OCR Text |
Show Property In Chicago. The largest acre sale of city property during the present year, ho for as the consideration is concerned, was cloHed recently, by which the old Wlllord homestead, home-stead, comprising seventy acres and located lo-cated just south of Jn-oltHcm park and the Hyde Park water works, changed hands. The price paid was $350,000, or $5,000 per aore. The purchaser is the Turner estate of St. Louis. Nothing better illustrates il-lustrates the extraordinary rise in values in Chicago property than tins transfer. Mr. Willard, who was at oue time the agent of the Bank of Montreal in this oity, entered the land some time in the 40s, paying therefor $2.60 an acre, or $175 for the entire tract. In 1867 he was offered $10,000 for the land; in 1878 $08,-000, $08,-000, and four years ago a well known local broker offered him $105,000 cash. All of these offers were refused. Mr. Willard receives $5,000 an acre for what, about forty-five years ago, he paid $3.50. Chicago Times. |