The Indianapolis journal., 1903-08-30
OPEN new ADDITIONS
SOME ATTRACTIVE BARGAINS, Of
FERED TO INVESTORS IN LOTS.
Walter ID. Perkins Has Recorded Plat
of "Malvern"-Real-Est News
and Statistics.

A residence addition of twenty-five and
one-half acres, containing 153 lots, will be
opened next week at the end of the West
Michigan street car line by Walter Il. Per-
kins, the well-known Boston real-estate
man. He expects TO sell all the lots in ten
days. Three thousand dollars in cash prizes
will be given the men who build the first
;twenty-six houses in the addition.
The tract lies just west of Tibbs avenue,
which is the west corporation line, and on
both sides of the extension of West Mich
igan street. The West Michigan street car
line runs to Tibbs avenue. About year
ago Mr. Perkins opened the Berkeley ad-
dition on South Shelby street. His West
Michigan street addition will be known as
"Molvern."
Ralston & Camden last week transferred
the tract to Mr.. Perkins for $4,000. The
property was owned by Ambrose a. Mar
tin. The deal has been pending for some
time. Mr. Perkins did not want to make
any announcement of his plans until every
thing was ready for the addition TO be
opened.
Notices of the opening of the addition
and the beginning of the sale are being
sent all over indianapolis and TO many
parts of the State and Wednesday the 153
lots will be put on the market. Mr.. Per-
kins has been in this business for sixteen
years and he has never spent more than
three weeks disposing of all the lots in ad-
ditions of twenty and twenty-five acres.
He says that he Will be able, he thinks.
to dispose of all of the West Michigan
street lots in not more than ten days. Mr..
Perkins carries on a very extensive busi-
ness in the opening up of residence ad-
ditions to cities and he is now operating
in eighteen OF the best cities east or the
Mississippi river.
PRIZES ARE OFFERED.
There are two lots in the addition valued
at $5OO-the ones at Michigan street and
Tibbs avenue, just at the end of the car
line These lots have been sold already. The
other lots on Michigan street and Tibbs
avenue will sell from $i00 to $3.50. The in
side lots will be disposed of at a smaller
figure. All of the purchasers will be given
the privilege of paying for their lots on the
installment plan, if they wish to.
Under the act of the Legislature four
years ago this addition, though not in the
corporation limits. will be under the juris-
diction of the city authorities. Streets and
sidewalks will be laid out after the plans
of the city engineer. All of the streets Will
be fifty feet wide at least, and some VIII
be wider than that. Mr.. Perkins expects To
spend between $1,000 and $500 this fall i'm
proving the tract. Temporarily he will light
the streets with kerosene lamps on wooden
posts.
To encourage immediate building Mr..
Perkins will give $1,000 in cash prizes for
the building of the first twenty-SiX houses
in the addition. To the man who builds
| the first home there he will give $3.50. The
builder of the second residence will re-
ceive a prize of s225 the third $500 and the
| fourth $l75. TO the builders of the next
| twenty-five houses he will give cash prizes
| of 500 each. Mr.. Perkins will build no
| houses in the addition himself.
| The Northern Investment Company, OF
| which number of the best-known business
| men of this city members. has recorded
| the plat of Boulevard Square, addition
| of about 200. lots between Central avenue
and Fall creek and north of Thirty-first
| street. The tract extends from Central ave
Ruckle street and Broadway. They will be
| sold Tor S400 and upwards to 1,2O0. The ad
| dition takes it's name from the proposed
| Fall creek boulevard system.