The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-17
REAL T A REVIEW
SOME BIG TRANSACTIONS RECORDED
DURING THE WEEK.
The Flats Sold for 600
Comparison of Transfers, Mort
cages and Releases.


The real estate market showed no radical
change from previous conditions during the
past week. There were three or four big
transfers. One of the most important sales
OF the week was that of the Delaware flats,
located on the northeast corner of Della
ware street, which passed from the hands
of c. E.. Wallingford TO the Central Trust
Company as trustees of the heirs of a large
estate. The price paid was $4,000. The
trust company feels that it has obtained
for its clients a very productive piece of
property. as the annual resources are near
~ $500. Thus far il has a record which is
believed to have never been surpassed by
any building of its class. Every fiat was
leased for a year long before the structure
was completed. In the transaction about
two-fifths was given in property. including
twenty lots just south of Washington
street and east of the baseball park, which
Mr.. Wallingford says will be improved,
though probably not before fall. by erecting
thereon medium-priced dwellings. The
Delaware was erected in September, 1900.
Andrew j. Applegate sod, on Thursday,
to Harry ]. Milligan, through the Mick
company, for a consideration of 5000, lots
eight, nine, ten and eleven on the north
side of Washington street. adjoining the
alley west of West street. Lots eight,
nine and ten have a frontage of twenty
feet each and a depth of 1S5 feet. Lot
eleven has a frontage of sixty feet on
Court street and on the alley west of West
street of forty-five feet. The livery stable
known as the "Old Checkered" stands on
the corner lot, abutting the alley and has
been there for many years and the sceIe
Of many horse trades between men THAI
lay David Harum in the shade. The ground
is assessed at 5000 and the improvements
at $500, $50 of which is on lots eight,
Dine ana eleven. The property immediate
nv adjoining, consisting of four seventy
two-foot frontage, is the property of Mrs.
Anna Porter Mason, and couples a par
of the ground where the old CARLISLE
homestead stood for many years, and at a
time when Washington was known as the
National road. 1t was John Carlisle who
owned a major portion of the territory
lying in that section, and he subdivided the
land as it now stands. This sale brings
into prominence Mr.. Carlisle, who came
to indianapolis in 1887, and by his integrity.
~frugality and intelligence accumulated
quite a fortune, but in his old age mis-
fortune incident to the panic of 70 wiped
out ais 2ccumulationS gathered in the years
preceding and at the time of his death ne
had little of the property that his remark
able energy had reduced in his younger
days. In 1910 he built a large merchants
mill on the canal, near Washington street,
and manufactured flour, which was the
finest ever made in this part of the coun-
try. He wagoned it to the Ohio river for
shipment, and was ridiculed by his
friends, but marked success crowned his
efforts and judicious investments gave him
considerable wealth. Two years later he
bought wheat at Is cents a bushel and corn
at 10 cents and sold his flour at S2.15 per
barrel and corn meal eight bushels to the
dollar. In 1864 his business amounted TO
LOCO, 600. He was the first man in Indian
apolis to sell milk from wagons.
XXX
Another purcnace as plralv a business
investment was the transfer of the brick
block on Market street just east of Ala
bama street, owned by Charles E. Shower,
to William and Robert Pickens. This
building has a frontage of 100 feet and 1876
In depth, running back 10 Wabash street.
1t is assessed at S12.6 600 and the improve
ment at $500. At present it is occupied
by the Cones overall factory and a cold
storage plant. The consideration was $4,000.
TIL sale passed through the Mick agency.
The purchasers bought a half interest in
the Belvidere flats in the last week of Feb
ruary.
Charles Lacy decided to Levi B. Pierson
Lot 8 on South Meridian street, between
Regent and Ray streets, with a frontage
of 36.5 feet and a depth of 40 feet, and an
assessment of 81, 43O on ground and $500 on
improvements. Consideration, 5000, On
which Mr.. Pierson transferred to Mr.. Lacy
for an equal amount Lots 1 and 2 on
ArClDe oLAOCNs VNNNO llOopCOl III w Jul
lawn streets. with a frontage of 1853
feet, assessed $1,975 on land and improve
ments, and 10 feet, assessed for 81, 500 for
the same. Lots 10 and 16 front on Tenth
street and have 80 feet frontage and 135
feet depth.
A number of lots were sold by Henry
Kantrowtz to Louis Newberger for $4,000.
They were located in different parts of the
city, and were as follows: Lot % is sit
- - ~
teenth and Twentieth streets. and is 80 feet
front by 155 depth. Lot 70 is on the same
thorOughfare, but between Twentieth and
Twenty-frst streets, and of the same di-
menslons; Lot . has a west front and 70
an east front. Lot % is assessed for land
at $725, with improvements at S1,250. Lot
40 is assessed $3.50; improvements, $500. Lots
4. 3. 6 and Z are on English avenue, between
State and Harlan streets, and parts of 3
and s, with a total frontage of 1856 feet
and depth Of 126 feet. Lot Z has improve
ments of $1,000. and the total value of the
lots is $1,15. Lots to II front on Parker
avenue for a length of $50 feet; 10 and 16
are on Tenth street, with so and 40 feet
frontage, respectively, and a depth of 1875
feet. The total value of these lots by the
assessment is: on Parker street front. 5000:
on the Tenth street front 1910.
KIN
Miss Mary e. Frombold transferred to
Frank Fertig two lots, one with a 2O.2 'front.'
age on Delaware street and los feet depth
on Merrill, thence 20 feet at right angles
TO the alley north of Merrill street. This
lot, which is really 9 and 10 Joined. is in
the form of an L., and the land Is as
sessed at $l,100 and improvements S1,525.
Mr.. Fertig paid $3.50 for his deed.
A sale of Washington township land was
made by Sarah McGhee TO w H. Afford.
and consists of Section %, Township II.
Range 3, Section q, Township II. Rang 3,
or 2O acres in all, for which Afford paid
81, 200.
George s. McDougall will erect a block of
flats at the southwest corner Of North and
New Jersey streets. They will be built of
pressed bricA with stone corners and trim
mings and a solid stone foundation. There
Will be ten suites. fitted with hot and cold
water, baths. electric lights and other con-
veniences that high-class now demand.
The cost will be $4,000 and work will begin
this week by Contractor G. L. Hamilton.
This building was designed and the con-
tract let by Architect Hendrickson.
David Gibson. the architect, has drawn
plans for a three-story fat building To-
Gated on North Pennsylvania, near Walnut,
on the site OF the old Foster home. 1t will
be divided into six suites Of seven rooms