The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-01-19
MARKET
DEMAND FOR RENTAL PROPERTY
SEEMS TO GROW STRONGER.
Considerable Eastern Money In the
City for ACKNOWLEDGEMENTS
and Permits.

Modern cottages are perhaps the most
desirable property for sale or rent at this
time. There are comparatively few cot
tages constructed with all moGern con-
veniences, or even with bath, and these
are snapped up by tenants as soon as va
Gated, or purchased, if the owner wishes TO
sell. Real-estate men are daily besieged
with inquiries about modern cottages, but
are unable to furnish anything like the
demand. Cottages of this class rent for
SIS TO S5 a month on short notice, and
there are so few available that applicants
are ready to apply when they are vacated.
Architects say that inquiries are being
made about modern cottages and the pros
poets are tina there will be many built this
summer. The real-estate men say they
have no better rental property than mod
ern cottages, and they cannot under
stand why persons with capital are so
t1mid about investing when the returns are
as good or better than in any other kind
OF property.
Eastern money distributed about the city
for investment in double houses. This
money is apportioned among real estate
men. Besides funds being at hand for this
particular purpose, nearly every real es-
tate man in the city has Eastern money
to loan at a rate as low as 8 per cent,
anu OH large loans as low as 4 per Ctil.
Money is going begging in real-estate
circles, and all that can be desired may
be borrowed from the dealers at reason
able rates.
342 lots in the North Side addition, which
is bounded on the south by Thirtieth street.
The purchase was made from several own
ers for an aggregate consideration of $4z,-
$50. Fffty-siX lots were purchased of Belle
A. Gregory for 1900, ninety-seven lots of
Wilmer H.. Gemmer for $i2, 125, sixty-four
lots of John Gregory for $1,000, and rs lots
Of William c. Smith for SIS, 1925. Mr.. Sher-
wood then sold seventy-four of the lots to
William H. Coleman for s15 5000. The Ander-
son i~nterurban line runs along the edge
of the addition.
William H. Nichols yesterday sold to
John T.. Neidhamer twelve lots located at
the corner of Shelby and Raymond streets
and Barth avenue and Raymond street for
$1,000.
XXX
D.. A. Coulter last week purchased
through the RaIston & Camden agency the
two-story frame residence at 1101 West
Thirty-frst street of Frederick Summer
for 5000, a two-stOry frame dwelling at
nos West Thirty-first street of A. NJ. Nor
ris for $3.50. a lot from j. NJ. Gunder for
s625. a cottage at 1913 West Thirty-ffrst
street of Vincent Keller for 81. 800, and a
seven-room cottage of William Jones.
Xxx
The lot on East Washington street sec
ond from Temple avenue was sold yester-
day through the agency of Page & Butler
by Thomas j. Hamilton TO Frank NJ. Page
for 81, 400. The lot has a frontage of thirty
five feet and a depth of 40 feet.
The Connecticut Mutual Life Insurance
Company yesterday decided the brick resi-
dence at the southeast corner Of Delaware
and st. Joseph streets to William L. Elder
for $I1, 900.
Sarah G.. Wilson has purchased Of Will
liam j. Roach a residence property at the
corner of Sheldon and Seventeenth streets
for 800.
Walter c. Clarke has sold a residence
property at the corner of Blaine avenue
and Howard street to William f. Church
man for 5000.