The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-01-20
REAL ESTATE DEALERS
A FAIR AVERAGE OF TRANSACTIONS
IN A DULL SEASON.
There Will BE Considerable Activity
When Spring Opens-Gossip
of Interest.

| Notwithstanding this is the winter season.
when business of all kinds is usually dull.
real estate transactions show pretty
fair average. Conditions are against sales.
and buildings are not being erected as
rapidly as will be the case when spring
arrives. but there is a reasonable amount
of transfers of properties, and several large
and handsome structures are being erected
Real estate dealers are almost unanimous
in the opinion that the first OF March Will
| bring activity in their line that has not
been seen in years, for money at low In
terest Is plentiful. and there is DISPOSE
| ton on the part OF many who are able TO
build to enter upon the work as soon as the
| weather will permit.
! During the week ending last night there
were ITO transfers entered on the county
recorders books, showing total of $780,
74S.1s. Only three of these were out OF the
ordinary-that of the sale of the Plaza
Hotel on the Circle by John Roberts TO
/ Arthur C. Newly for consideration OF
$751; goo. Mr.. Newly transferring to Mr.. ROD
| erts his Michigan-street apartment mousse;
| the purchase of the buildings ana gIouho
| on part of Lot 6. Square 81, by Z. =. Perry
| for $4,000. This property is LOCATED on Rel zen.
| block south of Washington street, ana al
| joining his ground that lies Immediately
| south OF that, which abuts on the aHey
which runs to Maryland street west OF
| Illinois, and upon which stands the large
brick building occupied by the McElWalne-
! Richards Company, with frontage on
| Kentucky avenue of 80 feet and on Mary
| land street of 81 feet. Several small BUT
| substantial structures occupy the 1ronl oi
| the newly purchased Perry ground on heI-
| lucky avenue, which measures 5S.S rect,
nd oil hriol bi1iI
Maryland street end that mas stoou lhsIe
| for years and is now dignlned with tne
name of hotel livery stable also also iroH itS
| the former ground owned by him, tolai on
Kentucky avenue of 9l.6 feet and 100 on
MARYLAND. So that it is apparent ina. ne
has been very fortunate in his investment,
as 1t will give him a large surface, advan-
tageously located. for the erection OF a
large building, when business-which Is
sure to go in that direction-demanoS more
modern and convenient quarters
Yesterday the deed for the j. w. Sewage
homestead in Morton place, at $1,000, was
recorded
The rental business is not brisk at this
time of year. People do not want TO move
in cold weather and those who believe in
the old saying that it is cheaper to
move than pay rent" are little more
runctual in the payment of the monthly
dues and remain in their homes until the
weather changes to a state that will admit
of change of residence. All real-estate
dealers look for activity in this branch
OF their business as soon as summer makes
its appearance as well as in the sale ana
exchange of property and decided IN
crease in the erection of business houses,
apartment houses, flats and other struc-
lures.
Sc firv,o her ID
ings in process of erection. such as the
Claypool, at Ohio and Pennsylvania streets;
the X of P. two-story structure, at the
point of Pennsylvania and Massachusetts,
avenue. on the site of the John Wood
home; the factory for the Pioneer Brass
Company. on South Pennsylvania street,
a three-story building with business rooms
and living apartments, on Massachusetts
avenue beyond Vermont street, and an
other brick building at New York and Della
ware street On East Washington street
near East, there is q three-StOry brick al
most completed that ad5oins another sight
ly structure of three stories and about
ninety feet frontage now ready for oc-
cupancy. This building occupies the site
where for years one-story frame buildings,
worn and tottering with age. stood until
a few months ago they were condemned by
the building inspector and gave place to
a building that is credit to the street
..
street S. E. Perkins has built substantial
business block and has plans for another
on the ground just west of Missouri street
where the old market with its topping
sheds held forth for half century.
The fiat building under construction by Mr.
Charles Dale at Delaware and Michigan
streets will be ready for occupancy by
March 1.
One real-estate firm whose address can be
secured at this office has an exceptionally
good proposition for ground now covered by
inferior frame buildings, centrally located,
and on six car lines, four passing and
two within one block. that will be an ideal
location for an apartment building so
| that tenants would be in easy access to
their business and have an excellent car
service, the run~from the center OF the city
not consuming twnen the cars are running
on schedule time) TO exceed seven min
utes.
Downtown storerooms are not be had
for the asking or certified checks for year
in advance and there seems to be no solu-
ton of the dilemma in which more than
dozen occupants Of the Bates House who
are expected to procure new quarters by
June 1st find themselves. Apparently
every room in what is regarded as the
business section is rented leased for a
long period and the firms thus embarrassed
are in quandary as to what will be the
pext move both in the sense of securing
premises and moving.
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