The Minneapolis journal., 1903-04-11
Real Estate
BETTER THAN MINES
George D. Dayton's Faith in Mime
apolis Real Estate Is Emphat-
ically Expressed.
r. SsE. ~ e ..--~. a.r. ~.- -. 'gf -s..
The Star Transaction of the Week
= the Franklin Heights Build
ing Purchase. '

or deeds office indicate. The considera-
tlons In the deeds has shown a larger
average than for previous weeks of the
year. -.-.s5. =. D. -
Paul Beuhlers sale Of the Franklin
faelghts building at Franklin and Henne-
pm avenue, for $l40,000, was the star
transfer for the last seven DAYS.
The feature of this transfer was that
OUTSIDE capital again comes to the city
a seeking good realty investment. The
Frankl1n Heights is a new building, all
hlled with tenants. 1t was put up in the
summer by John I. Stene and Erick Lund,
experienced builders. 1t was built under
their supervision and has been a success
iui venture from the start. Mr.. Beuhler
interested two Eagle Bend, Minn,. men
w. u. and A. j. Merickel. w. D. MerickeI
mas already bought Bryant avenue lot
and will build $4,000 house.
Ihe Mer1ckel brothers have been in busi-
ness at Eagle Bend for twenty years and
furnish another instance Of where men
VINO have made money in the tributary
country finally come to the city for per
manent homes.
Mr.. Oayton's investments.
George D. Dayton, now a resident of
the city, is a man who makes few words
put indicates his confidence in Mime
apolls real estate by successive important
purchases. To mention only a few of
them, the Pillsbury corner the Davton
corner and the former Sea corner at Ninth
and Nicollet, will illustrate the manner oe
expressing confidence which MI. Dayton
has followed up
Mr. Dayton rarely expresses his views
1I tr, rea1 estate conditions in the papers.
The following interview in reply to an in
quiry made of Mr.. Dayton therefore has
considerable weight. He says:
w nat do think of the outlook for real
estate in Minneapolis? T think it is ex-
cellent-the best it has been for some
years. do you realize how much the diff
1erent railroads have taken off the bar
gam counter the last two or three years?
IL Will surprise anyone to look it up care
fully and they are going to need a, good
zeal more to enable them to handle their
rapidly growing business. Besides this
there mas been a large amount of quiet
puylng for several years by men who know
prices are very low and must advance
One man said to me the other day: I
oon want the price of real estate to ad-
vance Just yet. I have picked up ten
pieces the past year and I want to get
some more before the advance starts
II asked real estate agent recently if
he had some snaps for me and he replied :
Y ou would be surprised if you knew how
many men have recently said Let me
know when you have a real good bargain.
quietly before prices go up
Farmers Coming Here.
sentiment largely. controls these mat
ters and there is a feeling among busi-
ness men that real estate will advance this
year. That alone will help bring, the ad-
vance, but there i are: more substantial
reasons. A real estate man the other
day told me Of a farmer who. had sold 24O
acres Of land at $45 per acre and came
here to buy small home to live in. The
numerous sales Of farm lands at good
prices will bring a large influx of people
who will move here to educate their chill
dren, or to find a pleasant city to live in.
one such man was here this week to ar
ialge range for a house and lot at $2O,O0O. An
other was here recently to inquire about
certain vacant lots at $4,000, with a view
to building on them. One of the leading
business men of st. Paul has been look
ing over some real estate here and says he
expects to move his family here In addi-
ton to the outsiders that are coming.
think of the great army of wage earners
here who are receiving say 81 day-the
masons, plasterers, bricklayers, boss car
penters and others, some of whom get
even more. That means $1,000 a year.
for most Of them worked about all winter.
They are accommodating money and will
buy vast number of vacant lots to build
homes on. In rneSe, various ways an
enormous amount of real estate is being
quietly absorbed and when prices be-
gin to advance, as they will this year, a
good many will wish they had bought
earlier
"Safest and Best.'
II turn down every mining scheme and
refuse to listen to talk about oil wells,
but when a man talks to- me about Min
neapolis real estate it makes me wish
somebody would loan me some money to
invest, for believe Minneapolis real es-
tate, judiciously selected, is the safest and
best investment I know Of now. ..
why, young man, get your statistics
together on the immense number Of peo-
pie that have gone into the northwest the
last three years-the tremendous develop
ment of the great country north and west
of us will push the city forward with
giant strides from. now on .-
REAL ESTATE TRANSFERS.
Virginia Gibson ct al. to Russell NJ. Bennett;
Mary f. Pooley to Benjamin f. Brown; lot
2, block 1. Haywoods addition, 81 $50.
Henry Burg and wife to Matthias Burg: in sec
tion 1, township p, range "a, $500.
Charles J. Hedwall to Ida A. Carlson; lot
13, block !, Wood & Smiths subdivision, $3.50,
George Miller and wife to Carrie Cosler; Iot
4, block g Campbells addition, So, 300 - -
C. Jackson (trustee) ct al. to Herman B. Dorm
berg; lot 4, block 2, rearrangement of Ferguson