St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-21
ST.PAUL REAL ESTATE
Waiting for the Settlement
of Political Matters Be-
fore Investing.
Those Who Have Been Buy
ing Generally Purchased
to Build.
ALot on Seventh Street Sold
for $1,000 Per Front
Foot.
Extension of Eighth Street.
Tne Seventh Street Cable
Line Begun at Last.

tits clear to all that there will be no
greater movement in real estate than
we are now having till after the cleo
ton is ended. Men are too much distract
ed with politics and other kinds of bust
ness to devote much time to real estate.
Notwithstanding the fact that there Is
not very much activity in real estate,
for a wear and half the tendency has
been steadily in the direction of conf
dence and strength. The cOntin-
uOus and rapid growth Of the
city, and its exemption from the
trouble. veXatiOn and injurious results
of strikes and Industrial disturbances.
have resulted in the distribution of
large sums of money among iaborlng
peOnlP. and in a constant demand Tor
new and better homes. Three-quarters
OF the transfers have been of property
TO peOple who desired to erect homes
for themselves. In whatever direction
one goes from the center Of the city he
will find large numbers of small houses
being constructed. This can be wit
messed out on Arlington Hills, and all
along through Stone Il Morton,s addi-
ton: also, in South st. Paul, lnver
Grove. Lake Como and at various other
DOllllS dIOulll lilC Gllgs ~ lhNCb
the large increase in pOpula-
ton in St. Paul considerable suburban
property has been opened up and i'm
proved, and new clusters of population
established. Thus. while inside prop
erty has had no boom, there has been
constant Stiffening of prices and
gradual enlargement of ideas on the part
of landlords. The result is that to-day
the ST. Paul real estate market has a
healthy tone and is on a firm basis.
CAPITAL comes here because it has con-
fidence in st. Paul. There is no large
dealing, either in outside or inside prop
erty.
Occasionally deal of some impOr-
lance is made, like that Of Friday, IN
which Pat COnley bought of the David
son estate fifty feet on Seventh street
running back $50 feet, next east of the
Olympic theater. The price paid was
81 600 per front foot. or $4,000 for
the whole. 1t is the intention of the
purchaser to erect as quickly as is con-
yenient a brick business block.
OF late. but very little has been heard
about the extension of Eighth street
across to the bluff. About three or four
months ago, when the newspapers got
hold of the plan to extend the street. it
was discovered that a project was be-
fore the council for the extension.
Since that time the matter has been very
quiet and has apparently dropped out
of the public mind. Certain parties,
however, have, in quiet manner, been
picking up property on this street,
wherever it could be found for sale.
and row that work has been commenced
on the Seventh street cable car the i'm
pnrtance of Eighth street comes more
int r-inxrr IF il lainpn nv
MANY that the business of Seventh
street will be largely increased and that
considerable trade will naturally go
from Seventh street to Eighth. The re-
suit is that Eighth street stands very
high in the estimate of real estate deal
erS.
Perhaps no portion of the city can
show a greater number of firSt-claSS
residences erected during the year 1888
than MackubIn & MarShall'S addition
and the region Immediately west of it,.
As an Illustration of the steady increase
of values in this SertiOn caused by the
building Improvement and the compile
ton of the ROndO street car line. Capt.
W. c.. Wilson has sold for the owners
the northwest corner of Mackubin and
Carroll streets. $50 feet front, for 50, 150,
the purchase being made for invest
ment. This property was held fifteen
months ago at 5000. which was then
considered its full value.
George Watson, f. G. lngersOll, c. NJ.
Power and w. G. White will build resi-
dences on st. Anthony hill, near the
Crocus Hill district, which will cost
from $4,000 to $4,000 each. The fOunda-
tiOns will be completed this fall.
Bushnell & Bushnell have sold two
lots in Summit Park for 5000 each.
They have also given arefuSal Oh twenty
acres in Reserve town. They also re-
port a COOP inquiry for property in HOl-
combs, Nininger & DOnnelly's and
Summit Park additions.
Work has been commenced on the
cable line. About two weeks ago work
was begun on the eastern end, at Du-
Iuth avenue, and this week men COM
menced cutting into Seventh street at
its junction with Wabasha. The work
will he carried as far into the winter as
the weather Will permit, but when the
weather becomes so cold as to render il
necessary to stop work it will be SuS-
pended, and the street will be put into
good pasSable condition for travel.
II. A. Clark is about to erect a block
of stores and dwellings on Selby ave
nue.. near Dale street.
J. NJ. Carlson is preparing to build two
dwelling houses on Laurel avenue, neal
st. Albaus street, at a cost of $4,000.
The st. Peter Street Improvement
company has constructed large apart
ment hOnse on the northeast corner Of
st. Peter and Tenth streets. 1t contain:
165 rooms, and will cost S225.00 Ne
cooking will be allowed in the building
but firSt-claSs restaurant will supply
everything in that line.
The Record,