, for A. ". Rol-
lins, for $500, SIS per foot. The same agent
has also sold 50 feet on Monroe avenue, north
of Fifty-seventh street, to jeremiah Slocomb,
for S1,o5o; also the following: Thilty~three
feet southwest corner of Fifty-frstN street
boulevard and Woodlawn avenue, $50 feet
southeast corner Of Walnut street and Green
wood avenue, and 50 feet on Worton avenue,
150 feet south of Fifty-frst street, all to one
party, at $50 per foot cash.
The owner OF the tract Of land lying be-
tween
VERNON AVENUE AND TIE LAKE SHORE
and Twenty-ninth and Thirty-tirsr streets,
has remodeled tile old subdivision, and di-
yidcd the property into lots OF twenty five
feet front, with spacious streets and alleys
intersecting each other. The sewer and
water system will be perfected and the
streets paved the coming season, contracts
for q portion of the work having been let,
and assessments made for nearly all the re-
mainder, In addition to these improvements,
the owner proposes to erect o
NUMBER OF DWELLINGS
near Twen1y-ninth street, and Messrs.
George R. Clarke g. Co. and II. IL Bacon
have lately sold for him several lots in this
tract, which are to be Immediately improved.
One lot of 100x94 feet on the northwest cor
ner Of Groyeland Park avenue and Tlirtleth
street was sold to City Treasurer W. G.
Seipp, who will commence the erection OF an
elegal,t residence on it to cost SEC 00o, as soon
as lie weather will permit. Another lot4Vx
feet on tie southwest corner of Cottage Grove
avenue and Il1irtieth street, to MI. Augnst
Newhaus, who has lately taken out permit
for, and will erect thereon. two-story anu
basement dwelling; and 100 feet on GroyG- t3a'i
known capitalist, who is perfecting plans 1or
srycral very desirable dwellings to be begnn
as sUoI1 as the ground can be broken.
u. G. Morey and ". D: Kertoot sold to to
Charles q. Nix the brick dwelling and lot
1o5yl25. southwest corner OF Washington anu
MORGAN Streets, for SIS, 900. ..-,
<. S. Dreyer s. Co. have sold the house ana
lot, No. Isl La Sale street., for $500;