St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-03
AS The CITY CROWS
Values Increase on Those
Streets That Parallel the
Mississippi.
Seventh Will Always Be 1.-The
Bowery" of the SANITY
City.
Mistakes Men Make in Build
ing Costly Houses on Small
Lots.
Simply, 1t Seems, by Way OF
Advertising Their Own
Millions.

Nothing of any great Importance has
TRANSFERRED in real estate circles during
the past week. \ good business has
been done by many, but the market has
been almost absolutely featureleSS.
Several Eastern men have been looking
over property with a view to invest
ment, and letters inquiring for certain
classes of property have been numer-
Gus. Those who have been in the city
themselves have been particularly I'm
pressed with Sixth and Eighth street
properties. Several deeds are now
pending in lots on these streets, which
viii probably be closed up this week
in the selection of the best property
10 buy these conservative men show
great foresight. 1t has been pointed
ont in these columns on more
than one occasion how valuable Sixth
and Eighth streets are. Forming. as
they do, the shortest routes from the
extreme east end TO the hill: having
grades much lighter and easier to travel
than any other street; being each but
one block from the cable line they can
not but become first-claSS business
streets. As All investment any property
located thereon is infinitely superior TO
anything on Seventh street, as the sur
rOundingS have not the disadvantages
possessed by the latter. Seventh street
property is good value, and the street
will always bear the same relation to
ST. Paul that the Bowery does to New
! Ork. The streets on either side will
fast become filled with wholesale bust
ness houses. These men who are in
VeSting there have selected 1t as the
most promising investment in the two
cities. 1t is held at comparatively low
prices, and is certain to give big re-
turns to the investors.
Reserve township continue to receive
attention, and there is scarcely an agent
i'll the city who cannot report at least
eight or ten lots sold between here and
Minneapolis. Now that the Grand av-
enue line and Selby avenue extension
are almost ready TO begin building, and
by dropping a nickel in the slot we
shall be able to penetrate the hitherto
uneXplOred regions of the Midway dis
trict, the advantages possessed by this
property for residence purposes wilt be
obvious. The finest sites for palatial
residences are out on the banks of the
Mississippi, where ground can be had
at low prices to-day, but which to-
morrow may sell for as much a lot
as now r0r an acre. Almost ali
men who have built them homes
il st. Paul have fallen into the stupid
mistake of putting 100000 houses on
$4,000 lots. Such houses as A. H. Will
der's. J. L. Merriam'S and J. J. Hills
should stand in gardens of from FIVE to
fifty acres. Too many men aim at
building a house more as a street decor
alton, and an advertisement of their
millions than as a home. Now is about
the last chance of getting sufficient
land on which to build a mansion, and
establishing a family house suitable for
coming generations. There is plenty
of available land in the Midway dis
trict which would make a good specula-
tor if bought in this way. Building
permits for substantial residences in
the East end are being issued every
day. and there is every prospect that by
next summer the streets around the
new car line extension will be well
filed up with houses.