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May 3, 1929 WILMETTE LIFE 61 Five. year issue of 6~ per cent Gold Bonds I ,, ,, I 'I li I II Lincolnwo. o d Apartments, 2455 .. 2507 Prairie Ave., Evanston ~~~-=-=-=-======================================~===================================~~ $220,000.00 in denominations of $.100, $500, $1,000 I 9 3 3) . For those who favor short term securities, here is an added factor of desirability. T HE BU1LDING, of Georgian architecture. will occupy a site of more than three quarters of an acre, providing every apartme nt with direct sunlight and air. The setting is on a beautifully landscaped court, 64 feet wide. At the rear of the court will be a flagstone floored veranda, enclosed with wrought iron trellis overhung with crimson ramblers and honeysuckle. in this northwesterly direction. Bus, street car and steam road transportation are all within a distance of t:wo short blocks. Central Street, a little over a block to the North, provid.:s excellent shopping facilities. The New Haven School of elementary and intermediate grades is just one -half block away. THE SECURITY for this first mortgage bond issue is land owned in fee and the 3 6 apartment building to be constructed thereon. The land is approximately three quarters of an acre. Its 200 foot depth fronts 150 feet on Prairie Avenue, just ·I 5o feet south of Harrison Street, in Evanston. The building is fully described in the first column on this sheet. Appraisals of the land and building as of completion follow: Land (By N. M. Hokanson, · Evanston) ...... . . ........ $ 6o,oo'o.oo Building (By N. J. B~rring, Builder) ................. .. 275.ooo.oo Total Appraised Valuation ..... $J.Js,ooo.oo Based on the foregoing valuations, the bonded indebtedness represents 65% of the combined value of security. THE INCOME per annum is estimated at $49,ooo.oo. This is approximately 3~ times the highest annual interest installment of the first mortgage bonds. MATURITIES : This issue is dated March 5th, I 929, and is due in its entirety in five years, with annual prepayments of $8,ooo.oo each in the third and fourth years (I 9 3 2 and I The 3 6 apartments are designed to provide 1 2 of five rooms each with two baths, 1 2 of five rooms with one bath and six each of four and three rooms. Building features include: Wood-burning fireplaces in I 8 apartments . large wardrobes, closets and corner cabinets. Mechanical refrigeration, electric ventilators, commodious cabinets and large ranges in · kitchens. High tile walls in baths; where there are two baths to an apartment, one of them will have a shower stall. All others will have shower equipped tubs. Refrigeration. gas and electricity will be furnished to tenants, cost to be included in rentals. In the rear of the building will be a playyard for the tenants' small children. Enclosed by a high brick wall and Lombardy poplars. the yard will have a play house, sand piles and a concrete tricycle speedway. Half of the yard will extend under the building for use in inclement weather. THE LOCATION is in North Evanston adjoining the Lincolnwood district to the east. Far from being an experimental location, this section is completely established at this time. And the trend of expansion for Evanston is definitely OWNERSHIP: The bonds are the direct obligation of Ruby L. Danielson. Philip A. Danielson, her husband, and Hilmer V. Swenson. Mr. Danielson is an Evanston architect of note and has himself designed this structure, so unique in efficiency and appeal. PROCEEDS OF THE LOAN are to be disbursed in the erection of the building by John F. Hahn, Incorporated. They guarantee to the bondholders, the completion of the Lincolnwood Apartments, substantially in accordanct with plans and specifications free from all prior liens. In this guarantee John F. Hahn, Incor· porated, reserve to themselves the right to repurchase all bonds of this issue at par plus accrued interest to date of repurchase. GUARANTEE OF TITLE: Chicago Title Trust Company has issued a Title Policy which guarantees these bonds to be a direct prior lien against land and building described above. ~ TRUSTEE: The State Bank and Trust Company of Evanston has been named Trustee. Policies for full protection against damage to the structure from fire or windstorm have been written and deposited with the Trustee. GENERAL: The building after ·completion will be managed by John F. Hahn, Incorporated. All installments of principal and interest will be paid to the bondholders as due at the office of John F. Hahn, Incorporated, I 6 I 7 Sherman Avenue, Evanston, Illinois. }OHN F. HAHN, Incorporated ESTABLISHED 1899 Real Estate Investments 1617 Insurance - Renting SHERMAN AvENUE, EvANSTON ORDERS MAY BE PHONED · CALL GREENLEAF 2700 · FROM CHICAGO, ROGERS PARK 5115