St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-26

at an average price OF $2,25O per acre.
They plated it into lots, 50X150 feet,
and have sold them readily for from
$1,000 to $4,000 each, with prOvisO that
no improvements should be made to
cost less than $1,000 per lot.
Mr.. Bishop, of the above firm pur-
chased in 1885 a lot on First avenue
teenth streets, in Penniman'S addition,
for $4,000. He subsequently sold is for
$4,000, lYepurchaSed it again for another
party for $500, and now the owner has
lately refused $4,000 for ii, all within
two years.
Speaking about there's many slip
'tWiXt The cup and the lip" says Mr..
Bishop, in 1884 rejected the opportun-
lily of buying lot on Oak Grove street
for $500, but in 1857 | person
ally. loaned upon that lot $1,000,
Whlle5n about a week ago |
was offered $4,000 for it. Again
continued the gentleman, the same
syndicate that bought the KenwoOd
tract, made the purchase of certain
property on NicOllet avenue and Forty
$1,000. an acre, and sold it six months
later for 81 800 an acre, while the pres
ent OWNERS are selling the same for
$1,000 to s., 500 all acre.
SOME STRIKING SAMPLES.
f. f.. Graves says that in April, 1884,
he bought block /, Manages addition, on
Hennepin avenue and TWenty-fOurth
street, for $4,000, sold it three months
later for $1,000, and it can't be bought
now for less than $4,000.
Kenneth MacRae informs the GLOBE
that i'll August, 1856, he sold lot 10, block
81, RemingtOn'S Third addition, for $3.50,
but the next spring he sold lots in the
same block for $3.50 each, cash.
a. Humphreys says that two and a
half years ago he could have bought
three and quarter acres on Western
avenue for $3.50, but refused, and since
then they have been plated into twenty
lots and sold for $500 and he further
says that within the past three years he
could have bought lots on Chicago ave-
nue., inside of Twenty-ninth street, for
sou, that are now scarce at 81, 800.
a. X. Chestnut sOliliquizeS thusly:
In Galpin's addition, running from
Clinton avenue to NicolIet, and between
twenty-five and Twenty-siXth streets,
he bought lots for $500 in 1881, and these
same lots have since been sold for 81, 900
each. And in COrsOn's addition from
Third avenue south to NicOllet, be-
tween Twenty-sixth and Twenty
seventh streets, $500 was the selling
price for lots which to-day readily
bring $4,000.
Take it in Forest Heights in 1888.
says Mr.. Chestnut, and [ sold 100 :acres
for $500 an acre, but now lots are selling
for 81, 800 each. And again, in 1886, 1
sold 44X132 feet on Third avenue south,
opposite site of new court house
for 1925 that now is held at 200 foot
and the owner has refused $3.50 per
foot.
f. Z. Penny, formerly partner with
l.. F. Menage, says that in 1881 the Mo-
tor Line addition, consisting OF eighty
acres, was bought by Menage of Mr..
Kurtz, from PENNSYLVANIA, brother
in-laW Of II. &. Sidle, for $500 an acre.
Menage plated it into 400 lots, and sold
a great many of them for from 81, 900 to
81, 800 each, the latter price being for
those facing Lake street.
Mr.. Penny further says that ex-Sena-
tor William Window was the owner in
1880 of what is now known as WINDOWS
eighth street and Lake and Lyndale and
Hennepin avenues, and in the spring of
1881 sold the tract of eighty acres to
Menage. for $500 per acre, who has since
gathered big harvest of ShekelS from
the SALE of lots.
In the spring of 1882 CHANNEL, Hay
wood &, Co. bought the fifteen-acre piece
known now as the Twenty-fifth Street
addition, for 81 200 an acre; plated it
into ninety lots, and within ten DAYS
afterwards traded the same to j. M.
Bartlett for 1,500-acre farm in Stevens
county, calling the lots worth $500 each.
Insideof another year they traded the
same farm to Menage for a group of lots
1n FL. I'll
In 1880 John n. Barber had listed
with him the lot now covered by the
Kasota building, corner of Hennepin
avenue and Fourth street, at $500 per
front foot, and the lot occupied by the
Hennepin block on Hennepin avenue,
between Third and Fourth streets, at
$3.50 a foot. Now that same
property is cheap at $1,000 foot.
MI. Barber, in 1882, bought Garfield adj
ditiOn, on Lyndale avenue, between
TWenty-ffth and Twenty-sixth streets.
for S266.67 per lot, while they were sub
sequently sold for $500 to $1,000 each.
Frank Crowell, in January, 1886, pur-
chased the double corner at Lake street
and Lyndale avenue for $1,000 and
could sell it to-day for $4,000, but pre-
fers erecting upon it an an elegant five
story stone block, costing $4,000, that
will be finished this season, and which
JOralemon & Ferrin are the architects
of.
j. G. Smith bought, in 1880, 1O5 feet
on Hennepin avenue, corner of Sixth
street, for $4,000. He subsequently
erected five frame houses, costing 81, 500
each, and has rented them for enough
to pay good interest on his Investment,
all taxes and repairs, and now refuses
the modest sum of $l25,000 for the prop
erty.
A. r. Chestnut sold, in 1888, 100 feet
between Eighth and Ninth streets, on
Hennepin avenue, running back to
Mary place, with improvements. for
5000 foot, and which has since been
sold for $500 foot.