The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-04-20
CALUMET Az.
LOTS TAKEN
OFF MARKET
Broadway Gary Boom Du-
plicated by Big Raise
in Values
(By HAROLD CROSSE

by HAROLD CROSSE
One entire block and numerou
preferred corner lots of Calume
avenue property have been takel
of the market Their owners ar
not listening to propositions
Englehart Ulrich has refuse,
100000 for a hundred feet at tn
southeast intersection Of Calume
avenue and Carroll street H. T
Downey sent word yesterday tha
he was not interested" in an offe
on his block of Calumet avenu,
property between haywood avenu,
and Carroll street on the south sid,
of Calumet avenue
Tlrich and Downey are convince,
that Calumet avenue and Carol
street viii be one OF the most inn
portant business corners in the Cal
umet region within a few years
Mr. Ulrich is said to be planning
hotel and Mr.. Downey. according t
r report current on the avenue, ha.
discussed plans for a theatre witt
the Ascher Brothers and Balabar
e. Katz
REALIZE zooso INCREASE.
The small property owner IS JUS
as confident George Austsen, who
has a plumbing business on the
avenue, bought = fifty foot lot il
the center OF the haywood avenue.
Carroll street section of Calumet
$3.50. a month ago Mr. Austger
declined $1,000 for the property
Ha believes it viii be worth $500
a front foot in a few years.
This increase in Calumet avenue
property values extends over q
greater portion of the street from
Inc trranu Calumet river to Standard
avenue tsouth) and from the inter
section with Sherfield avenue to
indianapolis boulevard tnorth).
j. n Fetterhoof was called on
the telephone yesterday.
What do you ask Tor your prop
erty at Calumet and Forsyth ave
nues2 he was asked.
Twenty -nve thousand dollars"
What's that2''
twenty five thousand dollars
and / don't care whether 1 sell or
not
is that price based on anticipa
tion OF the Jones d Laughlin
plant
That's what the property is
worth today"
Harvey Gostlin recently can
ccited the lease TO a gasoline sta
tlon on his corner property at Cal
umet and haywood avenues and il
is runored that he Will either build
or that the property has been sold
to parties VINO are going to build
this summer.
BOON IN FULL BLAST.
Peter ". Meyn refused to sell his
1876 Ioot Calumet avenue frontage
at the south Intersection of State
street and Calumet avenue for $75,-
600 tour years ago and real estate
men declared that it has Increased
In value materially since then. The
BsreoIos Brothers have declined $50,
OyO tor their 155 by los foot prope
erty at. the northwest corner of
Calumet avenue and Sibley street.
and are getting a rental OF 500 a
month for so square feet Of space
from an oiling station.
The Standard Oil Company paid
+. ;. Betz $4,000 for a lot so by.
IS on the northwest corner of Cal
umet avenue and State street, last
year.
The Becker Taper Company. the
original real estate firm handling
raJ,,,,at ovopua rropertx, ba. 49,.
one corner property left and IS
about to- dispose of this to its
stockholders and pass out Of exist
ence. The Ulrich g. Brick real es-
tate firm let go of property six
months ago that it would like to
buy back owing to the rapid in
crease in values.
LULL DURING wAR
The original Calumet avenue
boom started in 1918 and was killed
by the war. During 1914, 15. 16, II,
is and 70 Calumet avenue property
was only normally active despite
the widening and paving of the
street and the Installation OF an
ornamental lighting system. The
boom resumed last November and
has been gathering momentum ever
since.
Among the well known Hammond
people owning valuable property on
Calumet avenue which they are
holding at increased prices. are w
B. Conkey. Fred Crumpacker. Har
ney Gostlin. Jacob Schloer, Otto
and Leonard Knoerzer. DIR. G. l..
Smith. Sam Levene, william Mag
.nor, A. Murray Turner. r. w. Meyn.
BereoIos brothers, Carl Bauer, Will
liam Hutton. z. Barelli. Anton Tap
per. r. II. Thiel, Emil Minas. F. P.
Hall. Mac Turner, Sam Golden.
Henry Soltwedel. Fl. P. Downey, Fred
Demn1srling. Charles Van Sickle.
the Hellerman estate. p. III. Blfck,
George Austgen and Englehart IL
rich
A number of automobile firms are
seeking sites on Calumet avenue at
present. Spectators have been
spreading propaganda against the
street. saving IL would not arrive
for five or ten years. in order to
persuade people to sell out, but the
faith of property owners in the
avenue Is SO firmly grounded that
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