Highland Park Public Library Local Newspapers Site

Wilmette Life (Wilmette, Illinois), 2 Mar 1928, p. 78

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

RC)buoa & Jenks, the "following, sales : 240 feet of residence vacant has been purchased by Harold . 0. Barnes on Earlston road, Kenilworth. D. S. Stillman of Hokanson & Jenks, Inc., represented the purchaser. Mr. Barnes will improve this property with three homes. Property at 140 Oxford road, Kenilworth, improved with an eight room frame colonial residence on a lot 100 x 200 has been sold by Lewis B. Walton to Ftank A. .Hit,r.·: · .TJaOmu S. Hodgson t:epresented 'b oth the JlUr-· chaser and the seDer. · · Mrs. ·W alter J. Gunthrop of 540 Sheridan road, Evanston, has purchased from John A. Nyden the nine room stucco residence at 635 Forest avenue, Evanston. Lot SO x 175. She expects to move in immediately. Mrs. Thos. S. Hodgson of the above firm represen ted both 'the seller and the purchaser. The vacant property at the southwest corner of Warwick and Cumberland roads, Kenilworth, 100 x 193, was sold by the City National Bank and Trust company of Evanston, trustees 60 x 140. to ~lfarquis C. Weimer, 'rice president of the Armour Leather sompa.ny. H.erbert C. Jenks represented both· parties. · 411 Sheridan road, Wilmette, a 10 room brick residence, lot SO x 150, has been sold by Mrs. Mary Macklin of Beverley Hills, California to Walter I. Beam of Wilmette. D. S. Stillman represented both the buyer and the purchaser. · C. E. B. Adams of 567 Ash street, Winnetka. has purchased the .Property of Ernest W. Hunt at the southwest corner of Wesley avenue and Church street. This property is improved with a 10 room shingle residence on a lot Mnltip1e Listing. The information given Increasing interest is being shown in To Let An Apartment -where all the beauty and residential atmosphere of the North Shore is presertJed intJiolate-in Hubbard WooclsWinnetka 3 Rootns 4 Rootns 5 Roollls Unusual spaciollmess and fine interior appointments Evuy apartmmt commands splmclid view. The ·rooms art large and light. tbt loon of oak, with wooclwork in mahogany and white mamtl. Tbt colored tile bathrooms have sbowen and each apartmtat is rquipped with electric refrigaatioa. Tbt four and fivt room aparbllmtl haw fall sized kitcbms, the thrtt room apartmtnts havt kitchmttta. .and all have in-a-door beds. Tbt building ovtrlookiag a square block of lawn and park will be a bandsomt addition to tbt high cbaracttr of Hubbard Woods. Costing ovtr a quarttr million dollars. it prtsents ntw advantagts in clesip and layout and it is dont in tbt Authentic English arcbittctural motive. Tbt main ftoor oa oat stmt contains tbt apartmtat tntrancts and .the otbtr attett is devoted to fine and txclusivt shops. Oat block from the atation of the Nortbwatem. North Short Elm:ric Railroad. is taken from the pamphlet on "The Organization and Administration of a Multiple Listing System" issued ~ the National Association of Real Estate Boards and is the result of long and careful study. What is this Multiple Listing System? It is a method of exchanging exclusive listing contracts for the sale of property between brokers of the same real estate board, whereby the listing broker remains the exclusive selling agent representing the owner but all other brokers to whom the listing is sent are given a description of the property and the r!g~t to sell it !lnd to share in the commtsston earned tf they make a sale. 1'he listing broker can still earn the entire commission if he effects a sale himself and keeps his rights as exclusive agent but, by giving his fellow brokers a chance to sell the property, he widens his market and has a better chance to bring about a sale. It can readily be seen therefore that this ·system will expedite sales thereby making real estate a more liquid commodity and attracting the public to real estate as an investment. Within ten years it has been established in nearly two hundred cities and is now a definite factor in real estate selling. An exclusive listing contract is necessary to the proper operation of such an exchange of listings of property. This contract gives the listing broker the sole right of selling the property within a certain period of time durin~ which he is protected in his efforts to effect a sale. If he does sell, the reward is certain and therefore he is stimulated to make his best effort. In this way the contract works to the advantage of the owner who is much more likely to obtain a quick sale and satisfactory transaction. Then too with this contract the broker is in a position to approach his fellowbrokers for assistance in selling the property. and he can do this without danger of losing his interests which would not be possible without such a contract. So in this way the system works to the advantage of both the broker and the owner. It has been found that the most satisfactory method of organi7ation is the establishment of a Multiple Listing Bureau within the real estate board. Membership in this bureau should be open to all active members of the board and in nearly all instances where a bureau is now in operation, is voluntary. - It is possible for the bureati to function profitably even though all the members of the board do not beIon~ to it. Charles B. Gnyling Buys Lot on Abiqclon Avenue · Charles B. Grayling, owner of Gras- . ling's restaurant in the Wrigley building, has purchased a lot 7Sx160 feet on. Abingdon avenue, Kenilworth, from Theodore Susen. Mr. Grayling is having plans prepared for a nine room brick home, and expects to break ground shortly. R. M. Johnston and company were the brokers for the sale. The same brokers report the sale of an apartment lot 40x150 feet on Hoyne avenue south of Howard street, Chicago, for Lucy V. Furlong J>f Wit- , mette to Edna B. Heicher of Chicago. Ralph D. Foster has b~en- added to the sales department of the Evanston office of the E~ E. Stults Realty company, according to Frank C. Betts, ~ager. clea A 'ftllae. Tbt location is at tbt nortbwnt comtr of Merrill Street and Lin· The matal is moderate-On Saturday and Sunday afttmoons· tbne is an aaeat OD the praaises. For full information apply to McGUIRE & ORR, Agents 541 LINCOLN AVENUE, WINNETKA . GLENCOE OFFICE, PARK AVE., Op~ Depot . STULTS ADDS TO STAFF

Powered by / Alimenté par VITA Toolkit
Privacy Policy