Illinois News Index

Wilmette Life (Wilmette, Illinois), 23 Nov 1928, p. 17

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November 23. 1928 WILMBTTE LIFE · Bonds Now Available on This Fine Evanston Building Here's a most attractive bond issue that ·will strengthen any diversified program of investment: Facts concerning this attractive bond issue. AMOUNT: $275,000. TITLE: Guaranteed by Chicago Title 8 Trust Company. TOTAL VALUATION OF LAND AND BUILDINGS: $.p5,ooo. BORROWER: A well -known responsible party. NET ANNUAL . INCOME: $3 g, 58 oapproximatel 2 0 times greatest yearly interest on entire issue. INSURANCE: To full value for fire. Tornado insurance also carried. PRICE: Par and accrued interest to yield 6%. DENOMINATIONS: $r,ooo, $500 and $roo. 6% FIRST MORTGAGE GOLD BONDS ON DAVIS~OAK BUILDING AND LAND . The location of this property, at . the southwest corner of Davis Street and Oak Avenue, is in the path of present development. A steady increase in value is assured. On Davis Street, Evanston's principal business center, this three-story building has 200 feet frontage, with stores now occupied by substantial tenants. It combines with the ten stores and 22 two~room apartments on this side, a court apartment building facing Oak Avenue, consisting ~f 30 attractive apartments of four rooms each. The building is brick with stone trim. Especially is it emphasized that the bonds are secured by a first mortage on the land, owned in fee, and the buildings described. This fact, its excellent location, the responsibility of the borrower, the sound appraisal of. experts, and the satisfactory present income offer an inviting prospect to the investor. As a conservative, high-yield investment you will readily appreciate the value of these bonds. Let us show you the property and describe in detail. For 44 years specialists in North Shore residential and business sales and rentals. First mortgage loans and investments. Insurance of all types Chicago, 40 N. Dearborn St., Central 0227 Evanston, Fountain Sq., University 2600 Winnetka, 714 Elm Street, Winnetka 2199 Wilmette, 4 24 Linden Ave., Wilmette 460

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