The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-18
SALES OF REAL ESTATE
BREWING COMPANY BUYS THE Pc
TER LIEBER HOMESTEAD.
Extensive improvements Will BE
Made ut the Brewery-GoOd Resi-
dences Scarce.

Real estate transfers for week 1904 900
Mortgages for the week............... 1O5 74S
mortgage releases for the week.. Co. n6
One of the most important real estate
transactions in Indianapolis this month was
the sale the past week of the old Lieber
homestead on Madison avenue and a tract of
about four acres adjoining the homestead
TO the indianapolis Brewing Company. The
property was owned by Peter Lieber. He
was paid $4,000 for the property. The deed
was placed on record Wednesday. The old
Lieber homestead is just south of the Peter
Lieber Brewery at 1916 Madison avenue.
The Indianapolis Brewing Company,
which owns the Peter Lieber Brewery, is
making preparations TO spend large sum
of money improving the property just pur-
chased from Peter Lieber. Additional ware
houses will be built and other buildings will
be constructed The company is already
laying new switches on the property. The
Peter Lieber Brewery was purchased by the
indianapolis Brewing Company. of which
Albert Lieber is president, about twelve
years ago.
Spann Co. have sold forty lots in
the Rupp residence addition, which is just
east of Rural street and just north of New
York street. The addition is a part of the
Rupp estate There are in all sixty-two lots
in the addition. Spann g. Co. expect to
dispose of all the lots within a few weeks.
s Iae forty sod have brought from goo to
terms-$5 down and 81 a week.
PERIOD OF DULLNESS.
Real estate business has been a little dull
the past week. on account of the election
no yVO Of rain IN all al
ways absorbs the time and interest of so
many business men that it is always a dull
period in most lines of business. And the
election this fall was of so much more gem
eral interest than good many elections that
the effect on the real estate market was ex-
tensive. The greater amount of the bust
ness this fall is in sale and purchase of
small-priced residence properties and it was
this class of people whose time and inter-
est the elections occupied more than any
other class of business men. Then, soon
as the election was over, came two days
of rain. And rain always has depressing
effect on real estate-for few days, that is.
few weeks more and the real estate
market will begin to confine itself almost
entirely to transactions In business proper
ties From the last of March until cold
weather sets in there are always many
transactions i'm residence property. But
through the winter months most of the &C
tivity is in business property. From present
indications it is not thought there will be
many important transactions involving
| downtown property consummated this win
ter, with the exception of the closing of the
/ deal by which the Indianapolis, LOSansport
/ &. Chicago Railroad will become the owner
| of more than quarter of block of prop,
/ erty Just north of Washington street and
| just west of Missouri street. This deal is
! practically closed now and within the next
/ two or three months it is thought most OF
I the transfers will be recorded. The In
dianapolis Logansport & Chicago Railroad
/ expects to begin the construction of its pas
senger station and freight yards early in
! the spring.
GOOD RESIDENCES SCARCE.
There was never fewer frst-class resi-
dences for rent on the upper North Side
than now, according TO well-known real
estate broker An insurance man who has
offices in the Newton-Claypool building says
he has been on the lookout for good renta
| property on the North Side east of Ala
bama street for three months and he ha:
failed to find anything that is as desirable
as the amount of rent is high. According
to the views of most people who live il
! rented property a man should be able e
| find a first-class house of eight or nin'
rooms for $40 month. But the TACT !
| there are few first-clasS houses of Thu
kind to be found on the North Side.
Most of the houses on the upper Norti
Side with 'for rent cards in the windows
1 u.
critics There are more people living il
this city in expensive rental properties nov
than ever before and the demand for thi
class of property is considerably larger THAI
the supply. And most of the real-estat
agents say they have little or no troubl
in getting tenants for all the good house
| on their rent lists. The same II true o
apartments in most of the fiat buildings o.
the North Side.
Following is list of the sales OF a fev
| nieces of North Side residence property tn
| past week:
Residence property at the southwest cor
ner of Meridian and Thirteenth streets {
Henry Wallace by John y. Carey for $50,
coo: property has frontage of eighty-fiv
| feet on Meridian street.
Property at Montcalm and SiXteent
| streets to Wallace r. Hatton by Philande
III Fitzgerald and wife for $1,000.
| Property at the corner of Central avenu
! and Thirty-second street to Marion Trus
| Company administrator of estate of tn
| late NJ J. Osgood. by Benjamin +. Nc
Cready and wife for $3.50.