Illinois News Index

Wilmette Life (Wilmette, Illinois), 13 May 1937, Inside back cover

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

W h y are so many shrewd persons buying Chicago area real estate now? More homes needed as Dan Cupid recovers his depression loss In 1932, low year of the depression, there were only 29,271 marriages in Chicago. By last year, the yearly total had risen to 43,775--the highest number in years! During thisfive-yearperiod only 1,843 new dwelling units were built. Result: newly "married couples have absorbed many of the dwellings formerly vacant. As the marriage rate rises in an effort to make op for the delayed matches, the demand for homes increases. Values of desirable properties have recently risen M < m y Chicago area properties bought within the last year or two have already risen in value. A well selected home U a sound investment as well as a source of comfort and happiness for the whole family. Present low interest rates effect a substantial saving in the cost of financing the purchase of a home. Ask your real estate broker about the various f plans now available to home buyers. · Chicago's real estate situation has markedly improved during the last two years. Foreclosures have declined. Rents have increased. Money for loans at low interest rates has become plentiful. Average residential occupancy has risen to 96%. Values of dwellings and industrial property have stiffened in many parts of the city and suburbs. Recognition of this improved situation has led many people to invest in real estate--in homes, apartment buildings and vacant sites. Opportunities to buy desirable real estate in the Chicago area on a favorable basis still exist. Y o u may wish to take advantage o f this situation yourself. Brokers know properties for sale in the Chicago area The simple, convenient way to buy a home or building site is through a real estate broker. He will tell you about local values, trends, zoning laws, character of neighborhood, and other factors affecting the property you select. He can also help you arrange thefinancingof your purchase. Suggestions to real estate buyers When you buy, we suggest that you examine your purchase carefully--just as you would any other investment. Consider it from every standpoint: community, trend of values, transportation, nearness of schools and shopping district, suitability to your needs. Arrange the financing so that voa can readily meet the payments. Don't bay property out of line with your income. Deal through your real estate broker, H e can help you in many ways--in making your selection and in arranging the financing. Lastly, insist upon a Title Guarantee Policy. It will protect you against defects in the title to your property. Ask a real estate broker to help you find a home i n the community in which you wish to lire. 1937 2,000 court decisions daily that may affect land titles Cook County's 94 courts render oyer 900,000 decisions every year--almost 2,000 a day! All are examined and cross-indexed by the Chicago Title & Trust Co. This is just one of many operations necessary to maintain the millions of records on which this company bases its Title Guarantee Policies. Insist on this protection against loss from a defective title when you buy property. Your broker will explain the advantages of a Chicago Title Guarantee Policy. CHICAGO AREA REAL ESTATE, WELL BOUGHT, HAS PROVED ITSELF ONE OF THE SOUNDEST FORMS OF INVESTMENT Vicinity of 71st Street and South Shore Drive about 1900 and today These "before and after" pictures of a portion of the South Shore district dramatically illustrate the changes that have occurred in many Chicago communities as growth in the city's population has transformed vacant sections into densely settled, prosperous neighborhoods. C H I C A G O 69 WEST TITLE & T R U S T C O M P A N Y ILLINOIS W A S H I N G T O N STREET · C H I C A G O ,

Powered by / Alimenté par VITA Toolkit
Privacy Policy