The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-16
Real Estate
The CIlY'S OUTLOOK
g. H. Hutchins Returns From Other
Cities to Predict Great Things
for Minneapolis.
Men Of Money Here Not Yet Fully
Awake to the Golden OPP
portunities.

". II. 3I1utcHlIS, VINO returned InlS Week
after a months absence, said, after
celebrating on the advantages. of the va
rious cities he had visited: "But for all
that, I'd rather live in Minneapolis. .
An absence of thirty days gives a man
a different focus when he looks again on
his home city. Mr.. Hutchins does not
believe that we appreciate the bright
prospects for this city. He is assured
that Minneapolis has never had such a
bright outlook as at the present time and
this is owing to the immense Development
Of the northwest. He says that people
are coming into this territory and bring
ing money with them and that money is
pouring in for investment.
This view Of the situation Is the hope
full one which Mr.. Hutchins has always
taken, but the focus, after his long alb
sence, is such that prospective results
look larger, brighter and nearer. eve
ought to make sales now. If not this
year they will come next year. he said.
That the growth of the northwest will
react most decidedly and favorably on
Minneapolis IS something that is well
known and has been often enlarged upon,
but these arguments and predictions APP
pear more real to real estate men after
they have been east and looked the ground
over, as has Mr.. Hutchins. H
One difficulty which several real estate
men of the city have voiced and of which
Mr.. Hutchins makes mention is that many
local men OF money apparently do not APP
preciate the impending prosperity and are
either unwilling to improve properties for
business firms which are looking for To-
cations, or on the strength of what they
expect want what seems to be too high a
percentage of return On their money to
allow agreements to be contaminated.
Buildings Hard to Get.
Much difficulty is being experienced by
business men in getting buildings for
their use. The supply on hand is taken
and it is somewhat hard to get CAPT.
tai interested enough to put up new
ones. The Cream Of Wheat company and
the j. /. Case Threshing Machine COM
pany will build their own warehouses.
but a good many business concerns do not
wish to invest so much money In fixed
| improvements as a building requires and
will gladly pay a fair interest In rent on
! the cost of new building.
Lowry Hill property is the residence
real estate which is having a particular
stir this spring. A great many purchase!
have been made and pretty good price:
have been paid for the lots. Most OF thu
sales will result in new residences being
built These will run in price as high az
$25, OO0 This section of the city is put
! ting on prosperous look, and when com
pletely built up will have some of the hes
| houses in the city.
! Among the late sales were those of ~
! feet at Summit and Colfax to H. B. Dixie
costing $4,000 and that Of so feet nea
Joseph Il. IIudson's property, for $4,000
F.. E. Libbey has bought at Emerson ant
I Summit lot for $4,000 on which, 1t ii
tsaid,5 he will build at once. John Line
has acquired a site for a home on Colfax
between Summit and Douglas avenues TO
SO 800. AL Paris has bought a PARTIAL.
completed house in the same neighborhood
/ Another recent buyer on the hill hat
been A. e. Anderson, who has secure'
a lot for $4,000, on which an $4,000 nous
will be built Chaplin E. Bracket has al
ready taken out a permit for a $1,000
house on a lot at Summit and Emerson
which he bought for $4,000 George Dick
son is reported as planning for a $500
house at Dupont and Lincoln. - z
This is only a partial list Of recent sale
closed, with no mention OF those Wh1c
are in prospect.