St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-10-10
ST. PAUL REAL ESTATE

Dayton's Bluff Beginning to Come to
the Front--Immense Improve
ments Out There.
West st. Paul Holds It's Own Firmly,
While Phalen Lake Property
Looks Up.
The same Demand.
During the past week there has been the
same steady, regular demand for real estate
that has characterized the market in st.
Paul for more than year. This demand
has not been limited to any particular kind,
but embraces all descriptions. People from
abroad who desire to invest, generally seek
to secure acres in some favorable locality
near the city, or, falling in this, they seek
to place their money in good paying bust
ness property that secures them good
rental. There is really but very little choice
expressed between these two classes. Both
are regarded as very desirable. All others
seeking investments hunt for themselves
and continually find something that suits.
No person can make mistake as to whether
or not the investment will be profitable
q, L
matter for consideration is as to where to
make the investment so that it will pay the
largest profit. ANY one can see without
difficulty that the city of ST. Paul is on too
broad basis, its business interests too eX-
tenslve and firmly fixed, and its financial
and commercial standing too securely an
chored to leave any doubt as to what the flu
ture is to bring forth. 1t may be stated, as
general proposition, that investments are
made in all parts of the city about alike.
Opinions differ, and almost every person
has his own idea as to which part to select.
Of course, there are some parts of the city
which are now and probably always will be
regarded as the choice and specially desira-
BILE localities, like the Midway
district and Seventh street. Prop
erty in the Midway district is
always in demand and efforts are continu-
ally being made to pick up good bargains
in that region. 1t possesses great many
advantages that are calculated to keep il
prominently in the public eye. This dis
trict is broad one, well located on an ele-
walton, and so peculiarly and fortunately
located between the two cities that it is
naturally of commanding Importance and
will always in the nature of things remain
so. In fact the whole belt of country west
of upper Rice street out to Como. including
Hamline, has been of late
COMING INTO GREAT IMPORTANCE,
and very active inquiry is being made
for lots in the vicinity or Hamline. The
location of the state agricultural grounds,
the st. Paul & Northern Pacific railroad
shops, the large amount Of building there,
the construction of a handsome brick de-
TIDix !,
grading that has been done there has served
to attract to Hamline this year, rather
more attention than even before. The syn
dlnate which made an addition near Ham
line has sold large amounts of property
there within the last six months and prepa-
rations are being made for the erection of a
large number of elegant dwellings on the
property there sold. Population is rapidly
increasing out there, and it will not be long
before the board of education will be called
on to erect large school building in this vi
cinity. All through this immense Midway
district prosperity reigns, population and
! wealth are increasing, and the whole re-
gion is changing its appearance. Macales-
ter, Hamline, Como, St. Anthony Park,
Como heights, Midway heights, all, are
being built up with surprising rapidity
For property in this vast district there is a
continuous inquiry. 1t is the garden spot
for investments, not because very large
sums of money are made so very quickly,
but because everybody regards it as de-
| cidedly progressive property with hardly a
| possibility of its ever meeting with seri-
Gus decline. 1t is probable that if a per-
| son was here on the ground with ready
| money at his command he could find some
other property in other parts of the city
| that would pay larger profits quicker.
These, however, are only chances, while
| the Midway realty is steady and
unchanged, being the same one day that it
| is the next. During the last week or two,
| indications have been cropping out to the
effect that property on Dayton's bluff was
coming into better demand, and that prices
| were gradually advancing. 1t is not sur
prising that this should be so. This part
of the city being somewhat isolated, but
| few people have any adequate idea of the
extensive system of public improvements
that has been carried out there during the
past wear. Miles of streets and avenues
have been opened and graded in all direc-
tions. The water works have been eX-
tended to the bluff and mains and pipes
laid in all directions, while hydrants are as
numerous on many of the streets as they
are on Seventh or any other thoroughfare in
the center Of the city. The opening up
THESE STREETS AND AVENUES
has unlocked great deal Of property and
afforded property holders an opportunity to
improve their property by erecting thereon
residences or business houses. The i'm
prOvement of property on this bluff has
been very general and extends to the east
ern boundary Of the city and far up to the
north. 1t is probable that Seventh street
will be paved next year some distance out
towards Posts Siding. Of course. all
these improvements could not be made
without largely increas sing the value of re-
atty all over the bluff. There are only a
few instances however where prices have
been actually advanced. These have been
in additions only where sales were rapid
and the demand very active. Property all
over the bluff is stronger and is really held
at higher prices though much Of it. has not
been put in the market
All through West st. Paul realty is in
good demand with stronger prices. There
is great activity in South st. Paul, and
several additions have been wholly sold out.
The buildings being erected there by the
st. Paul Union Stock Y ards company fur
nish work for large number of people and
give the locality an appearance of great
activity. and. as strange as it may seem,
such a large number Of people 60 and come
on the motor line to and from the stock
yards that the motor trains are literally
packed. During the week good deal OF
inquiry has started up for property in the
northeast part of the city. north and west
of Lake Phalen, and there are indications
that trading will be more active out there
than it has been.
miscellaneous.
Seventh street property is in very great de-