St. Paul daily globe., 1888-06-03
ST.PAUL REAL ESTATE
The Real Estate Market Gives
Indications of Improve
ment.
A Fair Amount of Sales and
a Good Healthy Inquiry
, All Around.
The Gieselman Block Sold. To-
gether With Half of the
Union Block.
A Good Inquiry in All Parts
A Good Inquiry in All Parts
OF Town, Mostly for I'M
provementS.

Ihe weather during the past week has
been somewhat more favorable for real
estate transactions than any preceding
week for quite long time. Business.
however was interrupted a good deal by
the ceremonies of Decoration day, and
also by the preparations for the same.
which occupied a part OF the two or
three days preceding. There seems to
have been. throughout the week, con-
siderable inquiry, and, Notwithstanding
the loss of one whole days sales, have
reached about the same as usual for
the whole week. Up to the present
time the inquiry has been confined
Principally to property for improve
ment, and some rather large sales have
Deen made. Among these may be men
toned the sale made by Col. James II.
Davidson to the Davidson estate of the
east half of the Union block, located on
tne northeast corner of Cedar and
Fourth streets. The half that was sold
has frontage of so feet OH Fourth
street, running back $50 feet in depth.
The price paid was S150,OOO The lot
has SiX-story brick building, and it is
regarded as a good sale. This Union
block was built by the late Commodore
Davidson and Col. James H. Davidson
Jointly, about four or five years ago.
The eastern half, belonging to James
ID. Davidson, was fitted up wear or
more ago into suites of rooms and single
rooms, suitable for dodgers, and during
the year has
PAID A HANDSOME RENT,
much better than it ever did before.
Another very good sale was that of the
GelSelman block, on the north side of
Seventh street, between Minnesota and
Cedar streets. This was sold by Morris
Beifeld for 1000. Something less than
two years ago it was sold for 10000.
Ihls is an Increase of $4,000, or 25 per
cent In less than two years. H. S. Fair
child d Son report the sale of four
lots in Howard Park for $4,000.
One lot in Irving's addition to
Union Park for 1925, and two
lots in Syndicate Addition No. for
s., 400. That part of st. Paul out in the
Vicinity OF Payne and Greenbrier ave-
nues, on Dayton's bluff and Arlington
Hills, is attracting great deal of atten-
ton. The street car company is haul
ing rails for a street car track from
Greenbrier avenue to Maryland avenue.
to which point the line will soon be ex-
tended. This fact is having a great
deal of influence in causing an in
creased demand for property in that To-
callty. Messrs. Stone d Morton, who
own two or three additions out there,
have sold a large quantity of
property all around these i'm
provements. Few people who live
IN st. Paul have any idea of the great
change that has taken place in that di-
TectIon. All the way out Payne and
Greenorlar avenues, from Seventh
street, there are blocks of stores and
business houses. This region is one of
the most active parts of st. Paul and
Will surprise the people of this city who
have never been out in that locality.
Oakville Park, in which Messrs. Stone
u Morton sold great many lots, is also
located in this region. Messrs. Bush
nell & Bushnell report fair amount
of trade and good deal of inquiry for
almost all kinds of property, but
especially for business and residence
property. 1--WE have never had season
when there was such an active demand
for
PROPERTY To IMPROVE
as there is at present and has been all
the season." These two gentlemen sold
three ,houseS and lots in Inver Grove
for $3.50, and one block in the same 10
cation for $500. These gentlemen re-
port good inquiry and several deals
that are about to be closed. The Glad
stone Land company will commence
this week to build fifty houses at Glad
stone. These houses and lots will be
sold on the monthly instalment plan
and at prices ranging from 500 to
$1,000 each. This enables all people
of moderate means, and poor people
especially. to secure home under
the most favorable circumstances. Not
withstanding the council has disposed
of the elevated railway, the matter of
rapid transit to the outskirts of the city
continues to exercise the minds of peO-
pie. Their minds do not run so much
to any particular kind of transportation
as to the idea that they should have
some kind of convenient and quick
conveyance to the suburbs. j. j. Hill
has taken out permit for three-story
stone and brick dwelling house, to be
erected on Summit avenue, to cost $685.
600. S. NJ. Cary and r. B. G. Bement
have taken out two permits for tWo-stOry
dwellings, to cost 900 each.
A. NJ. DOherty sold at auction twenty
four lots in Bergman's addition, block 2,
on the corner of English and Frances
streets, to G. A. B. Weide for S11, 1854
two lots on Beach street to F. p. ChildS
for Sl,o75. Mr.. Doherty's sales for the
past two weeks at auction amount to
$50, l34, which seems to indicate consid-
cradle activity.