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It is the opinion of the best informed fridges of the market that the early “epring will 'see'a ° market of unexampled. vigor,.....It scame likely that the activity will be led by the transactions in medium-priced ‘ resi dence lots. Speculative acres with little in trinsic value will probably ‘be much less active than they have been this year. “There has been an awakening to the folly of the ‘excessive sptculation in for outlying acres. But acre tracts with intrinsic merit for sub division purposes “will undoubtedly con tinue’ in’ sharp demand, ‘for they will be needed for actual use. c ass, Kessler Enpia ,will erect from fifty to 100 residences at Austin Park, be tween Twelfth and Harrison streets, Town send and Austin avenues. Judge Gary and August Johnson sare sub-dividing in seventeen acre tract at Cen tral Park and Lawndale avenues, Thirty first street and the river, . The certainty that the Grant Locomotive Worker will be-built-and-the-forward‘ cvondua tion of the’ plains of the Northern Pacific ‘Railroad syndicate draw much attention to the property in Cicero. Acrdss and lots at Morton Park, Berwyn . Station sad, ua Vergné are in great‘ favor, and much strength is given to the market by the prom ise of a good spring..trade....[yaneportation ]facilities are to be increased, electric linen being a Feature in the plans of the property owneries A — Fianna iine Two propositions have been made for a lease of, the Quincy street property just purchased by S. W.Rackord,of Oak Park, the attorney, and Edward H. Pitkin, of. Pitkin Brooks, from “W-0: Goudy,but nothing cas yet been decided upon. “The one proposition is for a lease for $9 years ‘at 6.per cant upon a valuation of $100,100; and the other is for one-third of the prop erty upon the same land. . Snow Dickinson have sold sights and one-half. acres. on Chicago Avenue near Park avenue, River Forest don S21 B50. —o n LF “héxpa of land,between Mad ison, and Harrison street’ and Ridgeland and Oak Park avenues, have been gold by the Times Land Association to Amos Spur geon,of Wangaka, Ind., for $108,745, or about $3,000. per acre.. Mr. Spurgeon, in June, has _transferred to a syndicatay repre sented by I. T. A. Thielpape, as trustee for $168,700, this tract with an additional strip on each side of it belonging to Mr. Spurgeon, making the rate—$6,400 par-dores The rapid enhancement of this tract is worthy of notice. It was purchased by J. B. Skinner in September,1889, from Mesare. Well..Bryant;of Milwaukee; for 908,870; and sold by ini [i October to’ the Times Land Association for $90,620, whose sale to Spurgéon is given. shown..This en hancement is readily accounted for by its proximity to Kirwin Station, on the main line of the Wisconsin Central Railroad; and also the electric road on Madison street.
Newspaper Details
Oak Park Vindicator
Oak Park, Illinois, US
Sat, Dec 13, 1890
Page 6
Full Page
Clipped by
Kurt E.
USA 14 Jan 2026
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