The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-11-24
BUILDING PERMITS
TAKE SUDDEN HOP
Realty Market Is Brisk;
Apartment Building to
COST $4,000.

Building permits took a sudden
jump this week. and the local real
estate market showed fair strength,
according to- the weekly report Of
the Indianapolis Real Estate Board.
New construction for which per-
nits we're issued totaled in cost
$685., 400. OF this $14O,s60 was for
new residences and $4,000 for an
apartment building at 5000 North
Meridian street.
Business as well as residential
property were included in the weeks
realty deals.
Purchase by Frank Lawson. local con-
tractor. OF property on the northwest
corner OF Capitol avenue and the first alley
south Of sixteenth street was announced
by F. c. Tucker Of the F. Q. Tucker COM
pany. The property, sixty-one feet 'front.'
ing on Capitol avenue and 2os feet deep.
will be held by Lawson as an Investment.
There are three residences on 1t. The
property was bought from Dora wechler
through H. L. Yelch OF the Tucker COM
pany.
Exact consideration involved in purchase
Of the Capitol avenue property was not
disclosed. but It was understood to be in
excess of $3.50 a front foot.
other Deals Closed
number OF other deals we're closed by
the Tucker company. filling station. be-
ing erected on property OF the company
at Thirtieth street and Martindale avenue
was leased to William Carrico for five
years The lease VII average approximately
81 200 a year.
Three residential properties also we're
sold by the Tucker organization. Ada NJ
Dixon bought a property at $40 South gray
street for $4,000. and a residence at 344
South Edgehill road was sold for @. E.
Thomas to Shirley H. and Stella Woody
for $1,000. Representing Albert and Myrtle
Bloink. the company bought at 1914 Ruckle
street from John @. and Eva Obenchain
through Neal Grider The price was 50. 400
The Tucker Company traded nine lots 10
Henry B. Knue. builder for new
residence. 73o4-s East Fifty-second street
Seven lots are in fuckers East Thirty
ANhAhAA ohASck hQQiNlol ana Two are III
fuckers Emerson avenue addition. Value
on each side OF the transaction was
estimated at $4,000.
offiee Is Removed
Removal of the office Of Goode & Goode
from IL to so Union Trust Company build
ing was announced by Joe Goode. realtor
Increase OF business made removal to
larger quarters necessary. Goode said.
A new hve-room bungalow. $500 Nerth
Emerson avenue. started Just two weeks
ago. was sold TO Henry and Ruby Bonsett
by the company for So, 500. The company
also purchased a six-room. two-story
modern house at SIC North Graham
avenue from Hugh Ball through j. T.
GFayson.
Sales amounting 10 approximately SOS. 600
we're closed by the lot department Of the
Union Trust Company. according to Tom
L. Dillon. manager. Several northside
properties were among tne transactions.
site on the east side OF Meridian
street. south Of Ffty-sixth street. was sold
by Emma J. Pfaflin to John NJ Ritter.
builder. for a $4,000 brick veneer
residence. Hal r. and Ruth j. Healing
bought nearby lot from Mrs. Pfanlin aid
have contracted with Ritter to build a
house to cost approximately $4,000.
Lots Are Sold
Earl s. Heassler of the Union Trust
Company lot department. sold to Martha
r. Denny lot at the southeast corner of
Fifty-sixth and Meridian streets as the site
for residence to cost between $4,000 and
$4,000. The company sold to William F.
Parrish. builder. q lot at Fifty-thir street
and Central avenue
Property in the Armstrong Park addition
on East Thirty eighth street was bought
by the Croel Gender company as the site
for new bungalow. and Adolph Ansen-
haensel bought a lot at South Meridian
street and the Norwood road. where he will
build a bungalow.
Statesmen for the Washington Bank and
Trust Company, real estate department.
also closed a number of deals A. L. Conn
negotiated trade in which two properties
at 20 North Holmes avenue and GIL Tom
linson street changed hands between Will
liam ]. Raglan and Floyd Wincen.
Property at 4sS South Linhurst drive
was sold to William j. willenburg by H.
L. Marsh. and Louis L. Beard sold to Rus
sell Sherwood a five-acre tract In Eastern
Acres
lot in Meridian Hills addition was sold
by James C. Myers. representative of the
company and a residence at 1858 South
Sheffield avenue was sold by E. H. McLain.
H. ]. Palm sold another property in
Vernon Acres.