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

January 11, 1929 WILMETTE LiFE' 49 IIIII IIIII IIIII IIIII IJIJ( lllll lJIII ) $160,000.00 FffiST MORTGAGE REAL ESTATE GOLD BONDS 6Y2 Percent i, v Hayes-(/)empster Store and Apartment Building ,. THE LOCATION ... on the southeast corner of Dempster Street and Elmwood Avenue, Evanston, presents a 200 foot front on Dempster Street. Just a few hundred feet east are the stations of the Chicago Elevated, North Shore Electric and North Western steam roads. Evanston street cars and busses pass these stations. Four blocks to the north is Fountain Square where the city's Municipal buildings, banks and large department stores are located. This location is not speculative; Dempster Street is now established as a commercial center and Elmwood Avenue is fast becoming a street of fine apartment buildings. All of these features tend to assure a permanent tenancy for stores and apartments and an increasing value of .the security to the bondholders. INCOME: Stores and apartments will produce an annual increase of SECURITY ·.. Is· a 99 year leaseholcl on land . . 200 feet on approximately $50,000.00. This amount is nearly five times the Dempster and 80 feet on Elmwood Avenue, and impr~vements being highest annual interest requirement of the entire bonded indebtedness. erected thereon. These have been appraised as follows: Leasehold (by Edw. H. Payne, Real Estate Appraiser) ... $49,500.00. · GENERAL: Proceeds of the loan are to be used in the erection of the building. These proceeds will be disbursed by John F. Hahn, Inc., Building as of completion (by Chas. E. Blomgren, Jr., Builder) ... who guarantee the completion of the building free from all prior $256,767.00. Total appraised valuation . . . $306,267.00. This valualiens. They will also meet all interest and principal payments of tion establishes these bonds as approximately 52% of the security. the bonds as they fall due. State Bank and Trust Company of Evanston are the Trustees. OWNERSHIP: The leasehold is granted by Trustees of Schools, MATURITIES: The margin of security, originally large, will be Township 41 North, range 14, to Michael L. Hayes and AnnaL. Hayes, further increased by annual retirement of the bonds after the year, in the following installments: his wife, who will erect and own the building being constructed thereon. Mr. Hayes has projected and owns several of the fine $6,000-December 15, 1931 $ 7,000-December IS, 1935 apartment buildings in Evanston. Most notable among these are the 6,000-December 15, 1932 7,000-December 15, 1936 7,000-December 15, 1933 Willard View and Hayes Buildin~s at Clark Street and Sher'man 7,000-December 15, 1937 7,000-Docember 15, 1934 113,000-December 15, 1938 Avenue. THE BUILDING ... of brick and stone, is designed in early Italian architecture. Its exterior of light red brick, trimmed in gray stone and copper, presents a rich appearance, worthy of the euellent site that it will occupy. There will be 12 main floor stores on the Dempster Street side. The second and third floors will contain 29 apartments. Of these, 18 will have three rooms each, with bedroom and additional Roll-a-way bed. The remaining 11 will have 2 rooms each, Roll-a-way equipped. There will be no lack of modern appointments in these apartments; Kitchen Maid equipment, electric refrigeration and large dressing rooms, oil heat and incinerators. The stores and apartments will combine to produce an annual income of approximately $50,000.00. Offered in $100 $500 · $1000 denominations by JOHN F. HAHN, Incorporated · . Established 1899 Real Estate Investments Insurance Renting ROGERS PARK 1617 GREENLEAF SHERMAN A VENUE EVANSTON, ILLINOIS 2700 5115