Omaha daily bee., 1906-09-23
TIMELY REAL ESTATE TALK
Demand for Flats is outrunning the 0mahs
Supply Fast
BACHELOR APARTMENTS BECOME POPULAR
New Phase of social Life Noted by
the Real Estate Men. who FIND
Another Avenue for Good
Investment.

Plans for building are as much in evi.
dence this fall as at any time during the
year. The architects seem to keep very
busy at one thing or another, and IL
they are not drafting plans for OF looking
-sfterl the construction of retail buildings
orr warehouses, are preparing plans for
dwelling houses and flats. The latter
style of building seems to be very popular
with men who have money to invest,
James Cosgrove win erect a row of three
story pressed brick flats at Twenty-third
street and Capitol avenue, and Dr. c. s.
Sheppard will build two-story fiat struc-
ture at Eighteenth and California streets.
Flats and double brick houses in Omaha
are now bringing good interest on the
money put into them. In spite of the fact
that they have little or no lawn. they are
much sought after by people who have TO
rent, having. as they do, all modern con-
veniencss, and most of them being close IN
to the business part of town. Again, all
those which have been built recently have
large rooms, and an interior finish as good
as a man could put in house IL he were
building one for his own use. In spite of
the fact that nat, or as the case may be,
the half part OF a double house, rents for
s35 for the six-room ones. and about $50
for the seven and eight room ones. there
are not enough. to supply the demand.
Ernest Sweet has just completed row
of these eight-room fats at Twenty
fourth and Harvey streets, making a num-
Der Of fine homes. and says several times
as many people can be accommodated
have applied for the fiats.
ments will become common all over khe
city? Sir Horace Piunkett started with the
Chatham and it has proven such a profit
able Investment that local men are alive
to the possibilities and are beginning to
construct similar buildings. Ernest Sweet
is having plans prepared for a fine bach
elors home at Twenty-fourth and Harvey
streets. A number of flats in various parts
of the city originally rented to families
have been turned into bachelors quarters.
and all of them find more men than, they
can accommodate. The men seem to want
to get away from close contact with femi-
nine society. except during what they term
their social hours.
One of the transfers of business prop
erty for the week was that Of Benjaui'-
Folsom OF Pasadena, Call to Fred D.
wead. The property involved is on the
west side OF North Sixteenth street and
lies just north of the first alley south of
Cunning street. Mr.. Wead gave 1900 and
other valuable considerations for the lot,
which Is sixty-six feet on Sixteenth street
and 1S2 feet on the alley and which is the
site of three very small old frame struc-
lures Unless a good chance for a sale
presents itself Mr. Wead will hold the
property with the idea of erecting a sub
stantial building on 1t for someone who
wants TO do business In the North Six
tsenth street district.
Mr.. Folsom says he has no intention now
OF parting with any more of his Omaha
property. The recent sale was made for
the purpose Of applying the proceeds to
improve other property, and two or three
sales early in the summer were made for
the same purpose The houses and store
buildings on the Folsom property are to DO
repaired under direction Of the Byron-Reed
company, as agents, and held indefinitely.
Mr.. Folsom has seen Omaha grow from a
hazel brush thicke< with a few log houses
60 the splendid. city It now is, and has
never lost faith in II. When he was In
the city last Thursday he remarked. as he
noted the steady increase of population
and the great building activity, that It
never had better prospects before II than
now. The two years since his last visit
had shown a wonderful Improvement in
Omaha he said, and more than all else he
was Impressed by the number OF large
buildings which have been erected. or are
now in course of construction. IN various
CARTS of the city.
Not content to let the Commercial club
DO everything in honoring prominent wish
tors, the Real Estate Exchange has decided
TO give a swell banquet for General A. w
Greedy. He will be in Omaha next Wednes-
day evening and the banquet will be held al
the Commercial club at 1880 The Com
mercIal club will cooperate In the banquet
and arrangements are being made to sro-
vide for 300 members Of the two organiza-
lions and their friends. President Green
has selected some good speakers to re-
spond to toasts and w. o. Gilbert will pre-
side. General Greedy has not yet made
known his subject.
One of the largest sales of residence prop
erty last week was the sale OF Judge Vim
sonhalers residence at lis South Thirty,
ninth street to T. II. Matters. The consid
Grafton is said to have been between $1,000
and $4,000.
J. B. Mason 10 preparing plans for this
following buildings: For p H. Lane, a
1902 Military avenue, a 5000 two-story
frame residence; for Herbert Mccoy. al
l742 South Twenty ninth street, AoI
two-story frame residence; for ]. II. Bex
ten. at Twenty-ninth avenue and Douglas
street. a 5000 residence; for Mrs. S. v
Miller, on Orchard HILL 5000 residence
for d. c. John. at Forty-ninth and Web
ster. frame residence. John r. Meyers
1900 house at is14 Writ street has just