Winnetka Local History Digital Collections

Winnetka Weekly Talk, 16 Jan 1926, p. 25

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WINNETKA TALK January 16, 1926 24 A HOLINGER BOND IS A SAFE INVESTMENT $145,000.00 First Mortgage Real Estate Bonds 616% Secured by the new GEORGETTE COURT APARTMENTS 7444-54 North Seeley Avenue, Chicago, Illinois, containing thirty-one apartments. Esti- mated annual rental $31,380.00. $70,000.00 First Mortgage Real Estate Bonds 612% Secured by the new GLEN CLAR APARTMENTS South East corner Arthur and North Claremont Avenues, Chicago, containing sixteen apart- ments. Estimated annual rental $16,500.00. Twenty-nine years of perfect investment service. A. HOLINGER AND CO. Real Estate Bonds and Mortgages Eleven South LaSalle Street. Chicago Essential! EPENDABLE BONDS are backed by some essential activity. The investments offered on these pages have the strongest possible security. Their reliability and earn- ing power are insured by essential industrial proj- ects, municipal improve- ments, public service ex- tensions and realty im- provements. You can in- vest in them with safety. Dearborn 6200 Between You and Us S an investor, you want more than just a bond. You want an in- vestment of unquestioned security that is also carefully selected to meet your particular requirements. This is precisely the field in which we can serve you. We place at your dis- posal every facility of a competent and experienced organization and we offer, in addition, the personal counsel and in- terest of the principals of our firm. We are large enough to serve you well but not so large as to forget that our business is being built on personal service. WYANT & CO. 108 S. LaSalle St., Tel. Franklin 6110 CHICAGO New issue $650,000 THE LANSING (CHICAGO) First Mortgage Serial 6%9% Coupon Gold Bonds Dated December 26, 1925 Due Serially 1928 to 1935 RECOMMENDATIONS: . SECURITY: Direct closed first mortgage on land and building. First lien on income. 2. LOCATION: Southwest corner of Maple and Dearborn Streets, Chicago. Near the loop, Lake Michigan and Lincoln Park. 3. VALUE OF SECURITY: Land, $110,000; building, $944,000. Total valuation, $1,054,000. 4. INCOME: The estimated gross income based on exceedingly low rentals is $171,500 annually. The net income will be over 2% times the maximum annual interest requirement. 5. PAYMENTS: Semi-annual payments will reduce the loan to $406,000 at final maturity. This is approximately 38% of the present appraised value of the security. 6. PRICE: 100 and interest to net 6%%. These bonds are offered when, as, and if issued and received by us, and subject to the approval of Messrs. Rueben, Fisher, Mosser and Barnum, counsel for Leight, Holzer & Company. A. Leight, Holzer & Co., Bond is a SAFE Investment. Leight, Holzer & Co. Second Floor, Conway Bldg. 111 W. Washington St. Phone, Franklin 1170 Chicago, Illinois pt

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