Illinois News Index

Wilmette Life (Wilmette, Illinois), 26 Jan 1939, p. 57

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Janaîir.y. There are many reasons for this encour- aging, activity. A few vital reasons , are listed below 1. Pr ices'o f b o t h im'proved W..Ruge and, vacant propert les are stili low. In fact improved properties can be bought, beloW reproduction fcosts. 2. The public is now awake to the linvestment'possibilities that real es- tate, now affords. Today people are buying, homes, for an investmnent s0 that now. you have the moést unusual situation of a home flot being just a luxury,- but an, investrnent. People -who buy residences and rent themn re- ceive a net return of from, 517oto' -4.Not only do they receive this excellent return but they know~ that * they are facing a rising market there- *fore having. a most >excelint pos- sî.bility of sellinig their home for more than they paid for it. This situation is and shall bc especially true of North Shore properties in 1939. *Apartment building's. commercial properties and industrial property , *an now be bought for as low as three tirnes the gross income. That situa- tion. 1 sincerely believe, will flot last through the year of 1939 for North had the opporunity to secure in this Karl M, 2ýountry. apatnntbidig r to Mr 4. Residences. prmetbilig of Princel and farms can be bought for as îow a tuteof Tî down payment at 10". This small the lateT down payment cmie with favor- architect. able. interest rates* opens the real es- The bu tate market for many people who Ruggles l formerly could not .buy propertiesi road, Wi~ because they lacked the necessary The cash! That day is past. -1 TeG 5. Vacant nropertv riesare sti11 ýMrs. Riel can raise thee usteci price of. your property. In conclusion, it 15 flot advisable to seli your property, unless you intend' to reinvest the money that you re- ceive from the sale of your property in other real estate... The. reason- there is no safer,, surer and easier way to increase your capital than to in- crease it through.incereasiedreal estate value. Have you noticed al of the excava- tions that have been started in the past thirty té sixty days? They.:are flot only the first harbingers "of spring, they ,are also the basic. fore- runners of. a better econoie situa- tincausect by placing thousands ot men back tô work. Building, prices are low., You get much more for your money than you did in 1920 to 19213-.Wînter and sum- mier. air conditioning. i m p r o v e d plumbing and plumbing fixtures, im- proved insulation. improved kîtchens' and kitchen equipet,, h e ti n equipment, etc., give the new horne builder-owner great value for their investmen't.-o ,We have no-w under construction nine residences totaling $149,500 on the North Shore. William J. Connors. vice-president of William G. Ruggles Associates. Inc.. is our chief architect and in charge of all construction work. Hie is a gradua te of~ Notre Dame university and v.as formerly with Holabird & Root. Mr. Cnnirq iina I. Schrnid. architect. is assist- r. Connors. Hie is a graduate, eton and Massachusetts Insti- Technology. He is the son of R. G. Schmid. noted Chicago ,ilding office of William G. Associatýes,.. is at 51îRde [mette. ie o!f Mr. and ner, at 632 Mel- G;eoTge A. Veed2r's nine room brick veneer resi- dence at e35 Essex. road. KeniLworth. H. Ring'Clau- son was the arc hitect and the Bateman Construction company'the bùllder. Martin Braun is the owner of thas five room brick ve- neer, and f rame house at 2500 Greentoood a v~ e n u e., Wîlmette. Joseph Braun, was the general contractor, and G. A. Rheinhardt the architect.* C, A. I-einphill and ctes designed and bi nine roorn Frenchj cial house art S561 William il. Kbenig-is own- er of this six room modern dwelting at 1521 Walnut, avenue, Wilmette. The ar- chitect was Dave Carlson, and the general contractors Sproiul and JKoenig, !ne.

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