Telegram-herald. ([Grand Rapids, Mich.) 18??-1892, 1891-04-26
BUYING THE EARTH
All Glasses OF People Purchasing
Homes
IN OUR PROSPEROUS GRAND RAPIDS
The Real Estate Market Bsoyans and
Hopeful. bat liz Awaits the settle
msat of the street Car Mud
die before 1t Beoms.


The real estate market at present
seems to Dc depending upon the street
railway question, although the market
during the past week has been mich
more lively than any week preceding II
since the spring trade opened. Among
the real estate men yesterday the fol-
lowing information concerning tina gen.
eral tone of the market was obtained:
j. w. Closterhouse, of l2 Cana!-st.,
when seen said: 1.-The prospect for the
real estate market IS good. Business IN
our ONCE has been quite good for tho
past two weSks. We have made ten
sales within the past ten days. mostly
on Weaithy-ave. We have sold = nice
piece or property on the West Side to {.
A. Head for 5000; We also sold house
and lot on the corner of Highland-aye.
and Lafayette-st. for $1,000, and a
piece OF property IL the North End for
$500. We are about to close = bargain
for two lots on Junctlon-st. on the
Washburn addition"
Healthy Indications.
w. III. Kinsey, OF Kipsey & Mercer,
says: There are healthy Indications
in the real estate market. Business is
opening up quite brlskly. We have
sold two houses On Wealthy-ave. and
one lot on the Fair ground addition,
two on our addition within the past
week, and We have several other deals
that are about ready TO close. The
lot sold on the Far ground addition
was 10 c. Z. Osborn, and he will soon
erect 81 600 residence, and those who
have purchased on our addition will
build homes as soon as possible. One
indication that gives me confidence In
the real estate business is that good
families from out of town, from Chi
cago and other large towns. are moving
here. We have rented several houses
at from S35 to 10 month to families
from other cities"
Business Men Investing.
W. II. Gilbert said: "The real estate
market has been unsettled, and is not
quite as lively as q year ago at this
time. In my opinion, just us soon as
the street railway question is disposed
of so people may know what TO depend
upon, the real estate market will take
boom, and expect 10 profit thereby.
One thing that makes ME feel conf
dent that real estate investments are q
safess thing Is that the solid business
men are investing in real estate.
My business during the past week has
been very satisfactory. l have sold
four or five houses on North College
ave. have good thing out there for
the laborlng classes. l sell them lots
and build houses for them, turning
them over at their actual cost and ls&a
ting them pay for them on the monthly
payment plan. AS l said. as soon as
the street railway question is settled,
there will be lively business.
Laboringmen Are Buying.
Us. Mckee. of J. III. Mckee & Sons,
said: "Thc condition of the real estate
market is of bright aspect. We have
made several sales in the eastern part
OF the city within the past week. These
are mostly between Fulton and Bridge
sts. Lots that We sold this week are
already having foundations laid for
new dwellings,. We have had good
many inquiries for property within the
last few weeks. Laboringmen are avail
ing themselves of the opportunity to
secure homes for themselves on the
monthly payment plan"
Seeking for Ho mes.
F. J. Lamb said: "The condition of
the real estate market has been rather
dubious this week on account of the
impending street railway question. The
value OF real estate now makes it a
good investment. | am sure that as
soon as this question is settled, tnat the
market will take an encouraging fever,
and | think IT will bc a lasting one.
We made n few sales last week. We
have closed deal for the hotel pro-
perty IN the South End on the corner
OF II. Peter-st. and Burton-ave. to Mrs.
Mary Adrisn, We have had number
OF seekers for homes, but they are not
quite ready to buy under the circum-
stances"
Inquirins for Tenements.
l.. s. Provn when seen SAID: al ex-
pcct TO see = boom in real estate If the
transct question is settled. The inquiry
for property 10 good. but sales have not
been very lively. You ete the people
have been waiting to know the result of
the street car question. We have sold
eight lots within the past week and pre-
parstions for building houses have al
ready commenced. The inquiry from
'tHttfc itl tbcap Houcts Istr tAtceCcu
that of any previous season within my
recollection. All the best renters have
secured homes for themselves"
Building on the Boon.
Joseph G. Mckee gave his opinion of
the real estate business as follows
"Ths market has been rather dull with
me this week. l have had more IN
guiries and closed fewer bargains this
week than At any time during my bus
mess. | have sold, however, this spring
abou. twenty-five lots IN South Grand
Rapids. Building il taking quite a
sudden activity out there. SIX founda-
tions were laid this week on the lots
that have sold. There are twelve
row under way. Sproul Il McGurrin's
Novelty Factory 10 nearly enclosed.
This factory will employ forty men rs
soon 80 IL starts up and the force will
probably be increased 10 100 within a
year. From Indications now | expect
30 sell 100 lots in South Grand Rapids
during the coming season.
The real estate coaveyances reported
for rsstyr a fr, hx