, 1881-02-27
REAL ESTATE.
Inside Real Estate in Demand,
but Hard to Buy.
Drift Of Purchases to Acre Property
Sales Of the Week.
New Building Enterprises De-
layed-PerInits Issued.
Activity in Hyde Park and South Chicago
A New Road.
Abuse Of Recording Contracts
Real Estate in the East.

!
| Transactions are limited by the small supply
of the property In most request,-ins1de lots
in good business localities. Recent transac
tions indicate growing
DRIFT TOWARDS ACRES.
| This is inevitable as interior values rise anG
the supply grows less. The history of Chi
cago is record OF the conversion of bare
! acres into improved real estate, and it is moi
likely that the development is to stop now.
Nessrs. lsham and Prentice have sold for
the Connecticut Mutual the lot just west OF
| uayerly's Theatre, on Monroe street, Sox70,
| for S95,0O0.
Mr.. John C. Dore, with one or two other
capitalists, has bought through 4. J. Ayerell,
from the Germal-American Bank of New
York, seventyeight acres in South Chicago,
in Secs. 81 and s., IS, Is, on the lake-shore,
just north Of the new Chicago Rolling Mills.
The price paid was $4,000. Property in the
same addition sold few months ago for
5000 an acre.
Receiver Otis, OF the State Savings, sold to
Mr.. John II. Clark, for s334, 600. the tract OF
thirty acres belonging to the bank, and lying
north Of the new steel works,
Henry J. Cristopl has sold to Conrad Seipp
14oxlS0 feet OIL the southeast corner Of Ran
dolph and Market streets, for S115,ooo.
Sunerfeld & Co., now On the corner of
Fifth avenue and Madison street, have rent
ed the new store, 40x90, built by Mr.. Henry
Strong on Fifth avenue, near Monroe street,
for 5000 a year for three years. The other
store built by Nj. Strong, Cox90, on Fifth
avenue, south of Monroe street, has been
rented to Kuh, Nathan & Fischer for three
years at $500 year.
Alessrs. Ellison, Flersheim & Co. sold for
the Board of Public Works, Tuesday, o2d
inst,
THE BUILDINGS,
81 Menominee street for S345 to William No
BILE; IS Menominee street for $50 to c. NJ.
Wheeler; IS Nenominee street for SG17 to
Robert karappa; s. Tell court for S75 to NJ.
Classen; 81 Tell court tor SlI0 to Jacob Sold !;
s. Tell court for S165 to George -Apfell; 81
Tell court for SS45 to ?. Brouglam; rear 500
North avenue for S72.50 to Charles Heine-
man; 1876 North avenue for 81, 900 to B. Roll-
bach; rear 395 North avenue for 500 to same
party; and No. 10 Starr-part of building
for IS.
Mr. Francis B. Peabody sold 25o-odd feet
at the corner Of Indiana avenue and Fifty
ninth street for SIS a foot. On Wabash and
Michigan avenues, between Forty-seventh
sA44A L A1tLCtu dL1ECLos -A1- l EtADUIF aloO oUlA
land at $40 a foot, in a neighborhood that is
rapidly acquiring very desirable inhabitants.
Mr.. John Johnston, Jr.. has just sold tllir-
teen lots Of Humboldt Park property, 10
Gated in Hansbrough &s Hess Subdivision,
at S67s5 piece, and nine houses will soon be
completed there, none cost ting less than 500
nor more than s3,ooo He has also sold six
lots three blocks north OF Humboldt Park, at
the rate of $500 each, and good dwellings are
also beginning to rise there.
J. II. Bissell has purchased for C. ". Hen
street and Langley avenue for $4,000, all
cash. \ casli offer Of S1S,DO0 has already
been refused for this purchase.
w. D. keEfoot s Co. have sold fifty feet on
street, S1o,5oo; 200 feet on the corner Of
Washington and Homan avenne, $500;
twenty live lots on tile corner of Thirty-tiftll
and Oakley street, $500; five acres on the
corner of Fifty-Gfth and Oakley street, Sl,500;
fifth street, s., 200; 100 feet on Ogden avenue,
near Douglas Park, $4,000; leasehold in
terest, State near Congress, $3.50.
Hutchinson Bros. sold 100 feet on Madi-
son street. east OF California avenue, south
front. for 5000.
THE LARGEST TRANSACTION
put on record during the past week, was the
sale Of the Lakeside Building by Ar. Henry
c. Rev to Mr. i. Z. Letter, for the expressed
consideration Of 10000. Other sales
were 100 by 100 on Fifth avenue, south
east corner Of Jackson, 81, 4ss;; S by
corner Of Thirty-second street improved
ST., 600; 350x305 cn West Harrison, southeast
corner of Loo1nis, 1000; 25xSo On North
Clark, southwest corner Of Michigan,
Sf enf and dg ss6 sls os @ soc Of
Fourteenth, $40 COO: 4332x33s6 on Forty fourth,
near continuation of Throop. with all build
ings, 5000; 75xl25, improved, on South
Halsted, southwest corner Of Congress,
ner Sixteenth, $4,000; 16oxo25 on Lake
Shore Drive, northwest corner Of Bank,
Sd, GOO; 100xa}5 on Fifty-first, east Of Cot |
tage Grove avenue SC, o00; 25x1:5 on Twell- |
$3.50; e0xG2, improved: on Ogden |
avenue, northeast corner OF Washington, |
S6. 400; 25x149 OH Dearborn avenue south Of |
North avenue, $1,000; 6sxil3 en- On West Lake,
Michigan street, northeast cornerof La Sale.
IS, COO; 636 West Monroe, $500; 3ox14o on
Fulton, east OF ua1stcd, $500; 2sxl27
On Michigan avenue north of Harmon |
court S7,7Qo; 2o'17x11o on = North o1t ClarS,
on West Wiisshington, east of Ada,
SC, 500; 4G1 7-l0 feet on Ashland avenue. |
south of Diversey, S11,667; 4o2.x3so on Cham
plain avenue, southwest corner Of Forty
fifth, S13, 900; 2o7 S10X155 on Indiana avenue,
southwest corner of Fifty-nintll, S. 165.
An esteemed contemporary says 4 quiet |
movement is known to be on foot, if indeed |
not fully made, whereby the at present de-
pressed lands north Of Division street and |
adjacent to the |
LINCOLN PARK DRIVEWAY
ire to be covered in the due future with resi-
;ome Of the younger and wealthier business
nen of the city. There is no need of names |