Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-12
SOUTH STREET HAS
STRIKING CONDITION
IN ITS REAL ESTATE
Every Foot of Space Being
Utilized on This Foreign
Boulevard d'-Values Are
Bounding.

Striking real estate conditions. the like
sf which are not likely to be found else
where in the city prevail on South street
and other thoroughfares running into Il
between Front and 4th streets.
Below South street, on 4th, extending
all the way to Moyamensing avenue.
which meets Cd street at Christian, is
the "curbstone market" Here are lined
up, mostly on the west side of the
street, farmers from New Jersey, who
offer their produce for sale. Formerly
they were to be found on I'd street,
where they still can be seen near South
but now they have gone further to the
west, where the trade comes from the
rapidly extending area OF customers.
South street is the foreign boule-
ward" and at I'd and South streets,
where the thoroughfare narrows again.
after widening to take in the market
sheds south OF Pine street, the centre
Of activity is located.
Below this point was the old district
Of Southwark.
PROPERTY VALUES BOUND.
Remarkable advances are seen in sales
and transfers. as follows:
1pos, September 24-304 South street. lot
Katzsnbesan assessed $1,000 " sia. .27c
pentssh assessed 5000 - -" ,.,... ~ Is 10 oOC
by so feet each, assessed soiSo -, 1000
20 by IRREGULAR, subject to ground rent
of $50 per annum, assessed 5000. -. 15.1OO
is0 BY E%6 feet, assessed $1,000. 80 80. 1880
10 by 100, assessed 5000 go. .......!. ~ 5000
by 1915 feet sold June 15 1905 for 80,
1siS, July o.6ao south ID street. lot o'OO.
,a2ls feet by irregular. assessed $500. 9,5Oo
lot 1915 by S7G feet ocI." ','.... - $50 17.7OO
lot 20 by 100 feet assessed 10000 -: 10 900
20 by 20 feet, store and dwelling, Cora -oO
1si2 'SfS asFeR IS $50 'q SOUTH street ISL ,oo
,ot BY rTss9d6slr osssssSsdd Sd Sg0oS o; oiVo
% by % test , Sheppard G. Young to N ooo
lsa March ac g. "a street 20 BY iOVOO
assessed @ Si2:5o6 o"." - @ 10 1000
ID by Isl feet. .''i..........'. ~ 45OO
4h-story brick store and dwelling, lot
% by 100 feet, estate of j. A. Culver % .o
sold by 5, T, freeman & Co. for..... l2.oOO
This last sale was at the rate of $40 a
front foot. which is a record price for
property between Lombard and South
streets.
All through this section rentals are high
and easily obtainable. In March, 1909, a
lot 14x3S, southwest corner of Sd and South
streets was sold for s2S,32 June of the
same year, northeast corner of Sd and
South streets consisting of Nos. 2l9-51
South street and 257 South Sd street, entire
lot 42x49.4 was sold by Christ Church to
Louis Dixie for S3050O, or S726 a front foot.
1t would cost a good deal more to buy the
same kind of property now.
The rush of business has a great deal
to do with advancing values at this point.
The native population, unaccustomed to
the 'store-and-dwellng" proposition to
Its fullest meaning, moved. many going to
West Philadelphia. The foreign element
soon took possession. and needless to say.
utilized every foot of space.
STREET HAS GREAT FUTURE.
South street has a great future, Twen-
ty-three squares of stores between the
Delaware and the schuylklll Rivers, all
busy and making money Think OF I'll
They have shrewd and careful buyers
and sell bargains. Stouth street ls not
in competition with department stores,
but has distinct trade. Buyers come
from all parts of the city.
Much money Is going into this district
on mortgage trust companies seeing the
stability of the advance, Values will
rise until the price of ground reaches a
point at which buildings must be built
higher to give the necessary space for
adequate rental returns.
NOTES OF THE STREET,
Mortgages for the week ending Thurs
day are;
Building associations loaned ....... ,Ssss, ,2TO
Individuals .,,.,.,...,............ 28l, 100
Trust companies ..,...,,.......,...,,. 12l, $50
Among the largest mortgages were the
following:
Sll,O00-G. J. Crumbie to Mutual Guarantee
bnilding and Loan Association. on north side
of A!legheny avenue 1924 feet west Of 18th
s5O,oOO-H, c. Hollingsr to the Land Title
10th and Walnut streets.
sie, 5oC-W. il. Keim to B, W, FIeischsr. on
Among the notable properties disposed
OF this week at sherin's sale are the
following:
NOS IS on sth street and sio-51 pa-
Tien street, rear lot "a by 2A feet, 5000
OF jackson street lot Irregular. 80. 22, 500
streets, II BY "a fsst '............,.; 4.lOO
i3s io5s feet G .;......': 500. 90 y 1890
Bltier street. 12 By 54sH fsst. feet. .... a $3.50
No. e39 Race street. 21& BY 1906 feet. s. 500
No, ii22 Walnut street, % q BY 100 feet. e5. 900
West side 9th street and south side
Roekland street. 10 by 143.1b feet, etc 1900
No 1921 Chestnut street, 20 BY leo feet 5s. 100
Mortgage matters are dull, the de-
mand easing up from builders. owing to
the approach OF the closed season for
outside work. Interest rates are un-
Uhanaad TlEEgnE3