Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-11-28
ALLEGHENY AVENUE
A PLACE OF REAL
ESTATE PROGRESS
Section From Front Street to
B" Street Shows Re
markable Growth in New
Dwellings and Operations.

Allegheny avenue from Front street tC
b street is very active section A great
deal OF new brick and mortar is vlsibi,
on every side West OF Front street
on the south side Of Allegheny avenue
the handsome building Of the Youns
Womens Christian Association is going
up rapidly, and a large moving picture
theatre is being completed at the south
east corner Of Front street and Allegheny
avenue.
on March 25 1sii, the Pennsylvania
Trust Company, trustee for the estate of
]. B. DIppincott, sold to David McKib-
bin a large tract OF land on the south
west corner OF Front street and Allie
gheny avenue, 2426% by 955 feet, about
$40 acres, for $4,000 This has been
entirely built up In neat two-story dwell
lngs, with stores at the corners.
1t was the largest operation since the
purchase Of the northwest corner of Allie
gheny avenue and "a" street. lot 3O9
feet 6A inches by 261 feet ia inches, or
about the same size sold by Albert II.
Dawson to Harry Brocklehurst for Sl25O0.
This was I'm May, 1905, and was at the
rate Of less than one-half the price
realized five years later by the Llppin-
colt estate sale. 1t has also been de-
veloped by the erection Of two-story
dwellings.
On May ID, 1918, Thomas shallcross sold
to Charles Mckinley 81 dwellings, the
entire block on the east side of Front
street from Indiana avenue to Clearfield
street, except corner stores, In lots of
10 feet by so feet, assessed S5S9OO for
S5o.05O.
1o13, March 1-.1oa. East Allegheny ave-
=
1918 March 1-ioi East Allegheny ave.
nue, l0.llh by 80 feet................. $500
April 3. 1914 south side Allegheny ave-
nue., extending from Front street to "A"
street and extending in depth to Lippin-
colt street 49i feet by 255 feet, or 2Ss-10O
acres, was sold by the Pennsylvania
Trust Company, trustee of will of Joshua
B. Lippincott, to John Mathers for S95, 900,
who transferred it to Victor j. Magnant
who has erected a row OF neat two-story
dwellings on the Allegheny avenue front,
% in number of which ~ have been sold.
1914, NoVember 2O-1I4 East Allegheny
1ol4, November 20-ii6 East Allegiheniy;
1911. NOvembeF 2i1isS East Allegheny 'OOV
1911 NoysmbSs S5 aSo y G3 feet ., xic.ho 500
avenue. lot lJ.0 by Is feot. .,......... 1000
The rate ut which this property was
sold to the builder was S22, 400 per acre,
or an acreage advance OF $1,000 in less
than three years, as compared with sales
of corresponding tracts.
Messrs. Dougherty and Anderson pur-
chased the rear OF lot and opened Wish !
art street from Front street to A street.
Ihey have just finished the erection of |
IS dwellings, with stores at the corners
'n both sides of Wishart street and the |
1orth side of Lippinoott street. The |
houses sell for $2lOO and rent for Sl7 |
Der month, and are rapidly filling up.
Cellars are being eXcavated for six |
itores on the east side OF Front street,
outh of Allegheny avenue.
A large number of the buyers for these
and prospective tenants are
Interested or employed In the many in
lustrial establishments In the vicinity.
NOTES ON THE STREET.
Mortgages recorded for the week end
ng Friday, November q. show loans to
ave been made as follows:
1ade by building associations. ........S STA 100
! sde sd Py trSSt companies es.''.....,... 2sg $50
S7O,OO0-L Kennedy to Franklin Trust Ot como
any q Y on west side 18th street, Ice feet south
sl7. .Ooo-c. s. MotzgOr to West Philadelphia
eet west Of FRrragut street.
S45,O0o-S. L.. ziegler to Girard Trust Com
amy, 1928 Walnut street.
so, 0OO-W. E. Hexamer to h, E. and T. D.
IAN Fossen, southwest corner 25th and Whar-
$40, ,OOO-J. J. Greenberg to Real Estate Title
Insurance and Trust Company. west side oath
treet 90 feet south OF Walnut street,
SI5,iOO-J. n. Mitchell to b. Redmond, SOUTH
ast corner Cobbs Creek Parkway and Chestnut
treet
$50. 50.CoO-Pennsylvania Building Company to
Z, Wilson, northwest corner 18th and Chestnut
trGets.
Also IL mortgages given by c. c. Iby to
?. N. Mitchell, on properties south side Chest
ut street east OF Cobbs Creek Parkway.
Permits taken out for two-story dwellings
his week are In lots Of from four to seveni
% large operations.
A notable transfer, November 90 of two
lrge tracts one 400 by 90 feet. the other
as by irregular, west side OF 9th street.
etween Skunk street and Oregon avenue, and
ther east side OF 9th street, south Of Skunk
Il, ,525.
4 portion of same estate was sold February
Northwest corner of 9th and Skunk streets,
louyier estate to Abe Kaplan, 9oS.o by irreg.,
Brokers agree that money is coming out
lore freely. and the rate OF interest Is
4 per cent, but inclined to ease Off on
ndoubted security.
The Board OF Viewers will hold their
rst meeting on December T. at 1880 a. M,
loom 296. City Hall, to discuss the mat
sr of the taking of properties required
Or the opening of the Parkway from 18th
tTeet TO 22d. The contractors have the
ermits and the properties are being de-
lolished. LESSOR.
n-aH Nrt-=A n-rHna.au-