The St. Louis Republic., 1904-07-24
Three Deals Aggregating $1s1,
600 Are Made on Olive Street
and Washington Avenue.
OLD LOGAN MANSION BOUGHT.
Proprietor of Lindell Hotel Pur.
chases Business Property for
S52,500-Will Improve
to Suit Tenant.

| Features of the real estate market last
| week were the three sales of investment
| property on Washington avenue and Olive
| street. aggregating SlSl coo. Good invest
ment properties along these thoroughfares
| continue TO receive steady inquiry from in
Vestors. and the number of deals beiry
made is considered encouraging for a time
generally regarded as dull in real estate
| business.
The Olive street deals were in the form
OF trades between II. II. Wagner and Mrs.
Harriet Beers. both heavy holders of real
ty along this street. The deals were made
through the Weisels-Gerhart Company.
The Washington avenue purchase was
made through the Mercantile Trust Com
pany by Martin Shaughnessy, proprietor
OF the Lindell Hotel, who bought No 1918
Washington avenue from F. K. Roseman.
In the Olive street transaction Mr. Wag-
oner acquires No. 1851 Olive street for s72-
500 from Mrs. Beers. who accepted in part
payment, at valuation of s56.OU. Nos
15lS-15O Olive street.
The property secured by Mr.. Wagner
occupies ground 145xl52 feet. 100 feet west
Of the Hotel Beers. and Is improved with
substantial mansion erected thirty years
seventeen rooms and has handsome in
terror furnishings
One OF the features Of the interior is
painting called The Chariot Race" exc
cuted on the wall by well-known Italian
artists and valued at several thousand dol
lars.
The house has had as its occupants sew
erai weli-known and prominent citizens,
and has been the scene Of many balls and
the older residents of the CITY
Mr.. Logan disposed of the property TO
Daniel Bell. who later sold TO ]. A. Scud-
several years ago by Mrs. Beers. The
house has also been occupied By George
u. Capen and Samuel Cuppies as homes at
the time when Grand avenue ranked as
the western boundary for fashionable resi-
dences.
Mr. wagner. while purchasing the prop
erty purely as an investment. contemplates
occupying the house as an undertaking
establishment. Plans are being considered
for the erection of an Office building on
the eastern fifty feet to be used exclusive
The buildings Nos. 1918 and $50 Olive
street. taken by Mrs. Beers. occupy a lot
6ox1O9 feet. and are improved with one and
and rooms. Mr.. Wagner purchased this
property less than q month ago from ST.
mon mo .s xan an Raalte through Weisels-aerhart
Martin Shaughnessy's purchase Of No
LIS Washington avenue for So 500 is the
largest sale made lately in this district.
and IL considered by many the beginning
OF revival Of interest, in investment
properties in the wholesale district.
The ground has frontage OF Is feet and
y inch on Washington avenue and a depth
OF l5O feet to St. Charles street. The I'm
provements include an ,old-style building
with store and rooms above.
Mr.. Shaughnessy bought for investment,
and 1t Is likely that plans will soon be
drawn for the erection of a modern build
Ing to suit the requirements of a tenant.
The property Is surrounded by attractive
wholesale houses. The eight-story whole-
sale house of the Hanlon Millinery Com
pany, southwest corner of Twelfth street
and washington avenue and the large
building occupied by the Peters Shoe
Company on the southeast corner of Thir-
teenth street and Washington avenue were
erected during the past two years by the
Mercantile Trust Company for clients,
while the handsome commercial structure
occupied by the Tennent Shoe Company,
owned by Thomas Dunn, adjoins the prop
erty on the west.
Mr.. Shaughnessy has operated very sue
cessfully In st. Louis real estate the Mer-
camille Trust Company having recently
sold him nearly block of ground bound
ed by Washington avenue Lucas avenue
and Twenty-second street