St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-05-09
ST. PAUL REAL ESTATE.
Notwithstanding the Chicago Troubles
the Real Estate Market Holds
Steady and Firm.
Sales for the Week Over Half Million
of Dollars, With Improvements
Everywhere.
West st. Paul Property Continues In
Great Demand, and Everything
Looks Favorable. .
Dayton's Bluff and Lake Phalen NOT
Behind--Demand in Every Part
of the City.
The Market for Dirt.

The real estate market III Ot. fdul LIDS
unuuestionably been seriously affected py
the labor troubles and the difficulty i'll CHI
.ago and Milwaukee. The week began
with a good opening of S129,O0 transfers
for the first day. The second day the
transfers dropped to S42, 900, and on
Wednesday they fell to S24, 600. Thursday
thew improved a little and increased TO
sS3. 900. Friday they increased to over
5000. 900. 1t is the opinion generally inat
The real estate market was very much III
terfered with by the unsettled condl-
lion of labor Men hesitated about
making investments until they saw
some approach to quietude and
The steady and regular enforcement of law
It has been said that there is nothing SO
eowardly as a dollar, and this was we'll IL
Illustrated by the real estate market during
the past week. During the first and middle
of it there was but little inquiry, though the
week closed with sales of over halt Il NIL
lion dollars. This is about the usual aver
age Nh. Ansel Oppenheim who Is COM
petent gentleman to judge, attributes the
falling off in transfers wholly to the general
trouble referred to, and noted at once. just
as soon as quiet was restored, and the
law sustained, that money again sought IN
vestment in real estate us readily as before.
Though we had three days during when
the transfers were very Much cut down, III
a general way, the week has held up re-
markablv we'll and shows the usual total
for the whole period. MI. Openhelm Is Oh
the opinion that there will be very active
real estate market during the month OF
May.
DEMAND ELSEWHERE.
The inquiry for real property have been
~, tbla nv
inside business property there has been
somewhat more active request, and it is I'M
derstood that several heavy transactions
are underway which will result i'll
the erection in the business district
of several good-siZed blocks. Cap
ital from the East still settles toward st.
Paul. This would be still more marked
than it now is bur for the doubt and hesita-
ton caused by the labor troubles. There
are some indications that these difficultIes
will soon be composed, and that business
before a great while will get settled back
into a more fixed and stable condition.
There can be no doubt whatever that it
these troublesome matters were ended there
would be business revival that would be
In marked contrast with anything seen in
some time. The city is growing very rap
idly, especially in the suburbs. All around
plat after plat is being added to the city,
and in almost every case lots in these
new additions are purchased with IA
pidity. This shows that ST. Paul is re-
ceiving within her borders a large number
of people with moderate means that come
to STAY and become part of the city. On
Dayton's bluff there has been very con-
siderable quantity of property sold. Since
the Citizens union commenced to keep an
eve upon the general business and require
mentS of that ward it has been gradually
coming to the front. Public improvements
have been made in that ward that would
not have been touched for years but for
this citizens union. 1t would surprise
any one who has not been out through the
Fifth ward to go into it and see what an
amount of building has been done there
Even out as far as the harvester works
they have built up the whole country, and
now the buildings are stretching out to
Lake Phalen.
WEST ST. PAUL.
This part of the city is in many respects
a wonder For years it was regarded as
useless and valuless. To-day it has from
Is, 900 to $4,000 population. with its real
estate worth more than four times as much
as it was a few years ago, and with prop
ertv that far surpasses i'll value anything
the city had any right to expect. Now
comes to piece out and increase its valne
the cattle yards that it is reported are to be
located five or six miles down the river. A
good deal of builing is going on in that 10
cality. especially on Dakota avenue. Mr..
Langevin will erect block of seven stores
on that thoroughfare and Fillmore, avenue,
costing about $50, 900. The Lawton
block, previously mentioned, on
Chicago and Dakota avenues, will
soon be completed at a cost this year of
$4,000. MessrS. GeiSelman d Shuman are
about to erect three-Story block on Da-
kota and Indiana avenues to cost S25, 900.
1t will front ninety feet on Dakota avenue
and will be Seventy-tive feet deep. Mr.
KircSh will erect a block directly opposite
that will cost $4,000 Aid. Minea will
erect a SIS, 900 block three stories high on
the corner of Dakota and DeloS street.
William Thompson will put up block Oh
Dakota and Isabel to cost $50, 900. There
can be no doubt that West st. Paul is in
very favorable condition and that her pros-
poets are of the most promising character.
miscellaneous.
The Jackson street church appears to be in
a very prosperous condition and to have a
very pleasant future before it. About three
years ago it bought lot on the southwest
corner of Eleventh and Robert streets with a
view of erecting thereon a handsome church
edifice. The construction of the Robert street
bridge gives promise of causing property on
that street to become very desirable. The So
ciety or church has therefore determined no,
to build ON the Eleventh and Robert street
property at all, but to hold it, having become
satisfied that it will become very valuable
The church paid $4,000 for it, and it is now
supposed to be worth $4,000. The church
society has therefore bought two lots on the
corner of Twelfth and Minnesota streets upon
which it intends to build the church. For
this it paid $4,000. In the meantime the So
ciety has sold the old church on the corner of
Ninth and Jackson streets for $25 00O with
the right of using it for one year. This sum-
with the interest, at the end Of the year
will give the church about $4,000.
and if it sells the corner of Eleventh and
Robert for S25,000, the church will have
about $4,000 after paying the $4,000 for the
new site on the corner of Twelfth and Mime
sofa streets. This will enable the congrega-
ton to put up handsome structure The
new church to be built will be near Central
park, and will be called the Central Park
Methodist Episcopal.
Some days ago it was mentioned in these
columns that syndicate of st. Paul men had
bought of E. Z. Drake large tract of land
bounded on the west by Smelling avenue
Minnehaha on the north and Charles on the
south. The gentlemen who made the mr.
chase had the whole tract plated and will
soon place it on the market. The lots are
mostly 40X125, and are so plated that each
lot has the benefit of a twenty-foot alley.
The brick hotel on the corner of Robert
and Seventh streets is being retitted and re-
modelled. The Seventh street side has been
wholly torn out and will be so rearranped
that stores will be put in facing on Seventh
street. This will be great improvement
and will so fix the property that good rental
can be got out of it.
1.-THE tract of eighty acres on the tract known
as the Frost and Ide property, bought some
weeks ago by William Dawson, has been
plated into forty-footlots and will be formed
into town site to be called Gladstone. The
lots will be placed ON the market SOON
Messrs. McClung, McMurran & Co. have
been dickering for $50, 600 worth of property
near st. Anthony Park, and it is reported
they have completed the contract and will
plat and improve the same Immediately
The German society is looking for salts
factory location for tho otb aDepn,,, ~, lon -.