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REAL ESTATE SECTION December 27, 1929 WILMETTE LIFE 37 New Official Staff Takes Kenilworth Building at Winnetka .B uilding Wilntette's Permit Helm of N. S. Realty Board Low Ebb for Past Month Total in Past Month Record at Low Ebb A. ]. "Andy" Woodcock of the WilBuilding activities · in Kenilworth, Recorded at $79,800 During Last 4 Weeks mette Realty company, one of the pioneer which during the past season at various vVilmette's almost unprecedented building slump continues. With Decembt!r almost over, the total valuation of proposed buildings for which permits were issued this month up to last Sat.; urdav is estimated at only $12,350. No permits were taken out this month in Wilmette up to December 10, when Leo P. Michaels was issued a permit to build .a shipping room addition for S. R. Javares at 621-23-25 Main street at an estimated cost of $3.300. On December 16 M. Spitzer took out a permit to construct three frame cottages for Benjamin Ehrlich, each to cost $3,000. They will be built at 401, 405. and 409 Fourth street. The onl_v other permit issued this month, to date, was to Joseph P. Nilles for the purpose of building a dormer addition to his residence at 724 Park avenue to cost $50. The total for the month of November ran in the neighborhood of $90,000. realtors of the north shore, assumes the helm of the North liiiiiiiii.iiiiiiiiil Shore Real Estate board for 1930. As announcNI in last week's issue Mr Woodcock wa~ elect~ eel president of the board at the annual meet in g held in Highland Park Monday evening Decemher 16. ' Serving on the official staff with Mr. =====~ Woodcock are R. A. J. woodcock B. \i\Tebster of the Heinsen Realty company, vice-president; Margaret E. Byrn of Harkness & Byrn, treasurer and C R. Nor man of Wilmette, secretary. . The annual banquet and dance of the board is scheduled for \Vednesday evening, January 15. times established monthly records, slumped precipitously in December. A permit was issued to William Salmen for a two-story brick veneer residcncc at 737 Cummings avenue, the only improvement of this kind a·1thorizcd during the month. M. G. Bauer is remodeling his residence at 605 Earlston road by converting an attached garage into a breakfa st room and is. building a new detached two-car garage, the total cost of these improvements being $4,000. , A permit was issued to the North Shore Construction company to build an ornamental wall at 323 Kenilworth avenue at a cost of $400. Builrling permits issued in Winnetka during the past month call for improvements amounting to $79,800, a small monthly average, but not a bad showing when weather conditions during that period are taken into consideration. · Depending on more favorable weather for building, there are said to be a number of new residential improvements' il1 contemplation. Only three permits for residences were issued the past month ; two for remodeling jobs and one for the new business block which George Rasmussen is erecting at the southwest corner of Gage street and Linden avenue in Hubbard Woods. The total cost of all improvements was $79,800. . A. D. Miller is building a two-story stucco residence at 150 deWindt road, costing $20,000. A permit was issued to Charles Kristof for a two-story brick veneer residence, with attached garage, at 1149 Willow street costing $10,000. Gus Lindahl is erecting a two story. brick veneer residence at 1210 Spruce street, costing $20,000. The cost of the George Rasmussen improvement is $28,000, and the two remodeling jobs amounted to only $1,800. Must Alter Realty Investment Scheme, Says Dean Heilman Dean Ralph E. Heilman of the school of commerce of Northwestern universit~' . speaking at the forty-seventh annual banquet of the Chicago Real Crosby Realty Company Estate board at the Palmer House this month declared that a new type of real Establishes New Office estate investment is needed today if The Croshv Realty company, 566 Quinlan and Tyson, Inc ., announce realty is to assume its rightful place Center street: Winnetka, whose busias an investment opportunity. He ness extends throughout the north the closing of the following sa les: Estate of Agnes M. Baker sold to spoke on "Realty and the Investor." ~hore, is opening another office in the anti-tuberculosis stamps, she reports, Modernizing Permits Miralago building, 1643 Sheridan road, C. A. and Lizzie Swendsen the 7-room "It is of the utmost importance," he Show Gradual Increase· in No Man's Land." The new oftice. frame hou se on a lot SOxlOO at 1325 said, "that the approved principles of Interesting figures relative to mod· opened last week is decorated and Judson avenue, Evanston. The pur- modern finance be applied t o realty if finished in early American mode and chasers are making extensive altera- it is to assume its rightful place as an ernizing activities in north shore building operations during 1929 have just is one of the most attractive rP.al tions on the house. R. S. Crane of the investment opportunity for the rank estate offices on the north shore. Evanston office of Quinlan and Tyson, and file. There is need today for a been tabulated by the North Shore Modernizing bureau. . Walter E. Vette goes from the Cen~er Inc., was the broker. type of . realty investment which will These facts indicate that Glenco·estreet office to take charge, and Mrs. L. P. and F. S. Cummings sold to permit investors, large and small, tu P. Hawley and Mrs. E. H. Garrison, F. G. Horner the vacant property pool their resources, and which will en- established an unusual record for dressmembers of the Crosby Realty cmn- 100xl75 on Raleigh road, between able each of them to profit through ing up properties (additions and alterapany's sale staff, will also be trans- \Voodstock and Oxford, Kenilworth. scientific selection of properties, diver- tions), showing that 20 percent of all ferred to the new office. Al Eckart ~1r. Horner will erect a home on the sification of holdings, expert manage- building permits issued were for mod. will he in charge of the Center street property next spring. Deane Dodson ment, modern methods of financing, ernizing purposes. The total number of these modermzof the \;vi1mette office of Quinlan and and participation in the ownership anJ office. ing permits along the shore jumped Tyson, Inc., was the broker. appreciation of properties and equities. from 557 in 1928 to 585 for eleven E. B. and J. T. Metzel sold to R. E. "The forms of real estate investment months in 1929, the average size of the Five Building Permits in and H. J, Bell the 7-room colonial home in common use now do not meet these Glencoe During December on a lot 75x150 at 220 Sheridan road, tests. The result can be brought about individual jobs being from $2,893 to . Only five building permits were issued Winnetka. C. A. Gurshin of the \iVin- only through a modification of the Illi- $2,955. Tabulation of permits for addittons s corporation law to permit cor- and alterations, given by towns, fol~ in Glencoe during the past month ' and netka office of Quinlan and Tyson, Inc., noiporations to be formed for buying, seathree of these were for private garages. represented all parties. lows: No new residences were started, the 1928 Increase or James Crabb sold to Seward M. ing, holding and engaging i_n realty 1929 Decrease operations, or through the mt~od_ u c . only permits sought for improvements in Davis the 7-room brick home on a lot the residential section being for two re- 50xl40 at 729 MacLean avenue. Indian tion of the investment trust pnnctple Evanston 825,350 $ 797,350 plus $ 28,000 $ Hill. Deane Dodson of the Wilmette in the real estate field." modeling jobs. Wilmette 8,145 Among other important movements 157,380 plus office of Quintan and Tyson, Inc., rep165,525 Dr. H. D. Wiley is building a rear and trends in the realty field em- Kenilworth porch entrance to his house and basement, resented both parties. 243,420 minus 171,890 71,530 phasized by Dean Heilman were tl~e at 440 South avenue, costing $350 and Winnetka decline in individual home ownershtp 55,065 137,950 plus 193,015 Charles Johnson was granted a permit R. Lyons Re-elected and the increa:,e in multi-family dwellGlen roe to build a sleeping porch and sun porch 96,500 plus 176,005 272,505 the movement to.ward decentraliLibertyville Board Head ings, on his residence property at 150 Linden Highland Park 21,530 179,371 plus 200.901 avenue, costing $2,000. State Representative Richard ]. Lyons zation of retail shoppmg and the development of important outlying and The total cost of all building improve- who was recently eiected secretary of the suburban business centers, the estab- Total ments for the month was only $5,050. Illinois Association of Real Estate lishment of "open markets'-/ and securi· $1,728,826 $1,611,971 plus $ 116,855 hoards at the Rockford convention, was ties. and the movement for revising and re-elected president of the Libertyville- modernizing state tax laws so that the Suggest Simple Method Mundelein Real estate board at the elec- tax burdens on realty may be more Peter S. Barton Buys Home on North Shore to Test Heating Plant tion of officers December 18. The fol- fair and eQuitable. lowing other officers were ~lected:. WilThe Crosby Realty company, 566 A simple test which any home-owner Center street, reports the sale of the can make when his new home is turned liam M. Hopkins. first vtce-pres1dent; Paul Williams Purchases Harry Vissering residence property at over to him by the contractor will John Rouse, second vice-president ; A. E. Beautiful Winnetka Place the northeast corner of Kenilworth show whether the heating system is Suter, treasurer, and R. G. Kaping, secfunctioning as it should, that is, if retary. The important residence sales of avenue and Essex road to Peter S. the circulation of vapor, steam or water Two new directors were also elected the past month included th~t of one of Barton. The property has a frontage 'of' is uniform and positive to all parts of for three years namely: Paul Mac Guf- Winnetka's most beautiful smaller 193 feet on Kenilworth avenue. Mr. the radiator heating system, according fin and Lloyd Ray, both of Libertyville. Pstates, the twelve-room Italia.n-style, Barton is a member of the internato the north shore modernizing bureau. Benjamin Wright place at 930 Htll road. tionally known firm of Peat.· Marwich, The test is this : Start a fire under The purchasers, Mr. and Mrs. Paul Wil- Mitchell and company, pubhc account· the boiler and then see if all the radia- tween the time the radiator furthest liams of 487 Ash street, have already ants and has come from Philadelphia tors heat up uniformly and promptly. from the heating plant warms up and taken possession. Mrs. Frances \Vins- to t~ke charge of the company's Cl:ic· · .. -· :- ~. L.. ., There should not be more than from the time that the radiator nearest the cott..of.. 9()2 Spr,qce .str~t · n;aade the sale. ago _.officc, thr.~e. t9 iiv~ minll~es . 9iff.~~~-~~c; _ _ .Qe. -. boiler warms up. Quinlan and Ty _ ·on Announce Recent -Sales Transactions 41 J.